HomeMy WebLinkAbout0329 1 -
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~ direct that my Personal Representative shall execute and deliver
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t~ my son, WILLIAM.D. WALSH, a complete Satisfaction of Mortgage. {
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FIFTH: I qive, devise and bequeath to.my ~
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son, WILLIAM D. WALSH, the sum of FIFTEEN THOUSAND ($15,000.00) ~
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DOLLARS, provided, however, that this sum shall be reduced by any
amounts or sums of money passinq directly to said WILLIAM D. wALSH ~
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by reason of any joint assets held in the joint names of LELIA A. ~ ~
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WALSH and WILLIAM D. WAI,SH.
. SIXTH: I give, devise and bequeath to my son,
WILLIAM D, WALSH,'the home I own in Balsam, North Carolina, to
-have and to hold in fee simple forever. .
~ SEVENTH: All of the rest,. residue and ~emainder
~ of my property, whether real, personal or mixed, of whatever
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~ nature, I give, devise and bequeath to SUN BANK OF ST. LUCIE 1 :
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' COUNTY, Fort Pierce, Florida~ whom I hereby nominate and appoint ~ `
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as Trustee, to be held in trust upon the terms and conditions
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~ hereina~ter provided: . ~
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~ ~ ~(a) Until~my said son shall attain the age of fifty-five i
~(55) years, the Trustee shall pay to him, or for his benefit,
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G ~ all of the annual net income of the trust, payable quarterly. i ~
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f i -(b) Upon my said son attaining the age of fifty-five t55) ;
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! years, or at any time thereafter, he shall have the right to elect ?
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; to receive all of the corpus and accrued income of said trust, ~
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~ ~ in which event the trust provision herein provided for shall ~ ~
~ terminate, provided, however, that said election, if made, shall be~
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in writing to the Trustee hereunder, and provided_further, however,
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that if my~said son does not elect to receive the corpus and ~
~ accrued income of said trust as hereinabove provided for, then the +
~ Trustee shall pay all of the income from said trust to my said son ~
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' ~ during his lifetime, said income to be payable quarterly.
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S gne or I enti icat on ~ ~
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~ 60Gd Z~ PAGE 3~ i_:
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