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HomeMy WebLinkAbout0953 . , ~ . . . ~ ' • , ~ , E:CI~I13I'r •~A~~~ Full power and authority is granted by this Oeed to Trustee or its successors to protect, ~onserve, sell, lease, encumber or otherwise to manage and dispose of the real estate or any part of it. In no case shall any parCy dealing with the Trustee in relation to the real es~ate or to whom the real estate or any - part of it shall be conveyed, contracted ta be sold, leased or ~nortgaqe~ by Trustee, be obliged to see to the application of any purchase money, rent or money borrowed or advanced on the ~remises, or be obliged to see that the terms of this trust have ueen complied with, vr be obliged to inquire into the necessity or expediency of any act of the Trustee, or be obliged or privileged to inc~uire into any of the terms of the Trust . aqreement; and every deed, tirust deed, mortqage,lease or other instrument executed by Trustee in relation to the real estate shall be conclusive evidence in favor of every person rel}~ing upon_or claiminq ~nder such conveyance, lease or ather instrument (a~ that at tihe time of its delivery the trust created by tihis ~~denture and by the Trust Agreement was in full force and :rfect, tbl that such conveyance or other instrument was executed ;n accordance with the trusts, conditions and limitations Contained in this Indenture and in the Trust Agreement ~nd is hinding upon all beneficiaries under such instruments, (cI that ;r~astee was duly authorized and ~mpowered to execute and ~eliver every such deed, trus~ ~eed, lease, mortgage or other instrument td) iE clie conveyance is madc to a successor or succesors in trust, thal•. such successor or successors in trus~ have been ;pFo:.nted prvperly and vested fully ~~rith all the title, estate, ' rights, powers, duties and obliga~ions of~ the predecessor in ~ :rust . ~ny,contract, obligatian or indebtedness incurred or ~ntered into by the Trustee in connection with the real estate may ta entered into by ir in the name of ~he then beneficiaries ~nder the Trust Agreement, as their aCtorney in fact', by this Deed =rrevocably appointed for such purpose, ar, at the election uf T:ustee, in its owrt name as Trustee of an express tru~t and ~ not individua~ly and Trustee shall. liave no obligation whatsoever ~ .~+ith respect to any such contract, obligation or indebtedness exceat only so far as the trust properry and funds in the actual ~ Fossession ot Trustee shall be applicable for its payment and discha~5e, and all persons and corporations whomsoever and rihatsoever shall be charged with notice of this condition from che date of the filing For record of this'Deed. The interest of each and every Ueneficiary Under this ~eed and under the Trust Agreement referred to previously and of all oersons claiminq under them or any of them shall be only in ~ the earnings, avails and proceeds arising from the sale or oCher ~isposition of the real estate, and such interest is declared to ~a personal property, and no bcne~iciary under this Oeed sliall ~ ~~ve an4• title or interest, lec~~l~ or eqUitable, in or to thz real ~ .state as such but only an interest in the earnings, avails ~nd ~ p:oceeds from such real estate as aforesaid. ' "~'~J~~~~ ~ . ~ • . r ~ '86 FEB P 2 ~ ~ • • ?{L~ ~ .L' .`_C • ~ ~ ~ ROGER P0~1i't~~r~-4.ERi( A ~ ST. LUCtE Ct~~~ . ~ ' ~ g~ ~ PsGE ~`t~ . ~ ~ -