Trustees License To Mortgage Or Lease {PC 121}

Probate Court Form No. 121Trustee222s License toMortgage or LeaseSTATE OF VERMONT PROBATE COURTDISTRICT OF IN RE THE ESTATE OF DOCKET NO. LATE OF TRUSTEE222S LICENSE TO MORTGAGE OR LEASEWHEREAS application has been made to this court in writing by the trustee for license to(mortgage) (lease) the following described real or personal property of the trust estate:Whereas notice having been given and hearing held, if required by statue and the rules of probateprocedure;NOW THEREFORE, the court makes the following findings with respect to the application:1.The proposed (mortgage) (lease) is necessary because2. That the proposed (mortgage) (lease) is authorized under the provisions of Article ofthe Will.THEREUPON, this court orders and decrees that license and authority be granted, and the same aregranted to the trustee as aforesaid and the trustee is licenses and empowered: To mortgage, pledge or assign the aforesaid property under the followingconditions:Maximum amount of assets for which security may be mortgaged, pledge or assignedTerms that must be included: Maximum interest rate that may be paid:Any requirement that payments be made from income: To lease the aforesaid property or a part thereof as described below under the followingterms:Part to be leased: Terms:Dated: Probate JudgeProbate Court, District of American LegalNet, Inc. www.FormsWorkFlow.com American LegalNet, Inc. www.FormsWorkFlow.com