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<br /> F�i�h�t� ��r�. ]f ar��d�faultl �th�r t�an ����auf�in p�ym�nt i� �ura�[� an� if 7rust�r �a� ��t���n �i�r�n a n��i�e
<br /> �f� I�r������th�s�r�� �r��isiv n ��f�hi� ���� �f Tru���rv it�i�tF�� �r����l Er�g#�v��ve {�l�� m�r�th�, it�n��r b��u��� if
<br /> Tru���r, ��t�r L�nd�r��n�s writt�n r�atE��to Tr�st�r d�man�in� �uf� a���a�]����ar�lt: {�} ��r�s t�� �l��f�t�lt v�i#hin
<br /> tv�r�r��y ���� ���r�; �r ��� i� �h� �ur� r�qu�r�� ��r� tE��r� ��r�r,t�r ���} d�y�, ir�rrr�di�#�ly ]C11�C$��� �t��s w�ti�h
<br /> L�r�d�r d��rr�s i n L�nd�r'� s�l� di����tian t� b� s�ffi ci�r�� �� �ur� ��� d����['t a n� th�r���t�r ��n�in��� an�
<br /> ��mpC�t���I� r����n�l�l� ��d r����s��ry�t��s�u�F�F��i�r��t t� pr�d�����r�pl i�n����s��n��r���an��ly pra�ti�al.
<br /> �[�HT� A�1� F��MEaE�� �l�t DEFA�,.lLT. ]f�r, �v�r,t�� ��f��alt ���ur� �r�d�r thi� �e�d �#�rr��t, �t�r�y tim�#h�r��ft�rr
<br /> T��sst�� �r L�n�i�r rr��y e��r�is� ��y�n�Qr m�re Qf tF��f�Il�wing ��gl������ r�r���i�s:
<br /> A�celerati�r� lJ��r� ����ralft At�tlyti�n�l R�m��li�. ]f�r,y �v�nt �� ���a�lt���u�� a� p�r th�t�r�� �f th� N�t�
<br /> s�cur�d 1��r��yF L�n�f�r m���1��1�r��I� lnr��b���n�ss���ur��l k��#�E� a��� �f Tru��t� ]�e�u��r��l ��y�l�l� �r�d
<br /> tl����m�s�all th����p�r, b���m��u��n� ���ab I��rtirith��t�r�y pre��ntm�ntr ��m�nd, pr�t�st�r n�ti����any
<br /> ki r�d. Th�r�a�t�r, L�n��r rn��r: �
<br /> {�} Eitl�er i� ��rs�r� �r �� a��ntr v�rith �� vvitha�t �rin�ir�g any a�ti�n �r p�����din�r ar L�y a r���iv�r
<br /> �p�a�nt�� �y a c��rt an� �ri����t r���r� �� tE�� a������� ���t�s��uri�y� �nt�r ���n �r������ ��ss���i�r�
<br /> �f tl�e �r�p�rt�r �r any�art th�r���r in its �v�rn r,am� ar in tFr� n�m� ��F Ttust��r �r�d d� �ny��t�v�rhi�h it
<br /> �I��m� n���s��ry�r���ir�l�l�t� pre�erve t�n�v�lu�� m��1��t�l�ilEty�r r�r,t�l�iCity�f tl�� �r�p�r�y, �r ��rt�f
<br /> �1�� �ra��rty ar int�r�st ir, t�� I�r�p�rtyr i�t�reas�-th� ir�c�rrt� f��� �h� P����rty�r ��o���t�1�� ����ri�y��
<br /> �h� Pr��a��yr �n�C� wi#h �r wi�h�ut t�kin� ���s���i�r� �f th� �r���r�r, s u� f�r �r �tF��rv�ri�� ��El��� th�
<br /> r�n��r Ess�s�s �n� �r�fi-t� ��r��ne Pr�pe�t�r, in�l��ir�� th��� p�st �ir�� �n�! �r�p�i�IF �nr� ���[y�he �ar��{ ����
