HomeMy WebLinkAbout2184 _
~
~
i
. the trust~, to control the investment of tne trust either by directing investmer.~s ,
or reinvestments or by vetoing proposed investments or reinvestmer.ts, o: to
reacquire or exchange any property~ a~ the trust by substituting other proper~y '
of an equivalent value. ; ;
5. ADDITIONAL PROPERTY - The Gran:or reserves tne rig:~t ~
with the consent of the Trustee, at any time and from time to time, to assig.l, '
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 conditions of this Agreement.
~
6. ACCOUNTII~G BY TRUSTEE - The Trustee, not less than ;
annually, shall render an account of its transactions with respect to the •
Trust. ~
7. CO\IIPEI~SATTOI\ OF '~'RUST~E - The Trustee shall be entitled ~
to receive as compensation for its services in the administration o: the T: ust, `
commissions in accordance with the then publ;shed rates of the Trustee.
8. LIABILITY OI~' TRUSTEE - The Trustee shall not be liable for
any Io~s or depreciation in the value of the trust estate occurring by reasor.
of error of judgment in making any sale, investment, or reinvestmer~t, or in
continuing to hold in trust any property h~rewith or hereafter transferred to
, tl~e Trustee or any investment or reinvestment hereafter made, unless it
shall have failed to act in good faith or witn reasonable care. ;
9. RESIGNATION A1~D SL.'CCESSOR - TY~•e Trustee shall have the '
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. ~
;
;
j 10. SITL'S - This Agreement shall he construed and regulated by !
~ the laws of the State of Florida.
11. IRREVOCABILITY - The Grar.tor hereby declares thaY this
~igreement and all trusts and beneficial intere~ts, wr.ether 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 anni:l ar.y
of the provisions herein contained or any of the vested or contingent bene-
ficial interests affected thereby. '
~
IN WITNESS WHEREOF, the parties have signed and sealed this Agreement. `
;
. ;
,
Witnes es as to Grantor: ~ ~
~ . l1 ~ ~ (Seal) '
~ . Y . ~ ' V _ _ - _ .
G ~i. C. McDermid, Jr.
~
~t '
~ ,
~ . 1c~i,~ 1 , 1} #
_ lliary Jo llic ermid ~
= GRAI~TOR ~
~ ,
~ FIRST 1\ATIO'\AL BA1\K OF FORT PIERCE, ~
~ Witnesses as to Trustee:
;
~ ' as Trust {
~ ~ , / ~ D~-~"l/ - ~ '
C BY ~ -
~ . Its Vice-Pr sident & Tr~ist Officer._ ~
.
k ~ ~C ' ~a~~~ ~
~ :
~ ATTEST• ~'~~~~1-~ ~
~ Tts Vice-President & Cashi,er ~
~ -
~ •
~ ~ a~181 ~2~.~5
: _ -5-
~ - -
~ . x
~ ~