HomeMy WebLinkAbout0986 3. Trust Estate for Benefit of Reneficiaries. The
Trustee ~r,all hold any property transferred or conveyed to hin~
as Trustee, and all issues and accretions in respect thereto,
for the benefit of the ~eneficiary from time to tin,e (and all
! references hereinafter to beneficiary shall be treated as a
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~ re£erence to the ben~ficiary hereof), shall be recorded in
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~ th~ir favor or the Trustee sr~all make provisior~ for
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~ dis~;ositions thereof pursuant to the directicn of ±r~e tr,en
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~ beneficiaries.
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~ 4. Powers of Trustee. Subject to ttie written
~ direction or consent of the bPneficiaries, which shall be
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° conclusi:~ely evidenced pursuant to the provisi~ns of Section 8
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E herecf, the Trustee ~hall have f~~l power anc3 authority:
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~ (ii To retain the trust property in the ~ame form of
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~ investr„ent in which received.
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" (ii~ To ~ell ar.d exchange trust property or any
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intere~t therein for such consideration and upon
y sach terr~s as he c3eem:; advisable, including the
tak ir:g ard hold iny of notes and mortgages and
grar.ting discharges and partial releases thereof.
;iii} To purcr;a~e ~r,d atherwise rec~ire anl :eal or
' persona~ ~ropert}•; to register ar.d ~3ere~i::ter in
tr:e Lard Ccurt af the Cor~~rconwealth of
R'a:,~achu~etts titie to any real propert~•; ~o
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