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<br /> � l���I� �F �R�l��'
<br /> L��n II��: �'I������ {���1'ti�1u��� Pa�� �
<br /> �i��i�� �f 1��n��. [f�h�r� is � ��ws uitr Tr�a�t�r ��r��� �p�n L�ncl�r'� r����st f� �u bm it t� t��juri��i�t��� �# �h�
<br /> ���r��������C�s �Q�n�yF �t����f N�E�r�s l��.
<br /> .l�i�t �r��i ���r�ral Li�i�ility. AI[ ���i��ti�r�� �f�r����r un��r �his a��d �f Trust sl�all b� j�ir�� and ��v�r�l, an�l �I!
<br /> r�f�r�n��� �� Tr��t�r �F�al� m��n ���h �n�[ ���ry Tr�st�r. T�E� rrt��r�s tf��t ���Y� Tru�t�r si�nir�� �����+r i�
<br /> r��p�n�ib[���r all ���i��ti�n�in t�ti� ���d�f�r��t.
<br /> �V�1�laiver�y L�r���rR ��n��r sh�l[ n�t �� ���m�r�t4 l���r��r�iv��l ��y��gl��s �r�d�r�f�is ����t �f���rst ur�[��s �u�l�
<br /> �rtir�i�r�r is �iv�r� i r� �vriti�� �rr�s i�r��d �y L�n��r. N� d���y�r�m i�s i�n �r�th� pa rt��L�nd�r i n ���f�i�ir�� any ri�ht
<br /> sh�ll �p�r�t� �� � w�i�r�r��s��h �3�1�t�r�r�y�th�r r���t. A w�iv�r�y L�r,d�r�f� pr��is��r� ��fiF�is a��� af Tru�t
<br /> �h�ll r�at �r�ju�i�� �� �an��it�at� a v�����r �� L�n��r'� ri��� �th�rv�ri�� �� ��man� s�ri�t ��m�ali�n�� with �t�na�
<br /> pr��risi�n �r �ny ��h�r �r�vis��r� �'f #1�i� ���c[ ��r Tru�t. N� �ri�r ��i�r�r f�y L�r,d�r{ rto r. ar+�r �au rs� �f ��alirr�
<br /> ��tv�r��n L�r,d�r �n� Trust�rr �h�lf ��n�itut� a v�raiv�r �f ��y �� �.�n�t�r's ri�ht� �r �f any ��Tru���r`s ��li�a�i�ns
<br /> �� t� ��y�r�tur� tr�n����i�n�. �FIlh�r��v�r th�� c�rrs�r�� �f ��n��r i� r���ir�d ur��i�r tY�i� a��� �f Trust� ��t� �r�ntir,g
<br /> �f �u�h ��r�s�r�t 1�y L��d�r in �ny in���n�� sh�ll n�t ����tit�t� ��ntir�uin� ��r�s�nt t� ��abs������ �ns��n��� w�n�r.� �
<br /> su�F� ��n��nt is r�q�i���l �n�l ir� ��l ����s�������s�r��rr�ay���r�r�t�d�r�nrit[�h�l,d �n th���9�discr��i�n��Len��r.
<br /> ��v�r��i��ty. I� � ��[.1�'k �� ��I�C'1����1'���l.]l'1�(�C�tl�l'] fir�d� any �r�vi�i�n ��this ����,�f�rr���.t� b.� ilf���i, inv��idf �r
<br /> un��f�r��abE� ��t� an� ��rs�n�r �i r��m���n��r �h���in�fi ng sh�I[ n�t mal��'#he �#f�n�irig �r��risi�r� i1l�g�f, i r�v�Ei�,
<br /> �r ur��r�f�r���f�l� �s t� �r��r �th�r p�r��r, �r �ir�umst�r���. If �F�asibl�, th� �ff�r��ir�� Qr�vi�i�r� �h��f b� ��n�i��re�
<br /> m�c�i�i�� s� �h�� it b���m�� ����1� v�li�i ar�d �r���rc��E�l e. �f tl�� �ff�r,�in�,��r�irisi�r, ��n r,�t b� �� m�di�i�d,�i��h��l
<br /> 1�� ��r��i��r�� ��I���d f��r� t�i� ���� �� Tr�a�f. �J n[��� ��h�rv�ri�� r��uir�r� f�y I�w, �h� il f eg ali�y, iriv�l i�ity� ar
<br /> �n�n��r���bil i�y���r�y �r�v€�i�r� ��f t]�i� a��� �f�rr�st sha11 n�t a�r���tFr� I��aCityr vali�i�ty�r �r�f�r�����li�,r �� �ny
<br /> at[��r�r�vi�i�n�f th i� D��� Qf�ru�t.
