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HomeMy WebLinkAbout0190 t' ; . ~ . ~j Page Fonr ` ~a . ; ' 4. No pers~n dealing ~rith the ~ruetee shall be obliged to i.nquire i # as to his po~rera or to see t,o t,h~e apc~liaation o! a~y soney or property deli- vered to the ~ustee. The Trnatee shall not be required to obtain~anthority ~ i~or approval o! aapr court in the e~cercise oY atqr po~rer conterred hereunder and i ~i~ shall not bs reqnired to ~sa~lce current reporta or accountinga to a~ court oi . ~~his dntiea hereunder. ; : 5. The campensation for services of the coroorate Trnstee shall be i ~such feea as may be in e!lect accordi~ to the schednle of fees published by ' ~ Isafd Trnstee from time to time. ; ~f ~ 6. IIpon the death of the Settlor, the Tivstee shall, as soon aa ; ~ ' . sis economically feasible and practicable~ selZ a~r real est,ate then oxned by c; ; ':`.the trust~ xith the eaception of that real estate composed of the Residence, ; : "the sale of ~hich shall be timed at the discretion of Settlor ~ s said rrife. In ; f ; s; making such sale, said pronerty or praperties, 1Y arqr, ahall tirst be ot'fered j ~ ;;to all beneficiaries xho shall have a reasonable time in ~hich to pnrchaae ~ . - - all or part of said real estate. The minian~m price at ~thi.ch said reat estate , ~ Se - ;~is to be offered to the bensYiciariea shall be an amount n~t less than its i f: j ~F , ~ '~appraised value for Federal estate t~ aurposes. In the event that more than { ~ ~~orLe beneticiary ahall be interested in the same niece o! property, the best ~ , j i~offer in ezcess of appraised valne shall govern. ~ro or more beneficiaries ' - a- ~ay purchase an entire nroperty ~oi.Yrtly. - 7. IIpon thirty days Written notice to the Trustee the Donorra ; , , :~Wife may request transfer of the Trnst Corpus to az~y other State Regulated ~ ; ::Trust Department oY her c~aice. ~ ~ - ; ~c~ v ~ ~ € P(~fdF.'RS OF TRIISTF~ ` ; ~ ~ S~b~ect to ar~y limitations stated elsexhere in this Trust Agreement ~ ~ ~ ~ F ; ::the Trnstee, his successors or substitntes, shall have the po~rers conferred i ;'•by the co~non lax and statutes of the State ot Florida affecting the trust i '';estate snb~ect thereto~ and in any event the folloWing~ which shall be con- '~strued broadlp and xhich may be ezerciaed in their discretion: 1. To retain Yor ae long as they aiay deem advisable a~ investaents ~ ~ z ; or other real or nersonal pro~erty of the trust or Which may beco~e an asset t ' s ~ ~ ; of the trust, Whether or ~ot the same be or become non-income prodncing; F ~ i ~ . ~ s ' • nn . : : E;.+ ~ ~ ~ f~ ~ f r t aT~ ~ . - - ~ ~ . ~ w ~ , ~ .7 wu ~ s'~`•`~ ~~,fr ~,r- ~ ~...~_'~t's~"~..x,~`~~ . ~,_.:-v~-." _ , ~~r