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waiting for. f1~61 O~Sho s81e of their reo1 estat~, this trust is deolered .... ..,t.....
the benefit of the several grantors in seid deed described, eocordlng to :
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8oribed, ~ithout
in feyor and for
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their respeotive fraotional interests as determined and
agreed upon by them, to who:n the
'Tru~tee shall issue proper negotiablt oertifio~tes of .enefioial interest; whioh said certi-
! fiohtes, and all others which may be hereafter iSLued in exoh8nge or substitution therefor,
shall be deemed parts hereof and conolusively evidenoe the ownershlP:of the respeotive
int9rests in this trust: and the lrustee shall. from time to time, on requtst, or Burrender
of the old, is~ue suoh new oertifioates of beneficial interesto ss may be ~roper and neoessary
to evidence any new or subdivided interest.
6. The Trustee sholl have nut~ority to borrov. money and fix the terms of any lonna, and
give any pledge, mortgage or other s60urity which he rosy deem wise.
110 puro:aser from or lender to the Turstee shall e-rer have c:ny liability to see to
the 8p~licBtion of any ~roceeds.
6. ~he Trustee may emplOY 911 suoh agents and attorneys as he may think nroper and find
expedient, and ~rescribe their ~owers and duties, and shnll not Le rersonally responsible
for any misoonduot, errors or omi.sions of suoh ~gents or ~ttorney~ employed and retained
with reasonable oare.
'1. '.1'he '!'rustee sholl at all times keep full and orOT\er books of eccount an,:i records of
.his prooeedings and doings, ana shall, 5t least &nnually, render ao~ount of the trust to any
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benefioiary requesting the same. but the .rustee serving hereunder shbll not be Obligated to
'give any bond, nor shall the 1rustee have any liability except for the results of his own
gross negligence or ted fbith.
8. ~he ~7ustee shell have fUll power at any time, pe~ding finel termination of thIs
trust, to tr6nsf~ the whole or any ~art of the pro~erty then held by him hereunder to any
oorporBtion which he may oeuse to be orffinized for the more covenient or exnedient holding
or management of the property, taking any securities is[ued by sach oor~orstion in exchenge
,and nayment therefor, and "the ~rustee may at any time te or become a direotor or officer of
any oorporation eny stares of which ore held by him.
9. ~he ~rustee stall be entitled to receive reasonable oompen~etion for service not
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'exceeding 8 total o~ ten per cent reckoned upon the ".ross .income received by l:im as such,
'unle ss at sny time, 8 majority intere st of the oe stui que trusts Gonsent in writing to s> me
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larger compensation for 6r.y pOEt Ber.ice. :.Lhe .r..stee shell also 16 entitled to reimburf'e-
ment and indemnlfioetion from the truet 'f\rot'erty for ell his prouer ex-peneeE and liebl11ties. ~~
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and shell be entttleo at all timee to the services and advioe of counsel.
10. ~he ~rustee, in his individual oapaoity, ms~ purohase, hold 8nd own beneficial int-
ereats in this trust in all rea:P8 ets 6S if he were hut a 'Lrustee.
11. No transfer of benefi01al interest in this trust w,all ha binding uvor. t~e Trustee,
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or affeot him or the trust in ar~ way, unless end until the oertifioate of suoh beneficiel
interest shall be surrendered to the Trustee at his offioe in the City of Vero, ~lorido,
the transfer thereof no~d on his reoords and a new certifiobte of euch beneficibl interest
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issued by him.
In 08se of logs. mutilation or destrtotion of a oertifioate. the ~ruetee may is{ue
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8 new one upon 8uoh terms 8S he 8ees fit.
12. It i8 not intended to oreate hereby any r(lot1on of nertnerebin or of agenoy among
or between the :Crustee end the oestui que truets, or omonr the cestui que trusts, or between
any or 811 of the oestui que trusts; but tli.8 title to every several item of the property
ioonBtituting the trust estate shall be vested Bolel~ in the ~ruetee; and the ....ue que
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