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HomeMy WebLinkAbout1428 `under unless they shall be furnished with funds suff icient therefor or be satisfactorily indemnified in respect thereto. (18) That nothing herein contained shall be construed as imposing any obligations on the Trustees to file any income, profit or other tax reports or schedules, it being expressly understood that the beneficiaries hereunder from time to time will individually make ~~1 such reports and pay any and all taxes growing out of their interest under this Declaration of Trust and Agreement. ~ (19) That any contracts, obligations or indebtedness which may be incurred or entered into by the Trustees in con- nection with said real estate may be entered into by them in the name of the then beneficiaries hereunder, as their attorney- in-fact, hereby irrevocably appointed for such purposes, or at the election of the Trustees, in t~ir own name, as Trustees of an express trust, and the Trustees shall have no obligation ~ whatsoever with respect to any such contract, obligation or ~ indebtedness except only so far as the Trust Property and funds ti a in the actual possession of the Trustees shall be applicable f P to thepayment and discharge thereof. ~ ~ (20) This Delcaration of Trust and Agreement may ~ . f be placed on record in the County in which the real estate is ~ ~ situated, or elsewhere, but if for any reason the same is so ~ recorded, such recording shall not be considered as notice of ~ ~ the rights of any person hereunder derogatory to the title ~ ~ ~ ~ or powers of the Trustees. ~ (21) That every successor-trustee or trustees ~ appointed hereunder shall become fully vested with all the estate, properties, rights, powers, trusts, duties and obli- gations of its, his or their predecessor. - (22) This Declaration of Trust and Agreement shall = not be deemed to be, create or evidence the existence of a corporation, de facto or de j ure, or a?dassachusetts Trust ~ _ ~ 4_ r=:', 224 P,1~ E 1427 EGERT S IEVINE, ATTOANEYS, AINSLEY BUIIDING, MIAMI, fIORIDA _ ~ ~ ~ ~.5~ ~T~ ~i'~'~' ~ ti~t`s t ~,x ~~'~m~ c ~ ~ 3 ~ ,~s ~ _ r_. . . . .