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Last modified
7/23/2017 9:43:49 AM
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2/12/2016 11:27:10 AM
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, � � �� 2� 1 ���872 <br /> �E�� �F TF���T <br /> L��r� N�: ��������"� ���t�������} P��� � <br /> f�rr�isl� t� ����i�r a�v�r��� �ss�r�n��� ���i��a�t�ry t� ��n��r �h�t Tr�st�r ��r� ���1 v�ri�� �a�r th� ���t �f su�h <br /> impr�v�m�n��. <br /> PR�P�R7� ��4MA�F 1 N�U R�4[��E. Th���I[�v�ri n� pr�vi�i�r�� reEati r��t� i n�urin�th� Pr���rty ar� � ��rt�f t�is a���1 �f <br /> ���st. <br /> Nl�in��n�n�� �f [r��rar�r���. Tru�t�r �[��I� pr���tr� �r�r� rn�i r�t�i� ��Ic�i�s af fi r� i ns uran�� v�ith �t�r���r�i ��#�r���d <br /> ��ver�g� �n�ar��m�n�� �n � r�pl���rr��r�t l��s i� f�r tl�� fuE] i��ur�f�f� va��a� ��v�ri r,g �!I I m�r��r�m�r�t� an th� F��al <br /> Pr���rt�r in �� am�ur�t �uffi�i�nt -t� �v�i�i ap�1 i��taQn �� �r��r ��in�ura r�c� �l a us�r �r�d v�ri�h � �t�n�ar� m�r������ <br /> �l�u�� in�a�r�r��L�n�i�rr t���t��r rnri�� su�h�t�i�r ha�ar� and Eiabi[ity in��r�n���s ��n��r m�y r�����ab[y���uir�. <br /> PQ1i�i�� �f��f I ��vtir ritt�n in ��rm, a m�unt�� ����r���s �r�d ��si� r�as�n��ly a���pt���� t� L�rt+��r �n� i�su�cl �� � <br /> ��rn��ny �r ��rn�ani�� r��s�r���ly �c���t��l� t� �����r, �ru���r, ���n r��u�s�r ��r L�nd�rr v�ri[! ��liver -t� L�n��r <br /> �r�m �im����t�rn� t�� p�fi�i�� �r��rtifi��t�� �f in��r�n�� �n��rrr� ��tis���t�r��� L�n��rr in�f��in� �tip�[��i�r�s tE��t <br /> �av�r�g�� �r�ril� n�t 1�� ��n��ll�r� �r t{irrti�r�i�F��� �nritl��ut �t I��st-t�n {1�} �l�y� �ri�r vv�itk�r� r�ati�� �� L�nd�r. E��E� <br /> ir���r�n�� ��li�y �I�� s�i�l l i�r�Iud� a n �r�d�r����nt pr�vi�ir�����t ���r�r��� i r, f�v�r�f L�n��r v�i I� ��t �� im��ir�d <br /> ir, any vwray f�y any a�t, �mi��i�r� �r d�f����t�f�i r��t�r ar �n��th�r p�r��n, ��r����[�Fie F���] Pr���r�r b� ]��ated i� <br /> �r� �r�� +�����r��'��� �y th� ��r��t�r a�tl�� �r���ra[ Em����r��� 1�11ar��g���n��g�r��y �� � s�e�i�] fl��� h�z�rd �r��, <br /> Tr�st�r a�r����� �l���in �n� rt��ir�t�it� F��f�r�l Ff��d Ir�s��an��r if a��il��l�r ��r�h� m��irnu� �ma�rr,�af S�rr�v��r's <br /> �r�t{it iir�� �r�d �h� fu�l unp�it� pri��i��l ����n�� �f �r�� �ri�r li�ns an th� �r�p�rty ����rin� th� I��ri, �� t� th� <br /> ma��mum p�l���r [�mi�k� ����ar�d�r th� f��ti�n�� FE��t� [n��ar���� pr��r�r,�� �r�s�th�rvwris� r�qr�ir�� ��r L����rr ��� t� <br /> ��ir�t��r��u�h in�uran����r ff��t��rn��tF��I��r�. <br /> A���i���i�n �f Fr������. �"r��t�r$�i�l f �r���t�� r���i� L�n��r �f�ny 1��� Qr�i�rrti�����tl�� Pr�p�rt�r. ��n��r r��y <br /> maE�� pr��f �# ]��s if Tru�t�r f�i I� t� �� �� v�rithi n fii`���r� ��,�} �ays �f �h� �a�ualty. I��r��h�r �r �a� ��r��i�r's <br /> ��cu rity i� irn�ai r��r L.