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'79 194 .
of more than one year and all sales of the land shall be approved
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in ~riti~g by a ma~ority in interest of the Owners. The purpose }
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of the Owners in acq»iring the land is solely for investment, `
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and the power to lease and sell herein granted is only to realize ~
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that pcrpose. The death of an Owner will not revoke the appointment ;
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of the attorney-in-fact and the appointment is acknowledged to be a ~
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power coupled w3th an interest and will be binding upon the heirs, i
p~rsonal representatives, successors, h~~irs and assigns of each~
Owner. Kantner, as attorney-in-fact for Owners is hereinafter ~
sometimes referred to as Attorney-in-Fact. No sale or lease of i
the land shall be made without the written consent of the attorney- _
in fact. •
5. Coveriant of Attorney-in;Fact, Kantner covenants that
as attorney-in-fact for Owners, he will pay the net proceeds
of all leases and sales of the land and all other net proceeds
from the land to Trustee and he will render true accountings ~
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not less frequently than semi-annually to Trustee. . ±
6. Comperisat~ion to Attorney-in_F~ct, Kantner shall ~
receive no compensation for his services as attorney-in-fact,
but the Trustee shall pay or reimburse the attorney-in-fact for
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~ all of his expenses and of others made at his direction on account ~
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of the land which are not properly chargeable against commissions
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E paid for leases or sales. Trustee may ~rely upon the approval of . ~
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~ the attorney-in-fact in making such payments. In lieu of com- ~
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~ pensation to attorney-in-fact there-is hereby granted to WOODROW KANTNER `
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~ real estate broker, or any nominee of WOODROW KANTNER who is also a ~
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~ registered real estate broker, an exclusive right to make leases and ~
~ sales of the lands and any portions thereof and to receive a ~
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~ cor~,~:ission therefor of 10~ of the rental or sale price, such exclusive ;
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_ rignt to be effective until all of the above real property has been
: sold by the Trustee, provided, however, tha.t WOODROW KANTNER, as
broker or his nominee Broker, sliall cooperate with other brokers in `
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~ the disposition of the lands. This exclusive right to make leases
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~ ~ ~ - booK 308 F~ 510 ` ~
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