HomeMy WebLinkAbout2170 . ;
~
~
i'
,
~
. the trust', to control the investment of the trust either by directing investm.ents ; 3
or reinvestmenis or by vetoing proposed investments or reinves:mer.ts, or to
reacquire or exchange any property of the trust by substituting other property ;
of an equivalent value. .
5. ADDITIONAL PROPERTY - The Grantor reserves tne right ~
, with the consent of the Trustee, at any time and from time to time, to assign,
transfer, deliver to, or deposit with the Trastee additional securities or ~
property, which thereupon shall become a part of the Trust and subject to i
all the terms, powers, and condiiions of this Agreemen}. ; i
~ ~
6. ACCOUNTInTG BY TRUSTEE - The Trustee, not less than •
annual~y, shall render an account of its transactions with respect to :he
Trust. s
~
,
7. COMPEITSATIOI~T OF TRUSTEE - The Trustee shall be entitled
to receive as compensatior, for its services in the administration o: the Trust,
commissions in accordance with the then published raYes of the Trustee.
,
r
8. LIABTLITY OF TRUSTEE - The Trustee ~shall not be liable for '
any loss or depreciation in the value of the trust estate occurring by reason ~
of error of judgment in making any sale, investment, or reinvestment, or in
continuing to hold in trust any property herewith or hereafter transferred to
the Trustee or any investment or reinvestment hereafter made, unless it
shall have failed to act in good faith or with reasonable care.
9. RESIGNATIO\T AZTD SUCCESSOR - The Trustee shall have tne '
right to resign at any time and upon such resignation the Trustee shall secure
the appointment of a successor Trustee by a court of competent jurisdiction at
the expense of the Trust.
10. SITUS - This Agreement shall be construed and regulated by
the Iaws of the State of Florida.
• 11. IRREVOCABILITY - The Grantor nereby declares that this
Agreement and all trusts and beneficial interests, whether vested or con-
. tingent, hereby created shall be irrevocable and that the Grantor shall
hereafter stand without power at any time to revoke, change, or annul any
of the provisions herein contained or any of the vested or contingent bene-
ficial interests affected thereby. .
;
IN WITNESS WfiEREOF, the parties have si,gned and sealed this Agreement.
Witne s as to Grantor: ' ~ ~
~ ~ (Seal) s
L -C~ H C. McDermid, Jr.
~ - ~ ( ~ ~
` Seal)
Mary Jo 1 ermid
GRAN'I'OR
Witnesses as to Trustee: FIRST NATI0~7AL BAA~K OF ~'ORT PIE;~C.E, ~
as Tru ' ?`J, . ~
~ ~ ; , ; .
By.- ` c (~V • ~ ^ - ` ~y/ ' • ~ ~ ~
. Its Vice~ resident & Trust Officer`"" ' - ;
~X.~~~~~~. .,7'G ~~~-k-- . ~ " ' ; - , - '
,
- - . ATTEST: yG~~~ , %~P`~~_~-~ ~ ' ~
Its Vice-President & Cashier =
~ $~3~~ ~~71 .
-5-
- - . -
~ ~ _ _ ..v
. - - . _~~..z~~