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In those cases in which the Agency must discharge its liability assumed as Mortgage Insurer, it shall make the corresponding payment in debenture bonds, or in cash, from the moneys deposited in the Insured Mortgages Reserve Fund or in a merger of both to be determined by the Secretary. History —June 25, 1965, No. 87, p. 216, § 3; July 23, 1974, No. 215, Part 2, p. 123, § 1.