ACCOUNTABLE UNDER ANY CIRCUMSTANCES WHATSOEVER, EXCEPT IF THE RESULT OF
TRUSTEE'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.
TRUSTEE SHALL NOT BE
PERSONALLY LIABLE IN CASE OF ENTRY BY HIM OR ANYONE ACTING BY VIRTUE OF THE
POWERS HEREIN GRANTED HIM UPON THE TRUST PROPERTY FOR DEBTS CONTRACTED OR
LIABILITY OR DAMAGES OR DAMAGES INCURRED IN THE MANAGEMENT OR OPERATION OF THE
TRUST PROPERTY.
TRUSTEE SHALL HAVE THE RIGHT TO RELY ON ANY INSTRUMENT,
DOCUMENT OR SIGNATURE AUTHORIZING OR SUPPORTING ANY ACTION TAKEN OR PROPOSED TO
BE TAKEN BY HIM HEREUNDER OR BELIEVED BY HIM TO BE GENUINE.
TRUSTEE SHALL BE
ENTITLED TO REIMBURSEMENT FOR ACTUAL EXPENSES INCURRED BY HIM IN THE PERFORMANCE
OF HIS DUTIES HEREUNDER AND TO REASONABLE COMPENSATION FOR SUCH OF HIS SERVICES
HEREUNDER AS SHALL BE RENDERED.
TRUSTOR WILL, FROM TIME TO TIME, REIMBURSE
TRUSTEE FOR AND SAVE AND HOLD HIM HARMLESS FROM AND AGAINST ANY AND ALL LOSS,
COST, LIABILITY, DAMAGE AND REASONABLE EXPENSE WHATSOEVER INCURRED BY HIM IN THE
PERFORMANCE OF HIS DUTIES.
ALL MONIES RECEIVED BY TRUSTEE SHALL, UNTIL USED OR
APPLIED AS HEREIN PROVIDED, BE HELD IN TRUST FOR THE PURPOSES FOR WHICH THEY
WERE RECEIVED, BUT NEED NOT BE SEGREGATED IN ANY MANNER FROM ANY OTHER MONIES
(EXCEPT TO THE EXTENT REQUIRED BY LAW) AND TRUSTEE SHALL BE UNDER NO LIABILITY
FOR INTEREST ON ANY MONIES RECEIVED BY HIM HEREUNDER.
TRUSTEE MAY RESIGN BY
GIVING OF NOTICE OF SUCH RESIGNATION IN WRITING TO BENEFICIARY.
IF TRUSTEE
SHALL DIE, RESIGN OR BECOME DISQUALIFIED FROM ACTING IN THE EXECUTION OF THIS
TRUST OR SHALL FAIL OR REFUSE TO EXERCISE THE SAME WHEN REQUESTED BY BENEFICIARY
OR IF FOR ANY OR NO REASON AND WITHOUT CAUSE BENEFICIARY SHALL PREFER TO APPOINT
A SUBSTITUTE TRUSTEE TO ACT INSTEAD OF THE ORIGINAL TRUSTEE NAMED HEREIN, OR ANY
PRIOR SUCCESSOR OR SUBSTITUTE TRUSTEE, BENEFICIARY SHALL, WITHOUT ANY FORMALITY
OR NOTICE TO TRUSTOR OR ANY OTHER PERSON, HAVE FULL POWER TO APPOINT A
SUBSTITUTE TRUSTEE AND, IF BENEFICIARY SO ELECTS, SEVERAL SUBSTITUTE TRUSTEES IN
SUCCESSION WHO SHALL SUCCEED TO ALL THE ESTATE, RIGHTS, POWERS AND DUTIES OF THE
AFORENAMED TRUSTEE.
EACH APPOINTMENT AND SUBSTITUTION SHALL BE EVIDENCED BY AN
INSTRUMENT IN WRITING WHICH SHALL RECITE THE PARTIES TO, AND THE BOOK AND PAGE
OF RECORD OF, THIS SECURITY INSTRUMENT, AND THE DESCRIPTION OF THE REAL PROPERTY
HEREIN DESCRIBED, WHICH INSTRUMENT, EXECUTED AND ACKNOWLEDGED BY BENEFICIARY,
SHALL (I) BE CONCLUSIVE PROOF OF THE PROPER SUBSTITUTION AND APPOINTMENT OF SUCH
SUCCESSOR TRUSTEE OR TRUSTEES, (II) DULY ASSIGN AND TRANSFER ALL THE ESTATES,
PROPERTIES, RIGHTS, POWERS AND TRUSTS OF TRUSTEE SO CEASING TO ACT AND (III) BE
NOTICE OF SUCH PROPER SUBSTITUTION AND APPOINTMENT TO ALL PARTIES IN INTEREST.
IN ADDITION, SUCH TRUSTEE CEASING TO ACT SHALL DULY ASSIGN, TRANSFER, AND
DELIVER ANY OF THE PROPERTY AND MONIES HELD BY TRUSTEE TO THE SUCCESSOR TRUSTEE
SO APPOINTED IN ITS OR HIS PLACE.
THE TRUSTEE MAY ACT IN THE EXECUTION OF THIS
TRUST AND MAY AUTHORIZE ONE OR MORE PARTIES TO ACT ON