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HomeMy WebLinkAbout0686 ~ , : 3;,~ . the Successor Trustee shall hold the trust assels in continuin~ trust until wch beneficiary attains tl~e age of lwenty-one yean. During ~ such Feriod ot continuing trust the Successor T~ustee, in Ais abaolute discrction, may retain the speci6c trust properry hercin ~fescribed ~ if he believes it in the best interest of the Deoeficiary w to do, .or he may seU or othe~rix disposc ot such specific trust property, investing and reinvesting the proceecix as he may deem appropriau, 1f the specific trusl property shal! be praductive of income or if it be sold or otherwix d'uposed of, the Successor Tn~stee may apply or ea~pp~d any or all of We incane or principal dircetly for the maintenance, education and support of the minor beneficiuy wit6oat fhe intetvention of any suardian and without application to any court. Such payments of inrome or principal may be made to the parcnts of such minor or to the person with whom the minor is ~ living without any liabitity upon the Successor Tn~stee to see to the application thercof. Ii any such ~ninor survives me but dia before the age of tvrenty-one years, at his or her death the Successor Trustee shall deliver, pay over, tnnsfer and distribute the trust properry being held for such minor to said minor's pcrsonal representa~ives, absolutely. 2. !~eserve uoto myselt the powe~ and right to rnlkct any rental or othe~ income which may accrue from the tnut properry a~xf, in my sok discretion as uustee, cither to accumulate such income as an addition to the tnnt assets being held henunder ot pay such income to myxlf as an individual. • ~ ~ 3. I racrve unto myself the power and rigbt at any time during my lifetime to amend or rcvoke in whok or in put the uu;t hereby c~pted yvithout the necessity of obtainina the rnnsent of any benefic~ry and without siving notioe to sny bene6ciary. The sak or other dispoaition by me of the vvlwk or any part ot the property held hercunder shall oonstitute as to such whok or part a rcvocation of this wst. • 4. The doath during my lifetime, or in a common accident or disuter with me, of all of the beneficiuia daignaled hcreunder shall revoke such designation, and in the former event, 1 reserve the right 1o daignate new beneficiaries. Sl~wld i for any reason.fail ' to daignate such new benefxiaries, this trust shall terminate upon my death and the trust prope~ty shall reven to my atate. S. ln the event of my death or kgal iucapacity, t hereby naninate and appoint as Succeswr Trustee hercunder the beneficiary first above named, unlas such beneficiary be a minor or legally incompetent. in -which event [ tKreby nominato and appoint u _ Successor Trustee hereunder the bcneficiary whase name appears seoond above. If such benefxiary named second above shall be a minor or kgally incompetent, then i nominate and appoint as Successor Tnutee hercunder: (Name) . (Address) i Number Street City ' State 6. This Declaration of Trust shall extend to and be bindin6 upon the heirs, e:ecutors. adminatrators and assigns of the under- signed and upon the Successors to the Tr•.~stee. ~ 7. The Trustee and his successors shall serve without bond. " 8. This Declantion of Trust shall be construed and enforted in accordance with the laws of the State of ~ ! Florida _ i , - F IN WtTNESS WHEREOF I have hereunto set my hand and scal this 3~ day of October 1~ 70 , ~ (sign htre) ~ .S. Witness: (1) ~ ~ , ~ - ~ _ w;c~: ~2~ . ~iCi~~ a ~ 1_ ~ ~ scate o~ _ ~ ~ ' ss: _ ~'t ~'W ~!'FiLt'L'~ . Coanty•E ~w - ~t. On the ~ day of , nineteen hundred ! before me -~i - known to me to-t~e ~he individua! described in, and who executed the foregoing instrument, and -he cknowledged that -he the~~ao¢a, and in due form of law acknowledge the foregoing instrument to be ~ free act and doed ~k~o~the s~C _might be recorded as such. - ~ .~-r:'Sv t : ~ . r--.n:;r 1,? ~ j' /r'`' ~ . , r~~i ~ ~ potary pnblic ~-_2 ~ ` ' ,..~r ~ . Noiary Publ;c. S:e#c ~ , • . . j . J ' . s. o. ftx.ca ai iar;e i 1~~y Co~:~;~s t~n Er~::ret f„n. 25. 1971 % , ' _ . . . . _ _ , ~ - - - - - ~z £ ~~,--w : ~ f~ ~ : - . - ° ~ ' ' .