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HomeMy WebLinkAbout0684 - - ~ ~~?'..l:j~ the Successor Trustee shall hold the trust asxts in continuing trust until such beaeficiary attains thc age of twenty-one years. During such period of continuing trust the 3uccessor Trustee, in his absolute discrotion, may rclain tht specific trust properq herein described if he believes it in the best interest of thc beneficiary so to do. or he may seU oc othenvise dispose of such specific trust prop~rry, investing and reinvesting the proceeds as he may dcun appropciate. If the speci6c trusl property s6aU be produclive of incane or it it be sold or otherwix disposed of, the Successor Trustee may appiy or ea~pend any or all of the incame or principal di~ceUy for the maintenance, educatiort and support ot the minor beaeficiary aitbout tbc intervention of any guardian and without application to qny court. Such payments of income or principal may be made to the parents of such minor or to the person with whom the minor is , living without a~y liability upoo the Successor Trustee to ste to the applicatio~ thercof. If any such minor survives tne but dia bofore the age ot tweaty-one years, at_ his or her dpth the Succesw~ Trustee shall deliver, pay over, transfer and distribute the tnut property being held for such mi~wr to said minor's personal representatives, absolutely. " 2. I raerve.unto myself the power and right to colkct any rcntal or other income which may accrue from the trust property ~ and, in my sok discretion as trustee, either to accumulate such income as sn addition to the trust assets being held hereundcr or pay such income to myself as an individual. ~ 3. I raerve unto myxlf the power and right at any time du~ing my lifetime to amend or rcvoke in whok or in part the trust ~ hercby created yvithout the nectssity of obtaining Ux consent of any beneficiary and without Sivina nalice to any beneficiary. TIK sak ~ or other d'apoaition by me of the whok or any part of the property held hercunder shall rnnstiwte as to such whok or parl a ~ ~ revocation of this Uust. • • ~ 4. The death duri~g my lifetime, or in a common accident or disaster with me, ot all of the beneficiaries daignated hereunder ~ shalt revoke such designation, and in the former event, 1 reserve the right to designate new beneficiuies. Should i for any reason (ail to designate such new bencfxiaries, this trust shall termioate upon my death and the trust property shall reve~t to my estate. ~ S. In the evrnt of my death or kgal incapacity, 1 hereby nominaie and appoint u Suct.~essor Trustee hereunder the beneficiary first above named, unkss such beneficiary be a minor or legally inoanpete~t, in which event I hereby naninate and appoint as I Successor Trouee hercunder the beneflr.uy wlwse nune appears second above. If sucb beneficiary named seoond above shall be a minor or kgally incompeten~ then I nominate a~ appoint as Succawr Trustee hereunder. ` . ~ i (N8~1C~ - ~ i (Address) Number Street Cit ~ Slate ~ Y j 6. This Declaration of Trust shall exteod to and be bindins upoa 1he heirs, exceutors, administraton and assiy~s of the under- ~ signed and upon the Succeswrs to the Tr.utee. ~ ~ 7. The Tnutee and his successors shall serve ~vithout bond. ~ 8. This Declaration of Trust shall be construed and entoroed in accordance with the laws of the State of i Florida - . I ~ - IN WI?NESS WHEREOF [ fiave hereunto set my hand and seal this 3~h day of ! E October lg 90 . + . ~ S. (si n her~) ~ ~ ~ Witne.ss: (1) ~ ° ~C./ ' w;mess: (2) j~Q~~r ~Q State of - ~ _ TIIV? ~it~~ ~ County o~~ ~ ss: ~ ~ ~ On ~e day of , nineteen hundred , before me came _ ~ ' known to me, iv ` d~e ~ i~div#dual,described in, and who executed the foregoing instrument, and cknowledged that -hF.~~~r~_th~sa~tte,,~ast# in due form of law acknowledge the foregoing instrument to be free act aad dooc~.~~~tsjt~ed`~he`Ss~c mi~ht be recorded as such. : `1 ` ; ~ • ~ . ~i~ ~ ~ . ` , Notary Public ~ i i ' . t,^ - ' . , ? ; • ~ ;i~= r ~ ' ' Notary P~'~I~c. Strie of fiar:da at la;gt " , • '~6~(~~ ~ ~ 1,iy Co:~.:;~>:;,: E:pires 13a. 25, 1972 , c-. : ~ . . . - ~ ~ m ~ ~