Certificate Of Trust Existence And Authority Form - State Of Michigan (Page 2 of 4) in pdf

power to amend or revoke may be exercised by Grantors (or either of them) at any

time and without the consent of Trustee or anyone else, but the revocation or

amendment must be in writing. No amendment, however, may increase the duties or

responsibilities of Trustee without Trustee’s written consent.

If neither Grantor is acting as Trustee due to disability or death, as defined in

this document, successor Trustee may revoke this Agreement partially or completely

or amend it in any respect. The revocation or amendment must be in writing signed

by all currently acting Trustees.

Article VII Administrative Powers

Trustee has the power to perform every act that a reasonable and prudent investor

would perform incident to the collection, preservation, management, use, and distribution

of the trust assets to accomplish the desired result of administering the trust legally and in

the best interests of the trust beneficiaries, without the approval of any court or

beneficiary. During Grantor’s lifetime, however, Grantor may direct Trustee with respect

to any matter concerning the administration, distribution, or investment of trust assets.

Trustee shall have no liability for following Grantor’s direction. Subject to the foregoing,

and except as otherwise provided in this Agreement, Trustee possesses, in addition to or

in substitution for, but not otherwise in limitation of, common-law and statutory powers,

the following authority.

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7.7.

Deposits and investments.

Deposit trust assets in a financial institution,

including a financial institution operated by or affiliated with Trustee, and invest and

reinvest trust assets as would a prudent investor acting in accordance with the Michigan

prudent investor rule, and deposit securities with a depositary or other financial

institution. In exercising these powers, Trustee, consistent with its fiduciary duty, may

invest in and terminate investments in securities, common trust funds, and deposit

accounts of a professional trustee or any of its affiliates or in a mutual fund of which any

professional trustee or any of its affiliates serve as investment adviser or in any other

capacity; purchase and retain securities that are underwritten by a professional trustee or

any affiliate either individually or as a member of a syndicate; make investment

transactions through a brokerage company that is affiliated with a professional trustee;

and purchase annuities, insurance policies, and other insurance or investment products

through an insurance company that is affiliated with a professional trustee.

***

7.10

Administer real estate. Subdivide, develop, or dedicate land to public use; make

or obtain the vacation of a plat or adjust a boundary; adjust a difference in valuation on

exchange or partition by giving or receiving consideration; grant or retain easements;

dedicate an easement to public use with or without consideration; or otherwise deal in

real property, or any interest therein, as Trustee deems appropriate, without regard to the

duration of such interests.

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Certificate Of Trust Existence And Authority Form - State Of Michigan Page 2