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DuringO <br /> Settior's Life <br /> 2. Net incomeflnd Principal of" [`rust. During the life of the Settlor. the <br /> Trustee shall pay the net income and principal of the trust estate as the Senior,directs and. <br /> if not so directed, the Trustee shall pay to or for the Senior, such part of the net income <br /> and principal as the Trustee deems advisable. <br /> 3. Senior's Residence. So long as the Sot lye nod competent, Senior <br /> shall he in full, free and undisturbed possession of th,"trust which is used as <br /> the Senior's residence. The Settlor may occupy and use such rcsi ictice to the fullest <br /> extent incident to ownership,with no rental or accounting to the Trustee. The Trustee is <br /> not required to insure said propertyto pay or collect any rents, tins or encumbrances, <br /> taxes or other charges against or for the properly, or to protect or preserve the residence <br /> or any title the Trustee may have. Senior intends that all responsibility toward the <br /> property during this time shall rest with Settlor and not on the Trustee. <br /> 4. Fe_insurance. <br /> 4.1. Life insurance.Policies. Before Senior's death, the Trustee is not <br /> required to hold any life insurance policies on Senior's life made payable to the Trustee. <br /> if Trustee does so. Trustee's only obligation during Settlors lite arc safekcepinc:, and <br /> returning the policies to the Senior upon demand. <br /> 42. Payment of Life insurance Premiums. So long as the Senior is <br /> . alive and competent. the Trustee has no obligation to pay any premium or other sum that <br /> it. becomes due fur any policies described in paragraph 3. While Senior is alive and <br /> inciimpelent, the Trustee Lihall, from Inon funds, pay premiums on bk inymince policies <br /> owned b the Senior. name the Trustee as beneficiary and are deposited with the Trustee. <br /> t <br /> .unn 1?1.1 3 <br /> . . <br />