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(o) In the event that, under any of the provisions of this
agreement, absolute vesting of any interest is deferred beyond the
period allowed by law, then upon the expiration of the longest time,
or upon the latest event allowed by law for the vesting of an
interest after Grantor's. death, the said interest shall vest
absolutely in and be forthwith distributable to the person or
persons who is or are the beneficiary or beneficiaries thereof, ,
and in the proportion in which each is a beneficiary thereof,
whatever his, her or their attained ages. :
(p) Any distribution to or for the benefit of a minor here- ;
under may be paid in the sole discretion of Trustee, directly to such ~
minor or may be paid to the custodian or legal guardian of such minor, ?
or to any individual, corporation or organization for the benefit of ;
such minor, and the receipt of such minor, or the custodian or legal ;
guardian of such minor, or of any such individua~, corporation or ;
organization to whom Trustee may elect to make such distribution for ;
the benefit of such minor, shall be a complete discharge to Trustee ~
with respect to the amounts covered by the receipt. -
5. LIMITATION :OF POWERS. No powers of the Trustee enumerated
herein or now or hereafter conferred upon trustees generally shall ~
be construed to enable the Grantor or the Trustee, or either of them, '
or any~other person to purchase, exchange, or otherwise deal with
or dispose of all or any part of the corpus or income of the trust
for less than an adequate consideration in money or money's worth,
or to enable the Grantor to borrow~all or any part of the corpus or ~
income of the trust, directly or indirectly, without adequate interest -
Ij or security. No person, other than the Trustee, shall-have or exer-
; cise the power to vote or direct the voting of any stock or other
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i securities of the trust, to control the investment of the trust
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~ either by directing investments or reinvestments or by vetoing
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; proposed investments or reinvestments, or to reacquire or exchange
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~ any property of the trust by substituting other property of an
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t equivalent value.
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~ 6. ADDITIONAL PROPERTY. The Grantor reserves the right
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; with the consent of the Trustee, at any time and from time to time,
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~ to assign, transfer, deliver to, or deposit with the Trustee addi- '
= tional securities or property, which thereupon shall become a part
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of the Trust and subject to all the terms, powers, and conditions
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of this Agreement.
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~s FEE, PARKER & FEE. P. A.
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ATTORNEYS AT LAW -
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~ POST OFFICE BOX 1000 ~]~~l ry'''}~'
y FORT PIERCE. FLORIDA 334~50 ~~R /_K] _ S ~ y +
'y~ TELEPNOH6: (908) 461-~J02O B~UK r.~vv FAG~ v v ~
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