�ncl�r ��yr �t L�r�d�r'� �l��ti an r ����i�� an� r�tai n tl�� ���c���� ��any ins�ra n�� �ncl �p�[Y <br /> t�t� pr�����s t��h� r�du��ti�n �f th� Ir�d�[�t��ln���r ��ym��� �f �ny li�r� �f���tir�� #h� Pr����yr Qr �f�� r�st�r�ti�n <br /> �ri� r���i r �f th� Pr���rty. �'� L�n�er�[��t� t� ���ly th� �r����d� t� r����r�ti�rt �r�d r��air, Trust�r�haEl r��ai r �r <br /> r��l��� �t�e �am���� �r �f�stray�� �rrtp��v�m�r��s in � rn�r�r��r �a�i������ry t� L.�r�d��. L�r��1�r sh�ll� u�an <br /> s�tisf��t�r� pr��f �f ���1� �x��n�€itur�� �ay �r r�i m�ur�� Tr��t�� �rQm �h� �r����d� f�r th� r�a��na�l� ���t Qf <br /> r��ai r �r r�stQ���i�r� if �r����r is n�t in ��f���t �r���r �f�is a���i �f Tr�st. An�r pr����d� �v f�i�I� F,��r� ��t ���n <br /> C�Z��l..�1'S�� �l1�Fllf1 1�� day� a��r�h�ir r�c�ipt �n� v�rhi�f� L����r ��� n�t ��r�rr��tt�d t� th� r��ai� �r r����rati�n �f <br /> �h� �r���rty�f��f! �� u��d �ir�t t� pay�ny�m�un#�wir�g �� L�n��r ur�d�r�tl�i� ���d ��Tru��r t[��n ta �ay���ru�d <br /> �r���r�st� and t[�� r�m�ir���r, i� �r�yF s��[] b� app IE�d t� th� pri n�i��l ]��I�r��� af t[�� 1 nd����dn���. I� L�nr��r ��Ids <br /> ��ty pr����a�� ��k�r ��ym�r�t in fufl �f th� Cr����t�+�n��� su�h p�����d� �ha[I �� p�i� �� Tr��t�r �� Trust�r's <br /> int�r���� r��Y�P P��r. <br /> ��rt��3i�n�� �rith E�i��in� lnd��t��in���. a uri n� th� ��ri�c� i r� �r�ii�f� a r�� E�ci�ting [n�e�a��c�r��s� ����ri��d ��I�v� is <br /> in �ff��#, �����iar�G� with -th� i ns ur�n�� �rr��ri�i��� ��r�t�in�€i i n th� i r���rurr��r�t �vi��n�ing su�h F�ci��i n� <br /> ]��l��t��n�ss �h�ll �Q�nsti���� c�rr�pli�n�� wit� tF�� in��r�n�� �r�vi�i�r�� �nd�r th�� L���� a� Ti ru�t� t� th� ��ct�nt <br /> ��mpli�n�� wi�E� tl�� t�rm� a�F�h�� D��� �f Tru�t v+��uE� ��nsti-t�t� � d�pli���ki�r� �f ir�suran�� r�quir�m�nt, I� �r�y <br /> �r����d� fr�m t�� i n��r�n�� ��c�m� ��y�bl� �n [o�s r t}�� ����is io r�� i r,thi� I���d �f Trt�st��r�ivi�i�� ����a�e��� <br /> �h��l �J�pC��r�l���tl�a����i�n�f tl�� pr�����is n������bl�t�tF�� ��l��r���i�� F�isti�� lnd����d��s�. <br /> LEN���'� ��EN�1TLlRF�. !