case the principal of said Bonds or any of them shall not be paid at their ma-
turity then it shall be lawful for the said party of the second part and the suc-
cessor or successors of him in the Trust on the written request of the holders of not
less than one tenth part of the said Bonds then outstanding to take possession of
all and singular the said premises property and franchise so conveyed and as
the Attorney in fact or agent of the said party of the first part by himself his
agent or substitute duly constituted have use enjoy and operate the same making
from time to time all needful repairs, alterations and additions.  And after deduc-
ting the expense of such use, repairs alterations and additions and the costs and char
ges of such taking of possession and a reasonable compensation for the services
of the said Trustee on such taking of possession and while so in possession, apply
the proceeds thereof to the payment of the principal and interest of said Bonds issued here-
under remaining unpaid and which may have become due. And upon the written
request of the holders of at least one third of said Bonds issued hereunder and their
outstanding unpaid shall cause the said premises real and personal estate, rights and
franchises to be sold at public auction in the City of Fernandina in the State of
Florida, giving at least (12) twelve weeks notice of said sale by publishing the same
in at least one daily newspaper in the City of New York, and two newspapers in the
State of Florida and wherever else required by law. And on such sale to make execute
and deliver to the purchaser or purchasers thereof a good and sufficient Deed of
Conveyance in fee simple for the same: which shall be a bar against the party
of the first part, its successors and assigns and all persons claiming under it or there
of all rights interest claims or demands of in or to the said premises rights or fran-
chises or any part thereof.  The amount of the bid or purchase money of said sale
may be paid and satisfied in whole or in part by the outstanding mortgage Bonds or
any of them, issued thereunder. And the same shall be taken and received in whole
or in part payment and satisfaction of the party of the second part his successor or succes
sors according to their value to be ascertained and determined by the new amount arising
from such sale as compared with the amount arising from such sale as com-
pared with the amount of outstanding Bonds issued hereunder as aforesaid:
     And the said party of the second part after deducting from the proceeds of such sale
the cost and expenses thereof of managing said property shall apply so much of the pro-
ceeds as may be necessary to the payment of said principal and interest due and
unpaid on the residue of said outstanding mortgage Bonds issued hereunder and
not used in payment of said bid as aforesaid and shall pay over the remainder
of said proceeds to the party of the first part its successor or successors or assigns
     And in case of any such taking of possession or proceedings to sell the
                              payment of
Mortgaged premises for default of^interest only if the said party of the first part
before the Bonds shall become payable and before such sale shlal be made shall
pay and satisfy all interest therein arrear on any of said Bonds and shall also pay
and discharge all costs, expenses and disbursements and pay all said reasonable
compensation there and theretofore incurred by reason of such default the said
Trustee upon evidence thereof to his satisfaction shall thereupon discontinue such
proceedings and restore possession of the mortgaged premsies to the said party of the
first part to be held subject to these presents in like manner as if said default
had not happened.
     And the said party of the first part herein and hereby covenants and
agrees to execute and deliver hereafter and from time to time all further
reasonable and necessary conveyances to more effectually carry out the inten-
tion of these presents and particularly for the conveyance of all depot