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HomeMy WebLinkAbout0706 ~ . ' ~ ; tAe Successor Trustee shall hold the trust assets in continuinj trust until suc6 bexficiary attains the age of twenty-one years. During such period of continuing trus! the Soccessor Trustee, in his absolute discrction, may retain the speci6c trust prope~ty herein described i[ he betieves it in the best interest of the beneficiary so to do. or Irc tasy seU or othenvise d'apome of such specific trust properly. investing and reinvesting the proceeds as he may deem appropriate, lf the spoci('ic tn~st propaty sltaU be productive ot income or it it be sold or othervvise disposed uf, the Succcssor Trusiee may apply or ea~pad any or all of q~e iacane or principal directly tor the maintenance, education a~xi support of the minor beat6ciary without~the iMerveotioe of any auardian and w~ithout application to any court. Such paymenu of income or principal may be made to the puents of such minor or to the person with wAom the minor is living without any 1"ubility upon the Successor Trustet to see to the application thercof. [f anY such minor survives nee but dia beforc the age of twenty-one years, at his or her dcath the Successor Trustee shall deliver, pay over, transfer and d'atribute the trust 'groperry being held for such minor to said minor's personal npresentatives, absolutely. 2. 1 resetve unto myself the power and right to colkct any rcntal or aher income which may accrue from the trus~ property and, in my sok discretion as trustee, either to accumulate such income as an addition to the trust asxu being held hercunder or pay such income to myself as an iodividual: 3. i reserve unto myself the power and riaht at any time during my lifetime to amend or revoko in whok or in part the uust hereby created ~vithout the necessity of Obuinina the oonsent of any bene6ciary and without sivina notioe to any beneficiuy. The aak or other disposition by me of the whok or any part of the property held hercunder shall oonstitute as to such whok or part a revocation of this trust. • 4. The death during my lifetime, or in a common aecident or disaster with me, of all of the btneficiuies daignated hercunder shall rcvoke such designation, and in the tormer event. I rcserve the ~-ight to desigwte new beneficiaria. Should i for any reaso~ fail to designate such r~w beneficiaries, this trust shall terminate upon my death and the trust property shall revert to my estate. S. In the event of my death or kgal incap~city, I hereby aominate and aQpoint u Succeswr Trustee hereunder the benefxiary first above named, unless such beneficiary be a minor or kgally incompetent, in which event I hereby nominate and appoint as Successor Trustee hereunder We beneficiary whoae name appears xcond sbove. If such bene6cary namod seco~d "abovt shall be a minor or kgally incompetent, then [ nominate and appoint as Suocasor Trustee txrcunder. (N~) . ~ ' (Address) 'j Ti umber Strat City Ststt ~ ~ -6. This Declaration of Trust shaU eate~d to and be bindina upon the heirs, executors, adtnioistntors and ~ssigns of the under- ? signed and upon the Successors to the Tr•,wee. ; j 7. The Trustee and 6is succeswrs shall serv! without bond. 1- 8. This Decluation of Trust shall be construed and enforced in accordance with the laws of the State of € Florida IN Wl7NESS WHEREOF 1 have hereunto set my hand and seal this_ 3~ day of ~ October lg 70 ~ ~ ~ ~ (sign h~re) ~ ~ ~ ~ Witness: (1) w;~: ca~ 2Q0913 ~ _ ~ s~ ~'~''ti''~t; - , ~s: - ~,c~cL connty - ~ ~ ~ ~y ~ _ , nineteen hundred an , bCEOI~C IDC v . ~ known to ~e u~dividaat describod ia, and who eaecutod the foregoing instrument. and _heJa~tk~nowledged that .~'~~~yq~ s~a~e, and in due form of law acknowledge the foregoing instrument to be fra act and ~~qd daired ~ie sa(n~e might be recorded as such. _ : _ - - : . . O ~ - . ~ . . - : _ Notary PoWic . , . . i:otery P.:'.u r'~•i:."., c~ ~_..,'j ~.ae:.~ ~ J - ~ ~ ~ 0~,~~ ~ ~r ~L c, 25, trra - / . • ~ ~ r , e c ....~r, c< ~B~Alll c c. . ' ~ - 4, ~ - - - -p~ ..t~-a-Fs...~^„ ,~-~3.~.,~. s;~ +Y ~~,~'~`~v r~ t ~ ~ s . J . _