EXHIBIT 1.1
▇▇▇ ▇▇▇▇▇▇ UNIT TRUSTS,
TAXABLE INCOME SERIES 96
TRUST AGREEMENT
Dated: June 21, 2006
This Trust Agreement among ▇▇▇ ▇▇▇▇▇▇ Funds Inc., as Depositor, The
Bank of New York, as Trustee, Standard & Poor's Securities Evaluations, Inc., as
Evaluator, and ▇▇▇ ▇▇▇▇▇▇ Asset Management, 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 ▇▇▇ ▇▇▇▇▇▇ Focus
Portfolios Insured Income Trust, Effective for Unit Investment Trusts
Established On and After May 24, 2001 (Including ▇▇▇ ▇▇▇▇▇▇ Focus Portfolios
Insured Income Trust, Series 96 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 each 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 each Trust.
3. The aggregate number of Units described in Section 2.03(a) for each
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
each 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 each 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 each 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 each 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 each
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 each
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 each Trust.
10. The words "long-term" in Section 3.14(a)(i) shall be deleted.
11. The term "Insured Trust" shall mean a Trust which is comprised entirely
of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio
Insurance.
12. The term "Uninsured Trust" shall mean any Trust other than an Insured
Trust.
13. Section 2.06 shall not apply to any Uninsured Trust.
14. Neither Section 3.14(a)(iv) nor Section 3.14(c) shall apply to any
Uninsured Trust.
15. The term "Supervisor" shall mean ▇▇▇ ▇▇▇▇▇▇ Asset Management and its
successors in interest or any successor supervisor appointed as provided in the
Standard Terms and Conditions of Trust.
IN WITNESS WHEREOF, the undersigned have caused this Trust Agreement to
be executed; all as of the day, month and year first above written.
▇▇▇ ▇▇▇▇▇▇ FUNDS INC.
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Executive Director
▇▇▇ ▇▇▇▇▇▇ ASSET MANAGEMENT
By /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Executive Director
STANDARD & POOR'S SECURITIES EVALUATIONS, INC.
By /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Vice President
THE BANK OF NEW YORK
By /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Vice President
SCHEDULE A TO TRUST AGREEMENT
SECURITIES INITIALLY DEPOSITED
IN
▇▇▇ ▇▇▇▇▇▇ UNIT TRUSTS, TAXABLE INCOME SERIES 96
[Incorporated herein by this reference and made a part hereof is the
"Portfolio" schedule as set forth in the Prospectus Part I for each Trust.]
