HomeMy WebLinkAbout0319 7. C(~~Ik'1~:\`SA'1'lON O1~ '1')tL~'1'i~:i~:. Cc~mnir_~~cin~; ~me ycr;~r .ift~~r thc con~~~leti~~n r~f the
,l~:vcl~~~i~~~nt af thc 1'i•c~p~i•ty, licncficiai•y a~i•ecs ti~at 'i'r~istcc l111y ~)c?1•sc~nally r~taiil
t~~~o ('L';'o) ~~ereent of thc ~rc~ss ~~roceecls cif the Triist a5 ec~n~l~r.nsation for his sc~rviccs.
~'Ex~n tet'tlll(i.1t10~1 t)f tI11S 'ri•ust, 'i'rustee shall be compc~isated as licrciilbefore i~i-o-
•,~icied until the clatc c~f such tcrmination and shatl t{~ercafter be further compe»satcd ¢
.i~i amount c.~~~ltal to the an~~u~tl avera~;e E~aid to Trustee over the E~reeecling t~vo (2)
y~~ars; saicl ac:iditional compensation shall be payment in full to 'Trustce for services i
i~r.rformed requisite to effectiiating saici tci•mination.
I\'1)I:~[NIl~ I(:::1'1'l~)\i O1~' 1'12USTl~~E. It is the intenti~n ~~f the 13en~ficiary that '1 rusir_e
;i~all liavc unrc5iricicci po~vcrs to dcat ~vith thc 'r~~u5t L•::~tatc as if hc ~vcrc thc abs~lute
+~~vner thcrcof and Tru~tce shall not hc liablc for a~iy clematids or claims arising out of
tFie eYercise of l~is discretion or a?~y i~ower heretu~der or tiave any mi5take or error of
juc:lgment in the managcinent of the Trust, if the Trustee shall pay or incur any liability
tu ~~ay any money on account of tliis '1'rust, or incur any liability to pay any money ;
;>~i account of being made a party to any litigation as a i•esult of haldii~g title to the Pro- ~
I,ci•ty or otherwise in connection ~vith this Trust, wtietlier because of a breacli of con-
ti•act, injury to person or pro~erty, fines or penalties under_any law, or other~vise,
tfic 13eneficiary agrecs that she ~vill on demand pay to the Trustee, ~vith interest thereon
:~t the rate of 6% per annum, all such payments made or liabilities incurred by the
"t'~•t~~tee, together ~vit}i his e~peilses, including reasonable attorneys' fees, and tliat s}ie
ill indcmnify and hold the Trustee harmless of and fro~n any and all payments made _
~~r liabilitics incurred by hiin for any reason ~vhatsoever as a result of this Agreement
:~xcepting only ctaims based on fraud; and alt such amounts so paid by the Trustee, ,
~vell as his compensation hereunder, shall constitute a licn on the pro~erty. All funds f
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requisite to effecting the Purpose of this Trust shalt bc far~~-arded to the Trustee by ~
~fie 13eneficiary as ancl ~~~hen requcstec~ by Trustee. The Trustee shall not bc required ;
to convey or other«~ise dcal ~vith the ~'ropcrty so long as any money is due to him here- ~
u,lder; nor shall the Trustee be required to ad~-ance or pay out any money on account ~
~~f tl~is Trust or to prosecute or defend any legal_ proceedings involving this Trust or ~
~~;ly property or interest hereunder unless he shall be furnished ~vith funds sufficient
= tilcrefore or be indemnified to his reasonable satisfaction in respect thereto.
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= s?. T~X Rh:TUR\'S. \othing herein contained shall be construed as imposing any ob-
~ li~ation on the Trustee to file any income, profit or other ta~c returns, reports or
~ <;cliedules, it being e~pressly iinderstood that the Beneficiary ~ti~ill individually make
~ all such returns and reports and paS• any and all taxes gro~ving out of her intei-est under ~
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~ ;,i~is Trust 9greement. '
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~ 10. HECOHDI\G. This Trust Agreement shall not be placed on i•ecord in the county
& i;i ::hich the real estate is situated or else~vhere unless both Parties concur. -
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~ 11. _~.I.'t'ER1='1TE TRliSTEE. Shoulci FRI~:D A. BESHAR~ Ue unable to continue~ to
-:~rc-e as 'I'i•ustee for any reason ~vhatsoever, then \ICHOLAS \I~\OS of i'owigsto~vn,
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E Ohio, shall beco~ne Trustee in all respects hereunder.
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I~T ~~~I1•~}~.SS ~~~I{I-;REOF, the Parties have hereunto set their hands the day and year first
,~t~o~~e ~vritten. / ~
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- G ACE L. FRA\'KLI`T, t3et~eficiai•y
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- EU A. F3ESHt1RA, Triistee ~
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\~ICIIOL ~S 1L-~ ' S, ~ teri~ate Trustee
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~ ° R 226 ~E 3i9
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