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HomeMy WebLinkAbout0682 < < j x~ ~ , ~ ` the Successor Trustee shall hold the trust asxts in continuing vust unW such betKficiary attains the age of twenty-one y~ars. During such period of continuing trust the Successor Trustee, in his absolute discretion, may retain the specific trust property herein described if he believes it in the best interat of the bene6ciary so to do, or he,may sell or otherwist dispose of such specific trust pmperry, investing and reinvesting the proccecls as he may deem appropriate. If lhe spocific trust property shall be productive of income or it it be sold or othervrix d'upoxd of. the Successor Trustee msy apply or expeod any ur all of t6e incane or principal diraUy (or the maintenance, cducation aod support of the minor beaetciary w~ilhout the interventio~ of any Euardian and without application to any court. Such p~yments of income or principal may be made to the pareots of wch minw or to the perwn with whom ~he minor is living without any liability upon the Successor Truslee to s~e to the applipuion thereof. It any sucfi minor survives me but dia before tl~e agc of twenry-one years, at his or he~ death the Successor Trustee shall deliver, pay over, trans(er and distribute the trust properry being held for such minor to said mitar's personal rcpresentativa, absolutely. 2. 1 ~eserve unto myself the powe~ a~ right to colkct any rcntal or aher iocome which may accrue from the trust property and, in my sok discretion as trustee, either to accumulate such income u an addition to the trust asscts being heW hereunder or pay such income to myxlf as an individual. - 3. I rcserve unto myself the power and right at any time during my liktime to amend or rcvoke in whok or in part the trust ~ hercby created yvithout Ihe necessity of Obtainina the oonsent of any btneficiary and without siving notioe to any beneficiary. The sak or other dispoaition by me of the whok or any pon of the property held hercunder shall wnstitute as to such whok or part a rcvocation ot this trust. . 4. The death during my lifetime, or in a common accident or disaster with me, of all of the beneficiaria daianated hercunder _ shall revoke such designation, and in.the former cvent, I reserve the righi to daisnate new beneficiuies. Should I tor any rcason fail to daignate soch new beneficiaries, this trust shall terminate upon my death and the trust property shall rcvert to my atate. S. ln the event of my death or kgal incapacity, I hercby nominate and appoint as Successor Trustte hereunder the bene6ciary first above named, unlas sucA beneficiary be a minor or legally incompetent, in which evenl 1 henby nominatt.and appoint as Succasor Trustce hercunder the beneficiary whase name appears second above. If such benrficiary named second above shall be a minor w kgally incompetent, then I nominate and appoint u Sucoessor Trustee trcrcunder. , ~N~~ (Address) - Numbtr Street City State 6. This Declaration of Trust shall extend to and be binding upon the hein, executors, administratas and usigiu of the urlder- signed and upon ihe Successors to the Tr.utee. ~ 7. The Trustee and hit succestors shall serve without ba?d. ~ 8. This Declaration of Trust shall be construed ard enforced in accadance with the laws of the State of f ~ Florida ! 1N WITNESS WHEREOF 1 have hereunto set my hand and seal this -3~ day of October lg 70. ° , ' n htr '~i/ .y/~ Witne.ts: (1 w witness: (2) ,~~-/~G ~.~ZG~;C,I.~ ~~NGI~~~ ~ ' ~ ~ s~ ~ _ ~ - ~ connty o~ • ` ~ ~ On th~ J day of , nineteen hundred and~L~ ~ ~ ' beEot+e me came 1.,. t~?~~ known to me tp bo:th~ '~eldividual ckscribod in, aoc} who esecutod the foregoing instrument, and -he acknowledged that -he oXe~1~ tbe ~s6~, ;nd in d,~e form of t~wr-a~knowledge the foregoing instrument to be free act . and deed aed _dtsiraci ~tbc~ sa~ge mi~t be recorded as such. _ ~ - : , ~ ~ . - ~ (N~, ~ . = Notary Public 0 R QQ Q Notary Pu~':c. St~te o1 Ftara,:e ~t .e , r ~ - ' ~QaX~VV ~`J~ 1L~y for,.,,:;ssi~n ~z~%res :aa. 15. iiil . . ~ • . i.,-.:u i~ A.e..c., f.;~ A Cr..a.`r Ce ~~.~''~G ~ f . . . . . _ - . . _ ~ . ~ ~~~.,is`,- „r*--< §s _ 'r= _ ~ _