Laserfiche WebLink
��14�4715 <br /> �E�� �F �F���� <br /> ���r� IV�: '�������-� �����ir�u��� ���� � <br /> ���h� d�#aul�ar ��rs��r�t ta�uc� n��i�� ����f�ult; and, r��tv�it��tar�di��#h� c�ntin�an�� in �����s�i�n �� <br /> th� �r�p�rt�r �r t�� ��Il��ti�n� r��ei�� ��d ��p li�a�i�n af ��r��s, i��+��� �r �rofits� T�-t�st�� v r Len��r �h�#I <br /> I�� �r�ti�l�� tv �x�r��s� �v�r}r ri�ht �r��ri��d f�r ir� the N�#� ��tl�� F���at�� ����tr��n�� �r b� I�v� u��n t�e <br /> ����rr����ofi�n� ��r�rrt�#����ul�r in�lu�i���h� ri�ht�� �x�r�is�th� ��v�rer a��a��r <br /> ��� ��mm��ce an ��ti�n t� f�re�lo�� this D��� �f Tr��t�s a m�rt����� �J�p�int a r�c�iv�r�r sp�cifi���ly <br /> _ e r�fQr�� a ny af�h� �a��n a r��� her��f� �r�d <br /> {c� D�I�v�r t�Trus��� � v�ri�t�n d��lar�tion�f�i�f��lt ar�d d���t�d f�r sal� �nd a �ri�t�r� n�ti�� �f��f�ult <br /> and ����ti�r��� ��use T���t�r`� ir�t�r��t in th� Pr���rt�{t� be �o�d, �vhi�h ��tice Tru���� sh�lE ���s� t� b� <br /> �u[y�i��d ��r r���ral �n th� ap�r��ri�t� ���i��� a��h� ��u�ty in�v�i�l�tl�� �ro�erty is I��a#��; ar��J <br /> {�) 1rlfith� r�sp���t� �I� �r ��y ��rt�f tf�� ��r��n�l i�r���rtyr L�r�d�r �h�ll ���r� al��he ri�h#s an� r�med��s <br /> �f�������d p�rt�r �r���r th� [�ebr���� l�nifarrn ��mrn�rci�l ��de. <br /> F�r�Gl��ur� t�y P�3rv�r�f�al�, If L�r�de�-�I��t�ta fi�r��l��� t����c�r�is� �f th� ����r�� ��I� h�r�in ��r�t�ined, <br /> L��d�r s�all r��#if�r �ru�t�� and sh�l� �1�p�sit w�th Tru�t�e �h�s a��� �� Tr��t ar�d th� N�te �n� ���I� r��ei�#s <br /> �nd evi��n���f����n�litur�s m��i� �nd �ecUr��i b�r thi� ����1�f T�u���s�ruste� m��{ r���ir�. <br /> {a} �Jpan r���i�t�f su�h ��tic� #r�m Len��r, Tr��t�� s�al� ���s�to k�� r���r�i��l, �u���sh�d �r�� d�li�rere� <br /> #� Tru�t�r s��h N�ti�� af a�f��lt �r�d N�ti c� �fi S�I� as then r��ui r��l �y I�� �r�� by tl�is p��� �f Tru�t. <br /> 7rust�� .�I���I, v�ri�h�ut ����r�d an 7�ru�tQr, �ft�r ��a�l� �irr�� �s may �I��n b� r�a��ir�� �y I�vtir an� �f��r <br /> r���rd�ti�n �f su�h f�oti�� �� D�fault �rr�f �ft�r N��i�� �# ��I� h�vir�� ���r� �i��n as r���ir�� �y lav�r, ��fl <br /> �i�� Fr���rt�r at �:h� ti�n� �r�d pla�� �f ��le fi��� ��r i� ;n su�h �lati�� �� ��1�, �ith�r �� � v�rh���r �r i� <br /> ����r�t� lats ar p�r��l� �r it�m�► a� Tru�t�e sh�lf d��m ��p�di�ntf ar�d �n �u�h� �r��r as it m�y d���rmEr��r <br /> at �u�Ci� au��Ra� ��tf�� hi�l�est bid��r �or ���h i�r l�v�ful man��r af th� Uni��� �t�t�s R�y�ble ��t��tirx�� <br /> �f sal�. �ruste� s�aEl ��li��� t� su�l� p�rch���r �r �u��h���rs th�r�t�f it� g��� an�1 suff��i�r�t d��c� ❑r <br /> d���f$ �o r��r�yi