P. To determine what constitutes income and what constitutes principal of
any of the trusts, including stock dividends and subscription rights, and to apportion the
same between prineipal and income.
ARTICLE VI; All payments of income or principal hereunder to any and all of
the beneficiaries and any and all of the distributees hereof are to be made free from the
control or interference of any husband or wife of any of said beneficiaries, and said
beneficiaries shall not have any power or right to anticipate, mortgage, encumber, pledge
or mortgage either income of principal, or to give orders in advance upon the Trustees for
‘any payment of income or principal nor shall any income or principal in any way be
subject to any legal process, bankruptcy proceedings, or the claims, interference or
control of creditors or others by reason of a debt, contract, liability, engagement or tort of
any beneficiary. The Trustees are hereby given power in their sole discretion to withhold
at any time payments of income from and principal of the Trust Estate, to any’and all
beneficiaries, it being the intent and purpose hereof that all benefits hereunder shall be
received solely by the beneficiaries named herein and that such benefits shall not be
availed or be received by others through the act of the beneficiaries except in the sole
discretion of the Trustees or by operation of law.
ARTICLE VII: The trust established hereunder shall at all times be governed,
construed and administered in accordance with the laws of the State of Maine.
ARTICLE VIIL; No bond shall be required of the Trustees hereunder and in the
performance of their duties hereunder they shall not be liable for any loss or damage
except that which results from their willful misconduct or gross negligence, nor shall they
be liable for acts of omission or any error in judgment if made in good faith.
ARTICLE IX: In the event all of the real estate has been conveyed, this trust may
be terminated by unanimous vote of the trustees and the assets distributed as hereinafter
provided. In any event, this trust shall terminate upon thé death of the last survivor
among the grandchildren of whereupon the trust shall cease and
terminate and the assets shall be distributed as follows:
‘The entire assets of the trust, including principal and any accrued income shall be
distributed to those holding beneficial interests as of the date of termination in proportion
to their percentage interest.
Atany time on or before the termination of this trust as provided in this Article,
the trustees may, by written instrument, extend the term of this trust, provided the term as
extended shall not be greater than that permitted by any applicable law.
ARTICLE X: This trust is irrevocable but may be amended from time to time by
a majority vote of the trustees so long as the effect of any amendment is not to revoke this
trust.
FAMILY REAL ESTATE TRUST FORM
‘Sana tree