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CERTI~I~ATION OF TRUST AGREEMENT ~
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RICHARD D. CAVELLIER and RITA PEDERSEN, .his sister, being first ~
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duly sworn, depose and say:
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1. That RICHARD D. CAVELLIER, as Settlor, has created this 29th
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day of 1974, the RICHARD D. CAVELLIER REVOCABLE LIVING TRUST, ~
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~ to be revocable during the Settlor's lifetime and upon the Settlor's death, }
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~ to become and be irrevocable in all its particulars . _
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: 2. That during the. lifetime of the Settlor, RICHARD D. CAVELLIER
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~ shall be the sole Trustee and upon the death or incapacity or incompetency
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~ of the Settlor, RITA PEDERSEN shall become an individual successor Trustee
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3_ and the Settlor's wife , if Settlor shall be legally married at the time of his death ,
o shall become an individual successor Trustee with all of _the following powers:
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~ To vote in person or by proxy with respect to any and all ~ 3
~ securities; - +
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~ To retain all property in the form in which the same shall ~
; ~ be received or acquired by it without liability or any loss !
; that may be incurred thereby, and withaut regard to the pro- ~
o portion that any one asset or class of asset may bear to the
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o whole; .
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e To sell real or personal property , or both , either for cash j
; or for part cash and part for payments and at public or private
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C sale;
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F To option, convey, exchange, lease and re-lease for any
; length of time , mortgage , pledge , partition , subdivide ,
. improve, repair, surrender, abandoned, or otherwise deal ~
: with or dispose of all of the Trust Estate, or any part thereof, ~
; at such time or times and in such manner either public or
3 private, and upon such terms as in the discretion of the
Trustee may seem expedient and profitable; ;
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~ To prosecute and defend, and in the exercise of its sole
discretion, which shall be binding on all interested parties,
to compromise, settle or abandoned claims by or against
the Trust or against the Trust Estate;
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