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HomeMy WebLinkAbout2023 ~ ~ 1 . , 4 TO HAVE AND TO HOLD the premises 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 improve, mauiage, protect and subdivide the premises or any part thereof; to dedicate parks, streets, highways or alleys; to vacate any subdivision or part thereof, and to resubdivide th~ 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 successo= or successors in trust and t~ qrant to such successor or successors in trust all of the title, estate, powers and suthorities vested in the Trustee; to donate, to dedicate, to nwrtgage, pledge or otherwise encumber the property, or any part thereof; to lease the property, or any part thereof, from time 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 sinqle 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 m~dify leases a?n3 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 purchase the whole or any part of the reversion and to contract respecting the manner of fixing the amount of present or future rentals; to par- _ _ property,_ or an _ art thereof, for oth realtor per onal property; to qrantyeasements or charges-of any kind; to release, convey or assign any right, title or.interest in or about or easement appurtenant to the premi.ses or any part thereof; and to deal with the property and every part thereof in I~ all other ways and for such other considerations as it would be ; lawful for any person awning the same to deal with the same, E whether similar to or different from the ways above specified, at ~ any ti.me or times hereafter, and otherwise to manage and dispose ~ of the property. ~ In nc 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- gaged by the Trustee, be obliged to see to the application of any purchase money, rent, or money borrawed or advanced on the premises, or be obliged to see that the terms of this•trust have been co lied with or be obliged to inquire into the necessity or expediency of any act of the Trustee, or e o ige or pri- 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 ather instrument, , ~ ~a) that at the time of the delivery thereof the trust created by 7 = this Indenture and by the trust agreement was in full force and ~s~ 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 instrum~ent; 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. ~ ~ -z- ~ R 218 P~2U22 : BOOK . - ~ ~ . 3 ~ ~ ~ _ N C ~~'a . . . . ~~;v~~'