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HomeMy WebLinkAbout0668 . i. ~ ::..~~J-.,i~F the Succasor Tnntee shall hold the trust sssets in oontinuin~ trust unti! such bene6ciary attains the aae of twcnty-one years. Durin` such period of continuins trust the Sucoessor Tn?stee, i~ his absolute discretion. may ntain the speci6c trust propeny hercin dacribed if he believes it in the Dat intsrat of the beneficiary w to do. or he msy seU or otbernri~o dispo~e of such specific vust property. ~ investing and rciovestina tAe proceeds as he may deem appropriate. If We speci& trust ptoperqr s6all be productive of income or it it be sold or otherwix d'aposed of. the Successor Trustee mayr spptr or eatpend any or all o[ We income or principal dirtctly for the mainteoance. educatioo and support of the mirwr bene6ciary ~ritbont tbe idterva~tioo of any suardian and without appliqtion to any court. Such payments of income or principal may be m~de to tbe parents of wch minor or to the person writh wl~om the minor is living writhout any liability upon the Successor Trustee to soe to the applicatan thereof, if any wch minor survivrs me but dia before the age of twenty~one yars, at his or her death ttk Sucoes~ Trustee shall deliver. pay over. transfer and distribute the trust property beina heW for such minor to said minor's pe~sonal rcpresentatives, absoiutely. 2. i reserve unto myseli the power and risht to rnlkct any rcntal or other income which may accrue from the trust property and, in my sok discrction u uuuee, either to aceumu4te such income as an addition to the trust assets beina heW hereunder or pay such incane W myself as an individwL . " 3. I raerve unto myself tlrc powe~ and risht at any time durina my _lifetime to amend or revoke in whok or in part the uust hereby created yvithout the necessity of obtainin~ the conseat of any bencGciuy and ~ritMwt pvios notioe to any benet~ciary. TIk ssk or ot~er disposition by me of the w~hok a any part of the prop~erty held hereunder shall oonstitute as to such whok or part a rcvocation of this vuu. - . 4. Tbe death durina my lifetum, or in a common accident or diszster with me, ot afl of the bene6ciuies daianated hereunder shall revoke wch designation, aod in the former event, I rcserve the. ritht to dai~ate new beneficiuies. Should i for any reason fail ~ to designate such new beneCxiaria, t6is m~st ahall terminate upon my death and the trust property shall rcvert to my estate. ~ S. In the event of my death or ksal incapacity. I hercby nominate and appoint as Sueoasor Trustee hereunder the beneficiary , first above ~amed, unless wch bene&iary be a minor or kgally inoanpetent, in ~rhich event I hereby naninste and appoint u ` Suooasor Trustee 6aeunder ~he beneficiary whose name ~ppars aecond above. If wch beneficiary oamed sec~ond above sbaU be a ~ minor or kplly ;ncaapetent, then I nominate and appoint as Succwor Trustee hereunder: . ` (N~) (Addre~) . . Number Street City State ~ , ; 6. T6is Declaration ot Trust shall extend to and be bindina upon the heirs, executors. administcatas and assip~s of tbe under- ~ signed and upon the Successou to the Trrstee. _ ~ 7. The Trustee and his succasors shall scrve without ba~d. ; E 8. This Declaration of Truu shall be construed aod enforced in auordance with the laws of the State of ~ Tlorida - f ~ ~ ~ IN WITNESS WHEREOF I have hereunto set my hand and seal this 30t1i day of October lg 70 . ~ . (sign here) w;t~ss: t 1) - t w'ioness: (2) ~~i~~(~(~( ~~4~.. ' i • ; State ~ P~~'~/~(~ • ~ ~ ~ ~ ti: / _ ~ ~ ~ i ~ pn r1~_ da of ~ , ninetan hundrod ~ ~ . e I~~. ~ known to me tp ,~e tbe individual described in. and who executed the foregoing instrument, and _he knowled that _J~a eX~Cqd tbe, same~ and in due form of law acknowlodge the foregoing instrument to be ~ free act and doe~l`.~~it~ed tb~•saa~e niight be rceorded aa such. r - ' ' ' ~~~r. ~'w y 1. ~ W~'~l~'!i z : , ~ ~ • . ~ Notaty Publlc . . Notarr Du~!:c, S:atc o) Fi.~r.ia at la ;c - ~ f.tY C~::::~ ~5:~:,f, E:,,:~c~ 197"t e: t, _ ; ~ c....t. c.,. . ~ ' ~~~`,~^2"r~ .~y"'-'~~'5' ' • - - I I ~ ;a~==7" ~ ' ~ < ~ '~7.