HomeMy WebLinkAbout0185 i' '
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ij !t. No pc3rson dealing xith the Trustee shall be obliged to itquire aa ~
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~to hds poxera or to see tha applicat3on of at~ money or property delivered to
~~the 7~rustee. The Trustee shall not be reqnired to obtain authority or ap-
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proval of an~r court in the exercise of aipr pourer conferred herennder and
~~shall not be required to nake cnrrent reporta or accountings to a~r court of `
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~~his duties hereunder. !
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~ 5. The co nsation for services oi the co ,
~ rporate Trustee ahall be ;
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such feea aa may be in effect accordi.ng to the schedule of iees t~ubliahed by i
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said Trustee frnm time to time.
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6. Upon the death of the Settlor, the T~stee shall~ as soon aa is .
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?~economically~feasible and oracticable, sell aay real estate then o~ned by
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;~the trust, With the ezception of thst real estate composed of the Residence, ~
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~ ;'the sale of khich shall be tinred at the discretion oY Settlor~s said hnsband. ~ ~
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~;In making such sale~ said property or prnperties~ i~ a~~ ahall iirst be
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offered to all benef'iciaries Who shall have a reasona~ble time in xhich to
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purchase all or part of said real estate. The minimum price at sihi.ch said
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~<real $state is to be oYf~red to the beneYiciaries shall ba az? amount aot lesa
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~~than its appraised valne for Federal estat° taz pnraoses. In the event that
more than one beneficiary shall be interested in the same piece of umt~erty,
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the best ofPer in escess of appraised value shall ~gavern. ~ro or more bene-
! ~ ficiaries may pnrchase an entire pro e
P ~Y ~ointly.
' 7. Opon thirty (30) days xritten notice to the Trustee the Donor~s
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~ ~~husband may request transfer of the TrQ~t Corpus to a~r other State Re~nlated
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E ' Trutst Denartment of his choice.
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~ ARTICLE V ~ .
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~ POWERS OF TRUSTEE
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~ Slib3ect to any limitations stated elsewhere in tMa Trust Agreement~.~ ;
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~ ~the Trustee, his successors or substitutes, shall have the poirers conferred
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by the conaaon laW and statutes oY the State of Florida a~fecting the tntat ~
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~ ~ estate sub3ect thereto, and in any c.went the folloWing, which shali be con-
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; '.:strued broadly and xhich may be exercised in their discretion: ; ~
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1. To retain for as long as they may deem advisat~le a~ imrestmeats =
_ : or other real or personal pronerty of the trust or which a~ay become as asset
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` of the trust, Whether or not the same may be or become non-income producing;
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