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HomeMy WebLinkAbout0879 ~ the Successur Trustee shall holJ the trust assets in continuina trwt until such beneficiary attaim the aEe ot twenty-one ycars. Du~ins . pw~h pirK~J uf cominuinR trust the Successor Trustee, in his absolute dixretion, may rctain the specific trusc property herein Jesc~ibed ii he t+elieva it in Ihe t+est interat ot ~he bene6ciary so to do. or he may sell or othenvise dispose ot s:ich specific trust property, inrestinE a~i reinvestinR the. prucce~ls as he may Jeem approQnate. tf the specific trust pwperty shaU be prod~?ctive of income or if , it !+e sold or utherwise disposed ot, the Succeuor T~ustee may apply or expend any or all of tht income or principal dircctly tor the nwintena~e, niucation and support-of the minor beneficiary without the intervention of any auardian and without application to aey court. Such parments of income or principat may be made to the parents of wch minor or to the pena~ with~whom Ihe minot is lirin~ witAout any lisbility upon the Successor Trustee to xe to the appl~cation ~herco~. If a~y such minor survives me but dits l+efote the a~e of twemy-one yean. at his or Acr death the Successor Trustee shall deliver, pay over. transfe~ and distribu[e the tnut propetty being held tor such minor to saiJ minor's personal «presenta~ives, absolutely. 4 2. I raern unto myxlf the power and rigbt (1) to plaoe s mortgage or otbe~ lien uP~ ~ P~KY. (2) to collect any rental or ot6er inoome whic6 may aocrue from the trust property aad, in my sole d:'acntion as ttustee. eitber to accumulate wch income as an additioa to tht tnut asxts being held 6ereunder or pay such inoome to myself ss an iadividual. 3. I rtserve unto myxlf the power and right at any time during my lifetime to amend or revoke in wAole or in part the trust ~ hereby createJ without the necasity of obuinin~ the rnnsent of any bene6ciary and without givina notice to any btneficiary. The sak or other disposition by a~e of the whok o: any part ot the property heW hercunder shall constitute as to such whola or pan • revocation of lhis trust. f 4. TAe death during my iifetime. or in a common .ccident or disuter with me. of all of the beneficiaries dcsignated hereunder ~ shall rcvote such daignatiort, and in the former even~ I reserve the right to daignate new beneficiaries. Should i for any reason fail to desijnate such new beneficiaries. this trust shall terminate upon my death and the trust prop~ny shall rcven to my esiate. S. In the event of my death or Itgal incapacity. 1 hereby nominate and appoint u Succeucr Trustee hereunder the l+eneiciary first above named. unless such beneficiary be a minor or legally inrnmpetcnt, in which event I hereby nominate and appoint as Succesxor Trustee hereunJer the beneficiary whose name appean seconJ abore, it such beneficiary named second above shall be a minor or kgally incompetent. then ! nominate and appoint u Succeswr Trustee hereu~de~_ ~N~~ ChQrgl B . Guenther ~p~~~ 760 John Glex~ Blvd., Web~ter, ~iex York 1t~580 Number Suea city sute ' 6. This Declantion of Trust shall extend ~o and be binding upon the ~eirs, executon, administnton and assigru of the under- ~ si~ned a~d upon the Successors to the Trustee. i j 7. The Trustee and his w:cessors shall serve without bond. ~ 8. This Decluation of Trust shall be construed and enforced in accordance with the (aws of the State of ~ Florida ' t I ~ E , ~ IN WITNESS WNEREOF I have hercunto set my hand and seal this day of " .T? ~l 19~~. . - ~ _ ~ (Agn h~~t) ' ` L .S. ~ ' ~ / - _ , FILED.A ~ a~COR0E0 - ~ ST. LU " :,OUMTY FL . ~ ~1~CSS: (1) ^ RO s: ~ ;.•iRAS ~ ~ ~ ' ' ^ CIEAI( i. ~ R ~l~tT COURT R/1tntSS: (2) L~6 ~ f ,s~l~ ~ ~ l~c~~ ~ J fEe 23 i~ ls PH'7a - s~ ~ ~ 248345 ~ ~ _ ~ - , r c,~y ~,r - . . ~ On tbe --T~~-daY of F~~a~u~=_-v , nineteen hundred and ~ yv~..r.ty- ~ ' ~ ~ : ~y'h~? I i ~ ti. `~;:,~nc~ ~ ~O[C 1~ 'C~t~ . • • - . c, '4, ~ kaown tti ~•to.~~e 1b~~dt`vit~ual described in, and who executed the forcgoing instrument. and ~..he acknowledged ~ tLat _.he e~oceRd4he sam'e.'and in dus form of law acknowledge the foregoing instrument to be free act ~ aad deod and ~sir~d tt~ s~i~ ~?iight be recurdcd as such. ~ _ = ~ ~ _ , t/ c ~ ` ~ (1d~o~nSedi . ~ .~:t; _ x'' ~ • ~ . ` Notary Public ~ ~ ! `+ota~r pu~lH. State ol fbr~dz a! larqe ~ . ~ F M~r Com ::i<.:;_n Ezpires ~ 2. 1976 R : 4 ~Mt..~y ~ . ~fl~~-? l:'["1 I 1 eouK ii ~cE ~ ~ ~ - . _ - _ - > " " ~ - - - - ~ - - - Y~ _ . . - - - - - - ~ .