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<br /> �EE� �F TF����
<br /> La�n N�: ��l������ {���t[t�u��1� P��� �
<br /> �u������rs �r��I A��i�ns. �u����t t� �r�y I i rr�E�t��ti�n� st�t�� in th i� a��� �f Trust�n tra n�#�r �f Tf�st�r's i nt�r��t,
<br /> tl�i� aeed �f Tr�st �h�l[ �� bin�ir�� u�an ��d ir���� t� tf�� ��n��F�t ����� ��r�i��� �F��ir s�cce�s�rs a�n�] �ssi�r�s. !#
<br /> �v�rn�rs�i� �#�h� �r���r�y����rn�s v��t��l �r� � p�r��r� �th��tl��n Tru�t��r L�r�d�r, v�i�h�ut ��ti�� t��r��t�rr ��y
<br /> d�al vvi�tl�Tru�t�r`�su����s�r�v�ri-tF� r�f�r�n��t�thi� a��r�a��`r�st�r�d�h� I���E�t�dn��s k�y v�r�y�f f��l���r�r��� �r
<br /> ��t�n�i�r�wi�h���r�C���ir��Tru�t�r fr�m tl�e�b�i��tians�f thi� ���d �f�i r�sfi�r fia�i[ity��d�r th� in�i�tat��[n���,
<br /> �im�i���tl���sser���. Tirr�� i� af th���s�n��in�h�p�rf��man���f thi� ���� ��'Cr�st.
<br /> Vwaiv� .��r�,r� All parti��t��hi� ���d of Trra�� h�re�y w�iv�th� ri�ht t� �r�y jury�ri�[ in �r�y��tianr �r�����ii�a�r �r
<br /> ��ur�t�r���i�n br�ugh�l�y�rrr��arty a��in�t�ny�th�r p�rty.
<br /> VtiJ�i�r�r �� H�m��t��� �x�r�n�ti�n. Tr��t�r h�r�b�r r�l��s�� an� w�iv�s all ri�F��s �r�� ��r����t� �� tl�� F��rr���t��d
<br /> ���rr��ti�r� I�vv����h��t�t� a�r N��r��l�� as t� �II Ir�d��t�dn��s s��ur�d by fi�i� �����f Tr�st.
<br /> �EF[��T1C�N�. Tf����f��v�rin� �apit�Ei��� v��rd� an�i#�rms sl��ll l��v�tFr� ��11��ri�� rt�e�r,ir��� �t��r� u��d ir,t�iis a��� ��r
<br /> Tr��t, l�r�l��� s���i�i��lCy st�t�d t� ��� ��ntr�ryf all r�f�r�n��� t� d�ll�� a��u�ts shall m�an �m�unt� in la�vful m�n�y
<br /> �f ��� �ni��� �t�t�s �� Am�ri��. �1l�r�� �n� t�rm� u��� ir� tl�� sir��u��r �I�a1C i�cEu�e th� �lur��� artd �h� plur�l sf�all
<br /> i����a�� th� �ir��u I��, �� ��� c�r�t��t rn��r r��ui r�. l�lf��d� an� ��rm� n�t �th�r�rv i�� ���i���] in tE�is ���� �f Yr�s� sh��l
<br /> h����th� m�an in���ttri2�ut��1 t��u�h��rm� in th� !�n if�rm ���m���i�[ ��d�:
<br /> ��n�f�i�ry. Th�w�rd "��n�f��ia�y" rr���r�s �qurt�b�� �ank� and its��������r�an����i�n�.
<br /> ��rr�w�r. T�� v�r�rd "�arr�w�r" m�an� TII�l�TH1� � M�EF� an�1 L�1�1��1�CE ,� I�IE1�EFt �n� in�lu��s �1C ��-sE��r�rs
<br /> an� ��-m�I��rs�i�nin� th� N�t��n�i�l��F���r su���ssars �n� as�ig€��.
<br /> ���� Q� 7r���. TF�� w�rds "���� �f Trust" m��n thEs ���� a�f Tru�� am�n� Trust�r, ��n��rr �n+� �`ru�t��r �n�
<br /> ir��l ud�� �vit�i�ut lim it�ti�n a!I �ssig r�m�n� an� ����rity i nt�r�s� �rpvisi�rr� rel a��r,� �t� th� ��r�an�I ��-aper�y �r�d
<br /> R�n�s.
<br /> ��fa�,��� Tl��v�r�r� "��f�u3t" rr���ns th� a�f�ult�et f�Tt�in��i� ���c���Tr��t in�h����#i�n ti�l��] "a��rauCt".
