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<br /> ��E� �F T���T
<br /> La�r� N�: ��������� ���r��ir�u�d� P��e �
<br /> �en���i�ry. TI�� w�rd "�en�fE�iary� rrt��r�� Equita�l� E��r�l�f �r�d it�su����s�r��r�d �$s�gris.
<br /> ��rr��nr�r. Th� �r�rd "B�rrQvv�r" rr��ar�s F���I 119A La � F�H�A�� an� f�CA F�� C RH�Aa S �r�d i r��l u��� a[� c�-si�r��rs
<br /> ��d ��-m�l��r��i�r�ir��tf�� f1���� an� al�th�ir�����SS�rs�r��l �s�i�n�.
<br /> ����1 �f '�r��t. Th� v�r�r�is '+���� �# �rust" rr,��n �hi s ���d �f Trust arn�n� Tru���r� L�r�d�rr �r,d Trust��� �n�
<br /> in�lr���� �nrith�u� li�it��i�r� �I[ ��si�nm�nt �n� s���rity ir�ter��t �r�vi�i�n� r�[�tin� t� th� ��r��n�l pr���rty �r�d
<br /> F��rtt�.
<br /> �nvir�r�m�n#al ��w�. Tl�� w�r�s "En�i r�nm�nta I ��v�rs" m��n �r�y �r�d a If st�t�r f���ral �r�d [���] ��att�t��,
<br /> r��u��ti�r�s �n� ���i r�an��� r�l a�i r�� tQ ��� pr�t��ti�r, af h�m�r� h�al�h �r t�� �nvi r�n m�rtt� ir��]u�i r�� �nritl��ut
<br /> li�i��ti�r� �1�� Ca m�r���r�st�r� �nvir�r�m�nta[ Res��n��� ��m��r�s�ti�r�, a r��i Li abi!ity A�t a� ����f �� �m�n�C��F 4�
<br /> 1�.�.�. ����i�n ���1, �t ���, {"�EF��LA"}� �h� ����r��ar�d Am�n�m�r��s �n�i F��auth�r�z��i�� A�t�f 7���, P�a�. L.
<br /> �1�. ��-�-�� �"SA F�A"�r th� H��afd�u� I�I�t�ri�9��r�n���rtati�r,A�t, �� �.�.�, �e��i�n 7��1, ��s��.F�h�F��s��r��
<br /> ��n�e�v�ti�n �n� ����ver� A��t� �� �.�.�. ���ti�n ���1 r �t��q., �r�t}��r ��plE��bl� �t��� �r f���r�l lavv�, �u[��,
<br /> �r r��t�la�i�r�� ��apt�� p�ar��an�th�re��.
<br /> E��n�����faul�. Ti f�� �r�rds "�v�nt a�I����u It" m��r� �ny�f th� �v�nts�f��fauit s�t�r�rth i r�this ���d�f Tr��#in
<br /> �f�� ���r�t� �f d�f�ult���ti�n ��this ���d�f Trust.
<br /> �e��r�t���. Th��nr�r� "���r�r��" �m��r��th� �u��r�n�r#ram���rant��r �n��rs�r, ��r��yr �r��c�mr-n�d�ti�r�p�r-ty�t�
<br /> ��n��rr in�ludi���it��ut lim�t�tian ��u���n�y Q��li�r��rt�f th� N�t�.
<br /> H�z�rc���� �ul�st�r����, Th� v+r�r�s "Ha�zard�us �ub�t�n���" m��� rr����ria�� th�t, ]��c�u�� c�f tl�eir ���n�it�r
<br /> c�n��ntr��i�n �r �hy�i��l, cl��mE��l ar irtfe�ti��� �h�r���eristi��, ,��y ��u�� �r �a�� � pr����t �r ��t�nti�� h���rd
<br /> t� I�um ar� h��1�1n ar t�� �n�irQr�m�nt w F��r� irrt�r�p�rly us�dr-tr��t��r ��Qr��f �i�����d ��rr ��r��ra�t��i, m�nu�a�tr�r��f
<br /> tran�par��� �r �tl��rvvis� h�ndl��. Th� ��r�s "H���r��us ����t�n���" �r� u��d ir� th�ir v�r� �r��������r,�� �r��i
<br /> i��[�d� v�r itFr��� Eimitati�n any ��� a II h��ard�us �r ���i� ����t�r���$r m�t�ri�[s �r v�r��t� �� ��fi n�� lay �r �i�t�d
<br /> �n��r th� Er��i��t�m�r��al L�v��. Th�t�rm TM H��ar��u� �u�st�r���s" ���a i n�l u���, vv i����t!i mit��i�nr ���r�[�ur�r �r��
<br /> ��tr�I��m by-�r��u�ts �r�r�y�rra�ti�r�th�r��f a nd a����t��.
<br /> Im�r�v�rr��n��� T�� v,r�rd "I�pr�v�m�nt�" m��ns �[1 ��istir,� �r�� fu�ur� impr�v�m�nt�r ��il�in�s� �truc�ur���
<br /> rrt��il� I���r,�� affi��� �n th� 1���3 Pr���rty� f��i[�ti�s� a��i�ti�nsr r��[���m�r�ts �r��] ��h�r ��n�tru�ti�r� an �t�� F���I
<br /> Pr�p�r�y.
