EXHIBIT 1.1
XXX XXXXXX FOCUS PORTFOLIOS,
INSURED INCOME TRUST SERIES 87
TRUST AGREEMENT
Dated: October 25, 2001
This Trust Agreement among Xxx Xxxxxx Funds Inc., as Depositor, The
Bank of New York, as Trustee, X.X. Xxxxx Co., Inc., as Evaluator, and Xxx Xxxxxx
Investment Advisory Corp., as Supervisor, sets forth certain provisions in full
and incorporates other provisions by reference to the document entitled
"Standard Terms and Conditions of Trust For Xxx Xxxxxx Focus Portfolios Insured
Income Trust, Effective for Unit Investment Trusts Established On and After May
24, 2001 (Including Xxx Xxxxxx Focus Portfolios Insured Income Trust, Series 80
and Subsequent Series)" (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, Trustee, Evaluator and 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:
1. The Bonds listed in the Schedules hereto have been deposited in
trust under this Trust Agreement.
2. The fractional undivided interest in and ownership of the Trust
represented by each Unit thereof is a fractional amount, the numerator of which
is one and the denominator of which is the amount set forth under "Summary of
Essential Financial Information-General Information Number of Units" in the
Prospectus Part I for the Trust.
3. The aggregate number of Units described in Section 2.03(a) for the
Trust is that number of Units set forth under "Summary of Essential Financial
Information--General Information--Number of Units" in the Prospectus Part I for
the Trust.
4. The term "First Settlement Date" shall mean the date set forth in
footnote 2 under "Summary of Essential Financial Information" in the Prospectus
Part I for the Trust.
5. The term "Monthly Distribution Date" shall mean the "Distribution
Dates" set forth under "Summary of Essential Financial Information--Estimated
Distributions--Monthly Distributions" in the Prospectus Part I for the Trust.
6. The term "Monthly Record Date" shall mean the "Record Dates" set
forth under "Summary of Essential Financial Information--Estimated
Distributions--Monthly Distributions" in the Prospectus Part I for the Trust.
7. The term "Semi-Annual Distribution Date" shall mean the
"Distribution Dates" set forth under "Summary of Essential Financial
Information--Estimated Distributions--Semi-Annual Distributions" in the
Prospectus Part I for the Trust.
8. The term "Semi-Annual Record Date" shall mean the "Record Dates"
set forth under "Summary of Essential Financial Information--Estimated
Distributions--Semi-Annual Distributions" in the Prospectus Part I for the
Trust.
9. The Trustee's annual compensation as set forth under Section 7.04,
for each distribution plan shall be that amount set forth under the section
entitled "Summary of Essential Financial Information--Expenses--Trustee's Fee"
in the Prospectus Part I for the Trust.
-1-
IN WITNESS WHEREOF, the undersigned have caused this Trust Agreement to
be executed; all as of the day, month and year first above written.
XXX XXXXXX FUNDS INC.
By /s/ Xxxx X. Xxxxxx
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Executive Director, General Counsel and Secretary
XXX XXXXXX INVESTMENT ADVISORY CORP.
By /s/ Xxxx X. Xxxxxx
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Executive Director, General Counsel and Secretary
X.X. XXXXX CO., INC.
By /s/ Xxxxx X. Xxxxxx
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Vice President
THE BANK OF NEW YORK
By /s/ Juliette Ayee
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Assistant Treasurer
SCHEDULE A TO TRUST AGREEMENT
SECURITIES INITIALLY DEPOSITED
IN
XXX XXXXXX FOCUS PORTFOLIOS, INSURED INCOME TRUST SERIES 87
[Incorporated herein by this reference and made a
part hereof is the "Portfolio" schedule as set forth in
the Prospectus Part I for the Trust.]
