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HomeMy WebLinkAbout2157 5 purposess nor ahall this Agreement be deemed to be, or create, or ~ evidence the existence of a corporation, de facto or de jure, or an association in the nature of a corporation, or a co-partnerehip or joint venture by or between the Trustees and the Beneficiaries, or by or between the Beneficiaries. FIFTH: If any property shall remain in Trust hereunder twenty (20) years from the date hereof, the Trusteea ahall forthwith sell the same at public sale after a reasonable public advertisement and reasonable notice thereof to the Beneficiaries and, after deducting their reasonable fees and expenses, they shall divide the proceeds of such sale among the Beneficiaries as their interests may then appear without any direction or consent whatsoever, or ~ To tranafer, set over, convey and deliver to all the then Beneficiaries of thia Trust their respective undivided interests in any _ non-divisible assets, or~ . ~To transfer, set over and deliver all of the assets of said Trust to the Beneficiaries thereof in their respective proportionate interests at any time that the assets of said Trust consist solely of cash. ~SIXTH: The above named Beneficiaries or their successors in interest, shall in their awn right, have ~ull and exclusive control over - the management and operation of the Trust property and control of the ~ selling, renting and other handling and disposition thereof, and each ; Beneficiary, or his or her agent, shall handle his or her share of the I rents and avails thereof and the proceeds of any sale or other disposition ~ ~ thereof upon distribution by the Trustee, and except for notification and ~ k - ~ collection and as may be hereinafter provided, the Trustees shall have no i personal duty respecting the payment of taxes, insurance premiums or other ~ costs or charges against or concerning the Trust property. ~ SEVENTH: If any one or more of the Beneficiaries desire to make ~ a sale of his, her or their respective ownership interest in the Trust Estate r ~ and such proposed sale is based upon a bona fide offer in writi.ng, as here- x ~ ~ inafter defined, then the Beneficiary so desirinq to make such a sale shall € ~ give Sixty (60) days notice in writing to the other Beneficiaries of the ~ ~ ~ ~ price and terms of said offer together with a copy of such written document ~ ~ ~ - ~ ~ - 5 - . ~ ~ flEOROK PA6f ~~J~ ~ ~ ~ ~ ' z - r - , ~ - ~ _ . . ~ _