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1RUST AQtEBMBNT
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TRUST AGREBMENT, Made this aS day of May, 1959, be-
} tween J, P. (~tAF, hereinafter called the "GRANI~OR", and ST. LUCIB
~ f c 11 d the
COUNTY BANK, a Florida banking corporation, hereina ter a e
'~1RUSTEE" .
1. The Grantor does hereby transfer and deliver to the Trus-
` tee thc ~roperty listed in the schedule annexed hereto, to have
` and to hc:d th same and any cash, securities, or other property
which the Trustee may pursuant to any of the provisions hereof at
any time hereafter hold or acquire, all of such property being
1 hereinafter referred to collectively as the trust estate, for the
uses and purposes and upon the terms and conditions herein set
i forth.
2. The Trustee shall hold, manage, invest and re-invest the
~ trust estate and shall collect the income thereof and dispose of
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+ the net income and principal as follows:
I`: (a) During the lifetime of the Grantor the Trustee shall pay
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~ to the Grantor in quarter annual installments all of the net in-
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~ ~ come of the trust estate.
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~ (b) Upon the death of the Grantor the Trustee shall herein-
~ after apply and distribute the trust es*ate as follows:
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~ (i) Trustee to accumulate and add to the corpus,
~ invest and re-invest the net income of this Trust un-
' til PATRICIA MARIB (~tAF, daughter of the Grantor, hereby
named the beneficiary, and hereinafter referred to as
i such, reaches the age of 21 years, at which time she
~ shall be aid one-fourth (1 4) of the net income for
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the year preceding her attaining the age of 21, and
~ sha11 be paid one-fourth (1/4) of the net annual income
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~ each year thereafter until she reaches the age of 25, at
~ which time she is to receive one-half (1/2) of the net
~ annual income annually until she reaches the age of 30,
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at which time she is to receive three-fourths (3/4) of
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~ 1 M. SAMttE
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