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HomeMy WebLinkAbout1207 ( . ' ~~" . '.~' '. . . . l1'.(: 6;" . .. ' ." . ." -l:~ .;.j.' t - t ' Cf~ ';;~IIt:~~~. . ,-) '7, TNt '" cell the T",.... .-....... any _~~:.au.-'Tr~ ., NIl be "... . r-tY to II'Pf ""-*" en ~ e4 ~ title or ~ to Mid ,.,1 rlt... or In c~tlon ..It+. tNt trUlt, or In UM the TruttIM ...... be ~ to ,.., ...,., _ ., ~ Ol'\ -*'"t of tNa tNM. wtwttwr on ecco\Ini of bfuch of cont'act. Injury to pertOt. or prope,Iy, fw.. or ~lft undH Wfy ... or oIhe..IM. the beneflcLwIel ~ do het<Wy jointly lW\d Mftt'.11y IQtM rtlllt tt.ey ..ill on d.mend pay to the T,....., ..Ith ~'~ at the r... of 6% per annum. .11 such dt~h 0' adva'I1cU or p.yment. ~ by the Tr\IIt.., ~ with I... .... ~, ~ ~ .ttOt'1'Wyl' f"". .nd that th. Tr\IIt.. Nil not b. call,d upon to CO'WlIY or othcrwiM dill with "Id pt'DC)e<tty at ~ time held hereunde, until .11 of laid disbu,_nl1. p.aynooenl1. .dvancea .nd e.~MI Made or incUf'r-.d by the TN''''' .....11 ....... been fuMy pe4d, ~ with Int~"t the,eon " aforftlld. Ho_'. nothing he,.in contaIned lhell be conIINe<! ., ,equi,ing the TNlt.. to ad. vanc:a or PlY OUt I/Irry MOtl4rf on account of t+.la 'ru.t 0, to prowcut. or defend .ny I~I proceed"lQ involvi'lQ thia tnat or any prope,ty or ......., the...., un'- It thall be fumllhed ..ith fund, sufficient ther.for or 0. "Iisfactorlly indemnified In ret.p<<t thereto. I, That ".,thlng herein cont.lne<I lhalt be comlr..J II impo'ing M\Y oblioaltOnS on the Tr..nl.. 10 liIe .ny Income, ptOfit or other tlJ! report. or td>odu.... it being upru\ly Ut\danlood thAt the benefici.rill hereunder from time 10 t'me will ind."i~11y ",ake .11 such ........ ~ PItY any and .11 tun gt'O'lrlnQ out of t/wir Inter.,t unde, thil Trust AQrHtNnt. t. Thet fJrr'( conttICh. obI~tlona or Indebtednest which may be Incufred or ....t"ed inlo by the T""," in ~lon with "Id rn' ....Ie mey be ent-.d Into by it in the __ of the then beneficl.,1eI t:-e,.unde" .. their .ttornry-in-fact. ~ IrtWOClbty ~ed for ..". ......... or, It the .lectlon of the Trust... In it. own neme, a. Trust" of An expr_ tru.t, .nd the TruttH .nail ~ no obliQItion '..urJW ..,;. f'IMIi<<f to any wch contrKt. obligation Of' Indolbteclnnl .~ept only 10 far at the trust ~ and fundi In the ~I\MI ~r I 'v"" T~ Nil be app!1c1We 10 the payment Md d~ thit<<>f. '10. .".....-.v ...Iing .Uh .... Trut'" Of' -rr wc.c:neor Tnnt.. in "a.tion to uid rNI eala" or 10 .....n ~ ....1 ....,. 01' any ... ......, ~ be ClnU,...d, c:ontTactM to be .:lid, ...wet Of mottMed by the Tr\II..., shell be obIiO'd to .. to the _klttlon of any ~ ~. .... << IrlOney borrowold or edv.-.ced 011 uld ....1 ..t.te. or be obliQ.d to we ~t the tenm of rhb Tt\IIt ...... bHn com. .-w with, - .. ~ to Inquir. Into the ~thorlty. noteeulty or expediency of any ~t of laid TruIt~ Of' be obllged or prhfleged to In- .... ,.. "'" of the '- of thl. Trutt Aar-nMt; and awry dNd, tN.t dnd, mortgege. Ie... or 0"* inam.nent .ucuted by the Trust.. 