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Filing # 181352826 E-Filed 09/07/2023 05:11:31 PM
REVOCABL! wore
B Gs VING TRUST AGREEMENT
Te “PETS
8 TRU T AGRE. MENT, signed on March 26, 1996, by BETTY 4.
MoCALLEN , Ora
Grante nd
nd BETTY ©.
as a MeCALLEN, as the Trustee,
provides as follows:
i Ou EL
”
he
8 Trust aL be known ag the "BETTY L. MaCALLEN Revocable
Living Trust, dateé March 26, 1998."
ARTICLE 2
A Initial Trustee. The initia ey.
4 22 8 of s Trust shall
be BETTY L. MoCALLEN. Throughout this Yruet, a4
such person si bE
re re no as one
wy rustee".
52 Successor Trustee. The Grantor hereby nam the following
persons to serve as Suc asor Trustee to the initial Trustee, to
se ve in der
on dex of
of nomination: my son, JOSEPH R. MaCALLEN, then my
daughter, PATRICIA 8a RUGHES , then y daughter, DEBORAH Le
MaCALLEN. Through this Trust, whenever the Successor Trustee
shall have assumed 1e rust eship of e is Trust, then
references to “PTrustee”™ shall be taken to no alsa Successor
iy bee
Ee
engation of Trustee. The Trust en foe than
por ev iste may collect annual compensation of up one per
cen d of the total gross value of tt he Trust assets as of the
da e the Trustees assu 3 the trusteeship of this Trust. Co-Trustees
shall snare such on
suck a compensat i LOM
Electronically Filed Pasco Case # 2023CA004302CAAX
WS 09/07/2023 05:11:31 PM
BL tL ot ne aly
Be Reimbursement for Expenses. The Trustee shall be entitled
red imm bursement for any
ny out-of-pocket expenses incurred in
administering this Trust, including but nne eo ot limited ne t me Lost
from em ent
2ytt ere!
eE. rm.
stee's Duty BE nb t. ne Trustee shall ent
ori ent the
the
iny VEStments.
in o this rust: the sole benefit of the Grantor during
5
he
the &: mhor's lifetime, without regard or consideration of any
benefits to be dex ved by any fu re or contingent beneficiaries.
indemmifica on of izustee. This Trust shall indemnify
Trustee in iL from the Txust assets for any liability held
against the Trustes resulting Pr om
ix any litigation for any other
type or form ¢ action, legal or otherwige) €£ dled ns
2 us tituted or
tb en by any person against the Trustee, where such iitigation 43 3
based or predicated pon
wu pon (i) this Trust, (2) & ANY ya
¥ a ssets or property
this Trust, ' } ary
Co aotion or acthile s of the Trustee hich are
related in
in any way to the Trustee's perfor noe of fiduciary duties
as Trustee herec , Or (4) the Trustee being algo a beneficiary of
th S$ rus aT a re 3 3, this Trust sha 14 hold the Trustee
#from
hay ‘legs any of tr 4 above situatior
GS. SQzEPOrace Hh
T he following terms
custees. and conditions
Shall apply t a orate ‘rustee named in this Trust by the
Grantor upon L acceptance ot
er the trusteeship of this Trust:
The corporate Tu et
sh ae shall recelve fox its services
co mpensation in a coer
COX jance with its x gular schedule of
ees in effect at the time the fees a € computed, which
in the discretion
: © f t }k ne corporate Trustee be paid
from either pri 3} or income.
ad
ere Pewe rT ar ne veh
& corporate authorized t 2*y reta an
rugtee in
nh the
st any rec property
ed by it hereun during the
existence of this Trust, ox purchased by it pursua to
written dire ons of the Grantor as provided
Ry anc. ding
it sh re as of the corporate Trustee’s own
5H 2Ck, nene
whether or the character permitted by law
for the investment of trust funds, if and as long
; as the
COT rate Trustee, the exercise of good th and of
reasonable prudence > discretion & intelligence, may
consider at such retention is in ast inte este of
eb est
the Trust .
All property taxes, assessments, fees, charges and
ine ree a ey other
expenses by corporate Trustee in the
administration or protection of this Trust,
including
the compensation of the corporate Trustee as provi
her
ded
ny shall be a charge upon the Trust estate and
shall by, ie ve id by the cor orate Trustee in
full out of
LE L or in full it f£ the income cf the "v rust
est ce, or ie ¥y our of each of th ie
tk in such a
marny er and proportions as he corporate Trustesoe in its
discretion may determine o o be advisab prior to final
distribution of the cau ist ist, property.
