T-070 - Laserfiche WebLink

Browse

r _ _ _ _ _ _ _ �� 1�1L� ��.5� 1�1 �� V � �� 17b04—The Auguatine Co., County Suppliea, (3rand Island, Nebr. That this estate owns a residence property in Grand Island,Nebraska, mcare particula�+ly described as follows: Lot Nine (9) , Block Eighteen (1�) Wasmer' s t�ddition, to the city of CTrand Island, � Nebraska. - That the residence building and private garage located on said property are in need 02' repairs, (need painting, new eve-trougha and down spouts and incidential repairs) �he cost of which wou3.d be inadvisable at this time and would amount to about �400.40t owing to 'the age of said property other repairs s.aill be needed in the not far distan� future so that said property is apt to become burdensometo the estate and should therefore be aold ' to avoid repairs, insu�ance and taxes and to obtain funds to pay w3dow�s annuity. Your Trustee Yurther states �hat the wi11 oP decedent provides tha� the trustee ahall pay Dora A.Patterson, widow, of Deaedent, �50.00 per month and as much mvre as shall be reaso�- able and necesaary in the discretion o�' Trustee for her support and maintenance during he� l.ifetime and your Trustee has found �75.00 p�r month neeessary and proper Por said purpos� � and has paid said amount �75.J0) to said widow sinee Trustes�s apoointment including the ! present time. That your Trustee has on hand oniy ��4�F. 71 in cash and a �1,000.00 United 3tates Government Bond which asseta will last only about eighteen (1�) months for payment o� said. widow�s sup�ort and maintenance; that said widow is in good health and has a life expect - ancy of several years. That the net annual income Prom rental of said property is on1.y about �500.00 which' sum �ill be inadequate to pay said widow' s annuity after the funds on hand as above men- tioned are exhausted at t�hich time s�.id residence property would have to be sold to pay ' said widow�s allowance and an advantage�us sale f'or cash might at said time be impossible, That the will oP decedent clothes your Trustee with full power to sell and convey real estate b elonging to the satate and to execute conveyance of same without appraisement or authority or apnroval of the Caurt as follows, to-wit: V. '�8ub�ject to the provieions herein�.Pter set Porth governing distribution of prineipa�. and income, said Trustee shall h�.ve absolute control of the Trust Estate, and shall handl�, manage, sell, invest and re-invest, lease for any term, irrespeetive of the per3od of the trust, and deal with the Trust Estate in such manner and f orm as to it shall seem wise, without responaibility as to the exereise of its discretion in so doing, all statutory requirements or other limitations as to the inveatment of trus'G Punds now or hereaPter enacted or prescribed being hereby expressly waived, and, in the execution of said trust, said Truatee is authorized and empowered to comply with all legal r equirements as to the ; execution oP a.11 wr_itings, deeds, leases and other documents and formalities wltho�t the order of any court. "- - - - - - - - V1. "My Executors or Trus�ees may, at t heir discretion, wit�aout appraisement and at private or publlc sale, sell any real eatate o�' �thich I die selzed or entitled to, and are hereby empowered to give good and sufficient deed conveying title to said real estate�.° That the personal e�fec'ts of this estate are inadequate to assure the payment of debts and ch�rges, including widow�s allowance, costs of administration and the taxes and upkeep on the homestead in Council Bluffs, Iowa, which produces no income and which is occupied by the widow of decedent; that said property at 4rand Island,Nebraska, should now be sold before further re�airs are needed or made and thus assure f�nds on hand for the future expenditures here'�ofore mentioned and provided for in the will of deeedent. That there are no unpaid ciai�ns against this estate exce�t hereinbefore mentioned; that your Trustee has heretofore filed a. full aceount oP the dispoaition made of personal property showing ��C?.39 cash and a �1,�00.00 United States aovernment Bond as the only ! personal property on hand on �y 20, 1939, since whieh �ime .your Trustee colleeted and e�pended under authority of the will of decedent and order of Court as follows, to-wit: ;