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HomeMy WebLinkAbout2521 or be obliqed or privileqed to inquirs into any of the terme of this Trustf and every deed, trust deed, mortgaqe, lease or other inetru- s ment ~ecuted by Trustee in relation to the real estate shall be conclusive evidence in favor of every person relyinq upon or claiming under any such conveyance, lease Qr other instrument (a) that at the time of i~s delivery the truat created by this Indenture was in fuli ~ force and effect (bj that such conveyance or other instrvment ~as ` , executed in accordance With the trusts, conditlons and limitations contained in this Indenture and ia bindinq upon all beneficiaries under such instrumentss (c) that Trustee was duly authori~ed and empawered to execute and delivery every such deed, trust deed, lease, mortqage or other i,nstrument, and (d) if the conveyance is made to a successor or successors in tnxst, that such succeseor or successors in trust have been appointed pmperly and vested fully aith all the title, estate rights, pawers, duties and obliqations of the predecessor in ~ truet . Any contract, obligation or indebtedness incurred or entered into by the Trustee in eonnection With tha real estate may be entered ' _ ~ into by her in the name.of the beneficiaries under this Trust, as attorney in fact, by this Deed ir~evocably appointed for such purpose, or, at the election of Trustee,, in her awn name as Trustee of an # express trust and not individually and Trustee shall have no obligation whatsoever with respect to any such contract, obliqation or indebted- ness except only so far as the trust propsrty funds in the nctual possession of Trustee ahall be applicable for its payment and dis- charge, and all persons and corporatione Whomsoever and ~hatsoever shall be charged with notice of this condition from the date of the filing for record of this Deed. The beneficiaries of this TruBt shall be William N. H. Brady, born July 1S, 1962, and 3herry Lynn Brady, born October 29, 1963, : such Trust shall continue in full torce and effect until the younger of such children reaches aqe 25s at `rhich time this Trust shall be term3nated and all income and corpus distributed to such bens- ficiaries, share and share alike. The Trustee is empo~ered in her sole and cosaplete diBCretion to apply both the corpus and the income -2- ~ ~~4 r~u~51$ I r ` ~t" .