Laserfiche WebLink
2� 1 �� 198� <br /> �EEC� �F TI���T <br /> ���r�t�r�u��I� ���� � <br /> �r����dir�g, ��If-��I�, r��p�s�ssi�r� �r ar��r �th�r rnet��d, ��r �r�� �r��li��r Qf ���rQv�r�r �� T�u�t�r �r �y� ar�� <br /> ����rr�rr7�r�t�i ���r��y ���in�t ��►y �ra��rt�+ ���urir�g t�� ln��bk��ln��5. T�is ir��lu��J�� a ��mi�h�n�r�t �f ar�y �# <br /> ��rra�rer'� �r Tru�t�r'� ���o�r�tsr Mr����dMrr� d��a�it ����ur�t�, with ��n��r. N��r�v�rF #his E�r�r�t �f ��f�ult ��r�ll <br /> r��l ���ly if fh�r� i� ����� f�it� �is�ut� �� g�rr�w�r Qr Tr�st�r�� t� th� va�l i�it�r �r r�a��r���l�r���� �f tl�� �f�irri <br /> whi�h, i� th� I�a�i��f tl�� �t��lit�r�r f�r�e it�r� �r�����i���r�d i���rrQw�r Qr�ru st�r�iv�s L�n��r writt�n n�ti���f <br /> tl�� �r�di#�r�r f�r��it�,r��rQ���din��nd��pasit�w itl� L�r���r m�ni���r���r�t}�b�n�f�r t���r�d ito r�r f�rf�itur� <br /> �r����dir��F ir� ar��mQ��t��t�r�n�r��� ��L�r�d��r ir� its ��I��i��r�#i�r��as��r��a�n����U�t�r���r���r��r��!f�r tl�� <br /> ����ut�. <br /> �r�a��h ���#h�r�►�r��m�nt. An�r �re��l� ��r��rra�rr�r�r Tr�s#o��nd�r tf��t�rrn��f�r��❑t#��r��r��m�nt��tw��n <br /> ��rr�wr�r �r Tru�tQr �n�1 l�e��l�t't��t i� r��t ��r��di�i u�ithin �n�r �r�� �ri�d �r��f��� ther�ir�, fll�I�J�fI'1� Wi���4.Jt <br /> I imit�tE�n ��� �,����t�t ��������g �n� 9���t�n��� �r �th�r ��1 ig�t��� �f ��rrav�r�r �r TrU�t�r t� L�n��r, <br /> w�i�tl��r�xi�tin�n�v�r�r I�t�r. <br /> ��r�n#s Aff��#in� ��ra r�nt�r. �n�r�f#l�� �r��lin� ��+��t�a��u r�v�ith r�����t t� �n���ara�r�t�r, �r��rs�ra ��,r�t�+, <br /> �r ��c.�mrn���ti�r� p�rty �f ����f t�� I r����t�dn����r �n�r���ra nt�r, �r��iors�r, �u�r�t�r, �� ���mrrr��ati�� ��rt� <br /> �i�s �r ���arr�� in��mR�t�r�t, ar r�r��l��� �r �i�p�#�� th� �al id it� �f, �r Ci��ility un��r, �n�+ �u�r�r�t�r �� th� <br /> �nd��t�dn���. <br /> A�I��r�� �han��, A rrr�t�ri�l arc�rer� �har�c,� �r� in �rr�w��s �r Tru����s fir��r��ial c�ar��itM�rr, �r L�r�i�r <br /> �li��s th�pr��p��t��p�rr�r�t�r�rf��'rr�n��f�h�In��bt�dr���i�irn��ir�. <br /> Ir�����rity. L�n����r�����f�Mth k��l i����it��If ir����u r�. <br /> F�1��7`S A�la R�I��DI�� ��I D EFA�L�. �f�� �r�r�t of�f��rl���r� �n��r thMs �.i�f Tru�t, �t any tirrr�kl��r��ft�r# <br /> Tru����r��r���m�ay��r�i���r��r�r���r rr�r��f th���Il�v�rin�ri�h#.