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the trust, to control the investment of the trast either by directing investr.ien~s ,
or reinvestments or by vetoing propos~d investments or reinvestr.zents, or to
reacquire or exchange any property of the trust by substituting other property
of an equivalent value. , .
5. ADDITIONAL PROPERTY - The Grantor reserves the rigyt '
with the consent of the Trustee, at any time and from time to time, to assign,
transfer, deliver to, or deposit with the Trustee additional securities or ;
property, which thereupon shall become a part of the Trust and subject to .
all the terms. powers, and co:~ditions of this Agreement. ~
6. ACCOUNTTNG BY TRUSTEE - The Trustee, not less tnan
annually, shall render an account of its transactions with respect to the ~
Trust. ;
7. COIIIPEI~SATIO\ OF i RL;STEE - T: e Trustee shall be entitled ~
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to receive as compensation for its services in the administration o: the Trust, : 1
commissions in accordance with the then published rates of the Trustee.
8. LIABILITY OF TRUSTEE - The Trustee sr.all not be liable for
any loss or depreciation in the value of the trust estate occurrir.g by reason
of error of judgment in making any sale, investmen~, or reinvestment, or in ;
continuing to hold in trust any property herewitc. or herea:ter 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. RESIGNATION AND 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
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, the expense of the Trust. j
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10. SITUS - This Agreement shall be construed and regulated by +
~ the Iaws of the State of Florida, s
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11. IRREVOCABILITY - The Grantor hereby declares that tnis
Agreement and all trusts and beneficial interests, whether vested or con- ~
tingent, hereby created shall be irrevocable and that the Grantor shall 5
~ hereafter stand without power at any time to revo~e, change, or annul any i
of the provisions herein contained or any of the vested or contingent bene- ~
ficial interests affected tbereby, ~ ~
, I1V' VVI~1~'ESS WHEREOF, the parties have signed and sealed this Abreement.
wizne1 es as zo ~„rauiur: . ;1 ~
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< k- C .~-z--~ H C
McDermid, Jr.
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~1~Iary Jo lA. ermid ~
GRAITOR
Witnesses as to Trustee: FIRST I~TATI0IAL Bt~iNK OF FOR ~ PI~RCE; .
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as Trus - ~ . , ,
LL%C.~-- B G ' . _ = - .
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Tts Vice-President & T st Officer ~
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ATTEST: _
Tts Vice-President & Cashier `
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