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Clerk Distriot Oourt, Soott County, low.
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Piled and re~~~hi8 17th day of May 1923.
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\ , / .~(1 '\ (\ By .~ fV'vt--t.l.-~ bJ~ D. C.
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JOHN LRROY HUTCHISON . ~ tL. w. 'fJ~f' dd
P. U. Aldrod, Clerk Uirouit Oourt
DECLLRATIOU OF TRUST
IWOW ALL UEY BY THESll: :>R ES ImTS', 'l'hat I, JOH:I LEROY H\JTCHISOn, of the CUI. of Vero.
St. LUQie Oounty. State of ~lorida. the ~rantee named in a certain deed from A. W. Young,
Irene U. Young. his wife. A. Y. Hill, Katie &. Hill. hie wife, ~illism Jtkin and Elizabeth
Jtkin, his wife, all of the ~ity of ~ero, St. Luoie County. State: of Florida, dated this
day, by which deed there iE conv~~ed to me oertain lct~. pieces, or ;arc6l~ of lend and
buildings situated in the uity of ~ero, in ~t. Luoie ~ounty. ~t&te of .loridb, hereby de-
olare and agree that 1 will. and ~ heirs snd sucoessors sholl, hold said granted nremisee
end all otl:er funds, money and -property at a~ time transferred to 8~d rece1~ed by the
Trustee hereunder, for the purposes. with the powers and subject to the provisions hereof.
for the benefit of the cestui que ( who shall be truet beneficieries only. without ~rtner-
ship, assooiate or any other reletiOn whatever inter sese), and upon the trusts followin~,
viz:
1. In trust to convart the ssme into money and distribute the net -prooeEds thereof
among the pe.ttsuufs tit. thti tiiuu of auoh GuflVertflun hold lng and uiiiiiiig -:;unGfiul~l intcr~et:=
therein. a8 evidenced by the receipt cert~ic&tes iSEued by the ~rustee as harelnafter
prOVided i it beinf, however, "ex-pre ssly underf"tood and agreed thbt the J.r~stee may in his
unoontrolled diecretion. defer or postpone suoh conversion and ~tribution exeept that the
same shall bot be postponed beyon. the end of twe~ty ~ears from the d~te of theEe nreeents
desoribed in the last paragraph hereOf. During suoh nostponement and until suoh oonversion,
tte interests of tl.e cestui que trusts stall be considered for the -purposes of transmission
end otcer~iEe a6 per~on&l property.
2. In trust, pendir~ final oonversion and distribution 01 the property, to manage ~nd
oontrol the seme, the ~ru8tee haTing for suoh purposes and for all purposes of sLle. lea5e
mortgage, exchange. improvement_ and development, and any bud all arrangements, contr~ct~
and dispositions of the trust ~roperty, or any part thereof, all and es full disoretionary
powers and authority as he would heve if he were himHe1f the sole and absolute beneficial
owner thereof in fee simple.,
3. In trust to oollect ond receive all rents and inoome from the property, end s4mi-
.nnually or oftener at his convenienoe to distribute such nortion thereof as he may. in his
discretion determine to be fairly distributable net income, to and among the several cestui
que trusts aocording to their resepotive fractional interests, the Trustee in this oonneo-
tion having full authority from time to time to use any tunds on hand.whether received as
oorpus or income~ for the purposes of 5ny repair. imrpovement, proteotion or develo~ment
of the property held here-under, or the aoquisition of other property as the Truetee may
determine to be WiS8 and expident, for the proteotion and development of the trur.t property
88 a whole pendin~ Its ooversion and distribution, The determinations of the ~Tuetee
made in goOd faith. 88 to &11 questions as between "oorpus" end 'inoome" 8hall be final.
.. fhe aaid J. '. Young, Irene D. Young. hie wite, A. K. Hill. Katie B. Hill, h1~
_ife, lilliam Mtkin, ~lizebeth Atkin, his wife. having determined to wind up their af1airs
~n4 respeotive undivided interest in and to the sold property in the 8&ld deed therein de-
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