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<br /> �EE� �F TI���T
<br /> La�r� �i�: �"1������ ����1ti����1� P��� 7
<br /> pr�vi�E�r� �r any ��h�r pr�v��i�r� �f �1�ts a��� af Tr��t. N� �riar v�raiv�r by L�n�l�rr n�r �ny c�ur�� �f ���lir��
<br /> ��tw��� L�r�d�r �n� Tr�st�rf �h�l[ ��n��i���� � w��v�r�f �r�� �f L�rrd�r'� rig�t� �r �f ar�y �f�r�a�t�rF� ���i��t��ns
<br /> �s t� any f�t�ar� �r�r���c�i�r��� �l�t�r���r�r t�n� ��ns�nt �f L�n��� i� r���ir�� r�n�����i� ���d �f Tru��, �h� �r�r,ti r��
<br /> �f su�h ��r�s�nt �y L�r�d�r ir� �ny in�t�n�� �h�l� r��t c�r,stitu�e ��r�tin�in� ��n��nt-t� s�b��qu�nt ir�st�n��� v�r��r�
<br /> su�h ��n��nt is ��quir���n�i i��1[ ca��� su�h ��r���nt may b��rant���r v�rit�rh�l� iri��ie s�f�di��r�ti��r�f L�r�d�r.
<br /> ��v�r�bility. E� � ��urt af �amp�t�nt j�ri�c�i�t��n fin�is �ny pr�vi�a�r� ��tF�is a���] �f Tru�t t� �� il����1r ir�v�li�r �r
<br /> un�nf�r�e�1��� as t� any �ir�umst�r���r tl��t �ir�dirt� �h�l[ r��t mal�� �h� �ff�r��in� �ro�i�ivn i1C�ga�f inv�[id{ ��
<br /> un�r�f�r���}�]� �� t� ��y �th�r �ir��m�t����. I�f���sif�Ce, th� �ff�n�ir�g pr�vi�i�r� ���II E�� ��r�s i��r�d m��i�F��c1 ��
<br /> th�t i� ����r-��s l��alr v�lid �r�� �r�f�r���f�l�. [� th� �-F-F�n�ir�� pr��i�iQr� ��nn�t �� s� m�di#i��], it �1��11 ��
<br /> ��r�si��red ��I�t�d fr�m this a��� �f Tr�st. �lr�l��� �t��r�rtiri�� r���ir�� by I�v�rr th� ill��a[ityr anv�li�lity, ��
<br /> ���n�F�r���bility �f �r�y �r��i�ian �f��is ���� af Tru���h�ll n�t ����t�h� [e��li�yF v�lidEty �r�r��r�rc�a��i�i�r�f�ny
<br /> �tl��r�r�vi�ian ��r t�i� D��� �f Tr�st.
<br /> ��,������rs ar�� l�����n�. �uf�j��t t� �ny limi�a�i�n� �t���d in th#� �e��i v��`r�s� Qr� ���rt���r �f Tru�t�r'� int�r�str
<br /> thi� a��d �f Tt�st �h�l[ �� bin�ir�� ���n �r�� iriur� �a th� f��r��fi� �f th� p�rti�s, th�ir ��a������r� �n� ���i�n�� ��F
<br /> Qwn�rSl�i� ��tl�� �r���r��r b���r��� v�st�� in a p�r��r� �th�r th�n Tr����r, ��n�er� witF���# r���i��t�Tru�#�r� rr,�y
<br /> d��I with Trust�r'�s�����s�r�w�th r�f�r�r�����t}��� a�ed �f Tr�st�n��h� lnd�bt�dn��s ��r v�r�y�#��rb��ra n�� �r
<br /> ��k�r��i�r�v�ithc�ut r�le�sir��Tru�-t�r fr�m t[���a[i�ati�n���F thi� I���� ��Tr��t�r li��ili�r un�ier tl�� lnd�bt�dr��s�.
<br /> '�ime is��th�E�s�rt��. Tim� i� ��th���s�n��in th� ��rf�rrrtar����f��is D����f Tru��.
