Estate of Constance R. Grant - Page 4




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               or partly in each.  If they elect to distribute wholly                  
               or partly in cash, they are authorized, in their sole                   
               discretion, to sell so much or all of the Net Assets of                 
               the Trust Estate as they deems [sic] appropriate for                    
               that purpose.                                                           
                         In distributing any tangible personal prop-                   
               erty of the Trust Estate to my children, I request my                   
               Successor Trustee to distribute such property to my                     
               children equally, but so far as practicable, in accor-                  
               dance with the preference of each child.  In the event                  
               of any disagreement as to the allocation of any item of                 
               tangible personal property, the allocation shall be                     
               made by the Successor Trustee other than PRESTON WALKER                 
               GRANT, JR. and KATHRYN LYNN GRANT ADAMS (the “Independ-                 
               ent Trustee”). * * *                                                    
                         (b)  The term “Net Assets” shall mean the                     
               gross assets of the Trust Estate less any taxes or                      
               other expenses paid pursuant to the provisions of                       
               Paragraph 11 hereof.                                                    
                  *       *       *       *       *       *       *                    
                    10.  Powers Of Trustee.  The Trustee and any                       
               Successor Trustee hereunder shall have the fiduciary                    
               powers enumerated in Section 15-102 of the Estates and                  
               Trusts Article, Annotated Code of Maryland, as amended                  
               from time to time, specifically including the right to                  
               employ appropriate assistance in the administration of                  
               the Trust, including accountants, attorneys and invest-                 
               ment advisors.                                                          
                         In addition, the Trustee hereunder shall have                 
               the power to invest in common trust funds and uninsured                 
               money market funds; to invest and keep the Trust funds                  
               invested in such stocks, common or preferred, bonds,                    
               mortgages or other property as he/she may deem advis-                   
               able or proper, without being restricted by any manner                  
               whatsoever as to the character of any investment by any                 
               statute, rule of law, or Court governing the investment                 
               of trust funds.  My Trustee is authorized to borrow                     
               funds and pledge trust property without Court approval,                 
               and to sell, lease, or otherwise convey any property of                 
               the Trust Estate on such terms and conditions as my                     
               Trustee may deem advisable, and to execute such deeds,                  
               mortgages, leases or other instruments as may be neces-                 





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Last modified: May 25, 2011