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HomeMy WebLinkAbout0740 -t _ . ~ ~ the S~xcessor T~ustee shall hold the trust assets in co~tinuins wu uaW such bene6ciuy attains tbe sge of twenty-one yean. Durina such period of continuing trust the Successor Trustee, in his absolnte discretion. may retain the specific tn~st property herein dacribed if he believes it in the best interest of the beneficiary so to do. o~ be may se11 cc otherwi~e dispo~e of such spcci6c trust property, investin` and reinvestina the proceeds u he mar deem approprisle. I[ t6e speciBe tru~st p[operty sda11 be productive of incane or if it be sold or otherwix d'uposed of. the Succeswr '1'rustee msy apply ar expend ~uy a all pE the inoome a principal directly tar the maintenance. education and support of We minor beoe&isry without tbe u~ktreatioa of anr ~uardian and without appliation to any court. Sud~ payments ot income or principal may be made !o the pusnts ot sud~ minor or to the peraon writh whom the minor is livin~ without any liability upo~ tbe Successor Trustee b sx w the application theroot. It any wch minor wrvivcs me but dia before the sae ot tw~nty-one years, at his or her death ~he Successor Trustee shall deliver, paY over, tramter and distribute the trust property beins held (or wch minor to said minor's pe~nsl rcprcsenlatives. absolutely. 2. I raerve unw mysclf the power and right to oolkct any rentzl or other income which may accn~e from the truu propeny ~ and, in my sok discretion as tnqtee. either to accumu4tc such irrcome u an addition to the trust assets beina held l~ercunder or pay ~ wch income to myxlf as an individual. ~ ~ 3. I raerve unto mysel[ tbe power sod ritht at any time durin6 my lifetime to amcnd or revoke in whok or in part the wst hereby creaced ~vithoui ehe neoessicy of obtainina the oonxne of any beneficiary and MiMou~ ~ivina no[ia w any baKficiary. The sak or other ditposition by me of tAe ~rbok ar any p~rt of Urc pr~operty heid hercunder shall oonstitute as W such whok or part a rcvocation of tbis trus~ 1. Tbe dath durina my lifetime. or in a common accident or disaster with me. ot all of the b~ene6ciuia desianated hercunde~ shall revoke such dai6nation, and in the former even~ I raerve the risht 1o daip~ate new bene&iuies. ShouW I for any rcason tail to desianate such new~ beneficiaries, this trwt shall terminate upon my death antl We tr~st property a1~a11 rcvett W my atate. S. In tbe event of my death or kgal incapacity. I hercby nominate and appoint as Sucoasor Trustee hereundet tbt beaeficiary first above named. ualas auh b~a~eticiary be a minor a ksally inoompetene. in which event i hereby nominate and appoint u_ Suecessor Truatx 6er~ewde~ t6e beneficiary whox name appears seoond abore. If such beneficiary named seca~d sbove shall be a minor or ksally incanpetent, _then I naninate and appoint as Suocessor Tn~stee hereundsr: ~N~) _ (Address) Number Strat City Sta1e ~ 6. This Decluation o( Trust shap e:tend to and be bindina upon the heirs. ~ecutors, administrators add sssiEns of the under- sigied and upon the Suocessors to the Tr.rstee. ~ 7. The Tnutet and his s~usors shall serve ~without ba~d. 8. This Decliration of Trust ~all be construed and rnforced in acoordance with the laws d the State ot FIOt1C~d IN WITNESS WHEREOF I have hereunto set my hand and seal this 3~h day of October 19~~ " . , { ~ (a,i l~re) .S. Wimess: (1) ~ w~: c2~ ~.~c~~~~ 2C~930 ,iC . : ~ a - ~ - ~~c.~itc~ ~ ~ c~y ~1~ ~ _ ~ . . On th~ ~1~y day cif ~~GNw~ , nicetan hundred ~ - before me cut~a ~ ~ • , known t~ a~e. ~v be t!x individual describod in, aad who executed the foregoing instrument, and. wkdgod ~ that _~q~cutbd the satt~, aad in due form of law acknowledge the foregoiag instrument to be fra act : aad doQd.q~d dairod_the :aiue migbt be rceorded as such. - . aue , , r ~ . ~ / . - ~ ~ n ~ • ~ ~ Notary Pubtic i•:: Z'~ . Notary P:'~l:t. S.a~, of Fi:,~;_~ at . . • ~~/'J~' ~ • ~ - ~'0 ~ ~ ~ ~?1y Curt~.;iis»n E;:;~:res i5. - , 1.n6~.7 H wm.x,.aa h» 6 C..+.dy C- ~-i"`~ ..r . - _ - _ ~ hs J.~v Fi -"ss !-.o rw 5~,~, *--i~ ~'?a%s ~S. _ . - cv., _