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Will - Kidd, Ruth_5/8/2015 a6_ia -0?- / - ool• 90/-0a LAST WILL AND TESTAMENT OF RUTH KIDD I. Ruth Kidd, presently of Princeton, Indiana, declare that this is my Last Will and Testament. PRELIMINARY DECLARATIONS FILED Prior Wills and Codicils MAY 8 2015 1. I revoke all prior Wills and Codicils. )010 GIBSON COUNTY AUDITOR Marital Status 2. I am married to Francis P. Kidd. Current Children 3. I have the following living children: o Lora A. Powell, of Thompson Station, Tennessee; and o Jamin P. Kidd, of Princeton, Indiana. 4. The term 'child' or 'children' as used in this my Will includes the above listed children. Executor 5. The term 'executor' in this Will is synonymous with and includes the terms 'personal representative' and 'executrix'. Appointment 6. I appoint my spouse. Francis P. Kidd, as the sole Executor of this my Will. a. If for any reason Francis P Kidd is unable to fulfill his duties as Executor then I appoint Lora A. Powell and Jamin P Kidd as my Co-Executors of this my Will. r: 7. No bond or other security of any kind will be required of any Executor appointed2 in this my Will. Powers of My Executor 8. I give and appoint to my Executor the following duties and powers with respect to my estate: a. To pay my legally enforceable debts, funeral expenses and all expenses in connection with the administration of my estate and the trusts created by my Will as soon as convenient after my death. If any of the real property devised in my Will remains subject to a mortgage at the time of my death, then I direct that the devisee taking that mortgaged property will take the property subject to that mortgage and that the devisee will not be entitled to have the mortgage paid out or resolved from the remaining assets of the residue of my estate; b. To take all legal actions to have the probate of my Will completed as quickly and simply as possible, and as free as possible from any court supervision, under the laws of the State of Indiana; c. To retain, exchange, insure, repair; improve, sell or dispose of any and all personal property belonging to my estate as my Executor deems advisable without liability for loss or depreciation; d. To invest, manage, lease, rent, exchange, mortgage, sell, dispose of or give options without being limited as to term and to insure, repair, improve, or add to or otherwise deal with any and all real property belonging to my estate as my Executor deems advisable without liability for loss or depreciation; e. To purchase, maintain; convert and liquidate investments or securities, and to vote stock, or exercise any option concerning any investments or securities without liability for loss; f. To open or close bank accounts; Q. To maintain, continue, dissolve, chance or sell any business which is part of my estate, or to purchase any business if deemed necessary or beneficial to my estate by my Executor; h. To maintain, settle, abandon, sue or defend, or otherwise deal with any lawsuits against my estate; i. To employ any lawyer, accountant or other professional; and j. Except as otherwise provided in this my Will, to act as my Trustee by holdine in trust the share of any minor beneficiary, and to keep such share invested, pay the income or capital or as much of either or both as my Executor considers advisable for the maintenance, education, advancement or benefit of such minor beneficiary and to pay or transfer the capital of such share or the amount remaining of that share to such beneficiary when he or she reaches the age of majority or, durine the minority of such beneficiary, to pay or transfer such share to any parent or guardian of such beneficiary subject to like conditions and the receipt of any such parent or guardian discharges my Executor. 9. The above authority and powers granted to my Executor are in addition to any powers and elective rights conferred by state or federal law or by other provision of this Will and may be exercised as often as required, and without application to or approval by any court. DISPOSITION OF ESTATE Distribution of Residue 10. To receive any gift or property under this Will a beneficiary must survive me for thirty (30) days. Beneficiaries of my estate residue will receive and share all of my property and assets not specifically bequeathed or otherwise required for the payment of any debts owed, including but not limited to, expenses associated with the probate of my Will, the payment of taxes, funeral expenses or any other expense resulting from the administration of my Will. The entire estate residue is to be divided between my designated beneficiaries with the 4 beneficiaries receiving a share of the entire estate residue. All property given under this Will is subject to any encumbrances or liens attached to the property. Qhe entire residue of my estate will be transferred to my spouse, if my spouse survives me for thirty (30) full days, for their own use absolutely. 12. If my spouse is not living on the thirtieth day following my death, I direct my Executor to divide the residue of my estate into as many equal shares as there shall be children of mine then alive at my death, subject to the provisions hereinafter specified and to pay and transfer one such share to each of those surviving children. If any child of mine shall die before becoming entitled, in accordance with the terms of this my Will, to receive the whole of his or her share of my estate, but such child has a child or children which survive me, that child of mine shall be deemed to have survived me for the purposes of this division and the share of that child of mine or the amount remaining thereof shall be distributed according to the provisions hereinafter provided. 13. If any child of mine shall die before becoming entitled in accordance with the terms of this my Will, to receive the whole of his or her share of my estate, I direct that such share or the amount remaining of that share will be divided and transferred in equal shares to each of the surviving children of that deceased child of mine. And if any of such children of my deceased child dies before receiving the whole of his or her share of my estate, that share or the amount remaining thereof will be divided in equal shares amongst the surviving children of that child of mine. But if that deceased child of mine leaves no surviving children, then that share or the amount remaining of that share will be divided amongst my surviving children in equal shares. 14. In all cases where a child or grandchild of mine is a minor at the time that a gift is provided under my Will, and where a guardian, custodian, or trustee is not already identified under this my Will, that share will be held by my Executor in trust for each of those surviving children who is a minor child, as specified in provision j' under Powers of My Executor above. 5 15. If none of my named beneficiaries survives me or does not leave an heir or issue who survives me, then I give, devise, and bequeath all of the rest, residue, and remainder of my estate, of whatever kind and character, and wherever located, accordine to the order of in testate succession in the State of Indiana. CHILDREN Guardian for Minor and Dependent Children 16. Should my minor or dependent children require a guardian to care for them. I appoint the following individual to be their guardian (the 'Guardian'): a. I appoint my spouse, Francis P. Kidd, to be the sole Guardian of all my minor and dependent children until they are at least 18 years of age. GENERAL PROVISIONS Individuals Omitted From Bequests 17. If I have omitted to leave property in this Will to one or more of my heirs as named above the failure to do so is intentional except as otherwise expressly provided in this my Will. Insufficient Estate 18. If the value of my estate is insufficient to fulfill all of the bequests described in this Will then I give my Executor full authority to decrease each bequest by a proportionate amount. No Contest Provision 19. If any beneficiary under this Will contests in any court any of the provisions of this Will, then each and all such persons shall not be entitled to any devises, legacies, bequests, or benefits under this Will or any codicil hereto, and such interest or share in my estate shall be disposed of as if that contesting beneficiary had not survived me. a 6 Severability 20. If any provisions of this Will are deemed unenforceable, the remaining provisions will remain in full force and effect. AFFIDAVIT IN WITNESS WHEREOF, I have signed my name on this the(iii, day of /6/ ,P)/Cat Princeton, Indiana, declaring this instrument as my Last Will, in the presence of the undersigned notary public of Gibson County. Indiana. A_c_4,/ Ruth Kidd (Testator) Signature STATE OF INDIANA ) SS: COUNTY OF GIBSON Before me, the undersigned a Notary Public, Personally appeared Ruth Kidd and acknowledged the execution of the foregoing instrument, this// day of January, 2015. (Signature of Notary Public/ (Seal) (Printed Name of Notary Public Residing in (,:c=,/ County, IN.) My Commission Expires: j -f(! • / /