��nd r�rr�€li�: <br /> ����I�r�ti�n �I��r� a�f�u�t; Ad�i#i�n�l F��m��l i��. If���r E�nt�f D�f��ft�c�ur� a��r tl��t�rrr�s af���hkat� <br /> ��ur�Y�er�by, L�r�d�r r���i�l�r��I In��bt���ss��ur���thi�C�d�f��u�t t� I�d��n�p�r�k�l��n� <br /> #h�sa�shall t��r�upa��rn�du��r�c�p��l�k�with�ut�ny pr�s�ntrr�r�t� d�man�, �r�t��t�r rr�ti�e���rr�r <br /> I�in�l. Th����fter, L��r rr�y: <br /> ��� �'ith�r ir� �r�n �r k��r ��nt, �ritl� �r �r�����t �r�r��i r� ��y ��tifln �r �r��in�, �r by � r�i��r <br /> a��irit��y a c�u�t��with��#r�ar+d�������I�qu��f i��s�curit�r, �r�t�r u�r��rr�ta���ssi�n <br /> �f th��r�rt�rw�r an��rk#h�r���, in it��wn n�rr��r i�tl��r�rrr��f Tr��t�,�n����ny��t�vwrl�i�h it <br /> deerr�n�ssar�+�r�[�ir-�bl��o pr�rv�th��ra�u�, r��r��ta��ilit��r r�nt�l�ilit�r�f th� I�r�rt�r,�r�art�f <br /> tl�� �r�p�rt��r ir���r��t in th� Pr�rt�r; in�r�s�tF�� i r�ort�r�fr�rn th� Pr��rty�r pr����k tl������ri#��f <br /> t h� P r��r�+; ��d r ►�r itt� �r�ttk����t���� p��sti�n �f ��� �r�a�rt�, ���f�r �r����rwi�� �1 I�� th� <br /> ��r�ts, issu��rrc� �r�fi#���#h� F'rvper#�rr ir��l��li��tha�� ��st ����n� �n���la �n� �p�ly tk�� �rr�t I� <br /> �as#��r��r����f�p�r�ti���n���I���n�tt�rn��s'f�s�t��n�ir��t�in����ur�k��r this� <br /> �f Tru�t, �II in su�h �r�r a� L���r rr�,� ��t�rrrtiin�. �h��nt�ri n� up4r� an� tal�i n� �i� �f th� <br /> �r��rt�, tl�� c�ll��ti�n �f su�� r�nts, issu� �r�i �r�fit�� �r►�! th� �ppl icati�n #h�r��f shal! n�t �ure �r <br /> w�i�r��rry��fa�l��r n�ti���f d�f�ult ur��i�r th is ��i�f Tru�t�r anual��at�a����t �on�i r� r�s�r��a t� <br /> �u��r�i�f��,l#a�r purs�r�nt t�s���n�ti���c��f�ult; �r��f, r��twithst�n�ir��th�c�nt�n��r��in p�s�si���� <br /> t�� Pr�p�rty�r th��Ile�ti�n, r����t �r��J ���lic�ation �� r�nt�, i�u���r �r��#�} Tr�st��r L�n�i�r sh��l <br /> t�er�titl�c!t� �����u�r�r ri�ht�r��i��d fa�Mr�#h� I�lat� �r th� �I�t�i ��rr�nt��r ���a��p�r�th� <br /> a�Urr�no����n����nt�f��fa ult, i r��l u�li r�+�t���-i�ht t�e��r�s�#h��v�r�r�f�I�; <br /> ��� �rrtirr�r���n��ti�n t�f�r���tM�is ��f T�U�t��rr�r�����, ���i r�t�r�i����r sp��ifi�all�r <br /> �r�f�r��n��f th���r�ant�f��r�f; a�r� <br /> ��� �li�r�r t�Tru�t��v�ritt�n�i�lar�ti���f��f�ult��d�1�rr��d f�r����r��l�v�rr�tt�� n�ti��of�#����# <br /> �n�l�I�cti�r�t�€�u�Tru�t�r'� int�r��t in th��r�p�rty t��sald,��i�� n�ti��Tru�t��h�ll ��#�b� <br /> dul�fi��c�f�r r��l�n the�RP��Priat��ffi���f th���r�t�r irr w�i�h th�P���ty i�I�at�i}an� <br /> �c�� Vl�itl�r��t t��I���an���rt�f th��I �r{a�rt�, L�r�r���I ha��II th�ri�h#��r��rr�i� <br /> �f a���r�l�a��r���r th��:�r�ka�r�if�rrn�mrrr�r�ial�acie. <br /> F���I��u��a�r R�w�r�f�al�� If L�r��r�I�t�����r����r�x�rci�af th�F��+rn�r�f�al�h�r��n�ntair��f� <br /> L�rr�r�h�lf n�tii�r Truste�an��hall d��a�it v�ritl� Tr�st�th�� p��f T���t ar�t�� f�J�t��n�i �u� �ei�t� <br /> �nd�vM�l�n��f��cp�r�itu�mr����,r�d�c�,r�i�r thi��d�f Trust�s Trust�rrk��r�quir�. <br /> (�� lJp�n r��i�t�f�u�h n�ti��fr�r� L�r��J�r, T�u�t.�e s��ll�u�t� k�r�or��,�a�li�h��n���i����ei <br /> t�Tr��t�r�r��h 1�l�ti����a�f��,lt �r��l I��ti��f���as tl��n r�qui�r�f !�y I�w�r�d ��this ��f Tru�t. <br /> Tr4a�k�� �ha�l, wMth�u� ��rr�nd �r� T'r�.+�t�r� �ft�r ���h tirn� as �ay th�� t� r�qui�ec! t�y I�v� an�l �f��r <br /> r��r��ti�r��f�u�h �lati��� ��f��,lt�rr��fk��1�J�ti��f�al���r�irrg la�r��+�n�s r��qui r��y I�w� �elr <br /> th� Pr�p�rty at th��irr� �n� �I�a� �f �I� fix�� l�� i# irr ���h �J�ti� �f �al�, �i�#�er �s a v�rh�l�, �r ir, <br /> s�pa�t�I�t��r�ar�ls�r it�ms a�Tr��t��hall�rr��x��li�nt, ��i n�u�h�r�Jer a�it rrra�d�t�rrmi��, <br /> �t ��bli��u�t��n t�#h�I�i�h�t�i�r far�I� in lavvf�,l m�n��f�F�� �.Init� �trat�s�,ayabl��t th�trr�� <br /> �f sal�. Tru��� sk�ll ��li�r�r t� �� p�r�h��r�r p�r�as�rs tl��r�f �t� �d and suffi�i�nt �d �r <br /> d�s �n��yin� th� �r��rt� ���I�, I��#with��t an�r �r��nar�t��nr�rraniy, ���re,�,s �r �rr��li�. 1�,� <br /> r��it�ls ir� �u� ��1�f�ny rn�##�r� �r f�c�ts �h�l� k����lu�i�� pr�f�f tl��t�ut�fulr����tl��n�f. �4r�y <br /> p�rs�n,in�l�dir��v�vith��t li mit��i��Tr��#�r,Tr�st���r L�nd�r, rr���urc#�������s��. <br /> {�� A� ��r 1� ��rnnitt�! l�y I��rF �ft�r ����tir�� �I� ��t�, f� �r� �rr� �f Tru�t� �nd �f tMi� <br /> T�u�t, incEuc�in��st��f�vitier���#Mt�e in�nn�cti�n v�ith���,Tr�,�t�sh�ll���ly#h��r��s�i s�al� <br /> ta�yr�r�r�t�f �i��II��r-���p�n��l r�r���r th�t�rr�r��f th i��d af Trust�r ur���r#��t�rrrr���th�f�#� <br /> n�t t�r�r� r��id, i�r�lu�ir�� ��t rr�� limit�l t� a�cr��d �nt�r��t ��r�i I�t��h�r��� (Mi� all �th�r��r� th�n <br /> s��r�d��r�by,�r�! �iii}th�r�rn�in�l�r, if�r�y,t��k���'�r���'�rs�r�s�e��fly�r�#itl�d#her�t�. <br /> ��� Tru�t��rr��r�r�tF��r�ann�r�r���1�i b�r I��v�kp�r�����af�II�r 2�n�r�rti�r,�f t�� Prflp�rt�r. <br /> R�rr���i�s �I�t Ex�lu�i�r�. Trust�� �n� L�r��l�r, an� �a�h �f th�m, shall �� �r�titl�� t� �r�f�r�� ��yrr��nt and <br /> p�rt�rman���f�n�+in���t��n��s�r��I i��ti�n�s���r��b�+th i� L�����f Tr�st�n�t��x�r�r��al� fi��ts �nd��v,r�r� <br /> ur�d�r thi� a��d �f Trust, �n��r tl�� �I�t�, �,nd�r ar��r�i �h� R��a#�� ���urn�r�t�, �r �r���r�n� �th�r ��r��rr��r,t�r <br /> �r�y I��nrs r���n+�r h���a�ft�r in f�r��; t��twitl��t�r�din�, 5orn� �r�II �f�u��h in��bt��r��s� �r����ai��ti�r�s ����r�d b�+ <br /> th"r� ���� �f Trust m�y r���v �r h�r���#�r���#h�rwi�e s�c�r��, ���th�r�� rr�artg���r ���d �f#rust# �I�dg�, li�r�, <br /> �s�i���n�nt or �th�rwise. hl�itl��r th� ���pt�n�� v# tk�i� ���d �# Ts��� ��s it� e�����ar��nt, wh�th�r �y ��ur� <br /> ��ti�r� ���ur�u�r�# t� tl�� ��w�r�f s�le�r�tf�er p�w�r� ��r�t�i r��� i r� th is ���� �f Tr��t, �l��ll pr�ju�i���r i� �ny <br /> rn�nn�r �ff��t Tru�t��'� �r L�r�t��r's ri�h� t� �e�l��� up�r� �r �nf�re� �r�y �tl��r s���rity r�a►� �r I��r�a��t�� f��l� by <br /> Tru�t���r L�r�d�r,ik k��ing��r��l�I��t Trust���n�L�r��l�r, a�r�����h�i tl��rr�, ��1all���r�tEt���t� �r�f�r��th�$ a��� <br /> �f Tr�st an� �n�r �the r s�c�rity n�w Qr h��r��ft�r h�l� k�y L�n��r�r �rU�t�� in ���h �r�i�r ar�d m�r�r��r a�s tl��y�r <br /> �ith�r af th�rn rna�r i�r th�ir a��Ql�k� �i��r�#i�r� ��t��nnir��. I�� r�m���r ���f�rr�� ��n �r r���rv�d t� Tru�t�� �r <br /> L�nd�rr i s i�nt�r���d t� b� ����u�i���f�r��r Qth�r r�m���r i r� th�s a�ed of�r��t ar��r I�v�r �r��ri�l�d�r ��rm itt�d, I�ut <br /> ���� shall �� �urnulativ� ar�d sl��ll b� i� ad�iti�r� �Q �v�ry ��h�r r�rn�d�r �iv�r� in t��s ��i �f Tru�t �r r���r ar <br /> ��r��fter�xE�tin�at I av�r�r i r� ���it�r����r�t�tut�. ���r�r��w�r�r r�rr���yr�i�r�n ��r th� I��t� �r�ny�f th� R�I�t�� <br /> aQ��m�n�� tQ Tru�st�� �r L�r���r �r t� v+,+l�i�l� �it��r �f lh�m m�y b� ��h�rwis� �nt�tl��, rn��r �� ���r�is�d, <br /> ��n�urr�ntl��r in��pen�l�r�tl�rr fr�rn tim� t� tirn� ��d ��aft�� �� rr���r t�� d��m��! ��€���i�r�t b�r Tru51���r L�r���r, <br />