1ft ~~ 10 MId reel ....Ie Nil be concluslv. ..,\denu In f_ of _y perlOn relying upon or claiming under .,., Iud\ .:0. M1....IU. ...... "*'f191 << OfNr .inltNrftent, 1.1 that .t the time of delivHy the.-of, the trult c,..ted by thla TnAt Agr~t _ In full force .. effect; Ibl rtlllt IUCh corweyanc:. Of' other InstfurMnt was Illacuted In accordanc. wiril the trust.. conditIOns and hlt.flofts COI'It.lned In,. TNIt ~t and .n ltMndrftet,ts hltreof. If any. and binding upon .11 beneflcl.rle. unde, thi, Trull ,......_.t; lei ttwt the T..... ... duly autt.ind n lIl'I'lCJQ'&.red to ...ecvt. .nd delivet' ...."y such cWd, tNlt dMd. Ie.... mort.... or .... Irwttument; and ldl If. conwyence hM ...... rnde to . ~ Of tyCCMlOn In trult, that IUCh IUCCItlOr ., IUCClSIOrs in .....t hey. be.t ~ lIP- ~ _ ... ""'Iy YftIted .Ith ell the t.rte, nt.ft. right.. pl)'W9.... auttlorit.... dutln ~ obl....lons of ...., hilt _ ..~.... air 1ft fNIIt. II. Thl, Trult Agr--..t .....11 not bt pleud on rKOrd in the county in ..mich the rNI "tar. II IItUolted Of .'.........r.. but if for enr tMIOn MmI It .:I rlC'Otded. such r~ Nil not be COt\Ildered .s nollce of the rdlt. of any penon her~ derogatoty to the title or ~... of the Tl'Ult... '~ 12. The Trwt(le ""'" .t any time resign by ~ng a nota of ItI Int..-tion 10 to do by registered tn4li' to ,Jach of the !hen benefi- ciMln her5undef .t hil or her eddr." Iltt kl'lOW\"l to the Trust... Such rftionation Nil become .ff.ctive t.., da~ aft"" tn.. "..!i!!~ ')f ~'Ch nolkn Or me Tru..... in "" .....nt ot such reslgnftlon, . weCItlOr or successo's m.y be appointed by the penon or penona then entitled he~ to direct the Trust.. In the dilflOSition of the trust property, and the Trust" shall therlUl)On convey the trust propef"ty to such IUCC.-ot or a>ccusorl In trust. In the Nant that no 5YCCnlO< In trUlt II named al above provided withi" ten deys .fter the tn4lillng of such notien by the Trwt.., then the Trust.. may convey the t,ust p'ope,ty to the beneficiaries in accordanc. with their rnpective Intef"l'Sn ~, 01' the Trvn.. tn4ly, .t It. option. file. bill for appropri.t. ,.Iief in .ny court of competent iurltdiction. The Trust... notwlth- ..encIrlg euch rnigtw t lon, ....11 continue. to '-a . fl,.t lien on the t'UlI ~rty for its COItl, .llpet'I... and ..te''N'Y'' ~ and br Its .. I Il.. ~...tlon. n. TNt WWfY IUllIIllI.O., TNI," << trust... appoin'-d L.,"~r hll become fully Yftted with .11 the ..tat.. pt'OpIft*. right.. powen. trus.... dut~. and obligattont of I.... hi. or their prwdKnaor. 14. TNt in the ....ent ,,,y property shall be remaining In this trust ....anty (20 I years from this dat.. it .....11 be the ac-tlv. and affir- ~thoe duty of.-id T"*" to Mil at'd dilpOM of the ..".. .. public lIle to be held by It II .xpeditioully IS poeaIbIe and on r~ ~. v.ft~ _ 0IIl rUte ~Ie notlc. to the then beneflclarlel hereunde" .nd .fter deducting it. r..5Ot\Ib1e f... and .xpenII'S, It IIh.II dNlde ttw ~ ~ ua4' Mneflclars.. K.