THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST, SERIES 71
TRUST AGREEMENT
Dated: February 21, 1996
This Trust Agreement among Nike Securities L.P., as
Depositor, The Chase Manhattan Bank (National Association), as
Trustee, Securities Evaluation Service, Inc., as Evaluator, and
First Trust Advisors L.P., as Portfolio Supervisor sets forth
certain provisions in full and incorporates other provisions by
reference to the document entitled "Standard Terms and Conditions
of Trust for The First Trust GNMA, Series 62 and subsequent
Series, effective December 19, 1991" (herein called the "Standard
Terms and Conditions of Trust"), and such provisions as are set
forth in full and such provisions as are incorporated by
reference constitute a single instrument. All references herein
to Articles and Sections are to Articles and Sections of the
Standard Terms and Conditions of Trust.
WITNESSETH THAT:
In consideration of the premises and of the mutual
agreements herein contained, the Depositor, the Trustee, the
Evaluator and the Portfolio Supervisor agree as follows:
PART I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the Provisions of Part II hereof, all the
provisions contained in the Standard Terms and Conditions of
Trust are herein incorporated by reference in their entirety and
shall be deemed to be a part of this instrument as fully and to
the same extent as though said provisions had been set forth in
full in this instrument.
PART II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed
to:
(a) The Securities defined in Section 1.01(4) listed in
Schedule A hereto have been deposited in trust under this Trust
Agreement and shall include any securities deposited in the Fund
pursuant to Section 2.01 hereof.
(b) The number of Units in the Trust referred to in
Section 2.03 is set forth under "Summary of Essential
Information - Number of Units" in the Prospectus.
(c) For the Trust the First General Record Date shall be
set forth under "Special Information - Distributions" of the
Prospectus.
(d) For the Trust the First Settlement Date shall be set
forth under "Summary of Essential Information - First Settlement
Date" in the Prospectus.
(e) For the Trust the Record Dates and the Distribution
Dates shall be set forth under "Special Information -
Distributions" in the Prospectus.
(f) Section 3.01 of the Standard Terms and Conditions of
Trust shall be replaced in its entirety with the following:
"Section 3.01. Initial Cost. The expenses incurred in
establishing a Trust, including the cost of the initial
preparation and typesetting of the registration statement,
prospectuses (including preliminary prospectuses), the indenture,
and other documents relating to a Trust, printing of
Certificates, Securities and Exchange Commission and state blue
sky registration fees, the costs of the initial valuation of the
portfolio and audit of a Trust, the initial fees and expenses of
the Trustee, and legal and other out-of-pocket expenses related
thereto, but not including the expenses incurred in the printing
of preliminary prospectuses and prospectuses, expenses incurred
in the preparation and printing of brochures and other
advertising materials and any other selling expenses shall be
borne by the Trust, provided, however, the Trust shall not bear
such expenses in excess of the amount shown in the Special Trust
Information Section included in the Prospectus, and any such
excess shall be borne by the Depositor. To the extent the funds
in the Interest and Principal Accounts of the Trust shall be
insufficient to pay the expenses borne by the Trust specified in
this Section 3.01, the Trustee shall advance out of its own funds
and cause to be deposited and credited to the Interest Account
such amount as may be required to permit payment of such
expenses. The Trustee shall be reimbursed for such advance in
the manner provided in Section 3.05, and the provisions of
Section 6.04 with respect to the reimbursement of disbursements
for Trust expenses, including, without limitation, the lien in
favor of the Trustee therefor, shall apply to the payment of
expenses made pursuant to this Section. For purposes of
calculation of distributions under Section 3.05 and the addition
provided in clause (d) of Section 5.01, the expenses borne by the
Trust pursuant to this Section shall be deemed to accrue at a
daily rate over the time period specified for their amortization
provided in the Prospectus; provided, however, that nothing
herein shall be deemed to prevent, and the Trustee shall be
entitled to full reimbursement for any advances made pursuant to
this Section no later than the termination of the Trust.
IN WITNESS WHEREOF, Nike Securities L.P., The Chase
Manhattan Bank (National Association), Securities Evaluation
Service, Inc. and First Trust Advisors L.P. have each caused this
Trust Agreement to be executed and the respective corporate seal
to be hereto affixed and attested (if applicable) by authorized
officers; all as of the day, month and year first above written.
NIKE SECURITIES L.P., Depositor
By Xxxxxx X. Xxxxx
Senior Vice President
THE CHASE MANHATTAN BANK (NATIONAL
ASSOCIATION), Trustee
By Xxxxxx Xxxxxxxx
Vice President
(SEAL)
Attest:
Xxxxxxx X. Xxxxxxx
Second Vice President
SECURITIES EVALUATION SERVICE,
INC., Evaluator
By Xxxxx X. Xxxxxxx
President
(SEAL)
Attest:
Xxxxx X. Xxxxxx
Vice President and
Assistant Secretary
FIRST TRUST ADVISORS L.P.,
Portfolio Supervisor
By Xxxxxx X. Xxxxx
Senior Vice President
SCHEDULE A TO TRUST AGREEMENT
SECURITIES DEPOSITED
IN
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST, SERIES 71
(Note:Incorporated herein and made a part hereof is the
"Portfolio" for Series 71 as set forth in the
Prospectus and any other securities that may be
deposited subsequent to the Initial Date of Deposit
pursuant to this Trust Agreement.)
SCHEDULE B TO TRUST AGREEMENT
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST, SERIES 71
NOTICE OF DEPOSIT OF ADDITIONAL SECURITIES
Dated: February 21, 1996
Pursuant to Section 2.01 of the Trust Agreement dated
February 21, 1996 among Nike Securities L.P., as Depositor, The
Chase Manhattan Bank (National Association), as Trustee,
Securities Evaluation Service, Inc., as Evaluator, and First
Trust Advisors L.P., as Portfolio Supervisor (the "Trust
Agreement"), the Depositor hereby certifies to the Trustee as
follows:
(a) The additional securities listed in Appendix A
hereto are hereby deposited in trust and have a
substantially equal percentage relationship between the
principal amounts of the Securities of specified interest
rates and years of maturity as specified in the Trust's
prospectus dated February 21, 1996.
(b) In accordance with Section 2.03 of the Trust
Agreement, an additional ______________ Units should be
issued as a result of the deposit referred to in (a) above.
Taking into account the above Units, the total number of
Units in the Trust issued as of the date of this notice
is_____________
(c) Taking into account that Units issued in (b)
above, the fractional undivided interest in and ownership of
the Trust represented by each Unit is _________
NIKE SECURITIES L.P.
By
-5-
