' ��14���79
<br /> � �EF� �� TF��]�T
<br /> �.��� �v�: �������� ���r���r�u��� ���� �
<br /> �
<br /> E��r�#s Affr��tir�� �uar��#�r. Any ��F th� �r�c�din� ���r�ts ���urs vtirith res���t t� a�y ���r�nt�rr �n��r��r, s�ar�#�r
<br /> ��- ����mm���ti�� ��rt� �f �r�y a��h� l���bt��n��� �r �ny �u�r�nt�r, �r�d�rs�r� �ur�ty, �r ����mrrti���ti�r� �ar�r
<br /> d3�s �r L�����m�� ir���rnp�t�n�r �r r�v���� �r �is�ut�� th� vali�ity �f� ar li�E�i�it�r un��rr �ny ��a�r�n�y �� �h�
<br /> I nd����d r���s�
<br /> At��r�rs� �h�r���. A m a��ria[ ��ve�s� �han�� ���ur� i� Tru���r's fin�r,�i a[ ��r,diti�n r �r ��nt�er b��i�v�s ���
<br /> p��s���t����ym�r���r��rf�rrr������f tf�� 1 n���t�dr��s�is i r��ai r��l.
<br /> ln�����trit�. L�r�d�r En g�a�f�i-tF� ��[i��r�� it���f i����ur�,
<br /> I
<br /> L�I�HTS A[�€€� RE11I�E�[ES �N DFF�►�L�. i�an Event�f ��f�ult�c��rs �r�d�r tl�i� ���� �f Trustr �t�ny ti��t��r�af��r,
<br /> Yrus���ar L�ntf�r;rr���r���r�i��ar�y����r m�r��f tk���ra[I��vin� �i�ht� an� r�m�c�i��:
<br /> ;
<br /> �4���I�r�ti�n U��r� ��fa�lt� Adcfi-ti�r��l ��m����s. lf�ny ���n���F ��f�ult�c�urs �s ��r tl�� �t�rrr�� �f th� iV�t�
<br /> ' ����r����r��yr L�n������d����r��I� ]�d��t��n������ur�d by t�is ���c� �f Tru���� la�c�u�anci �aya}a���nd
<br /> �[�����n� sha[1��t���u��n �e��m� ����r�� ��y��l�w��J�r�u��r�y�r�s�r��m�r�t, �]�m�n�� pr�#est�r n�ti�����r��r
<br /> �ir��. T1��r��fit�r� L�n��r rr,�y: �
<br /> I
<br /> {�} � Eith�r in ��r�an �r by a��nt, v�rith �r v�rith��t �ri n�in� �n� ��tia n �r �r�����ii r��, �r i��{ � r���iv�r
<br /> �pp�i�t�� by � �a�r� �r�d wi�h�ut r�g�r� t� �1�� ����ua��r�f it� s��uri�r, �nt�� up�r� �n� t�k� �����s����
<br /> �f��� Pr���rty, �r�r�y p��t t��r�af, i n i�s ��rn n�m� �r i��h� na m� �f�"r�s���F an��a �r�y aG-ts v+rhi�h i�
<br /> �eem� r�����s�r}r�r���irahle t� �r���r��#��v�]U�� m�rl��t��ilit��r r�rrt�E�ifity�€th,� F���p�rtyr �r p�rt��
<br /> the I�r���rty �r i nt�r��t in �h� Pr�p�rty; in������th� in��m� frQm th� �r���r�y�r �r����t�f�� ���uri� ��
<br /> t����'r���r�y; an�[� �rvit� �r vvith�ut ��I�ir�� p����ssi�r, �f �h� �r�p��ty� �u� f�r �r ��h�rvvis� ���I��� t[��
<br /> r���s� i��u�� �nc� pr�fit� ��F�h� �r����k�r� ir�c1 u�€r�g ����� �aast du� �r�r� un�ai�� an� ��pl�r th� ��rr�e f 9��s
