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FIRST AMENDMENT TO DOYLE P. LOUDEN REVOCABLE TRUST
On October 18, 1983, I, DOYLE P. LOUDEN, executed a certain declaration ~
of trust known as the "DOYLE P. LOUDEN REVOCABLE TRUST", wherein FIRST NATION-
AL BANK AND TRUST COMPANY OF STUART, a National~Banking Association was
referred to as "Standby Corporate Trustee".
In that certain Revocable Trust, I reserved the right at any time or
times during my lifetime by instrument in writing the power to amend the
Trust in whole or in part.
Therefore, by this writing, I hereby amend the DOYLE P. LOUDEN REVOCABLE
TRUST by deleting all references to FIRST NATIONAL BA1'~1K AND TRUST COMPANY OF
STUART, a National Banking Association, as Standby Corporate Trustee, or as
a recipient of any Trust assets.
Wherever mentioned throvghout the DOYLE P. LOUDEN REVOCABLE TRUST, when
FIRST NATIONAL BANK AI3D TRUST COMPANY OF STUART, or Standby Corporate Trustee
is mentioned, then those provisions are hereby deleted, and I hereby replace
said Bank and nominate and appoint my wife, BETTY M. LOUDEN, and my daughter,
JEN~IIFER M. LOUDEN, jointly, as "Standby Co-Trustees".
Moreover, in Article "SIXTH: (G)", any reference to a Standby Corporate
Trustee is hereby replaced and in its place shall be inserted "Standby
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~ Co-Trustees, and Article "SIXTH: (G)", is further amended to read as follows;
"G. The Sta*?dby Co-Trustees, during such time as the Settlor is alive
~ av no dut to ac uaint themselves with the
and managing the Trust, shall h e y q ~
circumstances involving any investments held by them, or to review neriodic-
ally any such investments, or to make any recommendation to the Settlor with
regard to any investments, or to call to the attention of any judicial body or
~ any person, matters relating to the administration of the investments of the
Trust; and for all actions taken or omitted to be taken in accordance with
~ the directions of the Setr_lor and for its omission to take any action in the
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~ absence of such directians, the Standby Co-Trustees shall have no respon-
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~ sibility or liability to the Settlor or to any other person at any time having
~ an interest in the Trust funds, and the Settlor hereby agrees to hold the
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~ Standby Co-Trustees harmless in connection with all Trust investments, while
~ SCOTT&FOGT the Settlor is actively managing the Trust.
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