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^Wj£Mk wmAmwmwmmffim\< Trust No. DE- 2252£<*fiE. Trustor Address Beneficiary Address Person to Select Address tfovt&t Hahm Sncome jf tmeral ®ni#t Date ..Msy..l3.?..156I David Hyun 2301 Hyperion Avenue, Los Angeles, California 90027 Maria Hytm i33 Wsltmm. Avenuo? Los Angelas* California 90037 David Hyun 2301 Hyperion Avetwa, Los Angeles, California 90027 Forest Lawn Company 3% Debentures, Series « j„a June 1 1980 Serial No. SB«473 Par Value Serial No. Par Yalue Serial No. Par Value Serial No. Par Yalue $500.00 SB*270 $300,00 The above named Trustor hereby makes application and HERMAN PSENNER, G. R. WARNER and A. G. EDDY, Trustees, hereinafter collectively referred to as the "Trustee", hereby accept Trustor's application to establish a trust estate consisting of the debentures specified above and any cash received by Trustee and hereby declare that effective as of the date of the completion of the purchase and deposit of said debentures herein and payment of Trustees fee, Trustor has conveyed and transferred to Trustee, without consideration, all the right, title and interest of Trustor in and to said debentures. Said debentures or any cash received by Trustee shall constitute and be designated as the "trust estate". If the debentures have been pledged as collateral security to Forest Lawn Memorial-Park Association (hereafter called "Association"), it is understood that they will be held by the Association until the obligation of Trustor has been paid in full, at which time they will be transferred and deposited with the Trustee. The trust estate will be held in trust as follows: 1. This trust is created by Trustor for the purpose of providing funeral or cremation services and commodities (hereafter called "services") to be furnished by the Association for the Beneficiary and shall be effective immediately. 2. Upon receiving notice of the death of the Beneficiary, the Association is hereby authorized and directed to take possession of the remains for the purpose of preparing the same and conducting and handling said services, and any hospital, public officer, or other person who may have possession of such remains is hereby directed to release the same to the Association. Trustee shall thereafter proceed with the arrangements and purchase of said services and shall use the trust estate to pay therefor as hereinafter provided. 3. Unless Trustor has by letter designated the services that he desires be furnished upon the death of the Beneficiary, in which event a copy of said letter of designation shall be attached hereto and marked Exhibit "A", the services to be purchased shall be selected by the person named above, or should such person not act, then by a person representing himself as entitled to control the disposition of the remains of said decedent; or in the event none of the above select said services within a reasonable time after death of said decedent, then the selection of the services shall be made by Trustee. 4. If, at the time of furnishing the services listed on Exhibit "A", if any, the price at which the same are being offered for sale to the public by said Association shall exceed the total of the trust estate, then Trustee shall purchase and pay for such services as the Association shall represent to Trustee as then available and most similar to that designated by Trustor, at a price which does not exceed the total of the trust estate. Trustee shall not be liable for any act or omission in the purchase of said services, and the written statement of the Association certifying that it has sold to Trustee and furnished the services as herein provided, or which were necessary to the proper disposal of the remains of the Beneficiary, together with due proof of death, and a receipt showing full payment of that portion of the purchase price of the services for which Trustee is chargeable, shall be a complete release and discharge to Trustee and the only requisite evidence that Trustee has fully performed the terms of this trust. 5. It is understood that this trust is created for the purpose of making certain that the remains of the Beneficiary will be interred in a suitable and fitting manner in keeping with his standard of living and, insofar as possible, in accordance with Trustor's wishes as herein expressed. It is further understood that it is Trustor's desire and direction that the services herein provided for be furnished by the Association and that the directions contained herein are mandatory and are to be carried out by Trustee insofar as possible. 6. If, upon death of Beneficiary, the total price of services purchased from the Association equals or exceeds ninety percent (90%) of the trust estate, Trustee shall use the entire trust proceeds or so much thereof as may be required for the purchase of or credit to the account for the purchase of such services. If, however, upon such death the total price of services so purchased amounts to less than ninety percent (90%) of the trust estate, or if this trust be revoked during the lifetime of the Beneficiary, Trustee shall and does hereby give the Association the option to purchase any of said debentures not used for the purchase of such services at the price of ninety percent (90%) of their full par value. If the Association does not exercise such option, Trustee shall distribute the trust estate to the person or persons entitled thereto as hereafter provided in the form of Forest Lawn Company debentures of $50.00 denomination or multiples thereof (any odd amount less than $50.00 to be in cash) or if the Association does exercise such option, Trustee shall distribute the cash so received from the sale of said debentures in lieu of the debentures. Before making any distribution, Trustee shall first deduct any fees to which it may be entitled and shall pay the Association for any services purchased. Trustee shall thereafter distribute and deliver the balance of the trust estate to Trustor, if living, otherwise to the Trustor's estate, or to the person or persons legally entitled to succeed to Trustor's estate under the laws of succession of the State of California, or if no such persons can be found then to the Beneficiary, or to the persons entitled to succeed to his estate, or in the discretion of the Trustee to the person or persons who may be equitably entitled thereto by reason of having incurred expense or furnished funeral services for the Beneficiary to the extent thereof. The production of a receipt signed by any one of the above named persons or of other proof of such payment or delivery shall be conclusive evidence that all claims under this trust have been satisfied. In the event Trustee cannot ascertain any person entitled to receive any balance remaining in the trust estate, as above provided, Trustee shall use such balance to provide flowers on suitable occasions for the memorial of the Trustor or the Beneficiary, if any, in Forest Lawn Memorial-Park.