<br /> 1lwaiv� .��ar�r, a41� p�rkies �o thi� F�e�d �f Tru�t It�r�by v�r�iv�t�� ri�F�t t� a�y j�ry�ri�l in any a��ian� pr�Geedir��, �r
<br /> ��ur�t�r�[�im[�r���h���ar��r par#y a��ins�an�r at�er party.
<br /> Vtil�iv�r �f H�m��t���l ���m�#i�n� Trust�� ��r�E�� r�[����s a n� �nr�iv�� �IE ri�l��s an� ��r��fit� �� �h� ham�st�a�]
<br /> ���mpti��t l�v����f tl��St����f N����sk� ��#��I� In���t��n�s�S��ur��l [���1���������Tru��.
<br /> �EFIN[T]��l�. Th� ��1[�v�rin� �ap�t�liz�� w�r�[� �r�d t�rr�,� �h�l! �r�v��h�f�fl�v�rin� m�anin�� w��n ����C in�F�is ���d ��r
<br /> Tru��, l.ar�l�s� sp��i�Fica�Ely���t�d �a the �€�n�r�ry� a[� r�f�r�n��� ta d�lE�r �rri�ur�t� �h�[� rr,��n ama�r�ts �n I�v�r��al m�n�y
<br /> �f t�� �lnit�� ���t�� �f Am�ri��. V��rds �r,�[ �t�rms u��d i� �he sin�ular �ha[! ir��1u�� th� �[�r�l{ ��� t�� ��ur�l ���ll
<br /> incfud� t�� �in����rF �� t�i� ��r�t�xt m��r ��q�ir�. 1N�r�s �n� t�rmS ��t �th�rv+ri�� ���r�n�� ir� �his ���� �f Trus� �hal]
<br /> I��v����m��n=n�s ��tribut�c�����a�h t�rrn�ir�tf�� �.Jr�i��rrr� ��mrr��r�i�] ��d�:
<br /> ��n�fi�iar�r. �[��w�r� "��n��i c��r��' rr���n� E�uita bl� ��n[�, �r�d its��������r��nd �s�ig r��.
<br /> �Qrra3rv�r. TI�� vv�r� �'���r�v�r�r" rr���n� �ll EA�I�Ti��N ���IEL�P��NTr LL� �r�d ir���ud�� a ll ��-�i�n�rs an�i
<br /> ��-ma�ers�i�nin��h� N�t� a��� �11 th�ir su��e�s�r��r�d�s�i�r�s.
<br /> ���� Qf �rust. TI�� �rv�rd� "D��� �f Tr��t" m��n �his ���� �f Tr�st am�n� �'rr��t�r� L�n��rr an� Yr�st��, �n�
<br /> ir��lud�� witlnar�t �ir�i���iQr� �I� a��ig�rr��r�t ar�d s��uriti,r ir���r�st p��vi�i�ns r�[��in� t� ��� ��rs�r��[ �r�p�rty an�
<br /> ��n��.
<br /> ����r�l�. �i h� v�r�r� "D��a�l�" rn��n��h� ���Fa�tEt��t�r�rth in thi� D���] ��Tr���in�h�s��ti�r�titl�� "��fau[t".
<br /> Envir�nm�n��[ L�w�. T'�� �,r�rd� "Envir�r�m�n�t�E L��nrs" m��n �n� �r�d �ll st�t�r f���ra! and l���I ��a��t��,
<br /> r��ula�'s�r�s �r�d �rdin�nc�s�r�l���n� t� �1�� pr��t��ti�rr �f F�uman h��lth �r ��� �n�ir�nm���� ir��lc��€ir,� �nri�h�ut
<br /> I�mitati�n �h� ��rrj�r�h�r��i�r� �r��rir�nm�r�taE F�����n��r ��m��r��a�i��, �r�d Li��i[ity A�t a� ����, �s �m������ ��
<br /> U.�.�. ���tia� ����� ����. .�"�EF��LA"}; the �u�a�r�un� Am�n�m�nt� and ]���u�h�riz����n A��f �1���, Pr��, L.
