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<br /> provisions of the U, S. Code and Regulations app].icable to Federal `'
<br /> Estate Ta.xes in force and effect at the time of the creation of this
<br /> Tx'ust. -
<br /> . "My said wife shall. have the power to appoint by WiZI, free of
<br /> this Trust and such power shall be exercisable by her alone, all of the�
<br /> corpus and any undistributed income of this T rust, to such deviseea or
<br /> f' legatees as she may choose.' Said Trustees shall serve until this Trust
<br /> shall have expired on account of the payment of all of said Trust and
<br /> i ineorne therefrom to my said wife, or upon such payment by said Trustees �
<br /> upon the death of my said wife to the executor or Administra.tor of her
<br /> estate in the event that she shall. not have received all of the corpus
<br /> and income therefrom prior to. her death.
<br /> "B. The s'um of $5,000.00 to m son Leo etersen and m
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<br /> Elsie H. Reents, as Trustees, in Trust for the fol7.owing purposes; to
<br /> pay all real estate taxes which may be levied and assessed against Lot
<br /> Nine �9) in Block Two (2) of Lake View Addition in the City of Grand
<br /> I�land, Nebraska, prior to such real estate taxes becoming delinquent,
<br /> " so long as my sa.id wife Elsie C. Petersen shall be the title owner of
<br /> said real estate. This direction shall cease and determine upon the
<br /> death of my said wife, or upon her conveying sa.id real. estate or any
<br /> interest therein to any one whomsoevert but any such real estate taxes
<br /> levied and assessed against said premises prior to her death shall be
<br /> paid by said Trustees even though she may have died prior to their so
<br /> paying the same, if my said wife shall continue to be the record title
<br /> owner of sa.id real estate continuously from the date of my death to the
<br /> date of her death.
<br /> "C. All of said rest, r esidue and remainder of mg estate, and any
<br /> part of the $5,000.00 Trust fund provided for in Sub-paraqraph "B" hereof
<br /> remaining unused at the time of the death of my said wife Elsie C. Peter-
<br /> son, I do hereby devise and bequeath the same, share and share alike, as
<br /> follows: An undivided one-f ourth thereof to each of my three children
<br /> Irene Prather, Leo Petersen and Elsie H. Reents, and to their respective
<br /> heirs forever; and the remaining undivided one-fourtn thereof to my son
<br /> Leo Petersen and my daughter Elsie H. Reents as Trustees, 'in trust for
<br /> the use and benefit of my grandchildren Gretchen Kay Petersen and Florinda
<br /> Sue Petersen, they being children of my deceased son Walter Petersen,
<br /> whicYi trust is upon tl-ie following terms and conditions;
<br /> (1) Said Trustees shall opera.te and manage the assets and pro-
<br /> perties becoming a part of this Trust, be the same real es�ate, personal
<br /> property, or mixed property for the benefit of said cestuis. The pur-
<br /> pose of this trust is to assure the welfare and education of my two
<br /> grandchildren last above named. Said trust shall not be divided into
<br /> two equal parts during the administration of said trust, but shall be
<br /> kept as one fund, and shall be used in such manner by said Trustees as
<br />' said Trustees shall deem for the best interests of said grandchildren, .
<br /> for the reason that the needs of each during the life of this trust may
<br /> well vary, one of them might be afflicted with ill health and the other
<br /> have good health, or one of them might be more adept to acquiring a higher
<br /> eclucation than the other. I further expressly provide that this trust
<br /> need not be used exclusivel for the schooli
<br />, , y n of said randchildren but
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<br /> shall be used by said Trustees for such pu oses as will be for the best
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<br /> interests of each of said grandchildren, said Trustees to be the sole
<br />'I judges thereof. The amount paid to or for each of said grandchildren
<br /> from said trust shal,l be exclusively discretionary with said Trustees
<br /> if only to the general intent hereinbefore expressed for the purpose of
<br /> this Trust.
<br /> (2) Unto said Trustees I hereby grant full power to sell at public
<br /> or private sale� mortgage, excha.nge, convey and transfer or retain in the
<br /> same form as received by them as a pa.rt of this trust any part or all of
<br /> said trust property as in their opinion shall seem best, in such manner
<br /> and upon such terms and conditions a.s thEy shall deem best, and neither
<br /> of them shall be h.elfl liable nor responsible for any errors in judgment
<br /> made by either of them in the administration of the property of said
<br /> trust; I having full faith and confidence in their sincereness and judg-
<br /> ment in all such matters, and i further grant unto them alone all of
<br /> the above powers and the right to exercise them without further procurring �
<br /> any license, leave, permission or approval from any Court or Judge whom-
<br /> soever; I hereby further expressly provide �chat neither of them be re-
<br /> quired to furnish any surety on their bond as such Trustee, nor shall
<br /> any Successor Trustee be required to give surety on his bond �s Successor
<br /> Trustee so long as either my said son Leo or my said daughter Elsie be
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