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(c1 Tha pa~wer to borrow on, .surrender, or pledge any
of such policies.
(d~ The power to exercise any option provided in any
of such policies.
ARTICLR III
Payment of Premiums
The Grantor agrees to pay any premiums, assessments,
and other charges on any insurance policies covered by this
trust; and the Trustee shall be under no duty to pay any of
such premiums, assessments, or other charges or~to keep itself
or aay beneficiary or beneficiaries informed with respect
to such payments, or to nonpayment, or to the existence of
any other facts necessary to keep such policies in force.
ARTICLE IV
Collection of Proceeds of Insurance Policies
The Trustee upon being informed as to the death of the
insured, or the earlier maturity of any insurance policies
subject to this Agreement, shall collect the proceeds thereof.
The Trustee shall have full authority to take any action in
regard to the collection that it deems best and to pay the
expense thereof out of the trust estate, but it shall not.
be required to enter into or maintain any litigation to enforce
payment of such policies until it shall have been indemnified"
to its satisfaction against all expenses and liabilities to
which it might 3.n its judgment be subjected by any action
on its part. The Trustee shall have full authority to make
any compromise or settlement witb respect to such policies,
or any of them, that it may deem expedient, and to give to
the insurance companies, and each of them, all the necessary
Z. aQOK179 ~~2~~
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