In trust nevertheless, and these presents are upon the follow-
ing express condition, that the said Roadway, its depots
stations, equipment, franchises and appurtenances shall be allowed
to remain in the undisturbed possession of the said party of the first
part its agents and officers until such time as default shall
be made by the said party of the first part in the payment of
the principal and interest of any of the bonds herein before
recited, but if any such default shall at any time be made, then
and so soon as it shall any time occur, that a sum equal to
one years interest on the whole of the bonds at that time outstanding
shall remain due in arrear and unpaid, then in trust that
the said parties of the second part shall immediately and
without any judicial process whatsoever, enter upon and
take into possession the said Roadway with all its depots
stations, equipment, appurtenances and franchises, and wither
sell, lease or otherwise dispose of the same in such manner
as shall in their opinion most conduce to the ultimate bene-
fit, advantage and security of the bond holders, And the said
party of the first part hereby covenants and agrees peaceably 
and quietly to surrender the possession of all the above
described property, and that the said parties of the second 
part shall without let hindrance or molestation be permitted
to enter upon and enjoy the whole of the above mentioned
property and to receive the rents and profits thereof, and
dispose of the same in such manner as the said parties
of the second part may in their discretion determine
And as to all the other property herein conveyed, including
as well the said town lots embraced within the plans of
the towns of Fernandina and Cedar Key, as well as all lands
lying along the line of the said Road, In trust that the said
parties of the second part shall from time to time as may be
required by the said parties of the first part execute leases, deeds
                                             or parcel
and other conveyances of the same or any portion^thereof, at
prices not less than the appraised prices or values of each
particular lot or parcel of said land as hereinafter pro-
vided for, and shall receive the purchase money for the
said lands where sold, and the said rents, when leased
or otherwise conveyed (provided however that the said
parties of the second part shall not be at liberty to
make titles for any portion of said land until the en-
tire consideration money shall have been fully
paid to them) and with the proceeds of said sales
and leases to pay first all the expenses of the man-
agement of their trust, in which expenses are contempla-
ted to be embraced the salaries of such resident or other
agents as the said parties of the second part may find it
necessary to employ, and also all necessary expenses of surveys
examinations, locations and appraisements of lots, with
the surveying, marking out and numbering of Blocks
Streets and lots in the towns of Fernandina and Cedar
Key. Secondly to pay the interest on the above described
bonds, or such of them as may remain due and outstanding
from time to time, as the same may become due and