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201506124
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7/21/2017 8:07:44 AM
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9/8/2015 9:39:59 AM
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, ��1 5�61 �4 <br /> �F�� �� ����� <br /> La�n i��r �������'�� ���n#[����} ���� � <br /> ir��uran�� ��li�y �I�� sha[I in�l��e �n�n�i�r��ment p���idin�th�#��v�r��� ic� f���r �€ L�nder vtir�l[ nQ��Q im�airatl <br /> ir��ny w�� �y any a�tr �rnissi�n �r d���ul�.��Trust���r�r�y�t�►�r p�r��r�. �h�uld th� �eal �r�p�rt��� f������ ir� <br /> an �r��c���i�n���d k�y fil��A�mini�tr�t�r �f�h� F�d�r�l Em�r��n�y ��na��m�nt A��n�y as a �p��i�l �F����i h��ard <br /> �r��r Tru�t�r a�r��� t� ��t�in an� r��in��in F���r�l FI��� I�sur�r��� if ���il��l�� far th� r���im�m ��n�unt �� <br /> � Trustar`s cr�di�lir���n��I�� full ur�p�id �rin�ip�f b�l�n���f�n� pri�r li�n� �n rth� �r�p�rt�s��urir�� the l�anr �p�� <br /> �1��ma�im�m p�li��limi�s s�t�n��r�I��N�ti���C Fla�d [n�ur�r��� �r�gr�m, �r�� �tf��r�nri��r���ir�d by L�nd�rr an� <br /> �Q m�int�ir� �uc�insur�r���f��r th�t�rm�fi th� I�an. <br /> �►�p[icati�r� �f pr����d�. �r��fiar sF�ail �ar�mptl� n��if�r �.�n��r�f any i�s� �r������t� �he�r���rty. L�r��l�r rn�y <br /> mal�� pr�a� of I��s if Tr�st�r f�il� �� d� s� �rvi�hir� �F����r, {��� days af tf�� �a�U�Ity. 1�I�h�th�r �r n�t L�r�d�r's <br /> s���ari�y i�im��ir��, L�r�d�r m�y, �t L�nd�r'��l���i�n, r���i�� an� r��air�tE�� pr������ �f�r�y i��ur�r��� �r��[ ��p1Y <br /> th� pr����d�t� th� r���a�ti�n Qf th� Iri�le��d���s� p�vrr,�nt af �ny li�� �ff��tin� the �r�p�rty, �� th� r�s�aratE�n <br /> �n� r�p�ir��th� Pr���rty. [f L�r�d�r�I���s t� ap�ly th� pra���d��� r���aratian and r�p�irf Trust��s�ta[� re��ir �r <br /> r�p���� th� dama�e� �r ��str���� Crnprov�me�t� in a mann��- satis�a�tor�r to te���r. L�n��r �h�[], u��n <br /> s ati�f��tQr�r p r��# �� su�h ����ndit�are, p��+ Q� r�i m�r�r�� �`�rust��r from �h� �r������ fi�r tf�� r��s�r���1� ���� �� <br /> re��ir �r r����rati�n if Trust�r i� �,�t in d��Fat�lt und�r tl�i� D���f �f Tr��t. Ar,y �fa�e��� v�hi�h E�av� n�t b��n <br /> �is��ar��c� �vi�h�r� "l�� ��y� a�t�r th�ir r���'rpt �n� �nrhi�h ��n��r ha� n�� ��mmi��� �� th� r���ir �r r����r�ti�n �� <br /> tl�� Pr�p�rt��ha�l �� �a���i�i�st t� p�y ar�y�m�ur�# ���r�g�� L�r��l�r ur�d�r t�i� D��� �f Tr�stl then t� p�y a��ru�� <br /> int�r�str �n� th� r�m�iri��r, i� �rt�, �F��I� �� applied t�th� prin�i�.