<br /> En�ir�r�rrr�nt�l ��v�r�. Th� ��r�� "Er�vir�n��nt�l ��v�rsTM rr,��€� �r,�r �r�c� a�l1 ��at�� f���r�[ �n� [��al �t�t���s�
<br /> re�ul�ti�ns a n� �rr�in�r���s r�[�tir�� fi� th� �rat��ti�r� afi h�m�r� h���th �r th� �nvir�r�m�ntr i��l��in� vtiri�f��u�
<br /> [irrtit�ti�n �h� ��m�r��n�n�iv� �n�ir��m�r�#�1 ��s��n��, C�rrt�����ti�r�I �r�d Li�b�lity A�t �f �1���, �� arn�n��d, ��
<br /> �].�.�. �ec�i�� ����� �� ���. {"�Ef��LA"�r th� ��a��rf��d Am�n�m�r�#� �n� F��au�h�riz�ti�ri A�t �f "��$�r �ub. L.
<br /> Na. ��-��� �"�AR��'�,th� H�z�r�au� [1�C�t�ri�ls 3���s��rt�t��rt A�t, �� �.�.�, ����i�n '[��'�, ��s��-r th� ��s�ur��
<br /> ��r�serv��i�� �n� I����v�ry A�t� �� �.�.�. ���ti�r� ����� �� s��.r �r��h�r ���li���l� st�t� �r��d���l ��wsr rul�sr
<br /> �r r���r[�ti�n�������d p�rs u�r�t tf��r�t�.
<br /> E�ren��f����ul#� T��w�rd� "Ev�nt�f a��aul�" rr��an �ny�f th����nt��f d�fauEt s�t��rfiF� ir�t�is ae����Tr��t in
<br /> th�� �v�nt� �f��fault���t�Qr��f�his ���ci�f Tru�t.
<br /> �u�r�n#�. 7h�u�r��d "�u�r�r�i�" rrt��r�s th�� gua�an�y fr�r� �uar��t�r, �n��r��r, s�r���rr �r acc��r,rrr����i�r� pa rty t�
<br /> L�r�d�rr i r��Cud ir�� w i��ar�t�i mit�t��n��uaran�y�f�IE�r��rt�f th�N���.
<br /> l���ar�[�r�s �u�s�r��es. Tl�� �v�rd� "H�zard�u� �u�st�n���" m��n m�t�ri�l� th�t, I����u�� �f tl�eir �uantity,
<br /> ��r���r��r�ti arr �r �h��i�a[, �h�rrti��I Qr i n��c�i��s �I��r��t�r��t[�sr m�� ��us� �r ��s� � pr����t �r ����n�i�� h�z�r�{
<br /> t� h�m�n h��l�� �r th� �r�v�r�r�m�r�t v�rh�rt im�r�p�rly�s��lr tr�a���F ���r��� dE�����d �f� ����r�t��, m��u�r��tur�d,
<br /> tr�ns��rt�� �r ��h�rv�ris� F�anc�l��i. �h� v�r��ds "Ha���rdau� �u�st�r,���" ar� us��] in #h�ir v�ry �r������ s�r��� �r��
<br /> �n�lu�� wE�h�ut [imit��i�r� ar�y �rtd �I! ha�ar���� �r t��i� ��b���n�e�, rri�t�ri�ls �r vv��t� �� ��fin�d �y �r ]ist��i
<br /> �rtd�r th� Er�viranm�r��al L�w�. Th���rrr� "Ha��r��u� �u��tan���" �ls�inc�u���r vrrith���limi���i�n� ���r���urr� �r��
<br /> ���rQl��,m �y-�r�d��ts �r�r��r#ra�ti�n�tF��r����n� �����t�s.
<br /> �rr��r��r�rr���t�. Th� v�r�rd '�Im�r���m�n�s" m��rr� �IE ��i�#i r,g artd fut�r� im pr�v�m�r�ts r ��i��in�s� ��r��tur��f
<br /> m�bil� ��m�s ��i���i �r� tl�� R��] �r�p�rty� �a��liti��r ���Et1�I7�� r�pC�c�rri�r�t� �r�� �th�r ��r���ru�ti�n �n t�e F���[
<br /> Pr�perty.
<br /> [r�d��t�dn���. 7�� vv�rd "[�id�l���dr�es�" m��r,s �ll �ri n�i pa[r Rnt�r��t, an� �th�r �m�u r,�s� c��t� and ����n��s
<br /> ��y���e u r,d�r tl��•�,N�.t�..�:�.E�.�l�.t�� ����m�r+�s r t���tl��r vwi�th �I� r�n�v�ra[s ��f �x��n�i�n� ��r..TT7��iI�C�'r��1Q C7� ��f
<br /> ��n���i�a�i��� ����n��r�����i����i����s f�r�h�.-:�l�t��r R�l�t�� D��um�n�� �n�! �ny�maunts ����ri�f�d �r`�dv�r���d �y
<br /> L�n��r t� �is�h�rg�::Trust��c's ��.�li���i��r� �r ��c��r���� ir��urr�� E�y �r��t�� �r���nc��r, t� �n��r�� Trust��'�
<br /> ��li��ti�n� �n�i�r��iE������t��f:�rrast,�t���th�r v�ritF� i€�t�r�st �n ���h �m�ur�t� �� �r��i��� irr tf�i� ���d �� Tru�t,. . .