<br /> c�st� �n�i��p�n��� �f�����-ti�n an� ���l�cti�n at��rr��ys' ����r t��ny inr�����dn�s�s��ur�d ��tl�is ���d
<br /> �� Tr�a�t, �CI ir� s���r �r��r �� L�r�der m�y �I�term�n�. TI�� �nt��in� up�n ar�� t�kin� p�ss���i�n �� th�
<br /> �r���r�, th� �a[l�cti�n �f �u�h r�nt�, is���s �n� pr��i�sr �r�� #f�� ���li��t���r �th�r��f �h�][ n�� ��r� or
<br /> v�raiv� �ny ��f�ul��� r��ti�� �f��fau[t und��thi� ���d �f Tr�st�r i�vaEi��t� any a����n� ir� r��pon����
<br /> �u�� ��f��lt�r pur���n�t� s r��h r��ti�� ������ul�r �r��l, r��tw����t�r��ir��t}�� ��r�ti r���r,�� i r� p������i�n ��
<br /> �h���r���rt�r �r tF�� ��[���ti�t�F r�c�i�� �r�d �p�[i�atian �f ���ts� i����� �r �r�fi��, 7"r����� �r L����r sl�ail
<br /> b� �n�trtl��] t� ���r�i�� ���ry ri�h� pr��ided ��r�r� t[�� lV��t� �r t[�� F��[�t�� I���urr��nt� �r by I��nr u��n th�
<br /> ���urr�r���❑��r�y�v�nt af d�f�ultr i n�f u�i��th�ri�ht t����r�i���h� ��vv���f��1��
<br /> {E�� I��m m�n�� �n ��ti�n tQ f�r��l���thi� a���] ��Tru���s � rr��r�����r ��p�int a r�c�iv�r�r�p��ifi�a[]�r
<br /> �nf��c� �r�y�f�rl�� ��v�r��nt� h�r�of; �nd
<br /> ,
<br /> {�} '��liv�r t�Tr��t��a �r�itt�n ���l�r�ti���f��f��[t���1�l�rrt�r�� ��r s�[� ��� � writt�n n�ti���f d�f���t
<br /> an���l���ivn t� ��us�Tru���r's ir�t�r�st in tf�� l�r�p�rty�� ���ald, uvhi�h n��i��7'r��t�����Il ��us�t� k��
<br /> du ly fi�����r r���r� in�i�e�pp��pri a���ffi��� ���1�� ��ur�ty i��+r F,i�I�t�� Prap�r�ty��]���t��f �nd
<br /> �
<br /> {d� !1!�lEt� r�p�ct�� �11 �r�r�y��rt a�t[�� ��r��r��l I�r�p��tyF E��n��r�h��l h��� ��1 th� ri�E��s �r�d r�rr��di�s
<br /> �f��s��ured p�rty und�r t�e N�k�r��}�� �J nif�rm ��mm�r�E�l ���[�.
<br /> F�r��l��i�r� by R��rv�r�f����. Cf L�n�l���I��t��r�f�re�l�s���r���r�i���f th� P��+r�r�#�al e l��r�i n��r��ai n���
<br /> L�n�ler �h�Cl r���i��i r�st�� �n� �h�lE ��p��it vvi�h Tr��t��thi� C���� �f Trus� �r�� �F�� N�t� �r�� �u�h re��ipt�
<br /> a nd ��i d�����-F�xp�n�itur�� m����n���cur�c! ��this D��d��T�ust��Tru���� m�y r��ui r�,
<br /> ��) ;���n r���i�t�f�u�� r��t���fr�m L�r,d��r Tr��t���h�ll �a����� �� r��ard��r �ul�li�l��� ��d ��liv�r�c�
<br /> t� Tru��ar su�h Nati�� �f L��f�u�t�nd N��i�� �f ��le �� tl��r� r�q�ir�� fay lav�r �n� f�y thi� ���� ���r��t.
