deceased cliild of mine liv�ng, the �vnc,la of such residue sh�ll
<br /> pass unto such sole surv�ving child oi m-ne, :ree irom any trust.
<br /> P:+I,T FOLTF'�T'ri
<br /> If my wife Elsie Contryman doe� not survive me, or in
<br /> case tive die sir�ultaneously:
<br /> - (1) And, in case all of my children then surviving are
<br /> mcre than t�venty-�ive . ( 25) years of age� z give, uevi�e and be-
<br /> questh all of the rest, _esidue and remainder of `my estate ra-
<br /> maining af-Ler "Part First" of this, my Will, has been given ef-
<br /> fect, in equal shares as folloti�rs: One such share to each such
<br /> children of mine then living; and, one such share to the issue
<br /> of any deceased child of mine as a class and by rigl�t o: repre-
<br /> sentation; PRO�lIDED, and I direct, in case only one of m}� ch�ld-
<br /> ren shall be then living and is ttiventy-five years or more cf age
<br /> and there is no issue of a deceased child of mine living, the
<br /> �vhole .of such resiciue shall pass unto such sole surviving ciiilu
<br /> of mine, free frcm any trust;
<br /> ( 2) And, in case one or more �f my children then sur-
<br /> viving shall be less thun trventy-five years of age, � direct
<br /> that the residue and remainder of my estate remaining after
<br /> "Part First" of t}�is, my 4Yi11, has been given effect, shall
<br /> be divided into as many parts as there are then living chilciren
<br /> oC mine and deceased children of mine leaving �ssue nim or her
<br /> surviving; i give, devise and bequeath, li�� TRU�T, to Jchn i�.as-
<br /> mussen of Grand Island, Plebrasra, and The First IJaticnal Bank
<br /> of Grand island, Grand lsland, IJebraska, as TRU:�T'��=.5 one such
<br /> share for each of my children then liv�ng �vho Ls less than
<br /> ttiventy-five (25} years ei �age, I direct that t'r.e Lxecutor
<br /> of this, r;y Will, shall huve full authority Und discre�icn to
<br /> satisfy �n kind, and to select, uesignate, convey, as���n,
<br /> transfer and distr�_bute to the Trustees herein �n satisfac�icn
<br /> ci each ana every bequest herein in trust, cash, securities,
<br /> ana ot;fler assets c� my estate, including real estate, or any
<br /> interest therein, I may own at my death anci �nclucing �r�ct�onal
<br /> interests in My interest therein, and i further direct that any
<br /> assets of my estate distributed in kind to such Trustees shull
<br /> pass to such Trus-cees at their value �s finally determined for
<br /> I=ederal Estate tax purposesa I direct the Trustees to hold such
<br /> property und trust estates for sucf-� period, or pericds of t�me,
<br /> as hereinafter in "i'Urt i-ifth" of this my Will, provides.
<br /> I direct that in case such Jcnn RasMussen si�all nct
<br /> then r�e living, or sh�ll decline to c;uali�y as Trustee here�
<br /> under or ciie while ac;;ing us Trustee, that such Tne `rirst
<br /> National Bank of Grand Island, Grand Ls1Und, Nebrasl:a, sha11
<br /> thereupon be and act as the �cle Trustee.
<br /> I iurther direct thut one such �nure chali be distributeG
<br /> to each ch�ld of mine then livir�g whc is mcr� ti;:�n t�•����nty-five
<br /> YCc3I'S Oi u�C' � i:tll�� t}17t Gil2 S1,1C11 :ilZu!'C :.a}i.;ll (JE' �,i1��"���'.%�CU 'i3O
<br /> the :�ssue u� each cieceasea c!z �ld �i �ine as a c1Us� �nc: �y L�g!.;
<br /> ! of repres2n�cation, �nd ��ce ��rcm uny t��ust. .i iu_�tr�e� u�T�ect �t�naz
<br /> �ny such caistlibuticn may be r�aue to tne law�ully c:�,;st' tu',:ed
<br /> l guarciian of any suc}i benefici�ry.
<br /> i f;:=�T F�FT:f
<br /> ( 1) i direct thu� the Trustees, or Trus�ee, unae�
<br /> this Will, or any successcr Trustee, shall have Uli tne pov�ers
<br /> necessary for ana irlcident to carrying uut e�ci1 ar.d every tr����t
<br /> hereunder, and to �ell, iease, pledge �r �the�.�:��e d�spose oz
<br /> all or any part of said trust astate ir�m ti;.ze t� time and ���
<br /> inves#, �nd xeinvest the proceeds of any s��e cr �ul�s �iiey may
<br /> m�ke and to change investments anu to do ail such actsy tal;e
<br /> all sucil pr.�ceeUinn�, anu exercise ali sucn _�ghts and privilege,,
<br /> �j�
<br /> _ � ; /
<br /> �-• -r
<br />
|