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HomeMy WebLinkAbout0517 Yf.i! 1/ '79 191~ dignity required of a conveyance of land. Should a Trustee not be so appointed~within sixty days after the giving by . ~ Trustee o~ notice of his resignation, then in the discretion of Trustee it may: ~ (a) Terminate the trust by distributing the assets thereof to the Owners in their respective shares, their interests in the lands being distributed by deeds to them of their undivided interests; or (b) Conveyance of the assets of the trust to Attorney- ? in-Fact as successor Tr.ustee, provided Attorney-in-Fact aceepts such appointment in writing, acknowledged and executed with the di~ity required of a conveyance of land; or - (c) Petition any court of competent~~urisdiction for . . ~ ~ • appointment of a successor Trustee; and any Owner or Attorney- in-Fact may do likewise. - - • , . - 16. Comperisatiori ~of Trustee. The Trustee shall receive no compensation for his services as Trustee. Any successor~ Trustee serving hereunder shall receive reasonable compensation for its services. ~ 17. Advances ~y Trustee. If the funds of the~trust are not sufficient to meet its obligations when due, Trustee sh~ll ~ have no duty to advance f'unds• therefor; but if Trustee in its , ; discretion does _advance funds for the benefit of the trust, then ~ Trustee shall be re-paid together with interest at nine (9~) per ~ ~ cent per annum thereon from the next funds of the trust in the ~ . ~ hands of Trustee notwithstanding anything herein to the contrary. ~ ~ 18. Protection of Trust~ee and~ Attorney-in-Fact . Each ~ - ~ af the Owners covenants t o savE Trustee and Attorney-in-Fact ~ . . ~ harmless from all claims, demands, causes of action, expenses ~ ~ and reasonable attorney~s fees which ma~y be incurred on account y of this trust, and the sale or transfer of any interest by an = Owner shall not relieve such Owner from liability for any of such ~ ' charges as m~y relate to the Trust during the period of his ~ . ~ ~ ownership. The compensation arid all e~.penses and expenditures ~ ~ ~ and reasonable fees of attorney-in-fact incurred on account of ~ ' . ~ ~QOx ~U8 ~ 51? . ~ -io_ ~ __k _ _ , F + 1"iti.. ~s..'~ ri ~,r~ _ ~ ~ Y _ ~ .r-C. . ~ : -k "v'~r ~.~.a'ys' s~.rs - ~ ~'f F , a~"'.`"e~'`~~`'~r'~~.+c" ~ ` ' . ~ . . ~ . ~ . . ~ ~ . . .,:r_ . . .