Free Declaration of Nominee Trust Form

DECLARATION OF NOMINEE TRUST

The undersigned, ___________________ of __________

County, State of _____________ (the "Trustee" hereunder),

hereby declares that any and all property and interest in

property that may be transferred to him as Trustee hereunder

("the Trust Estate"), shall be held in trust, for the sole

benefit of the beneficiaries for the time being hereunder, upon

the terms herein set forth. The term "Trustee" wherever used

herein shall mean the Trustee or Trustees named herein and such

person or persons who hereafter are serving as Trustee or

Trustees hereunder, and the rights, powers, authority and

privileges granted hereunder to the Trustee shall be exercised by

such person or persons subject to the provisions hereof.

1. BENEFICIARIES: The term "Beneficiaries" wherever

used herein shall mean the beneficiary or beneficiaries listed in

the Schedule of Beneficial Interests this day executed and filed

with the Trustee, or in the revised Schedule of Beneficial

Interests, if any, from time to time executed and filed with the

Trustee. The Trustee shall not be affected by any assignment or

transfer of any beneficial interest until receipt by the Trustee

of notice that such assignment or transfer has in fact been made

and a revised Schedule of Beneficial Interests shall have been

duly executed and filed with the Trustee. Any Trustee may

without impropriety become a beneficiary hereunder and exercise

all rights of a beneficiary with the same effect as though he

were not a Trustee.

2. DUTIES OF TRUSTEE: The Trustee shall hold the

principal of this Trust for the benefit of the beneficiaries, and

shall immediately pay over any income received to the

beneficiaries in proportion to their respective interests.

3. POWERS OF THE TRUSTEE: The Trustee shall have no

power to deal in or with the Trust Estate except as directed by

the beneficiaries. When, as, if and to the extent specifically

directed by the beneficiaries, any one of the Trustees shall have

the power to:

(a) Buy or otherwise acquire, to hold, to exchange or

partition, to sell at public or private sale, and to mortgage,

pledge or otherwise encumber or dispose of all or any part of the

Trust Estate; and to execute any and all deeds, promissory notes,

mortgages and other instruments necessary or appropriate

therefore;

(b) To lease and sublease all or any part of the Trust

Estate for such term(s) and on such terms as the Trustee deems

advisable;

against or in any way relating to the Trust Estate.

Any and all instruments executed pursuant to such

directions may create obligations extending over any periods of

time including periods beyond any possible termination date of

the Trust. Notwithstanding any provisions contained herein, no

Trustee shall be required to take any action which will, in the

opinion of such Trustee, involve him in any personal liability

unless first indemnified to his satisfaction. Any person dealing

with the Trustee shall be fully protected in accordance with the

provisions of Paragraph 7 hereof.

4. TERMINATION: The Trust may be terminated any time by

any one or more of the beneficiaries by notice in writing to the

Trustee, but such termination shall only be effective when a

certificate thereof signed and acknowledged by a Trustee

hereunder shall be recorded with _________ County

_________(State) Registry of Deeds (hereinafter the "Registry"

see also Paragraph 9 hereof); and the Trust shall terminate in

any event twenty (20) years from the date hereof. In case of any

such termination, the Trustee shall transfer and convey the

specific assets constituting the Trust Estate, subject to any

leases, mortgages, contracts or other encumbrances on the Trust

Estate, to the then beneficiaries as tenants in common in

proportion to their respective interests hereunder.

5. RESIGNATION AND APPOINTMENT OF SUCCESSOR TRUSTEES:

Any Trustee hereunder may resign by written instrument signed and

acknowledged by such Trustee and recorded with the Registry.

Succeeding or additional Trustees may be appointed or any Trustee

may be removed by an instrument or instruments in writing signed

by all the beneficiaries, provided in each case that such

instrument or instruments, or a certificate signed by any Trustee

naming the Trustee or Trustees appointed or removed, and in the

case of any appointment, the acceptance in writing by the Trustee

or Trustees appointed, shall be recorded with the Registry. Upon

the appointment of any succeeding or additional Trustee, the

title to the Trust Estate shall thereupon and without the

necessity of any conveyance be vested in said succeeding or

additional Trustee jointly with the remaining Trustee or

Trustees, if any. Each succeeding and additional Trustee shall

have the rights, powers, authority and privileges as if named as

an original Trustee hereunder. No Trustee shall be required to

furnish bond.

