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81-- ~)t+`354' 10 11 12 13 14 2a 25 26 27 .. 28 29 ~l 3i 32 f 'X ALL IiilM!?, LY#~! A ilA#!F 1 i B. The Trustors hereby retain the right for themselves and others to transfer property into the trust estate by lifetime transfer or through bequest 2 or devise by will or through any other type of transfer, and to make insurance policies or other contracts payable to the Trustee, all subject to future 3 acceptance by the Trustee. Any such property so added to the trust estate I~ shall immediately become subject to ail of the previsions of this Trust Agree- 4 (went and any amendments hereto. 5 ~~ C. Ail rights under life insurance policies and ether death benefit (~(~ agreements, the proceeds of which are made payable to the Trustee, are retained 6 ( by the Trustor who is the owner of record on such policies, including the right I(~ to change beneficiary designations, borrow on the policies, pledge the policies 3 ~; as security for loans, exercise options, and determine custody of the policies. ,~ The rights of any assignee of a policy, the proceeds of which are made payable 8 I; to this trust, shall be superior to the rights of the Trustee. If the owner other than the Trustee, such action shall nullify the application of this Trust Agreement to such policy. Any proceeds paid to the Trustee of this trust on any pa?icy as a result of *_he death of a Trustor or for any other reason, shall become and be part of the trust estate and shat? be subject to the provisions of this Trust Agreement and any amendments hereto. D. 50 long as both Trostors are alive, they shall have the right and power to collect any income that may accrue from the property in the trust estate, and may, in the sale discretion of the Trustors, either transfer said income to the Trustee as an addition to the trust estate, ar may retain said income in their indi•eidual capacities, free of the trust. 15 E. So long as both Trustors are alive, the Trustee shall also pay to or for the benefii of the Trustorssuch sums ? mm the principal of the conmun- 16 ity portion of the trust estate as the Trustors may, from tip to tune, request in Y,ritint~. The Trustee sha?7 also pay to ar far the benefit of the husband 13 !i Trustor such sums from the principal of his separate portion of the trust '~ estate as he Wray, from tip to time, request in writing, and the Trustee shall 18 also pay to or for the benefit of the wife Trustor such sums from the principal ~` of her separate portion of the trust estate as she sway. tram tip to time, re- I9 't quest in writing. 20 ARTICLE III.__~ AUAL?FICATIC`PtS ANQ IQEttT1 T!' CF TRUSTEE 2 i ~ ._~ - - A. Tire term "'Trustee" as used throughout this Trust Agree~rtt shat? be 22 understood to mean and include "Ca-Trustees" where the context requires. Both ' terms shah be understood to include such of the following combinations as may 23 be required in accordance with the terms of this Trust Agreement: 1. Any person serving alone as Trustee, or any bank serving alone as Trustee. 2. Two ar more persons servirsg together as Co-Trustees. 3. A bank and one or mare persons serving together as Ca-Trustees. If any bank is to serve as Trustee or Co-Trus*ee under the terms hereof, then in order to qualify to serve in that capacity, said bank must be d banking cor- poration duly licenses and authorized by law to provide trust services and crust have fatal assets in excess of One Hundred Million Dollars. u. The initial Trustee or CopTrustees of this Trust shall be as named in the opening paragraph of this Trust Agreement. The identity of the succes- sor Trustee or Co-Trustees shall be determined in the manner as set forth in Paragraph A of Article VIII of this Trust Agreement. _ Jy -