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HomeMy WebLinkAbout2145' i ,~ and paid over as she shall by her Last Will and Testament appoints provided, that no provision in any Last Will and Testament of the Grantor's said Wife shall constitute an appointment of any such trust property unless such provision shall be an express reference to the power of appointment given to her by the terms and provisions of this agreement. The power of appointment granted to the Grantor's said wife shall be exercisable in favor of her estate or any one or nwre persons, corporations, or other organizations and. shall be exercisable by her alone and in all events. In disposing of the principal of the trust, the Trustee shall be protected in relying upon an instrument admitted to probate in any jurisdiction as the Last Will and Testament of the Grantor`s said wife, or, in acting upon the assumption that she died intestate in case the Trustee has no notice of the existence of a will of the Grantor's said wife within ninety (90) days after her death. (4) If the power of appointment granted to MARY L. VINEYARD Hader the terms of subparagraph (3) above for any reason is not validly exercised in whole or in part by the Grantor`s said wife, then upon her death, such portion of the principal of the 'Mary L. Vineyard Trust" as shall not have been validly appointed by her shall be added to and became a part of the principal of the "Vineyard Family Trust", to be held, administered and disposed of in accordance with all of the provisions in this agreement governing the "Vineyard Family Trust". 9. g~K~?9 X2143 __.~