Common use of Powers and Duties of Trustee Clause in Contracts

Powers and Duties of Trustee. The Trustee shall have all of the powers allowed to him by the provisions of the state law governing this Trust (see Paragraph 18). The Trustee shall specifically have the power to make and execute contracts for the lease or sale of the Trust Property, mortgages secured by the Trust Property, option agreements for the sale or lease of the Trust Property and to otherwise dispose of the Trust Property as the Trustee shall be directed by the majority in interest of the Beneficiaries. In addition, the Trustee shall have the power to perform any act that the majority in interest direct the Trustee to perform. The Trustee shall exercise his powers only upon the written direction of a majority in interest of the Beneficiaries. The Trustee shall have the duty to maintain an accurate record of the Beneficiaries of this Trust, which record shall include the name and address of the Beneficiaries and their respective interests in the Trust and be designated as Schedule "C". The Trustee shall only have such other duties as required in writing by a majority in interest of the Beneficiaries. The Trustee shall not have the power to bind the Beneficiaries personally to any debt or obligation without the express written consent of the Beneficiaries.

Powers and Duties of Trustee. The Trustee shall have all of the powers allowed to him by the provisions of the state law governing this Trust (see Paragraph 18). The Trustee shall specifically have the power to make and execute contracts for the lease or sale of the Trust Property, mortgages secured by the Trust Property, option agreements for the sale or lease of the Trust Property and to otherwise dispose of the Trust Property as the Trustee shall be directed by the majority in interest of the Beneficiaries. In addition, the Trustee shall have the power to perform any act that the majority in interest direct directs the Trustee to perform. The Trustee shall exercise his powers only upon the written direction of a majority in interest of the Beneficiaries. The Trustee shall have the duty to maintain an accurate record of the Beneficiaries of this Trust, which record shall include the name and address of the Beneficiaries and their respective interests in the Trust and be designated as Schedule "C". The Trustee shall only have such other duties as required in writing by a majority in interest of the Beneficiaries. The Trustee shall not have the power to bind the Beneficiaries personally to any debt or obligation without the express written consent of the Beneficiaries.

Powers and Duties of Trustee. The Trustee shall have all of the powers allowed to him by the provisions of the state law governing this Trust (see Paragraph 18). The 18).The Trustee shall specifically have the power to make and execute contracts for the lease or leaseor sale of the Trust Property, mortgages secured by the Trust Property, option agreements for the sale or lease of the Trust Property and to otherwise dispose of the Trust Property as the Trustee shall be directed by the majority in interest of the Beneficiaries. In addition, the Trustee shall have the power to perform any act that the majority in interest direct the Trustee to perform. The Trustee shall exercise his powers only upon the written direction of a majority in interest of the Beneficiaries. .The Trustee shall have the duty to maintain an accurate record of the Beneficiaries of this Trust, which record shall include the name and address of the Beneficiaries and their respective interests in the Trust and be designated as Schedule "C". C. The Trustee shall only have such other duties as required in writing by a majority in interest of the Beneficiaries. .The Trustee shall not have the power to bind the Beneficiaries personally to any debt or obligation without the express written consent of the BeneficiariesBeneficiaries.5.