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HomeMy WebLinkAbout0221 REVOCAB~.E TRUST AGREEMENT OF ANNA D. PAUSIN - Page Z~o then living children of JUDITH L. SEAGRAVES and to each of the then living children of NANCY W. DENBY. In addition, the Trustee shall distribute the sum of Seven Hundred Fifty Dollars ($750.00) to my yardn?an, JULIUS WHITE, SR., 713 North 22nd Street, Fort Pierce, Florida, provided he is pro- viding yard work services for me at the time of my death. C. After distribution of the amounts set forth in su~paragraph B im~nediately above, and after the death of Settlor, the Trustee shall divide the then remaining balance of the trust estate into two (2) equal shares, one of such equal shares for Settlor's niece, JUDITH L. SEAGRAVES, and one of such equal shares for Settlor's niece; NANCY W. DENBY. 1. The share of JWITH L. SEAGRAVES shall be held by the Trustee upon a separate trust and the Trustee shall manage, invest and reinvest the principal of such trust and shall collect and receive the income thereof and shall pay all of the net income thereof in quarter annual installments ta Settlor's niece, JUDITH L. SEAGRAVES, for a period of five (5) years from date of Settlor's death, at which time this trust shall terminate and be distributed outright to JUDITH L. SEAGRAVES; provided, ho~wever, tliat JUDITH L. SEP,GRAVES, shall have the option of requesting the Trus- tee to retain the trust assets in trust for ~ her benefit. I j If Settlor's said niece shall not be living 4 at the death of Settlor or shall not survive ~ for a period of five (5) years from date of Settlor's death, then this trust shall termi- _ nate and be distributed equally to said niece's then living children, per stirpes, provided ~ that if any such living children of Settlor's said niece shall not have attained twenty-one {21) years of age, the share of any such person shall be retained by the Trustee to be held, managed, invested and distributed under the provisions of Paragraph D of this Article II. 2. The share of NANCY W. DENBY shall be - held by the Trustee upon a separate trust and the Trustee shall manage, invest and } reinvest the principal of such trust and ~ shall collect and receive the income thereof - and shall pay all of the net income thereof ~ in quarter annual installments to Settlor's niece, NANCY W. DENBY, for a period of five ~ (5) years from date of Settlor's death, at which time this trust shall terminate and ~ be distributed outright to NANCY W. DEI~Y; ~ ' ~ provided, however, that NANCY W. DENBY, shall have the option of requesting the Trustee to ~ retain the trust assets in trust-for her bene- ~ fit. ~ NCILI ORIFPIN JCiFR1ES S LLOYO Crnf ~~`r[ ! CMARTER£D C r.r~V iWG ( ~id P O. BOIC 1270. FOitT PIERCE, fLORIDA 334b0 - TEIEPNONE (305) 464-8200 ~ ~ - ~ ~ - ~ . .c' ` _ _t^ ' t - _ ~ ~..~c- .r = ^s~-1. .