<br /> ���ts �n�[����r���s �#���rati�r� ar�� ��Il�ctt���tt�rn�y�' ���s��a arry in��t�t��n��s���ut�d Iay thi� a���
<br /> a� Tru�tr �li in �uch �rd�r �� L�r���� m�� ��t�rmir��. Th� �nt�rin� u��r� �r�d tal�ir�� ���s�s�i�r� �f tYr�
<br /> F�r���rty, �h,� ��Il�ct��r� �f s u�h r�nt�, i��u�s �nd �r�ti�s r a nd th� ��pli ca�i�n th�r��f sl�al[ r��t ��r� �r
<br /> w�iv� any���ar�I��� ��ti�� Q� ��f��It �n�i�r�E�is a���[ �f Tru��t �r i r��r��i��t� �r�y �����r�e i n r���a�n��t�
<br /> s��1�d�f�ult�r��trs��n�t t� ���[� n�ti�� �f���a�lt; and� n��wit�tst�r�d�n�th� ��n�i�u�n��in ���s��i�n o�
<br /> th� ������� �r ��� ,�'.r�I��,�`.r�f��Lr r�ceEp� an� ���Ei��ti�r� �f r�r�t�� iss�t�s �r pr�fits� Tru�t�� �r L�nd�r �h�ll
<br /> be �rt�itl�d �� ���r�is� ���ry ri�ht pr�vi��� f�r in tFr� �fafi� �r th� R�[a#��[ ����m�r��s �r �y la� �a��n t��
<br /> ����rr�n����F any�v����f�t����l�, i�r�[�din����rigl-i�t����r�i��tl�� ���rv�r��s�l�r
<br /> ��} ��mm�n�� �r� �����r�t� f�r��lo��tl�i� E���d �f�ru���� � m�rtg���, ap��in-t a r���iv�r�r�p�cifi��[ly
<br /> �r�f�r�� �ny�f th� ��v��ant� h�r��fr �nd
<br /> ��} Dei iv��t�7r��t�� �v�rri�k�r� �[��1�r�ti�����l�f au[#a�d ��r��r�d f�r�a[� and � v�ri��n n��i����d�f�ult
<br /> a r�d �l��ti�n t� ��u��Trust��'�i nt�r��t i n th� Pr�J��rx��� ��sa l�r v�h��h ri��ic�Tru�����i�a�l1 ��u���a b�
<br /> ��[y�ril��f�r r���r� in#h��p����ri�t��f�i��� ��r�}�� ���r�#�i�vvhi�h th� Pr���rt�i�l��a-t��r �n�
<br /> {�) Vl�itl� r�s���t t� a][ ar��y p�r��f�h� P�r�anal Pr�perx�r L�n��r��na�l f��v� �E� th� rig��s �r�� r�m��i�s
<br /> �f�����r�� p�rty��td��#h� �1��r�s k� i�n if�rm ��rt�m�r�i�I ��d�.
<br /> F�r��l���r��y PQw�r o€��I�. !�L�r�d�r�1����t�f�r��]��� by e��r�i����th� Pvv�r�r�f��I�h�r�i�r ��n���n��ir
<br /> L�n��r s�all r��tify T�u�t�� an� sh�l� r�����it �rv'rth �"rus���this ����[ �f Tr�tst �r��! �F�� N�t� �t�� �r��h ����i�t�
<br /> �n�l�vid�n���f����r�dit�rr�s m�d��n����ur�d by-thi� a�����Tr��t�s�r��t�� m��r��uir�.
<br /> (�� lJ p�r� r���i pt��r s��h n�#i���r�rr� L�n��rr Trus���sl�al l ���s�t� �� r���rd�d r �ubli�h�d �n� d�liv�r��f
<br /> �� '�r�s��r su�l� �l�ti�� ��F I��f�ult �r�d �fatE�� �f �al� as th�r� r���ir��i ��r l�v� �nd by th�� a��� �f Trust.
