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and in such manner as said beneficiary may appoint by his Last Will and
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Testament, provided this power of appointment is specifically referred to by
the terms of such Last Will and Testament.
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(e) _ If the named beneficiary dies before attaining the age of twenty-one ;
(21) years (or the age of thirty (30) years, if this trust is extended pursuant ~o ~
~ provisions of Sub-Paragraph (c) of this Paragraph), without validly exercising ~
. the general testamentary power of appointment referred to in Sub-Paragraph (d) . '
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of this Paragraph, this trust shall terminate, and the entire trust estate as :t :
shall then exist, both principal and income, shall be paid and distributed to the ?
benefit of said beneficiary's brother, HOWARD CALVIN McDERMID, II, and E'
sisters, STELLA BRICE McDERMID and MARY BETH McDER1lIID, or to their
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surviving issue, per stirpes, share and share alike, in the manner following; '
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If First National Bank at Fort Pierce is then Trustee under
~ a Trust Agreement for the benefit of such contingent beneficis.ry,
that beneficiary's share of this trust estate shall be added to the
corpus of the trust then being administered for such beneficiary;
otherwise, the share of that contingent beneficiary shall be dis- !
tributed directly to the beneficiary entitled thereto. !
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3. TRUSTEE'S POWERS - In addition to the powers conferred
upon the Trustee by statute, the Trustee shall have the following express
powers, exercisable in its sole and absolute discretion, with respect to all
property, whether principal or income, at any time coming into its hands,
whether by purchase or in any other manner, and every power of the Trustee
shall continue with respect to any property until the execution of every Trust •
' and every power in trust with respect thereto shall have been completed by '
~ the actual and final distribution hereof under the terms of this Agreement: !
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4 (a) To receive additions to the trust estate by will, gift or other- ;=j
wise, and to hold and ad~inister the same under the provisions hereof.
~ (b) To sell, exchange, transfer or convey all or any part of the ;
~ trust estate upon such terms and conditions as the Trustee shall see fit, and i
~ to invest and reinvest the trust estate in such personal or real praperty, :
including real estate, undivided interests in real estate, loans, stocks, I.
~ bonds, or otber securities, mortgages, common funds, interests as a
~ partner in the trust capacity hereunder, in any partnership or sole pro- `
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~ prieivrbnip ~i any Uusinesb anu ~i.ner suojecis oi investimeni a5 LV 1 ru5i.ee
may seem suitable or desirable, and to change investments and make new .
investments, from time to time, as to it may seem necessary or desirable, ;
~ regardless of whether or not any thereof are so-called "legal invest~ents
of trust funds" under the constitution or law of any state or rule of any court. _
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(c) To improve, repair, lease, rent for improvement or other- `
~ wise, for a term beyond the possible termination of the trust, or for any t
~ less term either with or without option to purchase, and to let, exchange, ~
~ release, partition, vacate, dedicate or adjust the boundaries of any real ;
~ estate constituting a part of said trust estate. ~ ;
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~ (d) To borrow money for such tizne and upon such terms as Trustee ~
shall see_ fit, without security or on mortgage of any real estate or upon ;
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