<br /> I r�d�I���drr���. T�� w�r� �'f nd�l����n�s�" m��€�s al i p rir��i�a�r i r���r���r �r�� �tl��r atr��aur�t�� ��st� an� ����n��s
<br /> p����l� und�r tF�� EV�t� �r R�lat��l ����m�nts, t���tF��r v�ritl� �I� r��evv�l� �f, ��ct�nsi�ns �f� rrti��i#i�ati�r,s �ff
<br /> ��n��l�d�ti�ns o���� ��1�$tit��i�r��f�r th� N�t� �r F��1���� ��c�m�r�ts �r�d ar�y�rn�ur��s ��cp�n��� �r���r�r���� !��
<br /> L�ns��r t� ��s�F��r�� Trust�r's ��Ci���i�n� �r ����r�s�s �n�ur��d by Tr�a�t�� �r Ler�d�r t� enf�r�� Tru��ar's
<br /> ��li��t3�r�s �nd�r tf�i� a��� ��F Tru�t,t�g�th��v�rith i nt�r����n such a��m��srtt��� pr��ri��d i n�his ���d �#Tru�t.
<br /> Len�[�r. �"h� �rv�r�] "z�rr��r" m�an� Eq�it�bl� f��r�l�� it� s u����s�rs an�i ���i�n�. Th� v�r�r�� "�u������r� �r
<br /> as�igrrs" r���n any�a����r��r��m��ny tha������r���r��i�t�r�st in tl�� �l�t�.
<br /> I��t�� �'h� �r�rd "N�te" m�an� t1�� gr�mi�s��}r r��t� d�t�� ���ruary ��r ����r ��1 t�� �r��in�l �r�r1�i���
<br /> ��1�'7�u�7� �f ���I�r���.�� �r�rrti Tru�t��ta L�nci�rr t����l��r wi�� a�l r�r,��aE� ��, ��t�����r�s �f� m��ifi��ti�r��
<br /> ��, r��in�r����tgs�fI ��r�s�li�ati�n��fr �nr�Sul�stitu�ti�n�f�r th� pr�mi�s�ry n����r��r�errtie�t. T��rr��t�rity��t� �fi
<br /> t�trs D��d �f Tru��i�J�nu�ry��I ����.
<br /> ��r��r��l Pr�pe�#y� T1�� vtir�rd� "P�r��n a[ Pr�p�rk3r" rr���r� �I[ ��u�pm�nt, �i�t�r�s r a n� �t��r �rticl�s �f p�r��n�l
<br /> �r�p�rt�r nav�r �r h�r��ft�r ��vn�d 1oy Trust��� an� n�vv �r h�r���t�r a����l���i ar �ffi��� t� th� ��a[ �r�p�rty�
<br /> �����["1�C VIlf�h ��� ����SSI�IISr ��ft�r �ll� ���i�l�l'1� ��, ��� �'��}����171�f1�S ��, �Cl� $�� �SL.I���i�l.#�l�l'�S ��I'f �C��jl �� �Ll��'l
<br /> �r���rt�; �n� �����h�r �i�h �[1 �r�����s �an�l�d�n� wi�hv�t lirr�ita�i�r� a!I ins�f�n�� p������i� �n�i r�fur�ds �f
<br /> �r��-nium�} �r�rrti �ny�al� �r��h�r�1��pQ�iti�r���the Pr����.
<br /> �r����y. Th�inr�rai "I�r���rty" m�ar����ll��ti��[��kh� ���I pr���r���td t�� Per���a[ Prap�rty.
<br /> R�al Pr��ert�. Yh��r�r�s "R��I Pr��erty„ m��r�#he r��] pr�p��ty� i nte���t��n� ri�h�sr ���furtF��r d�s��rib�� i r�tha�
<br /> ��ed�f Tr�st.
<br /> R�lat�d ���um�nts. TI�� �nr�r�s "R�[�t��[ ���um�r��s" rr���r� �!1 pr��i���r�r n�t��, cr��i�k ������r,�r,t�, 1��n
<br /> ��r��rr��r��s, �rrvir�nm�nt�l ��r��m�r��s� �u�r�nti�s, s��urity a�r��rr��nt�f rr�������s, d���s �f tr��t, s��ur�ty
<br /> d��d s r ��[]���r�� m�rt�a����� �r�d �II �tE��r ins�r�am�r�t�� ��r��m�nt� �n� �]��um�n��r ���tF��r n�� �r h�r�a�t�r
<br /> ��cistir��� ����ut�d i n ���n��ti�n v�i�h��� lr���bt��r��ss.
<br /> F��r�t�. Tl�� vv�r� "F��r��s" rri��r�� �]I �r���r�� �n� f�t�re r�nt�, r�v�r�u��, i r���m�, i�s u��r rQyafti�s{ �r�fi��� �n�
<br /> �th�r b�n�fit���ri�r�d fr�m�h� Pr���rty.
<br /> T�r��t��. Th�� �rv�r� "�r��t��" ���r�s �q�it��l� ���k {�r�nd lsl�r�d R��i�n}f vv��s� �d�r�s� is '['C�-1 15 N L��u��
<br /> �tF �� ���€ ���f �r�n� I�lan�r NE �����-�'����r�d�n�r�u�stat�at��r��a���s�r tru�t���.
<br /> �rust€�r. Ti���rv�r� nTru�t�r" m�an� F�E�1N��D � �H�����n�i 11�IAF�1�! RH��a�.
<br /> �AC�-1 TI���T�F� A���'V�V4������� HA�lI�� Fi��[] ALL Ti 1-�� �F��V]�[�1�� �F �HI� aEEa �� T��IST, Al�� E��H
<br /> TFi�J�T�R A�F����T� IT�TER IV��.
<br /> TRLaST�R: `
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<br /> RE� La �RN1�A�� � .-
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<br /> � � �� .
<br /> �lIARY [R A��
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