�l ����r��� �f�h� �nd��t��]n�s�. lf L�nd�r h�l�]s <br /> �ny pr�����s �f��r ��ym�nt in f��l �f th� Ir���f�t��n��sr su�i� �r�c���s �f��lE �� ����i t� Tru�t�r a� Trust�r'� <br /> ir�t�r�s�s ma�r��p�ar. <br /> G�mplia�G� w�th Exi�tin� I ndebt�dn��s. D uri n� th� ���i��i i r� w hi�h �r�y ��i��in� I nd�b��d��ss t{���ri[��� ]��I�w i� <br /> in �fif��t, ��m�fian�e v�rith th� in��ran�� pra�i�i��� cor�t�ir��d ir� tl�� ir��trum�nt e�ri�er��ir�� ��a�h E�ci�tin� <br /> I nd�����r���s s��I1 c�r,stit�t� ��mp lian�� wit[� the in�ur�nce �r��r�s i�n� �n��r #his �e�d �f Tru�t� �o �I�� �xt�r�t <br /> ��rrypliar��� with th�t�rm� ��thi� C����I �#Tru�t vtirot�l�i ��r��tit�t� � d��li��t��r� �f insuran�� r�q�air�rn�nt. i��ny <br /> pr����ds frQm�h�ir�su rar��� ��c�m� p�y�ble �n [��s r th� pr�vis i�ns i n th i� ��ed�f T�u�t��r di�isic�r��f p������� <br /> �F��I��p�1y�nly t��hat p�rti�r��f th� pr�����ls n�t�ay�k�l�t���r�hald�r a��h�Exastin�]n��l��edn��s. <br /> LEN�F�#'� �PE�11�1TUF�ES. I� i r�st�r #�ils �A} �� [���� tl�� �r��ert�+ fr�� a� all t����r [i�nsr �ecuri�y int�r���sr <br /> �n��r�k�r�n��sr �n� �tF��r �l�irrti�f �B) �� �ra�id� an� �equir�� in��r�n�� �n th� �rflp�r-tyr, ��} �� rn�k� r��air�t� th� <br /> �r�p�r�y �r�� ��rn�I� �r irth �ny �bl i��Ci�n �a m a intain E�€i�t�n� I r�deated r���s i n ����] sta nd�ng �� r����r�c� f��l��rv, th�n <br /> L�n�er ma�r �� ��. �� ��Y ��ti�r� �� �r�����ir�� i� ��m�m�n��� th�� vtir��ld m�te�i�lfy �f���t L�r�d�r'� i�tt�r���� in th� <br /> �r��ertyl then L�n��� �n Tr��t�r'� beh�I�F r��yr �u� i� r��t r��uir�� ta, t�[�� any a�ti�n �h�� L�r���r I�eli�ves ta l�e <br /> app��pri�t� �� �ra#��# Ler�d�rr� Ent����ts. �►II ��cp�r�s�s in��rr�� �r paid �y L�r���r fi�r �uch pe�r����s vvi�l tF��n k���r <br /> in��r��t �t th� rat� ch�r��d unal�r th� �r�di� Agr��rrti�nt fr��-r, t�ie ��t� i�curr�d �r p�=� by L�n��r to �h� ��#� �� <br /> r�p�ym�nt k�}+Tr�s��r. All su�h �xp�n��� v�ril� b���m�� p�rt�f tF�� Ir���f�t��[nes� ar�cl, �t L�r�d�r's�ptiar�� v�ril� {A� t�e <br /> p�y��1� �n d�r,�ian�fi f B} b� a�d��to th� b�lan�� �#th� �r��li�Agr�err��nt and �� app�rtifln��! �man� an� be �a�rabl� <br /> �rith ar��r in�tal[m�r�t�a�ym�n����E��c�rrti�d���urin��itl��r {17 the t�rm�f�ny��pli��l�[�in�u�an���a[icy� or {�} tf�� <br /> r�mair�ir�� t�rm ��the�r��lit Agr����n�t; �r {�} ���r����� �s� �.�II��n �ayrn�nt which vwrill be��e �r�d �ayak�l� �t th� <br /> �r�dC���r��m�r�t'�r��t�arity. 