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201704501
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Last modified
7/5/2017 3:42:53 PM
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7/5/2017 3:42:52 PM
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DEEDS
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201704501
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201704501 <br />or generally described, as fully and effectually to all intents and purposes as I could do in my own <br />proper person if personally present, hereby ratifying and confirming all that my agent shall lawfully <br />do or cause to be done by virtue of this power of attorney and the right and powers herein granted. <br />38. Restrictions on Powers of Agent. Notwithstanding the powers given my agent in <br />other provisions of this document, my agent (a) shall have no incidents of ownership in any life <br />insurance policy in which I own an interest and which insures my agent's life, (b) shall not hold or <br />exercise any powers which I may have over assets my agent has given to me or over assets held in <br />an irrevocable trust of which my agent is a settlor, (c) shall not transfer any of my assets in discharge <br />of any of my agent's legal obligation, (d) shall not transfer to a third person any asset of mine in <br />which my agent has a beneficial interest, (e) shall not hold or exercise any fiduciary powers that I <br />now hold or may later acquire, (f) shall not hold or exercise any power which will cause my agent <br />to be personally taxed on my income, and (g) shall not possess a general power of appointment (as <br />that term is defined in Section 2041 of the Internal Revenue Code, as amended) with respect to any <br />or all of my estate. <br />39. Nomination To Serve as Conservator. Should it become necessary for the <br />appointment of a conservator for my property, I hereby nominate my agent as such conservator. <br />40. Ratification and Declaration in Favor of Persons Without Notice of Revocation. <br />I hereby promise at all times to ratify and confirm all and whatsoever my agent shall lawfully do or <br />cause to be done hereunder, including anything which shall be done between the revocation of this <br />document by my death or in any other manner and notice of such revocation reaching my agent; and <br />.,.htrchy declare that as against me and all persons claiming under me everything which my agent <br />shall do or cause to be done in pursuance hereof after such revocation as aforesaid shall be valid and <br />effectual in favor of any person claiming the benefit thereof who before the doing thereof shall not <br />have had notice of such revocation. <br />41. Power of Attorney Effective Notwithstanding Disability of Principal Continues <br />in Effect After Principal's Death Until Notice. Pursuant to the provisions of Nebraska Probate <br />Code Section 30 -2665, I declare that this power of attorney shall not be affected by my subsequent <br />disability or incapacity, and that the authority granted herein shall continue during any period while <br />I am disabled or incapacitated. Further, pursuant to Section 30 -2668, all such authority shall <br />continue after my death, until notice of such death shall have been received by my agent so that my <br />agent has actual knowledge of the fact that I have died. Any action taken in good faith by said agent <br />during any period while it is uncertain whether I am alive, before my agent receives actual <br />knowledge of my death, or, in any event, taken during any period while I am disabled or <br />incapacitated, shall be as valid as if I were alive, competent, and not disabled. <br />42. Revocation of Prior Powers. I revoke all prior General Durable Powers of Attorney <br />(except Special or Limited Powers of Attorney and Powers of Attorney for Health Care and signature <br />powers over savings or checking accounts) that I may have executed, and I retain the right to revoke <br />this Power. <br />43. Revocation of This Power. This Power can be revoked only in the following <br />manner: <br />8 <br />
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