6. AMENDMENT: This Declaration of Trust may be amended

from time to time by an instrument in writing signed by all the

beneficiaries and acknowledged by one or more of the

beneficiaries, provided in each case that the instrument of

amendment, or a certificate by any Trustee setting forth the

terms of such amendment, shall be recorded with the Registry

prior to the amendment being effective as to any party who does

not have actual notice thereof.

7. TRUSTEE LIABILITY; RELIANCE OF PURCHASERS AND OTHERS:

No Trustee hereunder shall be liable for any error of judgment or

for any loss arising out of any act or omission in good faith,

but shall be responsible only for his/her own willful breach of

trust. No license of court shall be requisite to the validity of

any transaction entered into by the Trustee. No purchaser,

transferee, pledgee, mortgagee or other lender shall be under any

obligation to see to the application of the purchase money or of

any money or property loaned or delivered to any Trustee or to

see that the terms and conditions of this Trust have been

complied with. Every agreement, lease, deed, mortgage, note, or

other instrument or document executed or action taken by any one

Trustee appearing as a Trustee hereunder from the records of the

Registry, shall be conclusive evidence in favor of every person

relying thereon or claiming thereunder that at the time of the

delivery thereof or of the taking of such action this Trust was

in full force and effect, that the execution and delivery thereof

or taking of such action was duly authorized, empowered and

directed by the beneficiaries, and that such instrument or

document or action is valid, binding and legally enforceable.

Any person dealing with the Trust Estate or the Trustee may

always rely without inquiry on the certificate signed by any

Trustee appearing as a Trustee hereunder from the records of the

Registry as to whom is the Trustee or whom are the Trustees or

the beneficiaries hereunder, or as to the authority of the

Trustee to act, or as to the existence or non-existence of any

fact or facts which constitute conditions precedent to acts by

the Trustee or which are in any other manner germane to the

affairs of the Trust.

8. NO PERSONAL LIABILITY: No Trustee or beneficiary of

this Trust shall be held personally or individually liable for

any of the obligations incurred or entered into on behalf of the

Trust and each person who deals with the Trustee shall look

solely to the Trust Estate for satisfaction of any claims which

such person may have against the Trust.

9. RECORDATION: The term "Registry" as used herein

shall mean the _______________ County _________________(State)

Registry of Deeds; provided that if this Declaration of Trust is

recorded or filed for registration in any other public office

within or without the ____________(State), any person dealing

with portions or all of the Trust Estate as to which documents or

instruments are recorded or filed for registration in such other

public office in order to constitute notice to persons not

parties thereto may rely on the state of the record with respect

to this Trust in such other public office, and with respect to

such portions or all of the Trust Estate the term "Registry" as

used herein shall also mean such other public office.

10. MISCELLANEOUS: Whenever applicable, the use of the

singular number herein shall include the plural and the use of

the plural shall include the singular number. The use of the

masculine gender shall also include the feminine, wherever

applicable. All paragraph titles are supplied for convenience of

reference only and shall not govern the meaning or interpretation

of this Declaration of Nominee Trust.

WITNESS the execution hereof under seal at _____________

by the undersigned this ____ day of ____________, 19__.

_______________________________

Trustee

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STATE OF ____________________

Then personally appeared the above-named

_______________________ and acknowledged the foregoing instrument

to be his free act and deed, before me,

________________________________

Notary Public

My Commission Expires:

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ACCEPTANCE OF APPOINTMENT AS TRUSTEE

I, ________________, hereby accept appointment as

Trustee of the ________________ Trust and hereby agree to

exercise faithfully any and all rights, powers, authority and

privileges granted thereunder.

Signed this _______day of _______________, 19__.

____________________________

Witnessed by:

___________________________