� Tr���Qr ��il� �A} ta [���p t1n� Pr�p�r�y fr�� �f �1[ ta�c��r �i���� ���urity i r�t�r���sr <br /> �r��umbr�n��s, anc! Qthe� cl�irrti�� ��� t� �r��id� ar�� r��uir�d ir�s�rrar��� �n th� �r�p�r�y� {�} t� m�k� r�p�irs �� the <br /> �'r���rt� �r �o ���p�y vv�th �ny ��!i��tia r� �� m�r�tai� E�€i�ti n� Ir���bt��[r��s� ir� g��� st�r�din� �� r���i��� ��1��, tl��n <br /> ��r���r rnay �� ��. lf �r�� ��ti�n ar �r�����ing i� ��rr�rr��r���d th�t vv���d m�t��i�l[y ����t L�n��r'� int�r���s ir� th� <br /> �r���rtyr �h�r� L�r�d�r �n Tru���r'� ��I��1� rnayr �ut i� n�t r���ir��f ��, t�f�� �ny a�ti�n tF��t L�n��r l���i��res t� b� <br /> ���r��ariat� �� pr�te�t L�n��r'� ir��t�r�s�s. All ��cp�r���� i��urr�d �r paid ��r L�nd�r f�r �u��r pur����s v�ri[� then ���r <br /> �nt�r��� �t �kl�� r�t� �f��r��� r�r�d�� th� �r��lit ��r��m��t -Frarr� th� ��t� ir��urr�d �f p�id �� L�nd�� �� t�� �i�te af <br /> r���ym�r�t f�y Tru�t�r, �]I �u�l� ����n��� wil[ b���m� a ��r�k��F tl�� I���bt�dn��s an�r �� L�r���rr� ��ti�nr �rill {�} �e <br /> paya�f� �n �l�rn�r,d; ��� �� ����� #� �h� ��l�r��� ��r t�i� �r��it�����rn�n� �r�d b� ap��rti�n�d am��r� �nt� �� �ay��f� <br /> v�ritl� a�y ir��t�lfm�nt��y��n���� ����m� �lu�du��ir�� �i�h�r ��} th���rm a�F any��pli���[e in�u��r��� ��li�yr �r ��� �h� <br /> r�m�inin� �err� ��tl�� �r�dit A�r��m�nt� �r ��} }��tr��t�� a� a k��ll��n }�����r�t whi�h v�ill f����� �n� ���2��1� �t th� <br /> �r��at A�r��rn�n�'s maturi�y, Tl�� a��d �f T��st�l�v�ilC���ur� �ayrrt�r�t�f-th����m��n�s. Th� rights �rav���� fQr in <br /> th i� �aragra�h �h�l[ b� in ���f iti�n t� a r�� ��F��r ri�l�'�� �r a r�y r�m�di�s ta wF���1� L�n��r rn�� �� �ntit[�� �r� a����unt ��F <br /> �ny ��f�ult. Any �u�h ��ti�n �y L�r��er shali n�t �� ��ns�ru�� �� �urin� th� �[�f��[� �� as t� �ar L�n��r �r�m �r�y <br /> r�rr���y tF�a�i���Fr�rv�ri��vv�u]� h�v� �a�, <br /> V1l�Rl�AN�Y� ��FEN���F T[7�.�. Th���ll�wir�� pr�vi���n�r�latirig�� �vtirr�ershi����h� �r���r�y�r�� part��tl�i� ���r� <br /> o#Tr�st: <br /> T�t��, Tr�a���r w�rr�n�s ti�a�: ��� Trust�r h�ld� ���d an� rr��rk�t��i� ti�l� ��F r���r� t� tf�� Pr���rt�r ir� f�� �im�l�r <br /> fr�� �nd �[��r �f a1C IE�r�� an� ��tc�mbr�nc�s atl�er �i��rr th��� s��f�r�h in th� F���] �r�p�rty ��script�o� �r ir� th� <br /> E�cistin� Ir�d�f�t��n���s���i�an b�law �r ir� �r�y ti��� insUran�e��[���r �itl� r���r�F �r fin�l tE�l���in��n i���t�� in�avar <br /> �fr ��� �����#�d �yr L�r�d�r in ��n������n wEth t�t�s �eed a�r�r���f �n� �}�� Tru�t�r ha� �[�� �r�l� rig�tt� �ower� �n� <br /> �r�th�rity t� ����ut� an�I��l iv�r tf�is a���l�f T�us�t� L�nder. <br /> ���er,�� �f Ti itf�. �u�����k t� �h� ��c��ti�n i n th� ��r��r�ph ab��r�, Tr��t�r vv�rr�r�ts �n� will ��r�v�r �e��r�� th� <br /> titl� t�th� Pr�per€�r�g�ir��t th�� [a�r+��ul claim� �f alf ��rs�n�. l�the �v�r��a�n� ��tian �r �r����din� is ��mrn�n��� <br /> �hat que�ti�r��Tr�st�r'��i�l��r th� ir�t�r�����Tr������r L�r���r�tr�d�r thi� a��d �f Trust�Trust�r�ha[I �f���r�d �F�� <br /> a��ti�n at Tr�s��r's �a���n��. Tr��t�r rr�ay ��tl�� ��mina[ p�rt� �n ��,�f� �r���edin�, k��r� L�n��r �I��fl f�� �ntitl��] �� <br /> p�rti�i���� ir� th� p������ing �r�� t� �� r��r�s�n��d �n tl�� �r����din� �y �a�n��! �f ��n��r'� �wn �hai��, �r�d <br /> Tru�t�f�nrill �i�[i��rr �r c�u��t� k����liv�r�dr t� L�r���r��r�h in�fr�ments �� L���]�r m�� requesfi�r�m �irn�����m� <br /> �a per�ni�suC�i �arti�i���k��r�. <br /> ��r��liar��� I�I�i#� Law�. Trust�r v�r�rr�nts �[��t �h� �r���r�r �r�� Tr��t�f's �s� �f th� Pr�perty �����i�� with �I! <br /> ��ci���n� �ppEi��f�l�1�v�r�F�r��n�r����� ��d r��ul ati�n��f�overnrrt�r�t���uth�riti�. <br /> ��rviv�� �� �r��i��s. AI� ����is�sr ��r��m�nt�r �r�d �t�t�m�r�t� Yru�t�r l�a� m��� in th�� ���� �f Trust �F��l� <br /> surviv��h� �����tt[�r� �n� c��l���ry�f tl�is a��� �f Tr�s�r �h��I �e �anti�ui n� in na�tu r� �t�d �h�II r�m�irr i n�ul[f���� <br /> and �ff��t unt�i s��h time�� ��rr�v�r�r'� [n�i�btedr���s is p�id i�f�r[f, <br /> ���T[�� 1N�E��Ea1���S. Tf��f�C1�wi�� provisi��� ��n��rrtir�� ��i�ting �r��f�bt��r��ss �r�a part�f tf�is ���� ��Tr�st: <br /> E�€i��E�n� Lien. TI�� !i�n �f �hEs D���{ �� �rr��t ����r�ng the ]r���bt��n��s m�y �� ��c�r�d�ry an� i n��ria r t� a r� <br /> e�isfiir�� ]i�n. Tr��tar��pr��sly��ven���� �nd a�r���t� ��y� �r s���o fi�ie ��ym�nt�f, ��� Existi�� �t�tl��t��n�s� <br /> �n�f t� �r�v�nt any�1����[t�r� s��h En���t��r�e��, an��i�fauEt ur��ter'tf��i ns�r�m�nt� �vi�l�n��n�su�h i n�����d r���sr <br /> �r any�i��f�ult un��r�ny securit�d���m�nt�f��-�U�1�ir��i�bt�dn���_ <br /> 11�a Ma�1���ati�r�. Trust�r s��[] n�t en��r int� �r�y a�r��m�r�� �r�#h t�� I��ld�r �� �ny mart�a��f ���� ��tr���, ar <br /> �tf��r s��Urity ��r��rr��nt w�i�E� ha� �ri�rtty �v�r thi� ���ti �� Trr��� by whi�h tl��t ��r��ment is r���fifi��r <br /> �rn�r��f��, �xt�nd�d, �r r�r��vxr�d �rvit]��r�t th� �r��r v���tt�n ��n��nt af L�r���r. Trust�r �[��I� ��i�t��r r������ nor <br /> �����t��y f��ur�����n��s un�f�r�ny su��s��u�ity��r����n�v�rit��ut tf�� �ri�r wri��n���s�r�t�f L�r��l�r. <br /> ��NaE11�I�VATI�N. Th���IE�wing pr�vi�i�t�s r�l�tin��� co��ernr��ti�r� �r�����lir��s�r� � ���t�f thi� a�����Tr���: <br /> l�r����c�ir���. If �n� pr�����lir�� ir, ��r���rnn��ia� is f�l��� Trust�r �h�l! pr�rr��tlj� na#i�y L�n��r ir� v�rritir��, �n�{ <br />
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