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Home My WebLink About0995 _ _ ~ r , ~ _ ~ w - • . . ' r ~ • ~....~.~+.1i K~~ " ~'~V/ ~ . separate from certificates, together with delivery of registered secu- ~ rit-ies and o~her property, by any rreans sufficient to transfer title~~ ~ thereto. No supplemental or ac~ditional documents need be executed by Settlor evidencing his intention to so transfer any additional propett~ to the Trust. All third p~rties aha~ll rely on certification by TrusteE of any Trust as to Settlor•s directions tt~at suc:h property be added to the Trust. 1?ny person, firm or corporation, to whom~any such Trustees issue such certificate, and who relies thereon, shall be fully protecte ~ and relieved of liability in doing so; however, any beneficiary hereunc ~ adversely affected by any erroneous or false certificate shall have a ~ cause of action against such trustees who issued such erroneous or fals ' certificate, to the extent of the damages, if any, suffered by any such ~ beneficiary. _ . . . ~ ~ . ;r~., : The ~ettlor reserves.the right to:amend~.or.•revoke this instrument and the trusts hereunder. in whole~.or: in part;S;by-.a Will which speci- fically refers to this• instrument and.which.•specifically directs what amendments bre to be mado or.state9 that thie'instrument is revoked. If this ~nstrument is revoked in its entirety~by a Will of the Settlor, the Trustees shall deliver to'the Settlor's eetatc, or a~ the ~~lill may direct, all of the tzust property. ~ ; B. Trust Accountin Year: - The Trustees hereunder may el.ect, from tim~ to time, a calendar or fiscal ycar accounting basis for any trus~. Trust Accountin Records: - Each of the Trust•: or ~hares of Trust held `~y the Trustees or ts succes3ors pursuant hereta, shall have its aa~n ~.~parate financial records, be separately accounted for, _and pay it_- ~:~:-.es as separate entity to the extent permitted by law. U. ~ndistributed Income: - lU3y tncome received by ~ny.of the trusts ~hereunder, wherein the Trustees have discretion as to the distribution thereof, which has not been distributed at the end of such trust calenda or fiscal_ year, shall be and become a part-of the principal of said trust~. .In the event income of any trust hereunder is required to be distributed to a beneficiary if livinq, and such distribution has not been made prior to the date of death of such beneficiary, then such undistiributed income shall be and become a part of the principal of i said trust. i tiiscellancous Provisions a~ to Trustees: - t - ~ . _ I 1. To the exten t permitted by law, no Trustee shall ever be requir~ 4 to give any bond or other security to, or qualify before or obtain the ~ order or approval of any Court in the exercise of any power or discretiot ~ iier`in given, or submit the administration of any trusts hereunder to thE ~ supervision of any Court. ~ 2. ~very successor Trustee shall have all the right, title. power and discretion herein given his ~redecessor, without any act of assiq~imer° conveyance or transfer. ' _q 3. Any Trustee or a succe~sor may be removed by the Settlor at any~ time by written notice terminating his office as Trustee and directing t~ deliv~ry of all papers in his possession to a successor who shall be ~ named therein. ~ 4. A Trustce may at any time resign by'delivering written notice ~ of t~is~resignation to the Settlor, if he is not then deceased, or to the ~ ~ei~eficiaries. of the current income of the Trust Property or to ttie ~ remaining Trustees of such~Trust. s ~ ~ 5. If at any time there i~ no Trustee able and willing to act, a ; ¢ succes~or may be appointed by an instrument signed by tt~e beneficiaries ~ of at lPast two-thirds (2/3) of the current income of the Trust Property ~ ~t: ttie time of such appointment. The Guardian or Conservator of a bene- ~ f i ciary unc3er a legal disability, or the ~arcnt~ or sur.vivincJ parent of ~ a minor beneficiary for whose estate no guardian has been appointed, may .,ct for such beneficiary in m~~cing ~-~ny appointment and qiving any direc- ~ tior~ und~r this provision. sooK432 pA~E 995 ~ _9_ ~ :RANO 6 Kn~•' "rGK, P.ILATTQqNCY! AT LAW, 2500 t~wLIANOAIC OEwCN OIVU., ~~~t,~~t~O~LF., ~lqq1DA J1000 s ~ ' . .K, ~h~~~ . r - ~i~`~I ~ s~i x ~y,