200113323 - Laserfiche WebLink

Browse

200113323 CERTIFICATE OF TRUST EXISTENCE AND AUTHORITY NAME OF TRUST: JEROME W. NIEDFELT REVOCABLE TRUST GRANTOR: JEROME W. NIEDFELT TRUSTEES: JEROME W. NIEDFELT and DORALENE F. NIEDFELT DATE OF TRUST: AUtgucy Z2 , 2001 The following is a summary of key provisions contained in the above -named Trust as of the date hereof and may be fully relied on as being accurate and current by persons dealing with the Trust: 1. During the lifetime of the Grantor, the Grantor is Grantor, a co- Trustee and Beneficiary of the Trust. He has full power to deal with the Trust Property the same as if he were the outright owner of this property. Whenever the Grantor is serving as a Trustee, he may conduct business on behalf of the Trust without consent or approval of any other Trustee. 2. Subject to the provisions contained in Articles IV and XIII of the Trust Agreement, if the Grantor becomes disabled, dies, or is unable or unwilling to manage the Trust Property as a Trustee, then DORALENE F. NIEDFELT, or her successors and assigns, shall serve as sole Trustee; provided, however, in no event shall the Grantor's Spouse serve as sole Trustee of the Family Trust, the Marital Trust or of any other trust created or established thereunder. Subject to Article XIII of the Trust Agreement, in the event that neither JEROME W. NIEDFELT nor DORALENE F. NIEDFELT is able or willing to serve, then BARRY W. NIEDFELT shall so serve; if BARRY W. NIEDFELT is unable or unwilling to serve, then JOHN C. NIEDFELT shall so serve. A successor individual Trustee may appoint a trust department of a bank or other financial institution or other qualified corporation, whose assets under management exceed Ten Million dollars ($10,000,000.00), to serve as a Co- Trustee or as sole successor Trustee. 3. During the Grantor's lifetime, pursuant to Article III of the Trust Agreement, he retains the power to alter, amend or revoke the Trust; provided, such action is in writing and signed and dated by the Grantor and delivered to the Trustee. 4. Under this Trust, pursuant to Article XIV of the Trust Agreement, the Trustees have all the powers set forth in the Nebraska Trustee's Powers Act, including, without limitation, the power and authority to receive, hold, manage and care for the Trust Property, to invest and reinvest in property, and to convey, mortgage or encumber real and personal property. In confirmation of the foregoing, the undersigned Grantor states that any person or institution dealing with a Trustee herein named shall be fully protected in relying on his or her representation that he or she is authorized to act under the Trust. Dated: Lk6 tA57 2'L . 2001. By: OME W. NIEDFELT, Grfintor