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HomeMy WebLinkAbout2547 8 miaerals. mineral rights and royalties; (6) the Company's franchise to be a i corporation; and (7) the properties already sold or in the prooess of being sold by the Company and herttofore released fmm the Mortgage and Deed of Trust dated as of January 1, 1926. from Florida Power dc Light Company to Bankers Trust Company and The Fbrida National Bank of Jacksonville, Trustees, and specifically described in three separate releases executed by Bankers Trust Company and The Florida National Bank of 7acksonville, dated July 28, 1943, October 6, 1943 and Decembec 11, 1943, which releases have heretofore been delivered by the said Trustoes to the Company and ' recorded by the Company among the Public Records of all Counties in which such properties are located; provided, however, that the property and rights expressly excepted from the Lien and operation of the Mortgage in the above subdivisions (2) and (3) shall (to the eatent permitted by law) cease to be so excepted in the event and as of the date that either or both of the Trustees or a receiver or trustee shall enter upon and take possession of the Mortgaged and Pkdged Property in the manner provided in Article XIII of the Mortgage by reason of the occurrence of a Default as defined in Section 65 thereof. TO HAYE AND TO HOLD A~I SUCb piOpCit1CS. iCB~, personal and m'vied, ~ granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledgad. set over or confirmed by the Company as aforesaid~ or intended so W be, unto The Florida National Bank of Jacksonville, the Co-Trustee. and (to the extent of its legal capaciry to hold the same for the purposes hereof) to Bankers Tnut Company, the Corparate Trustce, and its and their successors and assigns forever. IN TRUS? NBVERTHELESS, for the same purposes and upon the same terms, trusts and conditions and subject to and with the same provisos and covenants as are set forth in the Mortgage, as heretofon supplemented, this ~ Twenty-fourth Supplemental Indenture being supplemental thereto. ~ AND IT IS HEREBY COVENANTED ~I iUC COQlPBny tI18t AlI t~IC tCI'mS, con- ; ditions, provisos, covenants and provisions contained in the Mortgage sha4 i affect and apply to the property hereinbefore desscribod and conveyed and to the estate, rights, obligations and duties of the Company and Trustees and the beneficiaries of the trust with respect to said property, and to the Trustees and their successors as Trustoes of said property in the same manner ~ ~i6~' ' 7 ` ; : ~ - a~aK 195 P~~.f 2545 ~ ~ ~ ~ _ - ~ _ ~ :