7'h� ����1��T�u�t�I��,v�ril[���ur�pay�e n#o�the���rn vun��. Th�ri���s�r��ri�e���r i r� <br /> thi� para�r��h �h�ll �� ir, �ddi�i�n �a any �ther ri�ht� or �ny rem�d€e� t� �r+�l���l� L�n��r r��� k�� �r�titl��l �r� ���o+�n� �f <br /> �ny d�faUlt. Any �u�h a��i�n �y l�r��f�r �i��ll n�t be �an�tru��# a� ��rin� �h� ��f�u�t s� �s t� f�ar L�r���r #r�m an� <br /> r�m��}r th��it��tl��rw i��v�r�u I��av��a d. <br /> 1llf}�F�RA NTY; D�FEI��E�F�ITLE. Th��a Il��rvir,g p r��isi��s r�l at�r�g t���rv n�r�hi��f�h� f�rap�rty�re �p�rt af th i�a��d <br /> �f Tr�s�: <br /> Ti�l�. Tru�t�r tnr�rran��rtf�art: ��) Trust�r h�l+�� ���d and �ark�t�al�t��l� ��r���rd t� th� PrQ��r�r in f�� ��rr��l�, <br /> fr�� �n� �I��r�f all lien� �r�d �r��urnbr����s �th�r�han ����� ��� f�rth in �I�� F���] Pr�p�rty����ri�tian �r in th� <br /> E�i�tin� ln�����dn�s�s��ti�n bel�v�r �r i�any ti�l�ir�surar�c� ��[ic�r�titl�r���rtr�r fin�l ti�i� �pini�n i��u�d ir�#�var <br /> �ff �n� ����pt�d �yr �en�ler ir� ��nn���iar�v��th�h[s ���cl o�Tru��, �n�€ {l�} Trust�r ha�th� fu�l ri�htr ����J��r �r�� <br /> ���h�ri�y�o e���ut��r�d d�l i�r�r�[�is a���]��Trust t�L$nd�r. <br /> a�f�ri�� �f Titi�. �u�j��t t� tl�� �x���tior� i� th� �ara�r�ph a��v�f T�����r v�r�r�-�n�5 �r�� ��ril� f�rev�r ��f�n� Ch� <br /> titl�t�th� Pr���rty���i r,st t[�� Ea�nr�ul �I a i ms of a I€ �ers�n�. Iri�I���v�r�t�rry���i an �r pr����di n� i���mm�nC�d <br /> #h�t�u�stt��rs T��s�ar's titt�ar th� int�r�s��f Truste� ar ��n��r�n��r thi� �����f Tru���Tr��t�r�f�ail d�fend th� <br /> ��rti�r� ���'ru�t�r's e�€p�ns�a Tru�t�r may b�th� nQmin�] ��rt� in su�F� �r�����i��, b�t L�nde�r shall ���ntitl�d t� <br /> p�r�i�i�at� in ih� pr����d�ng �n� �� �� r��r���r��ed ir� th� pr����din� �y ��un��i �f L�nd�r'� ��nrr, �h�i��r and <br /> Tru�t�r wil[d�[iverr �r���as�t� b���[i�r�redr�o L�n��r su�h in�tr�rrt�r��s a� L�r�d�r ma►�r�qu�st fr�r�tirn�t�#irri� <br /> t� p�rrni��u�h p�rtici�ati�n. <br /> �ampli�n�� VVith� �av�rs. Tru���r vtir�rr�nt� th�t �h� Pr�per��r �n� Tr�star's u�s� af th� Pr��ert�r �ampli�s witl� al[ <br /> ��i�ti ng ap��ic��I��a�rvs,�r�ina r�c�s r and reg ul a�i�ns�f��v�rntr�en���auth�r�ti�s. <br /> �urv�w�l �# �r�mises. A[I �ra�is��, �gr��m�r�CSr an� �rt�t�m�n�� Yfu�tr�r f��� r��d� irt �hi� ���d �f Tr��# shall <br /> s�nrsv� th� �x���fiian ar�d ��[i�ery af this I���� ��Yrust� �ha11 ����rrti�uin� in n�t�ar��r+�i �h��l r�m�ir� ir��ull f�r��. <br /> �n�e���t unti[sUch ti���s Tr�st�r'S lnd��t�d r,�ss is p�id i n f�I]. <br /> E3�ISTIN�I N aE�TE��VE��. Th�f�flaw in+�pr�vi�i�r��c�n��rnin� E�i�ti n�In�l�bt�d r�e�s�r���art�f thi� ������Tr��t: <br /> E�ci�#irt� L��n. The li�n o� th�� a���€ a� Trr��� s���r€ng �h� �n�ebt�dr���s rr��� b� ����n��ry �nd in�F�ri�r �� �r� <br /> ��is�sn� I i�ri. Trust�r��pt�s�ly c���na�ts�r�� ��r��s t� ���rr ��S�R t[?tll� p�ym��t a�f th� E�cis��n� I n���X��ne�� <br /> �r��to pr�v�n�a r�y d��E�ult�r�su�l�Fnd e�ted n�s�, any d��a�Et ur��t�r t�t�i r�strum en�t� �vid�n�ing�u�}� in�#eb��dn�s�r <br /> or any d�f��Et ur�d�r�ny��curity d��um�nts f��su�l� it��f�t����n���. <br /> N❑ Il��dif���ti�r�. Trr��t�r s h���I n�t �r�t�� ir�t� �r�y �g r��m�n� �rith t�e h�Id�r af �ny rr��rt����r ���� �f �ru�fi, ar <br /> vthe� ����ri�y agr��me�t� �r�hich ha� pri�rEt�r �ver fihis ���� �� Tru�� �a� vtirhEGh �ha� agr��rn��tt is madi�iedr <br /> am�nd�s�, ��t�t�d��r �r r�n�w�� w�th�ut t�r� pr[�€ v�ritt�n ��ns�n�k �f Len�ler. Tr�st�f �h�]I n�i�h�r r�qu�s�t n�r <br /> �����t�ny f�tur��dv�n��s ur��l�r�ny�uch�ecur�t�r a�r��rr��nt v�ritf�a��tl���rior u�rr�tt�n con��r���f L�r��l�r. <br /> ��I�aEMI�ATl��3. T��f�ll��r+�in��r��i�ian� r�l�t�r��t���r�d�mn�ti�n�r�r:��rlin�s�re� ��r��f rt]-►i� ���d a�Tru�t: <br /> PrQc��[�ir�gs. lf �ny �rc��:���1 i r�g ir� ��r���mrt��i�n i� fi led� Yru�ta� sh�I� pr�rn�a�ly n���fy Lender in uti�riti r�g, �r��1 <br /> Trust�r sh�ll }�rarn�tly��I�� ���I� ����� as rrtay be �1�G�5��1'y t� ����n� ��� a�tior� and ����ir� th� ��r�r�r�� Tr��tar <br /> ET��y��'C�"1��1�f�'lll��l���in�u�:ft���C��dit��, l�ut L�n��r�f�all�e�n�itl�d t� ��rti�i�at�in�h�pr����ding�r�t�t� �� <br /> r��ar�s��t�� in th� ��a��edir�g �y ���r�sel a� its �v�r� �h����, �n�I Tr��t�r wi�l d�liv�� �� ���s� t� �� ��li��red t� <br /> Lender ��ch� in��r�m�nts a�r� ��cu rr��rrtati�rr �� r��y b� r�que���d by L�rr��r fr�m tirn� �� ti m� �to ��rrrt��t s�c h <br /> ��r�i�ip��i�r�. <br /> Ap�iiGati�n��h[�t Pr������_ If al��r�r�y p���f th� Pr���rt� i� cand��r��� b��mir��n����ain pracee�ir��� or t�y <br /> , �n��r�����i r��ar�u��h��� [n li��af�and�rn n�ti�r�, L�r�d�r m ay��i���lectian r��ui�e that�11 Qr�r�y��rki�r�of�he <br /> n�t pr����d� �f�he awarc� �e ���li�d �� th� [r������dn�s� r�r i��� r���ir �r r����r��i�n �f �he �rop�r�. �h� n�t <br /> �r������ �f�n� av�rard �ha II rn�a n th�av+f�r� �f�e r p��rm��t�f�I� r�a�an��l� ��sfi�r ����r���s� a rrd �tt�rn�yst fe�� <br /> �n��rr�b�Tru�t�e o�L�n��r in��r�n�ctiar�v�ritf�tf���andemn�ti�r�, <br /> Il1�P�SITI�N �F TA�E�, FEE� AND �HAF��ES �Y ��1fE�I�1MENTAL AU`i'H��►IT[E�. Th� ��Il�v►fir�g �rQvi�i�n� relatir�� <br /> t��a�rernm�nt�]�a��sr f��s ar�c1�h�r���ar�a p�r��fi��is���d�f Tru�t: <br />
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