◆ SpookStack

. 2 Us - - July 31, 2957, then title to the Ships shal) be transferred te. the Government as of said date, Coated ‘-(b) ° The Ships transferred to the Government as of | _ - oe ; duly Dy 1956, or July a, 1957, as aforesaid, or under Article ne IV (b)(4) and (44) hereof, shall, if operating at the date of ae : transfer, be transferred in good operating condition, ordinary nee wear and tear excepted, ‘ Any Ship not operating at the date of * transfer shall be returned in a condition comparable to ite ki aed a ru od present condition, ordinary wear and tear excepted, The Ships shall be transferred free end clear of all liens, except presently existing mortgage liens as reduced by current payments, | whether held by the Maritime Administration or by any of the - "private mortgagees named in Appendix E, The Ships shall include ' the furniture, furnishings, tackle, apparel, equipment, and ‘ other appurtenances, including, but not limited to, ‘sonsunable 4 +e + —_ Bijcion Fis at “gtores, and spare parts, aboard at the time of ‘transfer, and att” the Shipower agrees not to remve any of the foregoing items , in anticipation of the transfer. Effective on the transfer of title to the Ships to the Government, except with respect to past due and unpeid instalinents of principal and interest, - -the Governnent will release and cancel all indebtedness which may then be due to the Goverment which 1s secured by the ok 7 Maritime mortgages on any of the Ships so transferred, end ne the Governrent will thereupon release and cancel all Govern= | —_ 8