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Home My WebLink About2498C~~rl t ~CN? ~ liciary haeunder shall t6ea bo a minor. the Succeuor Tnutee shall hold the tnut assets in continuing tnut until such beaefkiary attaias the age of twenty-oae yean. During such period of oontinuing tnut the Successor Trustee, in his absolute discrctioa. may retain th~e sgecific tre~st pro~eriy herein clssrri~c! if hs 4;elisYSS ii in t!~ !~st intsr:ss of t~ ~as~riary• sa ta da. ar ht r~j s:3! a: otherwix d'upose of such specific trust property. investing and reinvating the proaeds u he may dam appropriate. lf tbe apeaAc tnut property shall be productive of income o~ if it be sold or otherwise d'u~osed of, the Successor Trustee may apply or eacpead any or all of the income or principal direcUy for the maintenance. education and support of the minor beneficiary wit6out the iatervention ot any guardian and without application to any coun. Such payments ot incan~e or principal may be made to tl~e parenu of such minor or to the person with w~hom the minor is living without any tiability upon tbe Successor Tnutee to set to the appiication thereof. lf any such minor survives us but dies before the age of twenty-one years. at his or her dat6 the Succes.wr Trustee shall deliver. pay over. transfer and d'utribute tt~e tnut property being held for wch minor to said minor's personal fCpfCS~pl8llYtS, absolutely. 2. We raerve unto ourselves the power and rigdt (a) to plaoe a mortgaae or other lien upon the propeny. and (b) to coUect any reatal or other income which may accrue from the tnut property and, in our sole discretion u Trustces, eittxr to accumulate wc6 inoome as an addition to the trust assets being held bercunder or pay such income to ounelves as individuals. • 3. We reserve unto oursel~es t6e power and right at any time during our litetime to amend or revoke in whole or in part the trust hereby crcated without the necessity of obtaining the consent of any beneficiary and without giving notice to any beaeficiary. The sale or ot6er dispoaition by us of the whole or any put of tbe propeny held herounder shall coastitute as to suc6 whole or part a revocation of t6is tnut. 4. The death during our liktime, or in a oommon accideat or disaster with us, o[ all of the beneficiaries designated hereunder shall rcvoke such designation, and in ttx former event, we rcserve the right to designate new berteficiaries. Should we for any nawa fail to daignate such new beneficiaries. this t~ust sball terminate upon tl~e death of the survivor of us and the tnut property shall revert to the estate of such survivor. S. Upon the death or kgal incapacity of one of us, the survivor shall rnntinue as sole Trustee. Upon the death of the survivor of us, or if we bolh shall die in a common xcident, vre hereby nominate and appoiM a4 Suaessor Trustee hereunder the beneficiary first abo~e named, unless such beneficiary be a minor or kgally incompetent, in which event we hercby nominate and appoint as Successor Trustee hercunder the beneficiary whose name appears second above. If such beneficiary named second above shall be a minor or Iegally incompetent, then vre nominate and appoint :+s Successor Trustee hercunder: (Name) (Address) Number Strcet City Statt 6. This Declaration of Trust sha11 extend to and be binding upon the heirs, extcutors, administrators and astigns of the undersigned and upon the Successors to the Trustte. 7. We az Trustees and our Successor Trustee shall serve without bond. 8. This Declaration of Trust shall be rnnstrued and enforced in accordance with the laws of the State of /~d.o,e/vg IN WtTNESS WHEREOF we have hereunto sct our haieds and seals thie ~~ ~ day of ~Q/l.~ , 19-Q_~ ~ ~$ =i~ rc ¢~~ ~~ cu~aj r S*.tut.~f rc~~NtY.lt a r,rct R Pb~ ~ ~As ~L£RiS CI!?C!!f? C:UaT , ~~ ~/ ~ ~ndividuals described in, and who executed tbe fotegoing instrument, and they acknowledged ',~ame, and ~ due form of law ackno ged t- tore~ ng insi~~ / theu free act qu iame mi t be recorded as suc ~~k ~~~.350 p~249~6 Notary Public IOil1RY 11JrUC SiATE pi i~(~ION At ~~ ~ CAMMI~ION ~~RlS A1tiE 1 1982 ~'~~D i1~(~ Gf: vf R/LL INS UhJf R.Y R: i E RS