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HomeMy WebLinkAbout2264 . , the Successor Trustee shall hold 1he trust assets in continuing trust until such beneficiary attains Ihe age of twenty-one years. During such pe~iod ot continuing trust the Successor Trustee, in bis abaolute discretion, may reuin the specific trust property herein described it he believes it in the best interest ot the beneficiary so to do. or he may sell or otherwise dispose oi such specific lrust property. inves~ing and ~einvesting the proceeds as he may deem appropriate. lf the specific trust property shall be praciuctive oi income or if it be sold or otherwise disposed of, the Successor Trustee may apply or ea[pend any or all of 1he income or principal direc~ly for the maintenance, educatio?~ and support of the minor benefxiary wilhout the intervention o[ any guardian and wilhout app?ication to any court. Such payments of income or principal may be made to the parcnu of such minor or to Ihe person with whom the minor is liv:ng without any liability upon the Succcssor Trustee to see to ~he application thercof. If any such minor survives me but dics be(ore the age of twenty-one years, at his or her death the Successor Trustee shall deliver. pay over. transfer and dist~ibute the trust property being heW (or such minor to said minor's personal rcprcsenlatives, absolutely. 2. 1 reserve unto mysetf the power and right to rnllect any rental or other income which may accrue trom the Irust property and, in my sole discretion as trustee, eilher to accumulate such income as an addition to the irust sssets beina held hereunde~ or pay such income to myselt as an individual. 3. I reserve unto myself the power and right at any ~ime during my lifetime to amend or revoke in whok or in part the trust hereby created yvithout the neceuity of obtaining the consent of any bene6ciary and without giving notice to any beneficiary. The sak or othe~ d'uposition by me of the whok or any part of the property held hereunder shall mnstitute as to such whok or part a revocation of this trust. ~ 4. The death during my lifelime, or in a common accident or disaster with me. of all of the beneficiaries designated hereunder shall revoke such designation, and in the tormer event, i reserve lhe rigtiit to dsignate new beneficiaries. Should i for any reason fail to daignate such new beneficiaries. this trust shall terminate upon my death and the trust property shall revert to my estate. S. in the evcnt of my death or legal incapacity. I hereby nominate and appoint as Successor Trustee hereunder the beneficiary fitst above named, unless such beneficiary be a minor or kgally incompetent1 in which event I hereby nominate and appoint as Succasor Trustee hercunder the benefxiary whose name appears second above. If such beneficiary named second above shall be a minor or kgally incompetenl. then I nominate and appoint as Succeuor Trustee hereunder: (Name) - chery~~ied c~uenther,~y na~~ohter~ (Address)~~00 YaQht C~Lb H7vd.~ xt. r~LderaAl ~ Ntiarida Number Street City St~te 6. This Decluation o( Trust shall extend to and be binding upw~ the hein. executon, administrators and assig~u of the under- ! signed and upon the Successors to the Trustee. ~ 7. The Tnutee and his saccasors shall serve without bond. . 8. T6is Declaration of Trust shall be construed aod cnfwced in accordance with the Iaws of the State of Floride . ~ . ~ IN Wl'TNESS WHEREOF I have hereunto set my hand and seal this 15th day of -~Deaembe~ 1g67. . , ~ ~ ~ ~ri ~ .S. ~ FIIE 0 REC ~ Wimess: ST. ~ ROED ~ ~ CC~UP~TY - ~w~ ' ~~f ~F~A. ~ w;m . c -166913 r; . . '68 ~~1Y 8 i2: ~ ~ ~ ~ , i~ ~~~G~!'^ I ~ Cpuntjr c~f / Olbt ~~Q~ as. C : C) _ G : , ~ S LERK crR,~u1 ~ cov~~` ~ On tha d~ ~C~-°~ ninetcen hundred ana s~ , _ ~ • ~ ~ ~ before me came . ~ known to ~;tp _h~,~e individual described in, and who eaecut~d regoing ins ment, and _he acknowledged ~ that _~~`e~ecuted:t~same, and in due form of law acknowled foregoing instrument to be free act ~ aucl ~4-t~ad ~'esited; tbe aame might be rooordod as such. ~ .~l , ` U 1. L f ~ • -~~ry . _ r? ~ j ~ Notary Public ~ ~ . ~ L.. NOTARY Pi1BU~ STatE << F1031~a ~t taR~~ ~ ~ , {1 MY COMlNiSSW~ ExPIRti lutY l3. 14u3 ~'J / 2 ~ n ~ ~O ~ ~OND[D IMROUGN FNED W. DltyiLlNO,IYT 1 a - ~ _ - - - - - - , ~ ~ _ . _ _ _ ~ _