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HomeMy WebLinkAbout0702 i ~ ~ tAe Successor Trustee shall hold the trust asseu in cootinuing trust until sucA bene6ciary attairts the age of twenty-one years. Du~ing such period of continuing trust the Successor Trustee, in Ais absolute discretion, may ntain the specific trust property hercin ikscribed if he believes it in the best interest at the bcneficiuy so to do; oc he rtuy sell or otf~envise dispo~e of such specific trust property, investing and reinvesting the proceais as he may deem apptoQriate. lf the specific trust property shatl be productive of income or it it be sold or othenvix disp~xed of. the Successor Trustee may apply or e=pead any or all ot We incanc or principal dirccUy for the maintenance, education and support of the minor beaeficiuy without the intervenlion oi anr ~uardian and without application to any court. Such poymenu of income or principal may be made to the parents of such minor or to ihe penon wilh whan the minor is living witAout any liability upon ihe Successor Trustoe to_ see to the application thereot. If any such minor survives mo but dies # be(orc the age of twenry-one yean, at his on c~r death the Successor Trustte shalt delive~, pay over, transfer arn1 distribute the trust ( p~operty being held for such minar to said minor~ personal rcp~escntatives, abaolutely. ~ 2. 1 reserve unto mysel[ the power and right to colkct any rcnul or othe~ income which may accrue trom the trust property t and, in my sok discretion as trustee, either to accumulate such income as an addition to the trust assets being held hcreunder or pay ( such.~~come to myself as so individual. . , ~ 3. 1 raerve unto myself the power and ~ight at any time during my lifetime to amend or revoke in whok or in pan the trust t hercby crcated yuithout the necesaity of obtainina the consent of any be~x6ciary and without ~ivins notice Io aay benebciary. The sak or other disposition by me of the whok or any put of the pmperty held hereunder shall oonuiwte u to such whok or part a revocation of this trust. . . 4. The death during my lifetime, or in a common accident or disastcr with me, ot all of the beneficiaria daignatcd hereunder . shall rcvoke such designation, and in the former event, I rcserve the ~ight to daignate new bencficiuia. Slwuld I tor any reason fail to designate such ~ew beneficiaries, this trust sha0 terminate upon my dcath and the trust property shall revert to my atate. S. In the event of my death or legal i~apacity, I hereby nominate and appoint u Suocessor Trustee hercunder the bene6ciary 6nt above named, unless such beneficiuy be a minor or legally incompetent, in which eveot 1 hereby nominate and appoint u Successor Trustee hercundet the bene6ciary whose name appean second above. if such beneficiary named secood above shall be a ~ minor or kgally incompetent, then 1 nominate and appoin~ as Successor Trustee her~eunder: ~ (N~) E . ~ ~ ~A~~ . . ~ ~ Number Strect ' Cily Stste F ' 6. This Dtclaration of Trust shall exteud to and be bindi~g upon the heirs, executon. administratars and assigns of the under- ' signed and upon the Successors to the Tr•.utee. - ' ~ 7. The Trustee and his succauo~s shall urve without bond. ~ 8. This Declaration of Trust shall be construed and rnforced in accordance with the laws of the Sute of ' { ~ Florida ~ IN WITNESS WHEREOF I have hereunto set my hand and seal this 30~ day of. ; October 19 . - , . , (sign htrt) .S. ~ Witness: (1) ~ ~ ` w'Imess: {2) `~xG ~~ih-,/,/i ~ ~ State of-~~~ , ~ G~~ y . si: ^~~r~// ~i(k/LtJL , co~ncy ar .~f' W ~ ~ On t~ day , nineteen hundred a , before me came v - ~ • : known to me to be~ ihe jndividual described in, and who executed the foregoing instrument, and~ acknowledged i that _~e exOc~d.the ~auk, and in due form of law acknowledge the foregoing instrument to be.~_ free act i and doed ~ dqitod ~the same might be recordod as such. - r - ~ ~ ~ _ ' : ~ I Y ~ " . 5 . • . • ~ (Newr se~4 } - ; . . ' ~ , ; 1'~, y.-. . . _ : Naary Pnblic . _ ~~I~tarr Pa~;,*.. S:tt~ o( F;:.: ra ai :.•-s.. _ r . ~ ~ . ~ ~ t~TlSt.t•_IOi E:~.'._ :s:.1. ~y/t ' ~ ~ :..~f !r A,-...J: ~.r~ l l.._~'n ~ . , : • '-~f~` "~;c ' ~ . . ~ ~ ~ ~~:E r ~ ~ ~°3--3.zr a ~ Y?,~,' ~ K ~ ~ . ~ ''~lrl~~, .