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Home My WebLink About1031 J ' ~ ~ ~ • ALSERT p. YOUNQ ~ Cap~l - Apt. 407 r disaster, my Sucoessor Tnutee is hercby dirccted forthwith to transfer the tnut Property and 2871 Na OCElIN SOULEVARO property unto the beneficiaries absolutely and ihereby terminate this tnut; provided. however. YOG? W1TON~ fLORiQA 33432 n be a minor, the Succuwr Trustee shall hold the ~rust assets ~n oontiauins tnut until such , years. During the period of oontinuing trust the Successor Trustte, in hi3 absolute dixrction. rcin described if he believa it in the best interest of the bene5ciary so to do. or he may sell or otherwise dispose of such specific truu propeny. investing and rcinvesting the proceeds as he may deem appropriate. If ttie specific trust property shall be productive of income br if it be sold or otherarix disposed of, the S~xr.eswr Tnutee m9~y'-~pply or expend any or al! of the income or principal directly for the maintenance. education and support of the minor beneficiary without tAe iatervention of aay guardian and without application to any court. Such payments of income or principal may be made to the parcnts of wch minor or to the person with whom the minor is living wittaut any Gab~lity upo~ the Successor Trustee to sce to the application•thereof. lf any wch minor survives mc but dies beforc the age of tweety-one years at his or her dwth the Succcssor Trustee shall deliver, pay ove~; uancfer and distribute the trust property being held for such minor to said mirota=personal reprc- E sentatives, absolutely. ~ ° 2. I raerve unto myself the power and right to colket any interat or payments constituting amortization which may accrue from the trust property and, in my sole discretion as tnutee, either to acxumulate such interest or amortization paymens in addition to the trust as~ets being held hereu~ide~ or pay them to myself as an individual. 3. I raerve unto myself the power and right at any time during my lifetime to amend or revoke in whole or in part the trust heoeby created without the necessity of oblainiag the conseot of any beneficiary and without givins noticc to any beneficiary. The transfer of the tnut property br ~qe to anotber person sball constitute a revoration.of t6is trust: 4. The death during iny lifetime, or in a common accident or disastet with tpe, of all. of the beneficiaries designated hercunder shail rcvoke such daignation, and in the former event. I'reserve the right to daignate new beneficiaries. Should i for any reason fail to designate such new bencficiaries, this trust shali terminate upon my death and the trust prope~ty shall reven to my utate. S. In the tvtdt oC dny desti~ or kpt inqpacity. i hereby nominate and appoint as SuccessorTnutec hercunder the beneficiary first above named.'unkqs s~b.lx~~uY be a minor or legally incompeteat. in w6ich event I.hercby nominate and appoint as Successor Truatee hereunder the bene6cia.ry whose name appears xcond above. If such be~neficiary named second above shall be a minor or kgally ~ncomp~tent, tl~en I naninafe and ~appoiut as Sucassor TrUstee heteuader: ' ; - . • . . ; ~ i (~vame)- - Albl7Pt Di~r~d Yo~~ aq/ - _ . _ _ i (Addrcss) ?663 s th P1aae S~. _ l~eroer Island Mai~shing~_08040 • ' i Number Street City State 6. This Declaration of Trust shall extend to and be binding upon the heirs, executors, administrators and assigns of the under- signed and upon the Successors to the Tnutee. 7. The Trustee and his successon shall serve without bond. This o 11 rued nd enforced in accor nce with the laws of the State of _ F10~'i~ 9. Th• 8iirs~~~`b~d:~`O~''pa~~o l~ar~ar~t G. ]~oung und~r this trust ~hall b• in full •~ttl~s~nt o!~ and in lisu o!, the ~20.000.00 rel~rr~d to in the ~nt~- Nuptial Agr~~~ent~ dat~d July~ 196?~ b~tr~~n Alb~rt D. Yow~g and liargar~t G. Coop~r. IN WITNESS WHEREOF i have hereunto set my hand and seal this Qfih day of May _ _-19 72, - (sign hae)--- ~ ~ ~ ~ _ L.S. ~ , / , ~ ~ ~ ~ ~ ~ ~ C J f . lYC1 OYMTY Witness: (1,, ~ k«~- / Roc ~oiT~u?: ~ ~ CLERK cirCU~T COUIIT ~ p~ RECOR~J YERiF1E~~~ Z ~c' ~/'L"v~-t--+-<-'~-r-- L Witness: (2) ~ ~ 11 4 23 ~ ~~Z ~ State of__--~lpridbt__- - ~Z~4a3O " ` ! ss: - - - - County of_ Pa~ Be~ch ' , - - ~ , . . On the__-__~th----_-day of_ , nineteen hundred and_ S~Yent- T1~?9 _ . before me came_~~_1~~ _David Young _ _ _ knowtti~o-me'~ ;be~the individual described in. and who executed the foregoing inswment, and __he acknowledged th~t_~tie'ex~ted the same, and in due form of law acknowle ged the foregoing instrument to be free act at¥3'deedan¢.desired the same might be recorded as such. . . - , . • ~i ` ,~.._r ~ : (Naary Seal) - ~ 1 ~ . ~ ~ Notary Public ' . r ~ d~~.rti/1~r . . . _ , ~~y 25 /~75 Co :~~t..