<br /> 7r����� s1��11, v�ri�rl��ut d�rr��n� �n Tru��ar, �ft�r ���h tim� �s m�y t��n !�� r��uir�d E��r [��rv �rr� ��t�r
<br /> r���rd�ti�n �f�u�� �l�ti�� �f �ef�ul�k �r�� ��ft�r N����� af ��I� h�vin� b��n �iv�r� a� r�q�ir�� 1�� C��r� ��Il
<br /> th�i pr���rty �� tl�� tErr�� �r�d �I a�� �� �al� fi��� �y i� i n s��h, N����� ��f ��I�� �it�i�r a� � w I�c���r �r ir�
<br /> ���a ra�� l�t� �r p�r���� v r i#�ms �s Tru�te�s h�l[d��m ����di�nt� �€�� i n �u�[� �r��r�� it m�y�e��rrr�i r���
<br /> �� �u�li� �ucti�r�t� tf�� hi�h��t�i�d�r f�r ���h ir� lawf�l m�n�y�##�� �lr�it�� �t�t�� ��yabl� ��th� tir��
<br /> �f s�le. �rr����� sh�l[ ��Civ�r �Q s�c1� �ur�h�s�r �r �ur�h�s�rs �h�r��# i�s ���d �nc� s�ffi�i�rr� ���� �r
<br /> d���s c�r�veyi r�� tl�� pr�p�rty �a ��ld� bu� �rv it�t�r�t �r+� ��v�r��n� �r v�r�rrar�ty, �x�r��s �r i m�[���. �h�
<br /> r��it��s in ���1� �e�� ��F �ny m�#�k�r� �r fa���s s[��I� b� ��n�[u�iv� �r��f ���t�n� tr��h�ul���s �h�r���. }�r,y
<br /> ��rs�nF ir��ludir��v�r�th�ut li�ita�i�n Tr�a�t�rr Trr��t�e, �r L�nd�rr m�y�ur�l��s�at�u����[�.
<br /> �b) !A� rr��y �� �er�itt�� ��r l�v�� �f��r ded ucti r�g a�I ����sr f��� �r�d ��p�n��� �# Tr��t�� �n� �� thi�
<br /> Tru��r i n�Eu�ir�� ���t��f�vi�l�n����titl e in ��nn��ti�n }rtir i�h s�C�,Trust���1��1C a��ly�tl�� pra���d�a��a1�
<br /> t� ��.,�ym�nt�f {i} ��l s ums ex���d�� ur���r tf�����m��f thi� �ee�l �f�i����t Qr�r�d�r�h�t�rms�f�F�� f��t�
<br /> r���t;th�r� r�p�i�r �n�l�di n� l��rk n�� 1 irni��d �� ��cru�d ir�t�r�st ar�� [at� �h�r�e�� {i i� al[ �th�r �+�rr-t� th�n
<br /> ����r�� ��r�f��r� �r��[ (iii}tl�� r�r��irr��r� i�any, fi��h��aer��n�r��r��ns I�g�[1y�rt�i�l�d t�t�r�t�.
<br /> ��� �rt�s��� rrt��r ir�th� m�r�n���r�vi���[ hy[��rv}������r��s�l��f�I!�r�r�y�arti�r��#th� �r�p��ty�
<br /> F��rx���i� N�t E������v�. T�ust�� and L�r�d�r� a�r�� �a�h �f th�m, sha11 �� �n�i���� ta �r�fQr�� ���rrr��n� �r�d
<br /> ��r��rm�r��� af any in�i�}�t��r���s�r��]i���E������ur�� b��hi� a���] ���rt�st�r��i t� ��c�r�i�� ��I ri�h-ts�n�i p���rs
<br /> ur���r tF�is ��� ��3r�s�F un��r the N�t�, u�td�r �r��r ��th� ��I���� a���rr��nt�, �r und�r �ny at�ier ��r��rrt�nt �r
<br /> a ny lav�r� n��r �� I�er��ft�t� ir� f�r��r n�t�nri#h���n�f i n�, �o�-n� �r�I� ��su�t� in�f��t��r���� anc� ��[���ti�n� s�cured by
<br /> t�ii s ���� �f Tr��� m�y n�w or ��r��ft�r b� �th�rv�ri�� ���r�r��, wh����r by mar�ga��, d��� ��trt�str �1����r I i�n r
<br /> ���i�nm�r�� �r �tf��r`w15�� f��ith�r th� ����p�an�� o�F �hi� ��e� �f Tru�� rr�r it� ����r��rr��nt� w�n��her b� ��u�t
<br /> a���n �r p�r���n��a �h� pa�er ��s�I� �r�tf��r p�w�rs ��n��i r��d ir� ��is ���d ��Tru��� ����1 p�-�jr��fi�� �r in a ny
