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IT ~s sex$sY ~caBEn by the Co~onpany that, anbject to the provisio~a af
Secdon 87 of the Mortgage, a1t tiu proPertY~ ~~D~
by the Company after the date heroof (eacaPt any herean or in the Mort8~8e•
as heretofore supplementod, eacPresslY °aaPt~d~ sh~11 be and are as
ganted and conveyed hereby and as fully embraced within the Lien of the
Mortgage, as if such property. rights and franchises wer~e now owned by the
Company and were spocificallY described herein and oonveyed hereby.
Provided that the follawing are not and are not intended to be now or
hereafter g,ranted. bar8ained, e°ld, releas°d' conveyed' ass~gned' transfertnd,
mortgaged, pledged, set over or confirmed here~wder and are hereby expre~lY
excepted from the Lien and operation of this 'I~?ent~?-5rst S~PPi~~
Indenture and from the Lien and operation of the Mortgage, as lierttofore su~
plemented, viz: (1) cash, shares of stock, bonds, notes and other obligations -
and other securities not hereafter specifically pledgod, Paid, d~i~ ddiw
ered or held undar the Mortga~e or cov~enanted ao to be; (2) met~chsnd'u0.
equipment, materials ar supplies held for the pnrpos~ of sale in tba naoal
course of business and fuel, oil and similar materials and supplics oonsumabk
~ ~ in the operation of any Properties of the Company: rolling stock, buses, motor
f coaches, automobiles aad other vehicles; (3) bills, notes and aocounts
~ receivabk, and all contracts, lcases and operating agreements not spa~ificallY
; pledged under the Mortgage or covenantod so to be; (4) the last day of tLa
~ term of any lease or leasehold wtuch may her~after becom~ subloct to the
~ Lien of tl~ Mortgage: (S) electric enGrgy, 8sa, ic~• and other materials or
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~ products generated, manufactured. Produced or purchasod by tt~e inP~Y
for sale, distribution or use in the ord~nsrY vourse °f its business; all timber,
minerals, mineral rigbts and royaldes; (6) the Company's ftanchi~e to be a
corporation; and (7) the properties alreadY aold or in the process of being
sold by the Company and heretofore releaeod from the Mortgage and Deed
of Trust dated as of January~dl~,~~ N,~w~k ofgJaclcsonv~le.
to Batilcers Trnst Company
Trustees, and specificaUY described in thtoe ~ate nleases ~acocuted by
Bankers Trust Company and T~ Florida National Bank of Jackaonvilk,
~ dated luly 28,1943, Gctober 6,1943 and Daxmber 11,1943, wluch releases
~ have hetetofore boen deliverod bq the aaid Trt~stas w the Compa~nY ~
~ r~vordod by the Compaay amon8 t6e Pablic Rooorda of all Counties in which
such properties are located; provided.lawever, thai the properiY and ri8bts
~
~ expressly exoepted from the Lien and oparativn of the Mortgage in the abov~e
~ tted law) oease to ba
~ subdivisions (2) and (3) shall (to tbe ~actent peami bY
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