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effectuating the purpose of this Trust Agreement, provided, haw-
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ever, that nothing 'shall relieve the Trusteea from liabilities ~
arising out of their awn misconduct, negligence or breach of trust. ;
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(C) The Trustees shall not be liable for the acts ~
or omissions of any agents acting by or for them or the txust
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property where such appoint~ment was made with reasonable care. ~
(D) The Trustees shall have the follawing powers
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and duties:
(i) To hold title to the captioned ~ ~
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property during the tena of this trusteeship. :
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(ii) To enter into Leases either on an ~
individual or group basi.s, on an exclusive or non-
exclusive basis, covering all or a portion of the land ~
from time to time during the existence of this Trust
with individuals, corporations and condominium corpora-
tions that may be adjacent to ox near the property
owned under this Trust.
(iii) To sell all or a part of the land j.
held under this Trust. The only appraval necessary ~
shall be one Trustee from each group appraving any ,
such sale. ~
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(iv) To borraw funds or to mortgage the ~
I • trust property, with the term of said mortgage, as well `
{ as the interest rate, to be left to the sold discretion ~
~ of the Trustees. ~ ~
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F (v) The Trustees are hereby granted the ~
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- authority to obtain such insurance as is deemed neces- ~
sary by the Trustees for the proper protection of the ~
Beneficiaries and the land, and are further granted the ~
right to pay the premiums therefor ancl shall be reim-
bursed proportionately by the Beneficiaries upon request.
(vi) The Trustees shall have the authority ' ~
to retain, employ and pay an attorney and counsellor at ;
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law and a certified public accountant in connection with ~
the exercise of any pawers granted under this Trust #
Agreement. ~
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~ (vii) The Trustees are hereby authorized to 4
~ enter into Plats when so requested by joining with de- :
~ velopers; to make dec3ications of such roads and easements ;
~ that may be required by the adjacent developers in con- ~
~ junction with their development of property being pur- ~
chased out of the trust property; and to exe~cute such ~
other documents as the Trustees, in their sole discretion, ~
~ shall deem to the best interests and for the.ultimate f
~ benefit of all of the Beneficiaries hereunder.
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CASSEL AND BE~JJAMIN, AT70RNcYS AT LAW. SUITE ~i0/ FLAGLER FEOERAI. BUiLOIC1G, 1~ilAM1, FLORIDA 33132 ~
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