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under such policies, to use any of them for any other purpose, '
and-to change the beneficiaries thereof, to convert any policy
or policies hereunder to another policy or policies, without the
i consent, approval or joinder of the Trustee or any beneficiary
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~ hereunder; and in the event that any policies hereunder mature
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: during the lifetime of the Settlor, ta collect,'receive and retain.
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= the proceeds thereof, free of this Trust.~ It is the intent of
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g the Settlor that the Trust shall be operative only with respect
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" to the~proceeds of such of the policies as may be due and payable `
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" to the Trustee at the time of the death of the Settlor or there-
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~ after, after deduction of all charges against the policies by
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; _ way of advances, loans, premiums, or otherwise.
~ (D) Whenever and as often as the Settlor shall, in ~
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writir~g, request it so to do, it shall be the duty of the Trustee,
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o and it shall have the power, to join with the Settlor in the exe-
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; cution of such instrument or instruments as the Settlo= shall have
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; signed for the purpose of assigning and/or pledging any insurance
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~ policy or policies in which the Trustee or its successor ras been
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J designated as beneficiary and which has or have been r.lade subject
to the terms of this Trust Agreement; upon the execution by the
Trustee and/or successor, all of the rigr.rs and interests of the
~ Trustee and all of the riqhts and interests of the Trust shall
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~ be and remain subordinated and subject to the rights and interest ~
~ of such assignee and/or pledge.
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