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1022287 :
JOINT LIVING TRUST AGREEMENT
4HS AlIISLLO ISBRIiIA and Sl1GSliIA ISSRtiI~ LIVIlIG ?RUS?
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This is a Trust Agreement and a Decl~ration of Trust made by ;
ANIELLO ISERNIA and EUGENIA ISERNIA, as Grantors and as Ca- ~
Trustees, in the County of ST. LUCIE, in the State of FLORIDA, ~
this day of .iAtJ~ARy , 19Q0 , Whenever the term ~
"Survivor" is used, it shall mean the Grantor last to die. ~
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ARTICLE I: STATSHENT OF PURPOSB ~
A. Grantors establish and declare this Trust to provide
for manage~nent of certain of Grantors' properties; for management
of any other properties that may be deposited With a Trustee at
any time; for the benefit of Grantors' families after Grantors'
deaths; and for the maintenance, comfort, and support of Grantors
durinq Grantors' 11feLimes (includinq the use of certain real
property to be possessed by Grantors as homestead).
8. Grantors have conveyed to the Co-Trustees properties
deposited in the name of Lhis trust. Fro~ tia~e to time other
properties, includinq life insurance policies, may be conveyed to
a Trustee if accepted for administration. Grantors, by i~ills, may
direct that part or all of the property in Grantors' estates be
delivered to Grantors' Successor Trustee at Grantors' death for
administration under this Trust.
RRTICLE II: RSCBIPT AHD COVENANTS OF TRUSTE~ ~
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A. The Co-~rustees acknowledge receipL af the properties 3
deposited in the name of this trust. '
B. Each Trustee will maintain, conserve, manage, invest, and ~
reinvest the properties deposited and accepted for the purposes
of this Trust until such properties are distributed in the manner
as prescribed in this Trust. ~
C. Each Trustee will accept and administer as Trust Property ~
whatever properties are delivered to Trustee under the provisions ~
; of Grantor's Mill. ;
i D, Each Trustee will use best efforts to collect when due ~
; and administer in accordance with the terms of this Trust the ;
proceeds of all policies of insurance made payable to a Trustee. ~
; No Trustee shall have any responsibility to pay premiums for such ;
; policies nor to pay the principal or interest of any loan secured ~
by Trustee except in Trustee's discretion and only to the extent ~
~ of income or other assets of this Trust. ~
~ E. Each Trustee shall maintain an accounting and submit same ~
~ on demand to Grantor or to any Beneficiary after Grantor's death.
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j ARTICLE III: GRANTORS' COVSNAI~IT OF FURTNER ASSURANCE :
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` Except as to titles reserved to Grantors, Grantors agree ~
° that at any Trustee's request, Grantors will execute and d~li~~er ±
to said Trustee any instrument, such Trustee may deem necessary '
~ to vest the title of Trust property in the Trustee or to evidence
~ Trustee's legal title.
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~ ARTICLE ZV: GRAIiTOR3' LIFSTIHE RBSERVA?IONS
A. During Grantors' lives or the life of the Survivor,
except any period of adjudicated incompetency, each Grantor shall
have a right, to be exercised at any time by writings signed and
acknoWledqed by either Grantor, or siqned by a Grantor and a
Trustee, to be effective When delivered to a Trustee, Successor
Trustee, or to any Beneficiary if for any reason there shall be
~ no Trustee or Successor Trustee:
P (1) To revoke this instrument entirely and to receive
~ all Trust property remaining after payment of expenses connected
with admfnistration of this Trust;
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Pa e 1 of Seven Grantors' Initials . / ~
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