<br /> Ti r�st�� �h�ll r Vyf i�I���[� Ci�[TI�I 1[� �n Tr��t�r� �f{t�r s u�l� ti m� �s rr��� tf��n b� r�c�ui r�d I�� I�vv a ncl aft�r
<br /> r�c�r�l�tc�r� �f s��h N�ti�� �f l��f�u�t �rrd �ft�r I��t��� �# ��le h�vir,g ���r, �i��r� as r�quir�� by l�v�r, s�l]
<br /> tFr� Pr���rty �t t}�� ��m� �n� �f a��� �f ��I� fi��d by it in s u�h �[��i�� �� ��I�, ��th�r �s � w��l�r �r in
<br /> ����r�t� I�ts �r par��9� �r ���m� �s�'rr���ee sh�l[ d��rt� e���cli�r�t� �r�d ir, ��c[� �r��r a� it rnay d�t�rmin�r
<br /> a� �r��Ii� ��G#i�n �� ��� I�i�l��s�t bEd�����r �ash in ]av�rful rr��n�y�f�h� �r+it�+� ��at�� ��y�f�l� a��1��tim�
<br /> �f s�I�. Tru�t�� �F�a li �e!i�r�� t� ���h ��r�h�s�r �r �urcl����r� t�t�r��f it� ���� a�� �uffi�i�nfi ���ai �r
<br /> ����s ��nv��irig �f�� �r���rt�r s� s�l�, ��t �i�h�ut an�r ����n�r�t �r w�rr�n�y{ ��pr�s� �r im�o[���. T�i�
<br /> r��i��l� in su�h �i��d �� �n� r���t�rs �r �a���� sha[] b� ��n�[u�iv� pr�����th� �r��h��[n��s ��t�r���. An�
<br /> p�r��r�f ir�cl�r�lir��v�rit[��ut I�mit�ti�n Tru�t�r,Tru����, �r L�n��r� rn�y�urcl�a���t s��f�sa[�.
<br /> {�} As may f�� p�rmi�t�d ��r lav�rr aft�r ��r����i�� �ll c�s��, �f��� �nd ���en��� �f Tru���� �r�d �� t�i�
<br /> Tr��t, i n�l u�in� ����s���vid�r,�� �f tit[� �n��nne�ti�� v�r�h�al��Tr�a�t��s h�l! ��pl��h� �r�������f s�l�
<br /> t� �a��r��r�t�� �i� �ll �r�m� ��cp�r�d�� unc��r t�r���rms�f tf�is ���c[�f Tru�t�r un��f th���rms��tFt� N�#�
<br /> n�� �h�� r�p�i�[{ ir��[udin� f�u� r��t I�rnit�� t� a������ int�r��t an�1 ��t� �h�r��sF {ii� �li �t]�er s�r�s �F��n
<br /> ���ur�� ��r�by, an� {iii� tF����m�in��rr if�ny,t�tY�� ��r��r��r��rs�n� f��aily�nt�-tl ed#h�r�t�,
<br /> {c} Tr�st��m�y in��r���r�r��r�r�vi��� E�y I�v� p�st�o����f��f�[] �r�ny p�r�#i�n�f tf���r���rty.
<br /> F��r��di�s �1�� ��c�lusive. Trust�� �n� L�r�d�rr �n� ���h �f �h�rrt, sha1C �� �r�t�#l��i �� �r�f�r�� p��rrt�nt an�
<br /> ��rf�rrr,�r����f�ny i nd��t�d r��s��r��f i��ti�ns ����r�� i��r tl�is ���� �f Trust�nd t����r�is�al l r����s�n� p�vv�r�
<br /> un��r tl�i� ���� ���rust, und�r tF�� N���, ur�d�r any af�h� F��[�t��i a���m�ntsr ar ur�d�r �r�y ��h�r ��r��m�r�t �r
<br /> �r�y ia�� r�av� �r I��r�aft�r in far��i r�atwith���nc�in�, ��m� ar �[] ���u�h ir,d���edn�s� ��d �k�li��ti��n� ����r�� by
<br /> tl�i� �e�� ��Tr��t ma� no�nr �r l��re�f�t�r �� �th�rvwris� ���ur��r u+rh�#h�r b� m�r-�gag�r d��d a�tru�t, �[����, �i�n,
<br /> ���i�nrn�r�t �r �t}��rvvi��. N�itl�er t�� ������ance �� �l�is a���l �f Tru�t n�r it� �nf����m�n�, whet��r �y ��vrt
<br /> ��ti�n ar p�r�u�nt t� the paw�r�f sa�E� �r �t��r ��v��r� ��nt�in�� in �hi� I����i a�Tr�st� sl��l[ �r��udi�� ar ir� �r��r
