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proceed, and upon the written request of the H.olders of n.ot less than twenty-five percent (25%) in principal amount .of the Outstanding B.onds shall proceed, in its own name, to protect and enforce its rights and the rights of the Bondholders by such of the following remedies, as the Trustee, being advised by counsel, shall deem IJIC)st effectual to protect and enforce such rights: (1) by suit, action or proceeding, enforce all rights .of the Bondholders, including the right to require Servicers to collect repayments required pursuant to the M.ortgage held by them adequate to carry out the c.ovenants and agreements contained in this Resolution and to require the Agency to perf.orm its duties under the Act; (2) by bringing suit upon the Bonds or t.o enforce payment of other sums payable to the Trustee or any Paying Agent; (3) by action or suit, require the Agency t.o account as if it were the trustee of an express trust for the Holders of the Bonds; (4) by acti.on 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 Mortgage Lender to perform their respective duties under this Res.oluti.on, the Mortgage Loan Participation Purchase and Servicing Agreement and Loan Agreement, or any other applicable agreement; (5) by declaring all Bonds due and payable, and if all defaults shall be made good, then, with the written consent of the Holders .of n.ot less than twenty-five percent (25%) in principal amount of the Outstanding Bonds, by annulling such declaration and its consequences; .or (6) in the event that all Bonds are declared due and payable, by selling, liquidating or otherwise realizing the value of the assets of the Agency pledged under Section 601 .of this Resolution (to the extent not theretofore set aside for redemption of Bonds for which call has been made). 1204. 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 and under this Resolution, such funds and any other m.oneys 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 Bonds, and for the payment of the. charges and expenses and 1 iabi 1 ities incurred and advances made by the Trustee in the performance of its duties under this Resolution shall be applied as follows: (1) Unless the principal of all the Bonds shall have bec.ome due and payable, 57 . . . . .