<br /> �u����s��r� �r�c! As�i�r�s. ������t t� �r,�r limi��ti�r�� �tat�d i� ��i� D��� �f Tr�a�t �r� tr�n���r�f�ru�t�r'� ir���r�str
<br /> �his ���� �f Tr��t sh�l! f�� �ir�ding u��r, �r�d ��t�r� t� tl�� ��n�fit �f the �ar�i��, t[��ir ��������r� an� ���i�n�. ]f
<br /> �vtirr��r�hi� �f t[�� Pr���rt�r ������� v��t�� in � �ers�n �th�r th�n Tr�s�Qrr L�r�d�r, wi�h�ut n�ti�� t� Tru�t�r, rr,�y
<br /> d��� �vi��Tr����r'�su������r�v��t�i r�f�r�r���to t1�i� ���� �f Trust�r�d th� I���fat��n��� ��r�rvay�f��rb�aran����
<br /> e��r��ian v�ritl��ut r�l����n�Trust�r#r�rr�th�vf�li��ti�r�s ��t�i� �����f 3ru�t�r Ci��ili�ur��er���lr����t�dr��ss.
<br /> T�r�����f th�F���r���. Ti m� is ��r t}������n�� in�h� ��r-��rrrti�����f�I�i� a���] ��r Tru�t�
<br /> ��iv��lu�y. �t� ��r�i�s #�this ����I ��f Ti r�tst_h�r�l�y w�iv�th� r��h��� any�ury��ial in �ny��#i�n� pr������n�. Qr
<br /> ��LI�I����I�C177�7C�[]��7�I�1��C1�f������[f1S#�[�����#�?����.
<br /> V��i��r �f H�m����ad Ex�mp�i�n. 7'r�s�k�r Fr�r��� r�l�a��e� �r�� w�iv�s ��I ri�f�t� �n� �er,�fi�� �f th� h�m�st�ad
<br /> ���rn p�i�n l��rtirS�f t������t� ��f�[ebra��C��s t��Il [r�d����dn���s���r��l l�}r�[�is ���� �f Tr�a��.
<br /> ��F1NITi I�N�, ��r���f��w irt� ���ita li���i ��r�-� �n� t�rrrt$ s h�l l hav�tl�� ��I I��r ir�� rrr�ar�in�s v�r}��n us�� i n �his ���� ��
<br /> Trust. �in I�s� �pe�i�i�al l�r s��t�� t� th� ��r���ar�, al� ��f�r�n��� t� ���I�r arr���nt� �h��I m��n ����r�ts �r��[�wf�I rr��r��y
<br /> �f tl�� l.]r�r��d �t�te� �fi �Arr��ri c�, ��t'.�� �n�l t�rm� us�� i r� th� sir,�ul�r �h�]I i n�l ud� �he p!�r�l r �r�d tl�� p I�ra[ �[�a[�
<br /> in�l��� th� si ng ul�rr �s th� ���r�t�xt�m�y r��ui r�. �J1l�rd� an�[ ��rm� ��t �th��v�r i�� d�f�n��i i r, �l�is a��d �f Trust s�tall
<br /> h av�tl�� m��r�i n���ttri Iar�t��]ta�s r��h�terrYt�in t�r�Ur�if�rm ��tr,m�r�i�I ����: �
<br /> ��n�f���ry. Th��v�rd�`�g�r��fi��.�r�rn m���s ��u�t�bl� ��nl�r an� �#s�������Qrs �nd �s�i�r�s: � � - � -
<br /> ��rr�rn��r. 3E�� v�r�r� "8�rr�v�r�r" rr��an� I���EF�T � F���a� �.r�� [�F�«TEN �Il R�Ea�' an� in�l��l�� �I[ ��-�i�n�rs �n�C
<br /> ��-m�I��r��i�nin�t3�� N�te a�r�d a�ll tl�ei r�u������rs a n� ��s i�n�. ,
<br /> D���i �� f'ru�-t. Tl�� �nr�r�s "a��d �� ���r�t"� m��� #h�� ����1 �� Tru�t �m�ri� Tr�tst�r f L�n��rr an� Tr��t��f �n�
<br /> �r,�l���s v�ith�ut li�ita�i�n �lE ��si�nr�t�r�t �r�c� ����rity int�r��t �r�vi�i�n� r�l��ir�� �� �he ��rs�r��E Pr���rty �n�!