ARTICLE 33
JE LE RY _OF TRUST PROPERTY TO ‘erp
TRU! STEE
The eaora
noer has trans rred and delivered to xe Trustee all
t ny *
the assets and prope preser as
2oLy sted on Schedul 3 vAn attached
hereto, as well 4 ee
as any and other property o £ whatey k nd and
mature, whether r 1L er personal, and Ww hhex
y 1eYev lo.
1
ex ted, that the
Grantor may add te this Trust in ct The con
con, sideration for
this delivery shall be t 48e covenants e sressed in this Trust as
well as Ten 4 ars
Dol tars ($10,00) and other val ble consideration. Th
¥
Trustee shall be d and administer the assets of eK
th. As Trust on.
behal ¢£ o = the Grantor, upon the &t
and conditions of et
is et.
The Trustes hereby acknowle ges -t of an 1a
rece such assets
property,
wre meerr ne An tates
ARTICLE 4
2BLTIONS. it "A pr
Mich A. 132 PRINCIPAL
AS song as thi Trust remains in effect J@x LE after the
death of the Grantor) the Gra nor
ntor or any other person with the
consent of the Grantor or the Trustee, may add othex property to
this Trust, by tx neferxing such propert ta the Trustee by deed,
qn x+ by any other means. or method. Such additional
erty
propert s allYY L be covered by the nes of
provisio one this Trust, even if
such add property is at 1ere after actually listed on
on
edule oRA *
The deposit of any such additional property with the
is.
stee, and the passing o £ such p x+ operty to the Trustee under the
s of EF
bh is “y
Trust or the terms of the Grantor’s Will, shall
e ective regardless cf hhy e ic
be a sation or State of the Grantor's
2
Legal xr esic nce All of
o£ &£. he property receli st
aby the Tr st ee shall
a de and ad iniste Gas a part Gra
Ca of this Trust. The Gra. ntor
have been advised, and fully reo ognizes, }
that
chat property not
bra. ngferred to this Trust may be ib
a ub to prob e proceeding
AR pT ey
TICLE 55
TPAL
L VCOME AND FI PASABLE YO GRANT
or the x ni ir e
nm ng Lifes imi of the Grantor, the Trustee 8Ssst ai
mace the
the follow payments from this Trust to the Gran tor
tor:
Net. r es Pavable tc bhe Grantor. 1p!T
he Trustee shall pay
dir ct Ee ¢ 2
y OF pay on k if OF3£ the Grantor ali of the net income
earned by the Trust assets in
in aysr amounts the Grantor designates,
unless Thy
Tx
che ee is instructed differently by the Grantor.
B. Principal Payable
to ih:bh 8 Grantor. The Trustee she pay
gid es ae ¥ ar aoe sabes
sel 1 y
eeect to the Grane o5 any p rtions of the ori neipal
pri of t is Trust
oh at Ae antor anstxr Tn addition,
cis, the Trustee, in the
Trustee's sole wa absolute di 3 soretion, may pay directly to the
6Grant or
t ox use @ Grantor‘ s nefit, any portions (or all) of
rhe ea
ear pal of this Trust that the Srustee determines to be
mire for tne Gran ors support. and comfort, or £O0 any other
purpose which the Trustee determines to be 4 n the Grantor’s best
Lnterest,
ART B 6
EOW ERS OP TRUSTER
A. The Trustee shall have the follow ing ri Aes and powers
over any of the Trust asset without lim tation, in addition to
any other or similar powers conferred by the laws of the Stat. 6é of
Florida or of ny other State in wi eh the Trust sy ll he s ituated:
As. St. Sources:
an
To receive additiona 7 assets Srom any
source co add the same to the tet
Tr ust principal
£ 2gale or
2as2 © Lease: To sel exchange, mortgage
pledge any roperty, real
lease, or
of personal.
3. im suments : To invest and reinvest of the Y part
Trust p.Oxincipal in ve following any real or property,
ay wherever located, incl ding any
las. sifi ed ed un eal property
un der the laws of the st e@ of Florida
sOMEeSst ae real ae
property; be ‘ Geposits of an a,
a ah my g buy notae niced to check ing ine a od
cen y unts, SA
Sa v3 gs
ac unts, money market at Of
accounts, and cer fi of
deposit; annuit a fe insurance contract s3; life
insurance policies ’ he er the same be whole life, er
fe, or universal 1Lif @ej securit Cer
es, intluding (but no
3d ted to) common a na
nd mutual funds, investment Crus
vtificates, iq
bond 3 Ss, debe ures, preferred stocks and
tH €s KS; Unie a States Treasury Bills and T
easury
Notes; mortgag and mortgage participation
certificates; and yr oy
minera
leases and
5 OY alalt
t tes, relating ro
1 oil am gas; L ited partnerships; and
obligations ‘ 5 ared ox unsecured) ; and to cause any
5
gid wari at 2 sok
securities held by the Trustee he registered in
"street name", Or ust eea's own name, without
Ac. Clon o eo du oc jary capacity, without
SO do ng. liability in
4 o vin
oryx owing:
borrow 38 ttu ny source
ustee da ermin
any amount the
be be ecesgary and may pledge as
security for any loan ATTY st assets
pr
Lo any sec ur vote upon any
pr oposition or lection a ar Ru eting and to gran
proxies, sor onary or her wise,
ot her GO vote at any such
m 3
eet ing.
