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201308204
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Last modified
8/19/2014 2:24:14 PM
Creation date
10/9/2013 8:20:34 AM
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DEEDS
Inst Number
201308204
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201308204 <br />6. Reallocation of undistributed shares. If the Trustee has allocated a <br />share for one of the Trustors' heirs who is unwilling to receive his or <br />her share, the share of that heir shall be divided and distributed equally <br />to the other trustees /survivors. <br />7. Termination of Trust after Final Distributions. After paying all of the <br />Trust debts, liquidating the Trust assets, and distributing all of the <br />Trust assets as provided in this section, Trustee's obligation shall cease <br />and the Trust shall be deemed terminated. <br />ARTICLE IV <br />POWERS OF TRUSTEE <br />Subject to the other provisions hereof, Trustee is authorized and <br />empowered to manage and operate this Trust as follows: <br />A. To invest the Trust Estate in any property, real, personal or mixed, <br />in which any individual may invest his or her own funds. In <br />making investment, Trustee shall exercise the judgment and care in <br />the selection of the investment for purchase or acquisition which <br />persons of prudence, discretion and intelligence exercise, not in <br />regard to speculation, but in regard to the permanent disposition of <br />their funds, considering the probable income as well as the <br />probable safety of their capital. <br />B. To sell, transfer, lease for terms within or beyond the term of the <br />trust and for any purpose partition, subdivide, improve, repair, <br />alter, mortgage, exchange and/or encumber all or any portion of <br />the properties in the Trust in any manner and on may terms which <br />Trustee shall, in Trustees' absolute discretion, deem to be for the <br />best interests of the Trust and the beneficiaries thereof <br />C. To receive and collect all proceeds, rents, income and accruals and <br />claims of every kind payable to the benefit of the Trust. <br />D. To deal with any indebtedness, liability or obligation due to or <br />from the Trust which may at any time exist and in connection <br />therewith, Trustee may make extensions, compromises, or other <br />agreements relative thereto as appropriate in Trustee's judgment. <br />E. To execute or enter into contracts, deeds, agreements or any other <br />documents of any nature whatsoever which Trustee may deem <br />necessary or desirable to carry out the provisions and purposes of <br />the Trust. <br />
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