<br /> R�nt�.
<br /> ��f�uit. Th��nrar� "����ul�" r-���ns�1��a��aul����f�rt}�in�€�i� ���d �f Trr��t in�h�s��tE�n�itl�d "��f�uEt".
<br /> �nvir�r�m���a� L�ws. �"h� v��r�s "Er��i r�n�ent�I ��v�r��` m��� a n� �n� �I� st�t�� f���r�1 a r�� ����1 ���tu���r
<br /> r��uC�ti�rr� �r�d�ar�i�an��� r�la�ir�� t� t[�� prQ���ti�r, �f l��tm�r� f���[th �r th� �n�ir�nm���r in�l��in� with�ut
<br /> [i mi-tati�� t�e �Qm�r�h�n�ive Er��rir�nm�r�tal R�sp�n��, ��m��ns��i�n{ �nd Li�bi�ity A�� af �9��� a� �m�n���Ir ��
<br /> U.�.�. ��cti�n ���7, �� s��. �"��1��LA"}r �i�� �u��rfurrd Am�nd m���� and R�a����ri��ti�n A�� �f 7���, Pu�. �..
<br /> N�. ��-4�� {"�AF�}�"}�tl�� H�z�r���s l�l�t�ria[s Tr�r�s����t�Qr����r 4� l�.�.�. ����i�r� 7��1, �t���., �h�R�s��r��
<br /> ��r�s�r�rati�n �nd R���ver�A��r �� 1�.�.�. ���ti�r� ����1 r �t s��.r a���h�� a�pl��a��� s���� �r f���r�l lav+r�, ruE��,
<br /> �r r���€�ti�n�������d pur�u�r��t�ier�t��
<br /> Ev�nt�f��f��[t. Th��nrar�s "Ev�r���f C��f�u�t" rri��n�r,y���h��v�nts�f��fa�[#�e��Qrth ir�t�iis ���c��f Tru�t in
<br /> �i���v�nt������au It��c�i�r��f th i� a��d ��Tr�a�t.
<br /> ��ci��ing [n�i�l����Jr����. Th,� v�r�r�� "E�R��ir�� 1 n��k�#��i��s�" rr���n th� i nd����d���� ����ri��d i�_tf�� Exi�ti t�� Li�n�
<br /> �r��isi�n a��hi� ������Tr�s�.
<br /> �uaranty. T�� rr,r�rd "���r�nty,� m ean��h� �u�ranty f r�rn �u���n��r, �n��r��r, �r�r�tyr �r�����m�d�ti�n ��rty t�
<br /> Z��d�r, i��l�d�n� �nrith�u�lirr-tita�i�n��u�r�r�t���a11 ��p�rt����n� N�t�.
<br /> Ha��r���� ��t�stanG��. Tl�� �ror�is "H�z�r���r� �����anc���" rne�n r�a��ri�l� t�i�t, i���au�� ��r �h�ir quantEtyf
<br /> can�er�tr�ti��t ��' p�y�i���, ���r�ica� �r in���ti�u� �h�r��t�risti��f may c�r��� �r ���� a pre�ent �r ��t�r�ti�[ h�z���
<br /> t� h�m�n hea[th ar#1�� �r��ir�nm�nt v�hen �mpr���rly u�ed� tr��t�dr s��r��f� �fis����d ��r �en�r����r manu�actur��,
<br /> �ra�r�s�ar��� �r�th�rwi�� h�ndl�d. T�� �r�r�� "H��ar�ar�� ��bst�n���" are u��d i� th�ir very f�r�����t��r��� an�
<br /> in��u�i� v�rithout ]irt�it�t3�r� �ny �n� al� h���r���s ar t�xi� �uf�st�r���sr m�t��ial� ar v+r�st� �� �€��ined b� �r �ist��f
<br /> u r�d�r the E��ir�nrr��nt�I �av�rs. T�t�t�rr� "�-€���r��us �ub��t�n���" �[5� i ncl ude�, v�ritF��ut[i r�it�ti anr ��tr�l��rn �n�
<br /> ���r�l�u� E�y-�r�du�ts�r�n�fr��ti�n�h�r���artd a�b�����.