<br /> m�r�r��r �ff��t Tru�t��'� �r L�r��i��'s ri�h� ta r��li�� u��n ar �nf�r�� �ny �th�r ���u�i�y naw ar here��t�� F��I�i f��
<br /> Tr���e� ar L�nd�rr it��ir�g ��t'eed th�t Tr�st����� L�nd�rr an����f� ��r t��rr�, ��al] b��ntit[e�l t��n�F�r���hi5 D���
<br /> �f Tru�� �n�I any ��h�r securit�r no�rv �� I��r����t' h�1�t f�� Lenc��r �r Trust�� in �u�h ar�l�� �r��f rr���t��r �s th�y �f
<br /> �itFr�r a�r t��r� r��y irr tf��ir �1���lr�t� �a��r��i�n d�t�rm�n�. iV� r�r�t��{�} ���f�rf�d up�r� �r ����rv��i �o �`r��t�� �r
<br /> L�r,d�rr a� i n��nd�d �o }�e e��[usiv� �f�t�� �t�i�r ��m��y i r�th i� a�ed o�r�ru���� �y f��rv �ra����d �r p�rmExx��[r ��t
<br /> ���h sE��[] �� �umulativ� an�i sh�ll �� in additiart t� ���ry �th�r rem��y �iven i� �h�� D���t �� Tru�t �r r�avr� �r
<br /> h�r��f�k�r�xistin� at 1�v+�r�r ir� ��u[1�,��r by�tat�t�� Er��ry���rv�r�r rem�d�gir��r� E��t�i� f�i�t��r��y��th� R�[at�d
<br /> a��u��rrt� �� Tru���� �r Len��r ar t� wl���l� ��th�r �� t�i�m m�y E�� ��herwi�� �r��ifil�d� m�t�r i�� ���r�i�ed,
<br /> ��nc�rr�ntCy �� �r��l���t���ntl�, fr�m ti��t��ir�� an� as a�t�r� �s ���E�� ���m�� ��c���i�n-� t�y�i rU���� �r L�n�le�r
<br /> �r��] eith�r �fi th�m �nay pursu� ir���r�si�t�nt r�m�di��. N��h�ng in thi� ���d �f Tru�t �h�ll �� ��ns����� �s
<br /> �raf�if�itin� L�r���r fr�rn ���kir�� � ��fici�n�y jud�men��g�i�st�i��Trus��r t�t������nt�uc�r ���i�n i� ��rr�itt��f ��
<br /> l�v�. ,
<br /> Fl��rr;an €�f F��rrredi��. All ��r L�n��r`� ri�ht� ar�� r�rn�di�s vwil[ �� �umulativ� �n� m�y l�� e�€ercis��1 �I�r�� �r
<br /> t���th�r. I f L�nc��r ��ci�e� t� s��r�d t����y �r t� p�r��rm �ny af�r��t�r's �E�l�g�ti�r�s u�td�r �hi� ���� �f TrU�t�
<br /> �ft�r �rusfi�r's f�ilu�� t� �� ��f �F►a� ��ci��ar� �y Lend�r w��l n�t ����� L�n���'s ����+�t� ��clar� Tru�t�r ir� d�f�u[�
<br /> �r�d t����t'���� L�nd�rt� rerr���i�s�
<br /> F�������f�r[�[atiGe. Tru�tar, �n ��h�ff�f Trr����r and Len�err C��r���r r��u��t�tf�at a ���y�f�ny�[��i�� �����r�u[t
<br /> �r�d � ��py�f�n�r N��i�� af�al� un�f�r th i� ���d �f Tr�a�t 1�� m�il�d t��herr� ��tl�� �dd r�s��� s�t f�rth i n#h�fir�x
<br /> p�r��t��h o�F tC�is ��e�1 �f Tr��t.
<br /> Ait�rr���' Fe��: Ex��n���. If L�nd�r ir�stit�t�� �ny ��it �r a��i�n t� er��arc� �r�y ��r th,� t�rms �� t�i� 1���� ��
<br /> Tru�t� Le.r�d��sf��f� f���nt��l��l t� r���v�r���h surrt ���h� c�urt rry�y��i��d�� r��s�n�bl� a� �tt�rn�y�' ���s �t tri�l
<br /> an� ra���t �ny �ppea�. 1�Ilh�tf��r �r r��t �r��r ���rt ��ti�n is i n�al�r�d r a nd t� ��� ��ct�r�t n�t p��hi�i#�� l�y ��w, all
<br /> r��s����[� �x��rr��� Len��r in��r� �f�at �n L�n�t�r's ��ini�r� are r�����s�ry �� �ny �i me �a r t�� �r�t�c���r� �� i#s
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