HomeMy WebLinkAbout0648 the Successor Tn~sta shali hold the trast assea in oonGnuinj trust unW wch bene6ciary attains the aae of twenty-one years. Duri~a
such period of continuing trust the Successor Tnrstee, in his absolute discretion. may rotain the apetific trust property hercin described
if he believes it in the bat intercst of the beneficiuy so to do. or be may aell ot otherwise dispoee of such specific trust propertY.
invating and rcinvesting the pro~eeds as he may deem appropciat~e. If tl~e spociRc trust propetty shall be productive of income or if
it be sold or atherwiae disposed of. the Successor Trustee msy appi,y ar eacpeod aar or dl of tLe inoo~ae or
maintenance, education and su of the minor beoe6c' P~~ipal directly for the
pport oe6 ~ary wathout t6e intaveotion af any Nardian and without application to any
coun. Such payments of incane or principal may be made to tbe parents of sudi minor or to the person ~rith whom the mina~ is
livins without any liability upon the Successor Trustee to se~ to the application thercof. If any such minor wrvives me but dies
befa+e the aae oE twenty-one yean, at his or her dath the Suooasor Tn~stce shall deliver. pay ove~. transfer and distribute the mut
property being held tor such minor to said minor's personal representatives, absolutely.
2. I rae~ unto mysel[ the power and ~ight to rnlkct any rcntal or other income which may aoaue irom the tr~ut property (
and, in my sok discrction as trustee, either to accumulate snch income as an additan to the trust asscts beins heW hereunder or pay
such income to myself aa an itdividual. •
3. 1 raerve unto myself tlrc power and riaht at any time durina my lifetime to amend or rcvoke in whok or in part the trust
hercDy crated ~vithout the necessity oE obtainina tht ooo:ent of anr beneficiuy and w~ithout sivins notioe to any bendciary. The sale
oc other.disposition by me of the wlwk or aey part of the propeny held h~reunder shall oonstitute as to such whok or p~rt a
revocation of this tnut. • ~ ,
4. The death durina my lifetime, or in a common a«ideni or disaster with me, of all of the beneficiaria dai6nated hereunder ~
shall rewke such designstion, and in the former event, I reserve ~he risht to duianate new beneficiaria. Should i for any reason fail `
to designate such ne~v benefxiaria, this mut shall tenninate upon my dealh and the mut property shall rcvert to my atate. ~
~ S. In the event of my death or IeYal incapacity. I. hercby ~wminate at~d appoint as 5uccasor ~'rustee hereunder the beneficiary
fint above named, unkss such beneficiary be a minor or kaally incanpeten~ in which event I hercby naminate and appoint as ~
Suaessor Tnutee ~eunder tbe beneficiary wl~ose name appears seca~d aboYe. If such bene5ciuy named seoond abore sball be a ;
minor a kaally incaopeten~ thea 1 naninate and appoint u Suooessor Trustee hereunder: -
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Number Strcet City State ~
6. This Declaration of Trust shall cxtend to and be binding upon tbe heirs, e~cecuton, administraton and assi6ns of the uader-
' sigt~od and upon We Suocasors to the Tr,utoe. r
~ 7. The Trustee and his successors shall serve without bond. ~
~ 8. This Decluation of Trust shall be cautrued ard enforced in aocordance with the laws of the Sate of `
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~ IN W[TNFSS WHEREOF I have hereunto set my hand and seal this 30~ day of
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October 19?~-. • F
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(sign htre)
Wit~: (1) ~ '
w-~: tz~ ~~~r~~7~i,c ,t~.~u~,~-.~` 2C Q884 ~r. .
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~ pII *t+~_ t~.''~
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~ay nineteen hundred
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before me ~ ~ • ~ ~ - ~ .
lcnown to ~ to b~ .tbe. individwl describod in, a~ who exocuted the fore$bing instrumeat, and acknowlcdged :
that _~e ~Qctitq~36e ;am~;::~ad jn,dve form of law xknowledge the foregoing instrument to be ~ fra act j
~ aad deed aad;dqiired the saqre~~ight be ra:orded as such. i
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