6 Mardins: To bi uy
uy, sell in 3
including
Aan trade in ny 3 urities
leg
short sa ies, Or roe argin, and for su ch purposes
May Maintain and operate ma gin account 8, and may pledge
any securities held o purchased by the
BY Trou tee with
DE a as securit ror jeans and advances made to the
Tx us ae
Fe t Jnoxrod ave i
we £et SV Agsets:
Yert
3.8 e To acquire Or rétain property
retu irning no income -or ght ine: ome
an
Bu.
in Trust to main
assets in on cash,
deposit, uninvested; to
or and
Cai Ly fest or 31 ein
ein Vest any part of the Trust assets
in
in inprodu ctive property, of any kind.
a R ae 5t
ate investments To prove any real property,
ne ng the power to demali aye erect
buildings;
le ase y i nel co
Prop ¥ inc aL1M hg the power be lease
to
periods property
Or which extend xrx may xtend b eyond
curation of the ‘ 7T nd > forecio
tne
- se, expa nd, assi gn,
ase, and di harge or sat is 4 fy
mortgages, agreements
eeed, and similar instruments Ss
Jistrib on a: ve
a: £2 dis bributd
t riputlion in kir a,
thty @ fe nt oF ru st
TEU
cont eeets cash ox
con ination of both.
10 Det zirin. Raton gf What i income Pri nein.
nel al to
determine wha & is "“princip. ar do wh is "income"
the Trust, w of
out regard to st
any Boe ute or rule of law,
pr ovided standard acceptable accou: ing principles are
Ld owed.
44 Me 1He
LL
Bec fi esbearer
313:
form, the
tle: To held bonds, shar es
es or
or other
or in the name of the
Tr ee. ‘ without indication of any fiduciary capacity
and depe ;
as in a checking or savings ac eo
cou nt,
a bank or savings 23 loan in
sociation and withdraw fro at
nie ey ne om
3@2 Sane Wh hour indicat T of fiduciary capaci exp
cy.
a9 t hdvawal
a2. W Payments:
To enter into any fixed payme nt nt
th ey nd{s)
withdrawal plan i ch ny mutual fu authorizing
paymerte bo the Grant ar or any other beneficiary of a
Spe ed monthly arn urwm ble from. income dividends,
ca a ga s distribu one, or from rhe px ceads of
ye
qui dat of Ares of muty fund(s}, and ta
deposi * shares of sch mutua fun Gla
ONS } with a custodian
or
3 ot a pursuant £o y ae nh author 4L Zac Lon.
on
13. Professional Employment : employ accountants,
att neys & ue
uc h, ag ts as the Tru: ee may deem
advisable, and to pay reasona compens: on for ir
se “OS.
4. te
Le make loan secured or su ok
oh
unsecur 2
mm ww nts
nts, at such rates of int a , “Upon such ter 1s and
co Su persons, £ rms or
oG Epor
ox tions as the Trustee
shall approve.
4158
5 adiu art
ry
ee Consequences. To
TO
in 4
take any action
neces. Le make any tax election(s), order bo
minimize the tax liabilitie of this Trust and the
b ne
my cliaries named herein.
Lé. Litigation. To initiate & ad defend any Litigation
€ + ating to the
the Trust or any property held in the
the Trust,
and to compromise or settl ae oy such claims.
a7. To maintain insurance coverage 1Ln the kinds
and the amoun bs
of is which the Trustee deems advisable, to
terminat any such coverage, and to collect any refunds
of premiums.
A uth
uth ziged Signat: 23 designate aut horized
sign es on acce ne cS Wi th Dar ba ks and savings and loan
sot on wh eX or Fie 8 7 uch signatories b aa
Tru e. an dali Asst it ons rely ag on such aut norized
ignact re
re are KC 1erated from any loss, is or
Liab il ity.
19) Durable Power of Attorney exe a Durable Power of
A ttorney granting to an a rney-in-fact named i n 1 such
Durable Power of Attorn yet 2 author y to act behalf
of che Te +v istee regarding any of the assets of thi
thi
Trust.
B Evary Successor Tru 3g ta
tee appointed her
her eunder shall possess
are