n� t�e �r��r�rty s� s�l�r �ut w�th��t ��� ��v�nant �r �r+r a rra nt�, ��cpr��� �r im pl i�d. Th� <br /> r��ital� ir� �u�� d��� �f any m�tt�r� �r fa��� s�all b� �an�l����r� �r��f €�f tl�� truthfuln��s t��r�a�� An�r <br /> p�rsanf ir��lu�in� v�ri�h�ut lir�itatior�7�ru���rr �ru�t��, �r��r���r� rr���r p�rr�h�s� at suc� s�l�. <br /> ��� As rr���r �� p�rm�tt�� �y �av�r r aft�r d�d u�ti n� a�l ���ts r fe es �r�� �xp�ns�s �f Trus�e� ��� �f th��s <br /> Tr��tr ffk�Il.i�l�l� ����� ���V���I����f�It�� [Tk��1�1�1���1af1 VI�I�FI ��I�, Trust�e�i��ll �p��y�h� �r����d��f s�l� <br /> to p aym�nt�f {a� a Il s�m� ��c��n�l�d un��r�h���rms�f t�ris C���d af 7r�st�r un��r th���rms o�tf�� N�t� <br /> n�t ���r� r���id� in�ru�i�� k��rt r�a� �imit�d f� �ccru�d ir�t�r��t ar�d l�t� �I��r��sr �ii} �II �th�r �ums t��n <br /> s��ur�r� h�r�b�, an� �iii� tl�� re�naind�r, if�ny, tv t����rs�n o�-pers�r�s I���lly�r�titl��#thereta, <br /> {c� Tru���e m�y in t�� m�nrier �ra�id�d �y l��rv ��s�p�n�s��� af all �r�r��r ��rti�r��f tl�� �r�p�rt�r. <br /> F��r�edi�s N�t Ex�lusive. Tru�t�� an� L�n�1�r+ �nd �a�h �# th�m, sh�l� �� �n�i�le� t� �nfor�� ��yrr��nt a��l <br /> ��rf��rr�sn�� �f a n�r in�l�k�t��r��ss �r o l�1 i��ti�r�s ,����r�€� k��r�i�i� �eed ��Tr�rs�t an�1�� ����r�i�e a II ri�ht� a n� p�v�r��-s <br /> un��r �hi� a�ed �f TrU�t, �n��r th� iV�t�, ur���r �ny �f th� R�iat�€� a��urr��r�ts, �r un��r �n�r �ti��r ��reem�nt �r <br /> �ny la�rv� n�v�r �r h�r�aft�r in #�rc�f n��r�ritk��t�n�ir��, s�rn� �r��I o�s��h in�f�b���n��s �r�� vk�Ii�a�f�C1S S�Cu��d k�y <br /> �I��� ae�d af Tru�t rr7ay n�v� �r ��r�aft�r �� �tl��rvtri�e ����r��l, v�h�th��r l��r rrror��a��, ���d a� tru��r �fedg�, li�n, <br /> ���i�n�nent ar �th�r�r i��. N�it��r th� a c�ept���� a� th�is a���1 of Yru�t n�r it� �r�f�r��mentr vtir h��#h�� �y ��urt <br /> ��ti�r� �r �ursu�nt ta the �av��r �� ��I� �r �#�er ���rv�r� �o�t�in�� ir� this ���� afi Tru��f �h�ll �rr�j�di�� �r �n �ny <br /> �n�nr��r a�ffect �ruste�'� �� ���r��r's rig�t t� �-�ali,�� ���n ar �r�f���� a�y �th�r ����rity r�a�rv �r h�r�aft�r h�l� �� <br /> T�-��t�� �r L�r,d�r, it k��in� �gr���th�t Tru�t�e �r�d f��nd�rr �n����h �f tl��m� �i���� k���ntitl��t��r�f�r��t�i� ���d <br /> �f Tr�st �n d a�y ��h�r s��uri�y navu ar hereaft�r h�l d �y L�r���r �r T�u�te� i r� ��r�h �r��r �r�d rn a nn�r �� th ey �r <br /> �3th�r �f th�rr� rna� ir� tl��ir ab��l�t� �i��r�ti�r� d�t�rr�in�, iV� r�m�d�r ��r�f�rr�d up�n �r r�s�rved t❑ Tru�t�� �� <br /> L�nd�rf is ir���n���! �k� b� ��c�lu�[�� �f �n�r �th�� r�m��ly ir� tl�i� ����i ��Tr��t �r b� I�v�r �ra�id�� �r ���mit���, E�ut <br /> ���f� sh�ll b� �u�ulativ� an� sh��ll b� in �d�iitian �� ��r�ry �th�r r�rrr���r �i��n in this �e�d af Tru�� �r n�v�r �r <br /> I��r�a�rta r�xis�i ng �t lav� ar i���uit�r�r t�y st�t�t�. �v�r�+ p�w�r�r r�med� �iv�n� �y�h� �1����r�ny❑f th�R�I�t�� <br /> �a�um�nt� t� Truste� �r L�r�der �r t� v�rh i�h �it��r �� tl�e� m ay �� �t�r�r�i�� e ntE�l��f m��+ b� ��c�r�ts��f <br /> ��n�urr�r�tf�r ar in����n�e ntlyr #ram ti m� ta tim e an� �s �f��n as m�� k�� d e�nn��l �x��di�nt E�y Truste e o�r �.��d�r, <br /> �r�d e�th�r �f �h�m rna�r p�rsu� in��n�i�t�nt rernedi�s, �l��hin� �n �his f���� �f Tr�,s� �ha�ll �� ��n�tru�d �� <br /> pr�hi�it�r�� L�n�ter�r�m s��l�in� a �efici�nc�r�u��m�nt ��ainst th�Tru�t��t� th�� ��ct�n����h ��ti�n �s p�rmi�t�d �y <br /> 1 a w. EI���i�n �� L�r�d�r t� �u�rs u� a n�r r�r���I�r �h a II r��# �x�l u�l� pu r�u it �f ��� �#l��r rem��l�r, an� �n �E��ti�n t� <br /> r��ke ������1 i��r�� ar �v ��k� a cti�n t� ��rfi�rm sn v I�I i��ti�r� �f �r��t�r �nd�r #�i� ���� �� Tru�tr �fter �r�st�r's <br /> f�ilr�r��ta �erf�r�r sl�all n�t�ff�ct Lender'� right t�c��clar�� d��ault a�� ��c�r�is� r�s r�rr��die�. <br /> R��u�st f�r�#otiGe. Tr�st�r, an ��l�alf�f Tru�#or��n� �,�n��rr h��r��� ��qu��#� th�t� �a�y�f�r��r Nati�� �#a�tault <br /> a r�d a ��p�r �f�n�r �l�ti�� �� ��I� un��r th is ���d ��Tru�t a� ��il�� t� th��m �t th� ��d r����� s�t far�� i r���� f�rst <br /> ��r��ra�h�fi tl�i� ��e���Tr�r��. <br /> A�arn��r�' �e��r E�€��n���. I� L�r���r i�s��t�at�� ar�� �u�� ar ��ti�n t� �n#ar�� �r��r �f �h� t��rms �f thi� ���d af <br /> Trustr L�n��r�h�lf �� �ntitl�d t� r��a�r�r �u�l� ��rr� a� �I�� ���rt m��r �dj��g� r����na�l� as att�rr�e�r�' ���s ��tri�a <br /> �nd U��r� an� �}��e a[. Vlfl���h�r �r n�t �r�y �a�rt a cti�r� is invQ����l, ��d t� tl�� �xte�� n�t �r�hi�it�d i��r �a�vv r a I� <br /> r�a��nab�� e���nses L�n�J�r in�ur� that ir� L�nd�r'� �pin�an �re ne��ss�r�r �t �n� tim� f�r tl�� �r�t��ti�n �f it� <br /> �r�t�r�st ar th�� �nf�r����nt�f�t� ri�hts shal� ��came a ��rt af�he �n�l�����n��s ���r��l� ar� ��m�n� �n� sl���l ���r <br /> �n��r��t �t th� f�E�t� r�#��r�m tl����t��f tl�� ����n ditur� �ntif r�p a i�. E���r���s ��ru�r��l b�t�i� ��r�g ra ph i�r�l u�i�, <br /> �ritk���� lim�t�ti�n, h�w���r subj�ct ta �n�r iim�t� un��r a��li���Ie lavxr, ���k�I$F�5 �tt�l'C�E.'