<br /> N�. ��-��� {"��a�A'��;-���H a�a����s-II�I�t�ri�i��Tr�ns��r-t�ti�r�A�#��-� �!.�.�. ���ti�n ���1, �t���.�th� F��s�ur��
<br /> ��r���r��tian an�i Re����ry A��, �-� �J.�.�. ���tiarr ���1 f ��s��,r �r�th�r.����ic��[� ��t�t� �r f���r�l lavv�, tul���
<br /> �r r���l�ti�r�s ����t�d p�rsuan�th�r���,
<br /> E��r����a�f�ul�. T��v�r�r�� '�Ev�n��f ��f�ult�' m�an �ny��r th� ev�nt�o���f�ult��t f��rtl� ir�tl�i� D��� �f T�u��i�
<br /> th� ev�n�� ��F��f�ult���tr�r��f this ����d �#7r�a�t.
<br /> ��aar�ri��r. Th� v�r�r� "�uar��t��r" m�ans �r��r ���ra�tt�rr �u��ty� �r a���mm����i�n �a�y ��r �r�y �r �[I �� tF��
<br /> Ir,d�1��e���s�.
<br /> �uar��t�, Th� word "��a ran�y" r���ns tl�� �u�ra r�ty �r�m �ua rant�r t� L�nr��rr ir��lud ir�g vvitl���� ]ir�it�ti�r� a
<br /> �u�r�r���r���11 Qr��rt�f tl�� 1�1���.
<br /> H��aroi�ea� �u#�s#�r���s� Th� w�rd� �'H��ar���� ���s��r�c�s'� m�ar� m�t�ri�]� t���� ���au�� a� tF��i� �u�r�tity�
<br /> ��r���r,tr�tiarr �r �h��i�a[, �h�rrti��[ �� i�i��cti��s �h����t�ri�ti�sr TTl i�� ��1..145�.' D I' p�s� a� �r���r�t �r p���ntaal haz�r�
<br /> t� h�r�a n h��I��or t�� �r�vir�r�m�n-t v�h�� imp r�p�rly us��f� tr��t�d, st�r�d� �i�p�s�� �f� ��n�r���d� r��r���f��tu�r��,
<br /> tr�r����rt�d �r �th��v�is� �a n�I�d. �h� v�r�r�s "Ha�ard�u� ��f��t�r����`� �r� t�s��€ �n �h�ir v�ry b r��d��t��r�s� �n�
<br /> in�l�d� w��F��u� Iirrtit�ti�n ar�y �r�d a[� [�a��r���� �r t��i� s�tb�tan��s, r�rt�t�rial� �r v�r�s�� �s d�fir,�d �� �� �i�t�d
<br /> �r�d�r t1�� �r�uiranm�r�#�1 Laws. Ti��t�r� "Ha�ard��� �����a�n���" �1�� ir��[�td��, v�ith�ut limi���i�nr p�tr�l��m ��d
<br /> ��t��l��m by-�r�d u�t��r�r��f���ti�n�I��r��f an�l ��f��st�s.
<br /> 1mpr�v�rxti�nt�. Th� v�r�r�i "[m�r���rt't�r�t�n tr���n� �I� ��i�#ing and futur� im�r�v�m�r���r Ia�ai[�in�sr �tru��ur�s,
<br /> m�bi�� h�rr��� aff��c��] �� t[�� R��I Pr�p�rkyr �a��lities, ��fditi�r��F r�p[���m�n�� �n�i �th�r can��ru�ti�r� �n ti�e F���[
<br /> �r���r't�,f.
