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or settlement with respect to such policies, or any of them,
that it may deem expedient, and to_give to the insarance companies,
and each of them, all the necessary and proper releases and
acquittances sad full discharge of all the liabilities under
such policies. No imswCmnt~4 CDmpanY whose policy or policies
shall be deposited riarevAder and who shall make payment of the
proceeds thereof to the ~rnstee shall be required to inquire
into or take any notice of any of the provisions of this Agreement
or to see to the application or disposition of the proceeds
of such policies, and the receipt of the Trustee to any such
insurance company shall be effectual to release and discharge
it from any payment so made and shall be binding upon every
beneficiary of the trusts created.
ARTICLE V
Diapositive Provisions
The Trustee shall hold, manage, invest and reinvest the
trust property and shall collect the income thereof and dispose
of the net income and principal as follows:
(a) During the lifetime of the Grantor, the Trustee shall
pay to the Grantor all of the income in annual or more frequent
installments. Sowever, if at any time the Grantor should become
incompetent or for any reason be unable to act in his own behalf,
the Trustee may in its discretion pay to or apply for the benefit
of the Grantor the net income of the trust, and in addition,
the Trustee may in its discretion pay to or apply for the benefit
of the Grantor such amounts from the principal of the trust,
up to the whole thereof, as the Trustee from time to time deems
3.
1001I~~ PACEr.V~7
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