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•• ARTICLE IV THE TRUSTEE 4.01 Acceptance of Trust. The Trustee accepts the trusts conferred upon it by this Agreement. 4.02 Responsibilities of Trustee. The Trustee and its respective successors, assigns, agents and servants shall not be held to any personal liability whatsoever, in tort, contract or otherwise, in connection with the execution and delivery of this Agreement, the acceptance of the funds deposited therein, the purchase of the Federal Securities, the retention of the Federal Securities or the proceeds thereof or any payment, transfer or other application of money or securities by the Trustee in accor- dance with the provisions of this Agreement, or by reason of any non -negligent act, omission or error of the Trustee made in good faith in the conduct of its duties. The Trustee shall, however, be liable to the Issuer for its negligent or willful acts, omissions or errors which violate or fail to comply with the terms of this Agreement. The duties and obligations of the Trustee shall be determined by the express provisions of this Agreement. The Trustee may consult with counsel, who may or may not be counsel to the Issuer, and in reliance upon the opinion of such counsel shall have full and complete authorization and pro- tection in respect of any action taken, suffered or omitted by it in good faith and in accordance therewith. Whenever the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking, suffering or omitting any action under this Agreement, such matter may be deemed to be conclu- sively established by a certificate signed by the Chairman or the Clerk. 4.03 Resignation or Removal of Trustee., The Trustee may resign and thereby become discharged from the duties and obligations hereby created, by notice in writing given to the Issuer and published once in a newspaper of general circulation in Indian River County, Florida, published in Vero Beach, Florida, and in a daily financial newspaper or journal of general cir- culation in the City of New York, New York, not less than 60 days before such resignation shall take effect. Such resignation shall take effect immediately upon the appointment of a successor Trustee hereunder, if such successor Trustee shall be appointed before the time limited by such notice and shall then accept the duties and obligations of the Trustee hereunder. The Trustee may be removed at any time by an instrument or concurrent instruments in writing, executed by the holders of -10-