Object Description
Description
Title | Page 1 |
Contributing entity | University of Southern California |
Filename | KADA-shyun19-008~1.tiff |
Full text | ^Wj£Mk wmAmwmwmmffim\< Trust No. DE- 2252£<*fiE. Trustor Address Beneficiary Address Person to Select Address tfovt&t Hahm Sncome jf tmeral ®ni#t Date ..Msy..l3.?..156I David Hyun 2301 Hyperion Avenue, Los Angeles, California 90027 Maria Hytm i33 Wsltmm. Avenuo? Los Angelas* California 90037 David Hyun 2301 Hyperion Avetwa, Los Angeles, California 90027 Forest Lawn Company 3% Debentures, Series « j„a June 1 1980 Serial No. SB«473 Par Value Serial No. Par Yalue Serial No. Par Value Serial No. Par Yalue $500.00 SB*270 $300,00 The above named Trustor hereby makes application and HERMAN PSENNER, G. R. WARNER and A. G. EDDY, Trustees, hereinafter collectively referred to as the "Trustee", hereby accept Trustor's application to establish a trust estate consisting of the debentures specified above and any cash received by Trustee and hereby declare that effective as of the date of the completion of the purchase and deposit of said debentures herein and payment of Trustees fee, Trustor has conveyed and transferred to Trustee, without consideration, all the right, title and interest of Trustor in and to said debentures. Said debentures or any cash received by Trustee shall constitute and be designated as the "trust estate". If the debentures have been pledged as collateral security to Forest Lawn Memorial-Park Association (hereafter called "Association"), it is understood that they will be held by the Association until the obligation of Trustor has been paid in full, at which time they will be transferred and deposited with the Trustee. The trust estate will be held in trust as follows: 1. This trust is created by Trustor for the purpose of providing funeral or cremation services and commodities (hereafter called "services") to be furnished by the Association for the Beneficiary and shall be effective immediately. 2. Upon receiving notice of the death of the Beneficiary, the Association is hereby authorized and directed to take possession of the remains for the purpose of preparing the same and conducting and handling said services, and any hospital, public officer, or other person who may have possession of such remains is hereby directed to release the same to the Association. Trustee shall thereafter proceed with the arrangements and purchase of said services and shall use the trust estate to pay therefor as hereinafter provided. 3. Unless Trustor has by letter designated the services that he desires be furnished upon the death of the Beneficiary, in which event a copy of said letter of designation shall be attached hereto and marked Exhibit "A", the services to be purchased shall be selected by the person named above, or should such person not act, then by a person representing himself as entitled to control the disposition of the remains of said decedent; or in the event none of the above select said services within a reasonable time after death of said decedent, then the selection of the services shall be made by Trustee. 4. If, at the time of furnishing the services listed on Exhibit "A", if any, the price at which the same are being offered for sale to the public by said Association shall exceed the total of the trust estate, then Trustee shall purchase and pay for such services as the Association shall represent to Trustee as then available and most similar to that designated by Trustor, at a price which does not exceed the total of the trust estate. Trustee shall not be liable for any act or omission in the purchase of said services, and the written statement of the Association certifying that it has sold to Trustee and furnished the services as herein provided, or which were necessary to the proper disposal of the remains of the Beneficiary, together with due proof of death, and a receipt showing full payment of that portion of the purchase price of the services for which Trustee is chargeable, shall be a complete release and discharge to Trustee and the only requisite evidence that Trustee has fully performed the terms of this trust. 5. It is understood that this trust is created for the purpose of making certain that the remains of the Beneficiary will be interred in a suitable and fitting manner in keeping with his standard of living and, insofar as possible, in accordance with Trustor's wishes as herein expressed. It is further understood that it is Trustor's desire and direction that the services herein provided for be furnished by the Association and that the directions contained herein are mandatory and are to be carried out by Trustee insofar as possible. 6. If, upon death of Beneficiary, the total price of services purchased from the Association equals or exceeds ninety percent (90%) of the trust estate, Trustee shall use the entire trust proceeds or so much thereof as may be required for the purchase of or credit to the account for the purchase of such services. If, however, upon such death the total price of services so purchased amounts to less than ninety percent (90%) of the trust estate, or if this trust be revoked during the lifetime of the Beneficiary, Trustee shall and does hereby give the Association the option to purchase any of said debentures not used for the purchase of such services at the price of ninety percent (90%) of their full par value. If the Association does not exercise such option, Trustee shall distribute the trust estate to the person or persons entitled thereto as hereafter provided in the form of Forest Lawn Company debentures of $50.00 denomination or multiples thereof (any odd amount less than $50.00 to be in cash) or if the Association does exercise such option, Trustee shall distribute the cash so received from the sale of said debentures in lieu of the debentures. Before making any distribution, Trustee shall first deduct any fees to which it may be entitled and shall pay the Association for any services purchased. Trustee shall thereafter distribute and deliver the balance of the trust estate to Trustor, if living, otherwise to the Trustor's estate, or to the person or persons legally entitled to succeed to Trustor's estate under the laws of succession of the State of California, or if no such persons can be found then to the Beneficiary, or to the persons entitled to succeed to his estate, or in the discretion of the Trustee to the person or persons who may be equitably entitled thereto by reason of having incurred expense or furnished funeral services for the Beneficiary to the extent thereof. The production of a receipt signed by any one of the above named persons or of other proof of such payment or delivery shall be conclusive evidence that all claims under this trust have been satisfied. In the event Trustee cannot ascertain any person entitled to receive any balance remaining in the trust estate, as above provided, Trustee shall use such balance to provide flowers on suitable occasions for the memorial of the Trustor or the Beneficiary, if any, in Forest Lawn Memorial-Park. |
Archival file | kada_Volume2/KADA-shyun19-008~1.tiff |