Jacob Tome Institute v. Shipley

The questions in this case arise upon the construction to be given to certain provisions in a deed of trust executed on the 26th day of November, 1894, by Charlotte M. Shipley (widow), now deceased, to Emory C. Shipley, of all her estate and property of every nature. The deed provides for the payment of the grantor’s debts; for the collection by the trustee of the “rents, profits and income” from the granted property; and after payment of expenses, for paying to the grantor a specified income, and for a home for her with the trustee; then out of the remaining net income for paying to each of…