<br /> Irr���t��r�es�� Th� vtir�rd "1 nd��t��r�ess" m��n� �IE pri ncipa�� ir�t�r��tl an� ��h�r �m��,nt�r ca��s �r�� ��c��rt�es
<br /> pa�able �€nd�r ��t� liV�te �r ��I�#��1 �o��rn�r�t�� t���th�r wi�[� �[] r�n�vva�� ��, ��'t�r��i�n� ��r �n��i�i�ati�n� �fi�
<br /> ��n��I���ti�n� a-��nd su��tituti�n� ��r th� N��� ar l�el a��d ���urri�nt� ��� �ny �r��unt� ��p�n�{��[ �r�dv�r����[ �y
<br /> L�r�d�r t� d�s�h�r�� Trusta�'s a�li��ti�r�s �� ��p�n��� incurr��[ �y �r�st�� �r Len��r �� �n�ar�� Trust�r'�
<br /> ���i gat�arrs un��� th i� D��� �f Tr�s�r t�ge�f��r �rv it}� i r�#�r��� an �u�h �m�unts a� p r�vi��d i� tf�i� ���� �� Trust.
<br /> �p��ifi�al�y� w��h�ut limit�ti�r�� lr�d����drte�� in�lu��� tf�e �utur� a�van��� s�# f�rkh in tf�� Futur� Ad�ar����
<br /> pravisi�nr ta��th�r w i�E� �El inte�est th�r��� �n�l �]I �m�un�� that rr�a�{ b� in�ir��tly ���r�r�� by tl��
<br /> ���s�-��li���rali��ti�rt����i�t�n�f thi� a��� ��Yru��.
<br /> L�nc��r. T���rv�rd "��n��r" m��r�� �€�uit�f�l� ��t�[�r its�u������r�and a�sign�.
<br /> N�t�. T�,��nr�r� "�v���" means tl�� p��tr�i���ry n����i�t��i 11fla�r�f ����-f in t�� �ri�i��l pr�r��i��l arr���nt �f
<br /> ��4�����.�� fr�rr� Tru���r -t� Len��r� t���th�r v�rith all r�n��nr�[� ❑�� e�t�r�s��r�s �fr m��i'�i���i�n� o�,
<br /> r��ir��n�in�� �fr ��n�oCi�atians�f, �rt� ��k��tit��i�n��r�r�he pr��tiss�r�rt�t��r��r��m�nt.
<br /> P����nal Pra�erty. TI�� w�f�s "��r��nal ]�ra�er#y" ���n �I� �q�i�m�n�, f��tu r�sr �r��l �th�r �rt��[e� �f ��r�a nal
<br /> �r���rty �av�r �r h�r��f��r ov�n��i �y Tru���r, �n� ��vv ar ��r��ft�r �tta�h�� �r �ffix�� �o tl�� ��a[ �r�p�rty,
<br /> t����h�r vvith �IE $����51�[l�r p��s, ar�� a�ldEti�r�s t�� �I� r�pl���m�n�s ��r and �[1 �u��ti�ut��n� ��rr �ny �f su�h
<br /> �r���rt�; �n� t����h�r with �IC �r��e�ds {ir��l��in� �it�r�ut l�rriit�ti�r� �II in��r�n�� �rac�ed� �r�d ��f�r��� �f
<br /> pr�miums} fr�r� �r�y��1����th�r c�i�p��itio��f t�i� Pr�p��ty.
<br /> ��-�per-�y. T�t�vv�r� "Pr���rky" me�n���Il���iv�ly th� ���[ Pra��rty�nd tl�� P�rs�n�l �r�p�rky.
<br /> l��a[ �r���r�r. Th� v�ord� "R��1 Pr���r�y" m��n ti�� re�l �r�p�rt�, ir���r���s �n� �-ights r as ��rtf��r d�s�rib�� i n�h is
<br /> �e�d�f 3ru�t.
<br /> F��l�t�� D���rr�er�t�. Th� v�r�rd� "F��1���� a��um�nt�" r���r� a�l �rami���ry nates, �redit ��r���n�nt�, ]�an
<br /> ��r�err��r�ts, �nvir�nm�nt�l �g r��r��nt�r guar�r�ti�s, ����rit�,r ag r��rr�er���r ��rt��g��, d���is �f trust, ���ur��y
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