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OM We (a) Unless Cite principal of all LIDO ,'0116- 511:;1.1 ',i:ive , come or shall have been declare<a due and payable, all such moneys shall be applied: First: To the puym( nt to the :,ersons entiilc:d thereto of all install- ments of interest then due, in the order of the maturity of the installments of such interest, and, if the amount available shall not be sUfficient to pay in full any particular installment, then _o the payment ratably, according to the amounts due on such installment, to the persons entitled thereto, without any discrimination or privilege; Second: To the payment to the persons entit.lc:d thereto of the unpaid principal of any of the bonds which shall have become due (other than bonds called for redemption for the payment of which moneys are held pursuant to the provisions of this Indenture), in the order of their due dates, with interest on such bonds from the respective dates upon which they become due, and, if the amount available shall not be sufficient to pay .in full bonds due on any particular date, together with such interest, then to the payment ratably, r according to the amount of principal due on such date, to the persons entitled thereto without any discrimination or privilege; and Third: 'To the payment of the interest on and the principal of the bonds, and to the redemption of bonds, all in accordance with the provisions of Article V of this Indenture. (b) If the principal of all the bonds shall have become due or shall have been declared due and payable, all such moneys shall be applied to the payment of the principal and interest then due and unpaid upon the bonds, with- out preference or priority of principal over interest or of interest over principal, o1 of any ;nstallment of z.yterest o ter any other �n r r stal_lment of interest, or of any bond over any other bond, ratably, according to the amounts due respec- tively for principal and interest, to the persons entitled thereto without discrimination or privilege.