��� ���� �n� ��n��r'� ��ga� <br /> e��ens�s, v�rh�tl��r �r r��t �her� �s a #av�r�u�tr inclu�in� a�t�rn��rs' f��� �n� ��€p�r���� f�r b�r�kru�#��{ pra���dir��s <br /> �in�ludir�� �#f�rt��� m�dify�r v���t��r�y aut�m�ti�st���r ir��un�tio�}, ap��als, ar�c� �t��{ �r�ti�ip�t�cl p�st�-�ud�rx��n� <br /> c�l���ti�n s�rvi���, tf�� ���� �f��ar�f�ir�� r�c�rd�� ��tai�ir�� titl� r�p�rts ��r��lu�ting #�r��l���r� r�p�rts}, �Ur-���r�r�' <br /> r���rt�r �n� a pp rai��I f���, titl e i r,s ura�n�e, an� ���� ��r ��� Trust�e, t� th� ��t�r�t ��rrr�itte� ��r ap�li���l� !aw. , <br /> ���sta��1�� �rviil �ay �n�r ��urt c����, ir���d�#i�n t��II �t�er s�ms pr�v���d b�r I��v. <br /> Ri�h�s ����-u�#�e. �ru��t��s�a�ll ��ve �ll �f tl�� ri�hts a�n� dutaes o���n��r as s��f�rtl� 'rn#hi����ti�n. <br /> ��1�IIEF�� AN� �BLI��Ti�IV� �F TRI��TEE. Tk�� fo�la�rvi�� �rovisi�n� r�l�tir�g t��h� ��v�ers ar�� ��ligatior�� �f Tru���� <br /> ar� ��r��fi this C����f�f Trust: <br /> ��v�r�rs �f Tru��e�. I n ���iti�r�#a �I I ��vv er� ��Trust�� �ris i r�� �� � m at���'�fi I a v+�r Trr��t�� �ha1� h���th� ��w�r t� <br /> t��k� th�� f�II av�r�n� a�ti�r�� vvi�h ������t�a th� I�r�#��r�� upQ r� tl�� vv ritt�n r����st �� L�nd�r a n� Tru���r: ��} ja ir� i r� <br /> pr��arin� �r�d ��lin� a �n�� �r �l��t �f #�� F��al I'ro�er�}�r in�I��Jin� tl�e �l��1i�a#i�n �f str��t� �r �ther ri���� t� ��� <br /> p�bli�r ��] ��ir� irr �rar�t�r�� ���r �ss�m�nt �r creati�� �r�y r��tri�ti�r� �n th� R��1 ���p�rt�; an� ��} j�in �r, �ny <br /> s�b��din�ti�r��r�th�r a+�r��m�nt aff��tir�� tl�i� ���� �f Tr�st�r�h� ir�t�r��#��L�nd�r�nc��r��is ��ed��`�ru�t, <br /> Trust��. �"r�st�� s h�11 rr���t ��1 �u�f i�i�a�i�n� r���Er�d f�r ���,st�� un�t�r a�p li�abi� I��. I r� add i�i�r� t� ��� ri�I�ts <br /> �nd r�r���i�s ��� ��rtl� a�o�r�, �it� r��p��t t� �If �r a ny ���t �f #h� I�r���rt�rr t�� �r�st�� ��a i I h�v� �h� ri�h� t� <br /> f�r��ias� br� nati�� �r�d sal�, ar�� L�n�ler �h�ll h�v� ��� ri��nt t� #�r�c�ose E��ju�i�iaf f�r�cl�surer �n �ith�r ���� ir� <br /> �c�vr�ar���wi#� �n�t� tl���ull ��€��nt�r��i��d b� ���li��bl� la�rv. <br /> �u���ss�r�r�st��. L�n��rr �� L�n der's �p�i�n, m ay fr�r-n��rr��t� ti r�� �}�p�i�t a �u���ss�r Tru���e t� a n�T�ust�� <br /> ��p�ir�t�d ur�d�r t�ti� �e�� �f Trus# �y ar� ir�strurr��nt ��r������ �n� a�l�r��vvr����� b� �,���i�r �n� r�c�r��� En th� <br /> �f�i�� �f t�r� re��r��r �f H�II ���r�ty, �tst� �f N��rasl��. Tf�� instrume�r� �h�il ��r��air�, ir� addi�ior� x� all �th�� <br /> m�tt�r� r�c�ui r�d }�y �t�te �a�r� th� n�m�� �f t�� �rigin a I Ler�der, Tr��t��f �r�d �rUst�rr the b��k a r��l ��g� �o r <br />�----- "'I"""`�'.7'IT'.'T'IT�^• . ��. .�. . r'IT�Y��'1hX• ^^�I'Tr'�rtrt�^r+�^�..—.......p....r.,...��:,�.q.,q�*�...rv•�n�n4tf�+mv���•W.�.rrnr—n��—�.�nnr...�am�rnr.m�r rea+rvw+..n�rn�__-�.......w�� .---..�.«.,��...�..... �..��.. .......r.,��.�...� <br />