HomeMy WebLinkAbout0518 - '79 191~
~ this trust are hereby secured by a like 11en inferior only to
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the lien of the Trustee.
19o Terminati~on. This trust shall be terminated when
all of the land is sold; provided, however, if it is not all
sold 20 years from the date hereof, then within a reasonable ;
time thereafter Trustee shall sell the same and terminate the.
trust by distributing the assets thereof pro rata to each of
the Owners according ~o~their undivided interests.in the lands.
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In the discretion of Trustee the sale,shall be public or
private, in one or more sales, for cash.or on terms, and the
price and terms shall be approved only by Trustee. In order
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to facilitate the collection of any purchase money mortgages
given in such sales, Trustee may take such mortgages as Trustee
for Owners and distribute the proceeds of the mortgage when
collected. - '
20. ExecutYon of Count~er-parts. The execut-ion of
counter-parts oP this Trust Agreement by all of the Owners and
by Trustee and Attorney-in-Fact shall constitute this agreement -
as a completely executed Trust Agreement as to all~of the -
Owners and Trustee and Attorney-in-Fact even though the signature
of all such parties does not appear upon a single counter-part.
~ 21. Execut~ion by Owners. Owners hereby ~oin in the
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~ foregoing agreement by affiaing their signatures upon counter- ~
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~ parts thereof and the designatlon of.the percentage s~hares
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~ oppcsite Owners' names in this Section 21 states their respective
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; undivi~ed interests in the land.
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~ lti'itnesses ~ Share Signa r nd Address
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~ ~ O. G. Mc 0 ~ tl p ~
, i Soc. Sec. No.
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; 600K ~8 PAGE 518
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