<br /> [mpr�v�r�'��r�ts. The ,nr�r� "Impr�v�mer��s" rrt�ar�s �1[ �i�tin� ar��l f�,�r�r� irrrpr�v�m�r�t�r �k.11��il l��1 ��ru��ur��,
<br /> m��il� h�m�� affi�€ed �r���f�� F���l Pr��ert�rr ���ili�i��, addi�ior�sr r��l���rr��nt� ar��[ �tF��r ��n��ru���ar� �n ��� Fi��[
<br /> �'r���r�.
<br /> [rt���t������_ Th� �nror�l "ln�let�t��ir����" rt���n� all prin�ip�l, i���r�str �r�€� �tl��r �ma�ntsr ����� �nd e�c��ns�s
<br /> p�yabl� urtd�r �I�� �I�t� �r i��la�ed ���urri�n�s, t���th��r ;rvitl� all r�n�wals af� ��€-ten�i�r�s ��� rr���i�i��ti�r�� �ff
<br /> ��n��l i���i an� ��and �ut�s�i��t�i��s f�r th� N��� �r Re�ated ���u��r�ts �r�d ��y am��n�s ��p�n�i�d �r adv�r��ed ��
<br /> Z�r��l�r t� �i����r�� �i r��t�r's �bl i��ti��� ar e�cp�n��� in��,rr�� by ���st�� �r L�r�d�r t� en��r�� Tru���r`�
<br /> �L�I i�ati�ns �nd�r tf�is a��� ��T��st f �����h�r witf� int�r��t �r� su�h �m�unt� �s �r��i ded in �E�i� ��e� �� Tru�t.
<br /> �p��ifi�a[]�r u��th��� 1ir�ita�i�nr Cr�d��t��r���� i�c[u�d�s #h� f��ure ��v�r���s ��t ��rt�i i n th� F�t�r� Ac�va n�e�
<br /> �r��is i�n, ��g�t�t�r �ith� �f� in��r��t th�reor� �r�d �l� �m��ar��� th�t m�y h� ind ire�tly s��ur�� by tl�e
<br /> �r���-��ll����-�f izatio��ravE�i�� ��th�s �����f Tr���.
<br /> ��n�er. TI��v,�r��-d "L�n��r" m��n� Eq�it�bl� ��r�l�, �t��u����s�r� �n� �s�i�n�.
<br /> N�#�. T��v,r�rd "f����" m ean��tC�e ���r�i�s�ry n�t���t��! M�r�I� ��r ����� I� t�� �ri�i n�l �t��n�i p�I �mau n�
<br /> �f �'i�'�i���.�� frat�-t �rra�t�r t� Len�er, t�g�th�r vvitl� ��] r�n�v+r�ls �f, �x��n�ian� ��r ma�li�E��ti�r,s ��,
<br /> r�f�r��r��i r�g� ��, ��n��f�r��tia ns �#r �r��suf���itu�i�n�f4�th� p r�m is��ry nat��r�����mer�t.
<br /> P�rs�na� �r�perty. T�� �nr�r�[s "��rs�n�[ Prap�rty" Er,��r� �I� ��t�i�m�r,t� f��t�ar��, �n� ��h�r �rti�l�� of ��rs���!
<br /> �r���r�ty r���nr �r h�r�a�rt�r ovxrn�� f�y Tru�t�rF �n�] n��nr ��- h�r���ter att��h�d �r ��fi�c�d t� t[�� R��9 Pr���r�ri
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