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HomeMy WebLinkAbout2019 ~8 HAVE aND TO HOLD thz gremises with the appurtenances upon the trusts and for the uses and purposes herein set forth, with full power and authority as herein granted and provided to deal in and With the property or interest therein or any part thereof. Full power and authority are hereby granted to the Trustee to inq~rove, manage, protect and subdivide the premises or any part thereof; to c~edicate parks, streets, highways or alleys; to vacate any subdivision or part thereof, and to resubdivide the property as often as desired; to contract to sell; to grant options to purchase; to sell on any terms; to convey either with or without consideration; to convey the premises or any part thereof to a suvicessor or successors in trust and to grant to such successor or successors in trust all of the title, estate, powers and authorities vested in the Trustee; to donate, to dedicate, to nwrtgage,. pledge or otheYwise encumber the property, or any part thereof; to lease the property, or any part thereof, fmm tim~e to time, in possession or reversion, by leases to commence in praesenti or in futuro, and upon any terms and for any period or periods of time, not exceeding in the case of any single demise the term of 198 years, and to renew or extend leases upon any terms and for any period or periods of time and to amend, change or modify leases and the terms and provisions thereof at any time or times hereafter; to contract to make leases and to grant options to lease and options to renew leases and options to ~urchase the whole or any part of the reversion and to contract respecti.nq the manner of fixing the amount of present or future rentals; to par- tition or to exchange the property, or any part thereof, for - ot-her real-or--per-sonal -proper-ty-f-to-grant easements-or--charges-of any kind; to release, convey or assign any right, title or interest in or about or easement appurtenant to the premises or any part i thereof; and to deal with the property and every part thereof in ; all other ways and for such other considerations as it would be E lawful for any person awning the sa~ne to deal with the same, ~ whether similar to or different from the ways above specified, at ~ any tir~e ar tim~es hereafter, and othezwise to manage and dispose , . ~ of the property. In no case shall any party dealing with the Trustee in ~ relation to the premises, or to whom the premises or any part ~ thereof shall be conveyed, contracted to be sold, leased or mort- gaqed by the Trustee, be obliged to see to the application of any purchase money, rent, or money borrowed or advanced on the ~ premises, or be obliged to see that the terms of this trust have been coraplied with, or be obliged to inquire into the necessity vileged to inquire into any of the terms of the trust agreement; and every deed, trust deed, nortgage, lease or other instrument executed by the Trustee in relation to the real estate shall be ~ conclusive evidence in favor of every person relying upon or ~ claiming under any such conveyance, lease or other instrument, ~ (a) that at the time of the delivery thereof the trust created by ~ this Indenture and by the trust agreement was in full force and effect; (b) that such conveyance or other instrument was executed ~ in accordance with the trusts, conditions and limitations con- tained in this Indenture and in the trust agreement or in some amendment thereof and binding upon all beneficiaries thereunder; ~ (c) that the Trustee was duly authorized and empawered to execute and deliver every such deed, trust deed, lease, mortgage or other ~ Y~ instrwcrent; and (d) if the conveyance is made to a successor or . ~ successors in trust,-that such successor or successors in trust ' ~ have been properly appointed and are fully vested with all the ~ title, estate, rights, powers, authorities, duties and obligations of its, his or their predecessor in trust. ~ ~ -2 - ~ g~2i8 ~~18 ~ . _ _-~~.~_w,~ . :