<br /> m�r�ne� �ff���Tru���e'� �r L�r���r's ri�ht �� rea�iz� ���r� �r ���ar�� �t�� �#h�r ���r�ri�y n��rv �r h�r��ft�r f��lt� t�y
<br /> Tru��e� ������i�r f i�b�in� ��r�ed th�t Trust���r�d L�n��r f �r�� ��ch af th�m r s f��li f�� ��titl��t� �r�far����i� 1����
<br /> �f Tru�t �nd �riy �t��r ���urit� n�w �r ��r�a�t�r held l�y Ler��i�� �r Tru�te� ir� ���h �rr��r �nd mann�r as �f��� �r
<br /> �i�he� �f tl��m r��y in �he�r a�s�I�t� �lis�r�tE�� �l�t�rr�in�. N� r�m��y ca nferr�d u��r� �r r���rv�d t� Trus��� �r
<br /> L�nd�rr is 3r�t�r�d��f �� k�� ���l��i�r� ���ny�the� r�rr�t��fy i�tY�i� ���� �f Tr��t �r�y l�vtir �r��ided �r ��rrr�itt��� �ut
<br /> ���h �I��11 b� curY-tulative ��tl sF��[� b� in �d�iiti�n t� �v�ry a���r rerrtedy gi��r� i r� t�iis ��ed �'� Tr��� �r n�v�r ar
<br /> I��r��f��r��i��ir,g �t I a��r�r ir��c�u it�r o r��r st�tute. ��r�ry�av�r�r��r��r+��y�iv�r� �y the 9V�t��r a r�y�f t�� F��l a��d
<br /> p���m���s t� Trust�� �r L�r���r �r t� �nr[�i�� �i�h�r �f �h�� m ay �� ath�rvtiri�e enti�l��, m�y E�� ���r�i��d r
<br /> ��r��urr�ntly�r in��p�r�����[y� �r�m tirr��t� tirr�� �rr� �� �.f��n �� m�y �e ���rn�� ��c���l��r�t f�y Tr�st�� �r L�n��rr
<br /> �n�i �i�h�r a� tf��rt� r��y �t�rs�� �n��nsi�t�r�� r�medie�. N�tf�ir�� ir� thi� ���� �# Tr�st sh�l[ h� �ans�ru�t� �s
<br /> �r�l�ik�itin� L�i���r fr�m���[�ing a d�fi�i�r��y ju+��rr��nt���in���he Tru�tar t�t�e�xt�r����cf� ��ti�n i� p�rrni��� by
<br /> I�w. E���tia ri k�y L�r���r �a purs�e �ny r�m�d�r �hal[ n�# ���!��1� �ursuit �f �r�y �tF��r r�m�d�{r an� �n �l��ti�� ��
<br /> rr�al�� ���en�it�r�s �r t� tal�� a��i�rt t� p�rf�rm �r� �l��i���k«n ��r Tru�t�r un�fer this ����i �f Tru�t, �ft�r ���st�r's
<br /> f�i�ur�ta ���f���",, �h�[] n�t�ff��t L�nder'� righ�t����[a��� �f�fau[t an���������i�� r�r�-r��i�s.
<br /> F���U��t f�r���i��. Tru��orF an ��l��lf�f T�-u�t�r�n� ��r����-, h�r�i�y r�qu�sts th�t� �����f��y l��ti����QefaUlt
<br /> �nd a �apy���r�y ����������I� �n�]�r thi� ��ed ��T�ust t�� rnSil��t�tF��m �t�h� �c��re������t f�rt�t [��E��fir�t
<br /> ��r��r��h�f�[�i� a��d����ust.
<br /> �
<br /> A�#arn�ys" �e��; E�c��r���s. �f L�r�r��r in�����te� �ny �ui# �r ��t[�t� t� �n��r�� ��y �f #h� ��rm� �� this ���d ��
<br /> Trustr L�n�f�r!��t�l1 �� �ntitl ed t� re��v�r���h ��am ��tF�� ���rt m�y adfuc��� r�������f� �� a�t��rt�y�' f��� ��tri�l
<br /> a�d �p�r� �r�y, ��p��I. VIl�e�h�r �r n�t a n�r ��urt �c�i�rr is tr�v�lv��, an� t� t[�� �x��n� r�ot �raF�i�it�� �y E��rv� �[�
<br /> r����r���l� ��p�r�s�s L�nd�r i��ur� tl�a� in L�r���r's ��ini�n �re n���s�ary �t ��r�r tErrr� f�r tl�� �r�t���i�n �f it�
<br /> �
<br /> �
<br /> I
<br />
|