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JECLA.~ATIO:~ GF TRUST 512595
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~.~S we, Robert J. Kline and Eleanor A Kline, of the city of
~ort Pierce, county of Saint Lucie, state of Florida, are the owners as ~oint tenant
of certain real property located in St. Lucie cowlty, state of Florida,which .
property is described more fully on the deed conveying it from ~-r $. JEfFEQSo~/
j~gT-~ - to Hobert J. Kline and Eleanor A. Kline, as
"that certain piece or parcel of l,and located in St. Lucie cour~ty, being
IAT 38 Block 5, of CORAL COVE BF:ACH, setion 1,
~ . as per pl,at thereof recorded in plat book 11,
pages 30a and 30b, of the public recvrds of
St. Lucie county , Florida. ~
being the same property earlier corrneyed by an instrument dated 7~ 74~
and being recorded in ~9.4~ ~5~, Page, S~b of the St. Lucie co y rxi
records. -
N8:~1 TF~REFORE KNOW ALL MEIti BY Tl~'.SE PHESENTS, that we do hereby ack-
nowledge and declare that we hold and will hold said real property and all
our riqht title and interest in and to said property in ~UST:~
l. For the use and benefit of the following four(4) persons,in equal
shares or the survivor of them.
Becky L. Kline--- our daug~ter
Cindy S. K1inE o~ daughter
Debra L. Friend-- our daughter
Robert K. Kline-- owc son
If because of the physical or mental incapacity of both of us, certified
in writing by a ohysician, the Succesaor Trustee herein after named sha11
assume active administration of this trust during o~ lifetime, such Successor
Trustee shall be fully authorized to pay us-or disperse on our behalf such s~uns
fro:n income or principal as appear necessary or desirabla for our comfort
or rrelfare. Upon the death of the survivor of us, unless the beneficiaries
shall predecease us or unlessl~u w~e all die as a result of a c~-on accident
or disaster, our Successor Trustee is hereby directed forthxith to transfer said prc~-
erty and all right title and iriterest in and to said property unto the ben- -
eficiaries absolutely ard thereby terminate this trust;~rovided , however
, that if ar~y beneficiaries hereunder shall not have attained the age of 21
years, The Successor Trustee shall hold such~beneficiary's share of the trust s
assets in continuing trust until such beneficiary shall have attained the
age of 21 years. During such period of continuing trust the Successor Trustee ,
in his absolute discretion, may retain the specific trust property herein
descri~ed if he believes it in the best interest of the beneficiary so to do,
or he may sell or otherrrise dispose of such specific trust property irnesting
and reimrestir.g the proceeds as he may deem appropiate. If the specific trust -
property shall be productive of income or if it be sold or otherwise disposed
of, the Sucessor Trustee may apply or expend any ~r all of the income or principal
directly for the maintenance, education and supFort of the beneficiary with-
out the intervention_of any guardian and xithout application to ar~y court.
Such payme~s of incomemay be made to the parents of such beneficiary or to
the person xith rrhom the beneYiciary~ia living xithout ar~y liabilitq on the
Successor Trustee~to see to the application thereof. If such beneficiary sur-
~ ves us but dies before attaining the age of 21 years, at hia dg~tb t auc-
cessor Trustee ahall transfer, pay over and deliver the trust p~oPa~~iEing
he].d for such beneficiary to such beneficiary's per~nal regreser:tative, abso-
lutely. ~
2. Each beneficiary helceunder sha~l be inalienable and free from antici-
pation, assigr~ment, attatctm~ent, pledge or controlby creditors or by a present
' or ic~nqer spouse q~ such beneficiary in any proceeding at 3ax or in equity.
~ ~ '• ~ ~ ~ BOOX J~U P~GE 3~.6
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