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DECLARATION OF TRUST
I, WILLIAM L. STARVES, SR., on this 21st day of December, F
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1978, do make the following Declaration of Trust:
1. I do on this date convey my undivided one-half
interest as a.tenant in .common to my wife, MATTIE JANE STARVES, as {
trustee, for my minor son, WILLIAM L. STARVES, JR., during his
minority, in the real property described on EXHIBIT A attached t
hereto, incorporated herein and made a part hereof:
. 2. I do grant unto my said Trustee all of the powers
granted to Trustees under Section 73 ~•~~j Florida Statutes (1977)
and such future amendments to said statutes which expand said powers,
not in conflict with the provisions of this Declaration Of Trust.
3. I do convenant and promise to pay one-half of the
monthly mortgage payment currently existing on the property until
such time as the mortgage is paid in full or the subject real pro-
perty is sold, whichever first occurs, and I further covenant and ~ f
promise to pay one-half of the real property taxes on said real
property during the minority of my said son until he obtains his
majority or until said real property is sold.
4. In the event that my-said trustee shall sell said real
property she shall be entitled to deduct from the gross sale proceeds
any monies paid by her out of her own funds for mortgage payments
and taxes and one-half of the remaining monies shall be placed in
a "Totten" Trust savings account or other such investment by her as
Trustee for my minor son and I empower my Trustee to use said monies
for the support of my minor son as she deems necessary, and I also
empower my Trustee to reinvest the remaining monies in other real 1
estate so long as my Trustee is a record title holder as Trustee for
my minor son of a porportion of the real property equal to the share of
the trust monies paid for the purchase of said real propert .
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5. I do expressly waive accountings by my said Trustee as
to her trusteeship of said real property or of monies obtained for the
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