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HomeMy WebLinkAboutScan_0961 300 trusts; 30intly end severally, shall have not legel or equit~ble title, rirht or interest in or to eny severel item thereof. ~he right of the lestu1 que trusts shall rel'..e only to the net distributable ~rooeeds of the llquidntion of the truft, and, meanwhile, to the in- oome form the adm1nistr&t10n thereof. 13. ~he Trustee shall have no power to bind the oestui que trusts personally by any eot, negleot or default, and no oestue que trust shall be per80nally liable ae nartner o~ prinoiapl, or otherwi.e, u~on aooount of any e~ress or Im~lied oontraot made by the ~rustee, or made in any way in behalf of the trust estate, or upon aooount of any tort oommitted by the ~Yustee, or by any offioer, agent or se7vant aoting unde~~im or in his behalf, or in any way conneoted with this trust or ita adminietration; but all oestue que trusts and ell persons, firms, oor~or8tiona and ass6oiations extending oredit to,oontraoting wlth or hav- ing any olaim against the ~rustee ~ of any oharaoter Wt.utJiOeV6r, whether legal >>r equitable, and whether arising out 01 oontract or tort, shbll look bpi, to the funds and property of the - trust estate for payment of for indemnity, or for the payment of any debt, dambge. judgment of deoree. or eny money that otherwise may beoome due or payable from the irustee, so that neither the Trustee, nor any of hi~ offioers or agents anpointed by him hereunder, nor the oestue que trusts. shell te nersonally lieble tr.erefor. 14. The Trustee shall, on entering into contracts and in the exeoution of notes, bonds or other written instruments obligatory upon the said estate, set forth in a~~ronri6te terms thnt the said instruments are not entered into by him nor bind~ng ur.on him individually, but only 8. ~rustee of this estate, and that oontraots or obligetions Ere to be satisfied or perforlllli1<1 ou~ of the 88S858".r said trust estate only. But the failure or neglect of ouoh Trustee to so declare in any instrument, contract or obligations entered into for the purpose of 08rr~ing out the objeots of Eaid trust, shall not be oonstrued to render said Trusttecindivldually liable thereon. but the same shall be obligations binding unon and J !I performabl:e only out of the Bssets of said trust e stute. 16. All written oonveyanoes of real pronertJ, at wh&tever tiree tEken by the . . .M-.~ Trustee 8s BUCh,Shall name as ~8tee the ~rustee and ~ designate him as ~rustee tnder this ~olaration of ~rust, referrlng to the same by its book and page record in the offioe of the hecorder of >>eeds in the offlce of the Clerk of the Clrouit Court of bt, Luoie County. in the City of .ort ~ieroe, .lorida. 16. ~h8 reoording of this instrument shall be at suoh times end in suoh n18~ps as . ~LVJ' the Trustee IIIl.lY in his discretion, 4etermine to be neoessary or-erpi4ent, end he .~ in like menner datermine the form and reoord of all munimente of title. 17. The death of eny oestui que trust shall not terminate the trust nor entitle his legal representatives to claim en acoount tr to ieke any Bction in the oourts, or othe~:iee, egainst the trust estate or the trustee, but the executore, ~dm1nistrator8 or assigns of the deoedent shall sucoeed to all the rights of the deoedent under this instument u~on produoing his oertifioate of benefioial interest. 18. In oase of death, resignation or disquslifioatiOil of the trustee, a new trustee may be a~~ointed for the unexpired term by a oourt of Bquity of oomnetent Jurisdiotion; and l~' , j] suoh a~pointment shall be attaohed to the ori~inal of this instrument and reoorded with the Reoorder of De~ds in the offioo of the Clerk of the Cirouit Court of St. Luoie County, in the Oity of fort Pieroe, State of .10rlde. 19. !ht title of this truBt (fixed for oov.nienoe) Shell be "iOCa~nTA5 REALTY TRUST" and the term "!lust.e- 1n this inst~nt shall be deemed to inolude the original end all suco.ssor trustees, the offioe of the ~rust ~.t8te eball be in the City 01 Yer~, ~lorldet '-, the %rustee in his disor.tion and for the serving ot the best intere8ts of the truet ~:. ...:: 2/C;':, ~f~'. ~.::c ,:~~.)~~;~, .,.... ~