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Home My WebLink About0875 1 . • a ~ allocation or apportionment between income and principal of all receipts and dis- ~ bursemer~ts. The Trustee may at any time ~ or times charge all or any ~art of the ` Trustee's regular annual compena~tion a~inst the principal, reg,ardless oY any ; rule of law er statute to the contrary; ~ ~h~ To take at~y action With re- ; spect to conserving-or realizing upon the ~ value of any truat property, and W3.th re- ; spect to fQreclosures, reorganizations ~ or other--changes affecting the trust ~ property; to collect, pay, contest, com- promise or abandon deme~;~ds of or against ~ the Trust $atate, wherever situated; and ~ to execute contracts, notes, conveyances and other instruments, including instru- ~ ments containing covenants and warranties bindixrg upon and creating a charge ag~inst ~ the Trust $state, and containing provi- sions excluding personal liability; (i) To receive additional property from ar~y source and add it to and commingle it with the Trust Sstate; ~ ~ ~ To make any distribution or di- ; vision af the trust property in cash or in ~ kind or both, and to continue to exer- ; cise any pcwers and discretlon-hereu~der = for a reasoriable period after the termina- tion of the trust, but only for so long as no. rule of Isw relating to perpetuities ' would be vio],ated; { ~ (k) To allocate different kinds or ~ disproportionate shares of property o~ , j andivided interests in property among the beneficiariea or trusts, and to determi_ne the value of any such property. The Trus- tee may make ~oint investments of ~unds ~ ~ in such trusts, and may hold the several ~ ~ trusts as a common fund dividing the net ~ inccme therefrom among the beneficiaries of the several trusts groportionately; ~l~ To establish out of income and credi o principal reasonable reserves ~ for the- depreciatlon of tangible property. ; ~ ~ 2. The income payments provided to be me~de to any ' ~ beneficiary shall only be made wh~n and as such income, ? ~ after it shall tre accraed, shall be in the possession ~ ~ of the Trustee, and the payments to the beneficiaries, 3 ~ except aB pravided in Paragraph 3 of this Article II, ~ ~ shall be made to such beneficiaries in person or upon ~ their peraonal receipt, and no dispositio~, charge or encumbrance of such income or oP principal, or any part thereof, by any beneficiary, by way of anticipation, ' ~ shall be of any validity or legal effect, or ~e in any- ~ ~ , ~ ~ ~ ~ -4- - gooK159 PA~E 275 ~ ~ ~ . _ _ .s ~ ~ ~xp~,:~ y i'.~. ~~5~ S,f `~s_ ~ 3~ .1 : . a a}, ' ~ ~ 3 ~~"3~~ ~ 4°.'Y . _ ~ '