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800K PACE BOOK PAI~t
'zany such policy, but shall not be reouix~ed to incur Pxpense or 1
l!~liabilit in the enf"orcement of r h
I! Y a iy suc pc+licy unle.,s and until
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indemnified to its satisfaction. The ~ettlor reserves to himself
!all rights to ch.~nRe t~eneficiaries, to wit}•draw rolicies from-the +
st trust, to borrow unor., surrerc?er, sell , assic-n or nledc~e such 1
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" i;policics, anc? to exercise wit::out the Trustee's consent or approval
~l all privileges, bene`its arc? options c~vailahlF to hit! as the in- i
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scared, and the 'i'r.usteo sY,all upon the .°ettlor's written roduest i
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'promptly take any action necessary tc tre exercise of the same by
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f~the Settlor. The Trustee shall be under no c?uty to pay premiums
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f~ or. or ta}:e any action with respect to such policies, excepting as
t'• herein provides;, }^ut shall ha~re Hower, in its c?iscretion, to pay
~~such premiums or thF expense of collection of the prcceec?s of any
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j such policies out of income or principal of the trust estate. ~
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9. The Trustee is hPrebv authorized to Fay from the
f' Family Trust to or to the or~er of the executor af. the Settlor's ~
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Si will, the administrator of }2i s intestate estate, or his ac~riinistra
t~t~ for with the .:ill anne~:ed, as the case 1r~~y 13e, such amounts as
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such e}:ecutor or ac'r~;nistrator shall rer.uest of t':e Tr_ustee for
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use in payment of ac'r?inistratior, exner~ses anc~ counsel fees and f
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I estate, lc~cracy Inc? other inheritance ta~eG ra•,'able in the pettlor' g
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estate anc'. the recei~.>t of said ex_ecutc~r er ~z~ rinistrator shall l;e
fi a complete release any: c~ischar_ae o` the Trustee "wi th respect to !
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the sums so raic'.. ;"I1 ~-+rounts Hai ~ fer suc}: purposes, whether
ursuar_t to the fcrrnci n~- authorize
p tion or in accorc.anco c. ith la~V, !
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spa' 1 be" naic. from t}~e f'ar+ily Trt:st. If .-~t the tir-f of the r.eatt: j
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of the Settlor the ^rustee }~olc~c [~r:itc~c' ti{-,te~: 1°rE°a~ury boars re° ~ ;
deemanle at r•ar fc:r t}•er.avl,E'rt of Pec'r_ral ~statc'~ taxes, teen,
any provisions to t}:r contr~~rv rotc~-it}~st.Zrr'inrr ~,-hcthcr contained
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herein, or container: in thF ~'ett?c~r's c~.ill, or otl,er~.ise, the ~
Trustee stall in am- event n~-,~~ aG a riri~^~:r~ sucl: ~
j•ortior. of the
I'ec?eral estate tai- c'nc_• 5v rcasor; o` the r~ttlor_'s c?oatY~ aG is
i, ecrual tcz the r:~~r v~~l~:e of sai~: hor_r'r are interfst ~:ccruec: thc~reor_ ,
that wcul~ bc: .~llc~wa}~Ir~ a crec'~i t ar stir.}- tax.
10. :'hr trusts here}-:~~ cre~-~tec' ,-~r.~ thi G trust aareemer:t ~
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are made expressly ;;u}:ject to t}~e cot.:?itior. that t}~e Scttlor may
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