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r . I . , I -,._~ .-,- (1) by suit, action or proceeding to enforce all rights of the Holders of the Bonds, including the right to require Servicers to collect repayments required pursuant to the Mortgage Loans being šerviced by them adequate to carry out the covenants and agreements contained in this Resolution and the right to require the Agency to perform its duties under the Act; (2) by bringing suit upon the Bonds; (3) by action or suit, require the Agency to account as if it were the trustee of an express trust for the Holders of the Bonds; and (4) by action or suit, enjoin any acts or things which may be unlawful or in violation of the rights of the Holders of the Bonds or to compel the Agency or any Qualified Mortgage Lender or Servicer to perform their respective duties under this Resolution and any Commitment Contract (and Reservation of Funds), Mortgage Loan Purchase Agreement or Servicing Agreement. 1203. Priority of Payments After Default. In the event that the funds held by the Trustee and Paying Agents shall be insufficient for the payment of interest and Principal Installments or Redemption Price then due on the Bonds, such funds (other than funds held for the payment or redemption of particular Bonds or coupons which have theretofore become due at maturity or by call for redemption) and any other moneys received or collected by the Trustee acting pursuant to this Resolution and this Article XII, after making provision for the payment of any expenses necessary in the opinion of the Trustee to protect the interests of the Holders of the Bon~s, and for the payment of the charges, expenses and liabilities incurred and advances made by the- Trustee in the performance of its duties under this 'Resolution or any other applicable document, shall be applied as follows: (1) Unless the principal of all the Bonds shall have become due and payable, First: To the payment to the persons entitled thereto of all Interest Installments then due in order of the maturity of such Installments, and, if the amount available shall not be sufficient to pay in full any Installment, then to the payment thereof ratably, according to the amounts due on such Installment, to the persons entitled thereto, without any discrimination or preference; and Second: To the payment to the persons entitled thereto of the unpaid Principal Installment or Redemption Price of any 80nds, which shall become due, whether at maturity or by call for redemption, in the order of their due dates and, if the amounts available shall not be sufficient to pay in full all the 80nds due on any date, then to the payment thereof ratably, according to the amounts of principal or Redemption Price due on such date, to the persons entitled thereto, without any discrimination or preference; 62