Liquidating trust.

We, _________ and _________, both of _________, in the State of _________; _________ of the City of _________, and State of _________, _________, of _________, and _________, of _________, the grantees named in a certain deed from _________(company) dated this day by which deed there are conveyed to us certain lands and buildings in the City of _________, in the State of _________, declare and agree that we will, and our heirs and successors shall, hold the granted premises, and all other funds and property at any time transferred to and received by the trustees, for the purposes, with the powers, and subject to these provisions, for the benefit of the cestui que trusts (who shall be trust beneficiaries only, without partnership, associate or any other relation whatever), and upon the following trusts:

1. In trust to convert them into money and distribute the net proceeds among the persons at the time of conversion holding and owning beneficial interests, as evidenced by the receipt certificates issued by the trustees as provided. It is, however, expressly understood and agreed that the trustees may, in their uncontrolled discretion, defer or postpone the conversion and distribution, except that it shall not be postponed beyond the end of twenty years from and after the death of the last survivor of the persons named and described in the last paragraph. During postponement, and until conversion, the interest of the trusts shall be considered for purposes of transmission and otherwise as personal property.

2. In trust, pending final conversion and distribution of the property, to manage and control it, the trustees having, for those purposes and for all purposes of sale, lease, mortgage, exchange, improvement and development, and any and all arrangements, contracts and dispositions of the trust property, or any part, all and as full discretionary powers and authority as they would have if they were themselves the sole and absolute beneficial owners in fee simple.

3. In trust to collect and receive all rents and income from the property, and semiannually or more often at their convenience, to distribute any portion as they may, in their discretion, determine to be fairly distributable net income, to and among the several trusts according to their respective fractional interests. The trustees in this connection have full authority from time to time to use any funds on hand, whether received as capital or income, for purposes of any repair, improvement, protection or development of the property, or the acquisition of other property as the trustees may determine to be wise and expedient, for the protection and development of the trust property as a whole pending its conversion and distribution. The determinations of the trustees, made in good faith, as to all questions as between "capital" and "income" shall be final.

4. The _________(company) having determined to wind up its affairs and be dissolved, without waiting for final cash sale of its real estate, this trust is declared in favor, and for the benefit of the eight shareholders of the corporation, according to their respective fractional interests to whom the trustees shall issue proper receipt certificates, which certificates, and all others which may be issued in exchange or substitution, shall be deemed conclusive evidence of the ownership of the respective interest in this trust. The trustees shall, from time to time, on request (on surrender of the old) issue any new certificates as may be proper and necessary to evidence any new or subdivided interests.

5. The trustees shall have authority to borrow money and fix the terms of any loans, and give any pledge, mortgage or other security which they may deem wise.

No purchaser from or lender to the trustees shall ever have any liability to see to the application of any proceeds.

6. The trustees may employ all agents and attorneys as they may think proper and find expedient, and prescribe their powers and duties, and shall not be personally responsible for any misconduct, errors or omissions of these agents or attorneys employed and retained with reasonable care.

7. The trustees shall at all times keep full and proper books of accounts and records of their proceedings and doings, and shall, at least annually, render account of the trust to any beneficiary requesting it but no trustees