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(B) The fon~ner Trustee shall acknawledge the re-
vocatio~ and release of his Trust and shall canvey by good and
sufficient instrument all hi9 right, title and interest in and to
the Trust asseta to his Successor-Trustee so designated.
- The revocation of the pawer9 and duties of the
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Trustee under this instnunent shall be legally binding upon execu- i
~
. tion of the aforementioned. Hcywever, in the event this Trust }
Agreement be recorded, then the revocation aforementioned and
appoint~nent of 9uccessor-Trustee shall take effect only upon ~
recardation with the County Clerk's Office, wherein the said
Trust assets are situated, of the necessary instruments revoki.ng
the appointment of the Trustee and the designation of his successor.
Anything to the contrary notwithstanding con-
tained herein, hawever, it is understood and agreed between the
parties hereto that if for any reason whatsoever the original
Trustee, MARTIN NAP'TAL, shall not be the Trustee at the time of
distribution of the proceeds, such inability to serve shall in no
~ way change the pravisions of distri.bution as provided for in Par.
f
I 5; and said MARTIN-NAFTAL, and/or his designees, heirs or assigns,
I
~ shall receive the portion designated to said MARTIN NAFTAI, under
the terms of Par. 5 hereinbefore set forth.
8. BENEFIC?ARIES' OB,LIGATIONS AND RESPONSIBILITIES :
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~ The Beneficiaries do hereby agree to deliver to the Trustees all
of the funds called for hereunder when requested in order to close
~ on this transaction. Failure to deliver these funds on said date
x 2
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~ or within seven (7) days after notice is received for the failure ~
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~ to pay same thereafter shall be deemed a default insofar as the ;
t
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~ non-contributing Beneficiary is concerned, and such default shall ?
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~ goo~276 ~
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~ CI1SSEl AND BENJAMIN, ATTORNEYS AT LAW, SUITE SOf FLAGLER FEOERAL BUILDING. MlAM1. FLORIDA 33132 ~
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