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the term~of the useful life of St. Lucie Unit
No. 2 including any repairs or replacements
thereof, and for a reasonable period thereafter
for safe decommissioning and disposal of St.
Lucie Unit No. 2, up to a maximum period of two
hundred years; and (g) said reservations,
conditions, restrictions, waivers and covenants
are reasonably related to a proper purpose to
be accomplished, and that said period is
therefore reasonable when so considered.
(4) Grantor and Grantee shall have,
without need for consent from or prior offer to
any other tenant in common, the right at any
time or from time to time to convey or create
any form of security interest in all of their
respactive interests in all or any part of the
property hereby conveyed, as security for their
respective present or future bonds, obligations
or securities, including a mortgage or conveyance
to a trustee or trustees. Any such conveyance
or creation shall be subject to all the terms
and conditions of this deed and of the
Participation Agreement. Subject to such terms
and conditions, any such trustee or trustees,
mortgagee or holder of a security interest, any
successor or assign thereof, and any receiver
or trustee in bankruptcy, reorganization or
receivership of either party may, without need
for consent of any other tenant in cotmnon,
succeed to and acquire all rights of either
party and be subject to all obligations of
either party pursuant to this deed.
(5) Grantor covenants with Grantee that
Grantor shall likewise be bound by all of the
terms, conditions, restrictions, waivers and
covenants hereof with respect to any interest
retained by Grantor in said real estate and
improvements thereon; and Grantor further
covenants that any further conveyances.of any
interest in said property shall include all of
the same terms, conditions, restrictions,
waivers and covenants as contained herein.
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- ao~K346 P~cE2~7
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