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having an interest in the Trust funds, and the Settlor hereby agrees to hold
.
the Standby Corporate Trustee harmless in connection with all Trust
investments, while the Set[lor is actively managing the Trust.
The Standby Corporate Trustee shall take control of Trust adminis- {
tration upon the dea[h or fncompetency of the Settlor (as hereinabove stated),
or upon designation by the Settlor.
The Standby Corporate Trustee, upon taking control of the Trust ad- I
ministration, shall: (a) have sole custody of all investments and cash f rom
time to time comprising the Trust fund; ~b) keep alZ records and books of
accounts pertainin~ to the Trust; and (c) perfarm all ministerial duties
necessary or appropriate to the administration of the Trust.
Upon the death of the Settlor, or at any time thereafter, BETTY M.
LOUDEN, at her option, may discharge the Standby Corporate Trustee and appoint
a new corporate trustee, said corporate trustee being bound by the terms of
this Trust instrument.
H. The Trustee shall render an account of his receipts and dis-
bursements and a statement of assets at least annually to each adult benefici-
ary then entitled to receive or have the benefit of the income from the Trust.
The Trustee shall be reimbursed for all reasonable expenses incurred in the ~
management and protection of the Trust, and shall receive compensation for his
services in accordance with the schedule of fees in effect from time to time.
The Trustee's reguiar compensation shall be charged against income during the
Settlor's lifetime, and, thereafter, half against the income and half against -
the principal, except that the Trustee shall have full discretion at any time
or times to charge a larger portion or all against income.
I. The Trustee may, in his discretion, terminate and distribute any
Trust hereunder if ttie Trustee determines that the costs of continuance
thereof will substantially impair accomplishment of the purposes of the Trust.
The Trustee shall terminate and forthwith distribute any Trust created hereby,
or by exercise of a power of appointment hereunder and still held 21 years
after the death of the 2ast to die of the Settlor and the beneficiaries in
being at the death of the Settlor. Distribution under this section shall be
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made to the persons then entitled to receive or have the benefit of the in-
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