<br /> ,�...
<br /> ���c�f i�a��li;r, vtirit�i�ut'�iiiri���ti an�r�--�I�r����t��n��s i r�cCud�s tl�� futuf� �dva n��� ��� f�rt� i n �h� Fu�ur� �dv�rr���
<br /> �r���s i�n f t���#her wi�l� �ll i r���r��� th�r��n an� al� �ma�nts tE��� rr��� I�� i r�di���t�y� ���r�r��� !ay t]�� .
<br /> �r��s-��ll�t�r�l[�����r� �r��i�i�n�f��i� ����I�f T��st. , �, . . ,
<br /> L�r����. Th,�v�r�rd "L�n��r" rr���n� E�ui����� ��rtk, it� s u����s�rs�r�d �ssi�r�s.
<br /> N�t�. Th� vv�r� '�N���" rr,���s th� �ramiss�ry n�t� d�t�� �J un� �f ����� i n ��� �ri�inal �ri n�i��i� ��'17���'�
<br /> �� �'�'��r���.�� fr��n T��st�r �� �en��rF t����l��r �nr�th �il r�n��nrals �f, ��c��nsi�n� a�r rn��i��i��ti�r�s ��,
<br /> r�f�n�r,�i n��a�� co���l id�ti�r����, �r�d�ubst�t�ati�n�f�r�h� �ra miss��y�i�t��r��r��m�r�t.
<br /> Rer�onal t�r����'t�,r. Tf�� v���d� "P�rs�n�[ Pr�p�rty�' m��n ��l ��t�i�rt��r��� ti�ct�r��, �n� �th�r arti�l�s of p��s�r��l
<br /> �r�p�rty n�v�r �r h��r�a�ter ��nrr��d �y Tr��t�r, �tn� n�w �r i��r�a�ter �tt��h�d �r ��i�c�� t� tl�� F���l �r���rty�
<br /> t���tk��r with� a I� ������«n�, part�� and �d�{iti�r�� t�r a I] r��l���rr��n�� ❑fr a nd al l �u�stituti�r�s f�r, �r�� ��r ����
<br /> �r���rt�r,and t�g�t}�e� �rvitl� �II �r�����s ��n�l��ing v�rEth�ut [ir�at�t[�� a�l [n��r�r��� �r�c��d� ar�r� r���nds ��
<br /> pr�mir�m�� �r�m �n�r s�le ar ather dis��si�i�r��f th� Pr���rt�_
<br /> PrQ��r#�r. ���vv�r� "Pr���rt�" m��n� ��f I��tiv�[�r th�F���E �r����y�rr�tf�� ��rs�n�[ P��p�r�y.
<br /> ,,R
<br /> R��I �raperty. �h���v'�r�rd� "I���� Pr���rty"r mean#h� ���I �r�p�rtyr int�r���� �n�1 ri�ht�, as#u�t�t�r�I���rii��� in th[�
<br /> ���� �-f Tr���_
<br /> F���a���f a�G��r,�r�t�. �h� v�r���s "F��la��d �a�u m�n�s" m��n �I[ �r�mi���ry n�t�s r �r�dit ��r��rrt�r�t�f E��r�
<br /> ��r�ern�nts, �n�riranm�nt�l �����rr��t�tsr ���r�nti��, ���urity agr��rr���ts, rr7�rt�a���t ����� ��r �ru�t, ���urit�r
<br /> d��d�r ��Il�t�raE m�r�����sr ��� a[1 �th�r i�strurr��r�t�, ��r��m�nt� �n� d�cuE-r3ents, v�rh��[��r ��w �r h����ft�r
<br /> ���stir��, ��������i ir���n����i�r��:th tf�� I n���t��n��s_
<br /> R�n��. The v�r�rd "F��r�t�" m��rt� al� �r����t an� �utu�� r�r�ts, r�v�r��a��, �n���n�I i�su�s, r�y�lti�s, �r�f�t�f �rt�
<br /> �t�i������fit��l�riv��fr�m t}�� �ra���ty.
<br /> Tr��t��. Th� wa r� "Trust�e" rrti��r�� ���i-t�b I� Sa�� ��r�nd ]sl�r�d F���i�n}, w h���� a��r�s� i5 1 1�-1�5 �l L���st
<br /> �tr �� ��� ���r �r�nd I�l�r�dr N� �$���-�����r�d�ny���sti�r����r s������ar t�u�t��s.
<br /> Tr���r. Th� v�r�r�i '�Tru�t�r" m��r�s TI I�lI�TH�,� IVl E�ER an� L�I�F�AE[11�J [I�'���E�,
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