HomeMy WebLinkAbout0355~
. -
~
-i~-
el~ct ir~ rc•s~-~•~-i: *~ .~n~ r~c~iicy ~~f in .urance ~~ayable hereunder
any mode of settlement prrmitt~c? by tfie term3 and provisions
of such palicy, which tre ~i'ru~tee, i~~ n is sole discretic~n,
deems to be f~r the best intel~ests af the beneficiar.ies of
th~s trust, witct f:ull r~~~wei~ in ti~e Tr~~stee to direct the
in5urance com:~any ~~hich i~suc~d eac ~ ~~~1 ir_y t~ hold and
reta zn ~ite p~~ocee3s thc-,r~o± i n I i es ~f mak i ng ;~ayment to
. .
i:ne 'c'r~i~tee r~c~re~~nder, anci to n~~ike E>c-y ments oi interest .~n3
principal in accardari~.c v~i tl~ th~ !vri tt-~n i.n ,tructions af the
Trustee. The amounts ~~tiich the Tr~sL-c~c shall be entitle`
to col_iect anc: rece.ive on s.-~id c~olicie~. st2a11 not be limit.ed
to the f~7cc arr•:Uni~ therenf , but shai l include al2 amounts
pa~~aL;e : y ti~c respect_ iv~• ins.crrir.~.~• c•»i~p3nic~s arising out oS`
or in a :ii vr a? ~+_e,-ivec~ frc~:r. saic~ iJ~~3 ~ci~~~ ;ncZu~:i^7, L~~r noL
' imi ~ E~d l-c~, ~:~ii tion~z ~ i_t~:;ur~-nc~ ~~:~~ r-~~ascrl by d;vic~e~ds '~•ft
c~ ~ i n te rc.~si. i:U jE' Cfl('i l~ l tc? ~:1C:1 1 11~_~'`"(' :{_ ~ ~111RUci 1 C:3 V2 (:P_I]C~:i
dllL any sr~r':'131~ F.Ll1Fl1 Or :)C~':l-ttlOCLt=1~i c~ivlc~ei~~~S Or (;]SLi1t.~!-•
C201i. 'L':1~ '~`L'J~tE`C 1S ~ZU~:~OL'.1 7C~~ :: Lj:IiO~lt nIC~E'1" Ui C~Oi12'~ l'~)
c~»unr~~~isc :~~~~i a~lju.~t cl~im,s ari ~ir.<J out oi th~ said ;^-olici~s
wi ~tz respect t~ :~{TiOUflt5 c~.iyn!~l~r tv t; in in accor.dar-cc~ herer~i t-.h,
upc~n suci~ t~rms .3nd condi tior~ ~ as hc~ ~r,ay deem j~ist, an~ the
decision af ~'~e `:'rustee shali be bin~~inq and cUnclusive v~on
all persons i~-terested ihcrc~i n.
Art~~c'~ _It+' ~
in the event that ~he name~cl '1'rustec sna~.l die or ceas~
3~
i
to acL prior to the terminatii:i~ of~ L~e trust, t.~en SI?UCf: E. !
:,Uil!'SOF7, CUK: IS P. •JC~ifP~ i~)i~ or :;:!!':(_'?T! L. .IO:;N~niJ, 17t th~7ti
OZC~C_`" ~ :i::3 21 ~IC: t il~i ~i':"'t1:iLE'(' il!'L'^11T1~~C`: ~ WI tl? dZ l. Of tt1C nOWC~ S~
~~K345 ~a~E 354