~lr ,...etl.... Intern.. may then appIiII'. . ~ 15. ThI'TMt ~..,,: INlI not be dMmtd to be. erNte or ..,1dInce the pl.tenc41 of . coq)Or.tlon,.dt facto w de Jute, lor . 1-',.-y=t~I., T,. .. tIIOfl.tlon In the Mtur. of . corporation. de facto 0' de jur.. or . CO-l>>rtne'Voip M Joint ado,-......."". by QJ ~ the Truene Md .... befteflcleri.. hereuncW. or by or betwlen ril. beneficlariel hereunder. this Trult Agroernent ..,.11 be dwMd to crer, onl1 '.CIlln'iIftOn.,", tNlt; eo'Id the rlghtt .nd obligations of the betwflclarl.. hert"~ ~" be Mlllly those of CO-owntfW of the eernlnQl, IY~ .net ~ 0' '~'4 r..1 "tat.. ~ blneflca.ry hereunderr ,twll hAy. .ny .uthcfity '" cont,act for or In the name of the Trutt.. or My...., benefta.ry. Of to bind .... TruttM or any ether beneflcl.ry personally. . ,~' . \...' " , I'. The Trust.'may, .t I... tole e~ procure and pey ft., public liability lnturance 10 __:and indMlnlfy ItWlt ~t ca."", of tNrd ,.,..,.. In euch ~I and In IUCh companies as It ....." re.tOI'\ebly ..Iect .nc:t det.rmine, in which pollcin of lneurll"U the benefI. c*,,- ............. lhall allo be Nmed It benetlclarift and I~.d therttUnde" .. their int.r"" INY .ppe.'; and the beneficlarift hetebo( ~t --'... to,.., to the Ttwtw'" c:om of ..n ~ upon ctem.nd. 17. TNt Trull Agr""""" contaIN the entire ~ between the p.rti.. her.to, and shall not be r.rmlnated, amonOIId or aupp!c. mented ell(ept by enot,,",r IQ,-"",t In writing duly ."K\lted by the Trust" then Kting and by .11 of the I""," ui.tlng beneflclerin ~. II, ".. Truet ~'..lt-.t thaff tdf an purpo... be dHmed to bw eJtll<ut~ under ,nd to be IubIKt to end CQnltrued In Kcordanc. ...... ... ..... and ttetut.. from time to time .Hec:tiv. and In force In the St.t. 6f Florida. 19. CQ9ie1..... Tt\lSt AGrHmlrlt Qf 1ft'( ~nt Of ~t thereto "rtifled by t.... Trust... to be trve and correct coplft of "'" or.i~1 Trutl Agn..~nt or any .....~t or ~t thento ahall be utisf<<1ory f'Video'lce thereof for 1111 ~. 20, Seid Truttee IMII r~" ,; Its ..,.,lceI In ~1nQ thl, trult ,nd in t.king ti.1e he the N"I' Qf tl907" ~ __ the IUM of ~.OO per.,." for holding title .h., the ) "t. ~ of . 19~ . .... . ...., ~ "''Nin. In rillt trult; .Iao 11"1 ~ ecNduIe 04 fHl for ceUllnG de(.dt. s, and/or other INtrumenn .. ... ~ . ..... ftwrI tlf'ne to time be NqUlrM~, ..nd It .....11 ~ /'HIll/lll~h ClImPIf\Wtlof\ .... MY tlf*ill MI"l'Ic.. which I'NV be .....n,., It ~, Of fof t.... end t.IdincI MY oth<< ~.~",.., ,*-ft~ bot dHd.d :0 It hef-Nnder. whJ<;h ,.... c-... __ t. ~l"""", .. 'l...lfWr,.. ~ jotrlIty eM~"",,, PI'f. Met It I, ~ ~ and ~ whit ... IYCh ... 11M ~tloN ...., COItIIfItute . f~ I*, ." \he ,... .t... ~properiy hn:t~, . . . \, MICROFI W ME.\fO . . Legibili-ty ,of :writing; tyPing, . or printing unsati8f~ctor;y in . .t"i'~ .dQcument: 'ior'.Dlicr~ti.1lnbig 4 J..." . ~