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HomeMy WebLinkAbout0680 ; ~ ~34 ` tAe Successor Trustee shall hold the t~ust asxts in continuing trust until sucA beneficiary attai~s the age of twenty-one years. During ~ such period ot continuing trust the Successor Trustee, irt his absolute discrction, may rctam the spec~fu trust prope~ty here~n ciescnbed if he believes it in the bcst imercst of the beneficiary so to do, or he may sell or otherwisc dispose of such specific trust property, investing and reinvesting lhe proceeds as he may dtem appcopriate. If l6r specifie Uust properly a6a11 be productive ot income or ii ` it be sold or otherwix dis of. the Successor Trustee ma or ~ posed y apply. expead any or all of tl~e income or principal dirccUy [or the maintenance, education and supp~ort of the minor beae6ciary ~villwut the i~terve~?tion ot any guardian and without application to any court. Such payments of income or principal may be made to the pareots of such minor or to the person with whom the minor is - livi~g without any liability upon the Successor T~ustee to see •to the application thereof. If any such minor survives me but dia betorc the aae of tvrenry-one years, at his or her death thc Successor Trustee shall deliver, pay over, transfer and distribute the trust properry being held for such minor to said minor's personal representatives, absolulely. 2. i reserve unto myself the powe~ and right 1o cotkct any rcntal or other income which may accrue from the trust property a~xi, in my sok discrction u trustee, eithcr to accumulate such income ss an addition to the trust asseu being held hercun~kr or pay such income to myself as an individwL 3. 1 reserve uoto myself the power and right at a~y ~iine during my lifetime to amend or rcvoke in whok or in part the trust hereby created ~rithout the necessity of obtaining the oonxnt of any beoeficiary and without 6ivins notice to any beneficiary. The sak or othet dispoaition by me of the whok or aey Q~art of the property held hereunder shall mnstiwte as to such whok or part a , revocation of this trust. - - 4. The death during my lifetime, or i~ a common accident or disaster with me, o[ sll of the beneficiaries designated hereunder ~ shaQ rcvolce such designation, and in the tormer event, I rcserve the right to desigaate new beneficiaries. Should i for any reason tail to designate such new beneficiaries, this trust -shall torminate upon my death and the trust property shall revert to my estate. S. tn the event of my death or kgal incapacity. 1 hereby nominate and appoint as Successor Trustee hereunder the beneficiary fi~st above named, unlas such bene6ciary be a minor or kgally incompetenl. in which event I hercby naninate and appoint u ; Sncccssor Trustee hercunder the beneficiary whose name appears secoed abova If such bene6ciary named secaxi above shall be a ~ minor or kgally iocompetent. then I nominate and appoim as Successor Trustee hereunder: j i ~N~~ Julius Lee, junior ~ ~A~~~_ 1702 Avenue "M" Ft. Pierce Florida ~ Number Strett City State ' ~ 6. This Declaration of Trust shall extend to and be bindins upon the I~ein, execu:ors. adm~niurators and usigns of the uoder- ! i signed and upon ihe Successors to the Trastee. i ~ 7. The Trustte and his successors shall serve without ba~d. t 8. This Declamtion of Trust shal! be construed and entorced in accordance with the laws of the State of s F ~ Flos~ida ~ ~ . ~ IN WITNESS WHEREOF [ have hereunto set my hand and seal th' 3~ ay ~ ~ October 19 0 ~ - ~ ~ - - • - ~ . ~ ~ (sign hert) ' .S. ` Witness: (1) ~ ~ . , w~: _~2~ ~00 i+~ ~ } sta`` "t- _ ~ i ss: - ----'~~"~/tk/Lt~-' _ ~ t On ~e ~I ~ day of ~U~ / , nineteen hundred an ,,e ~co~ ~ , known W me ~o~`t~%~livldua! described in, and who executed the foregoing instrument, and ~~acknowledged that _~e cf~pqut~~tb~_ _53i~to~;t~ld ii~ due form of law acknowledge the foregoing instrument to be ~ free act and deod a~ d~iii~! tlle:s~.migt~t be ra:orded as suc . / _ . ! / J . -yr.. ! I • / / Y~7~ (hala~a~j) _':j~' ?lo'ss.y S'-t a. r.~::~a a; L~.qe , , ; ,.f • NOtat~I PuWiC ~ Cc , . zs :an. 1~. 1972 . ~~I ~~~s~r.:/ ' ~ ~ ' ~ t_~ :a~ ~ ~ A."~,.• 1~.~v A l~~.a:l ~o. ~ . . . . - _ . - - , ~ . ~ " ' . ~ ~ ~ ~ . ~ e~ .