HomeMy WebLinkAbout0589 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, manage, protect and subdivide the premises or any part
thereof; to dedicate parks, streets, highways or alle~s; to vacate
any subdivisian or part thereof, and to resubdivide the praperty
as often as desired; to contract to sell; to grant options to
p~rchase; to sell on any terms; to convey either with or without
consideration; to convey the premises or any part thereof to a
successor 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
mortgage, pledge or otherwise encumber the property, or any part
the~teof; to lease the property, or any part thereof, from time
to time, in possession o'r reversion, by leases to commence in
praesenti or in futuro, and upon any terms and for any period or
periods oE 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
c~r 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 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-
tition or to exchange the property, or any part thereof, for .
other real or personal property; to grant easements or charges of
any kind; to release, convey or assign any right, title or interest
in or about or easement appurten~t to the premises or any part
thereof; and to deal with the property and every part thereof in
all other ways and for such other considerations as it would be
lawful for any person awning the same to deal with the same,
whether similar to or different from the ways above specified, at
any time or tim~es hereafter, and otherwise 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-
gaged 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 cor~plied with, or be obliged to inquire into the necessity
~ or expediency of any act of the Trustee, or be obliged 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 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 enpowered to execute
' and deliver every such deed, trust deed, lease, mortgage or other
instrum~ent; and (d) if the eonveyance 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 aI.l the
title, estate, rights, powers, authorities, duties and obligations
of its, his or their predecessor in trust.
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