2� 1 �� 198�
<br /> ���� �F TI�LI�T
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<br /> �h�1� r��� pr�ju�i�� o� ���stifut� � waiv�r �f L��d�r'� ri�l�� ��#��r�ri�� �� d�rr��r�� stri�t �Qrn��i�rr�� �r�r�th t�r�t
<br /> pr�vi�i�r� �r �n�r �tl��r pr��ri si�r� �f th is ���d a� TrU�t. I�� �ri�r �v�i�rer �y ��n��r, n�� �n�r ��ur�� �f ���lir��
<br /> ���r�r��n L�n�#�r�n� T�U���r, �h��l �o�s�it�tt� a rx2����r �f�ny �f L�����'� ri��t� �r�f�r���f Tru�t4r{s �k�li��ti�r�s
<br /> �� t� an�futu r� tr�n���ti�r��. V1���n�v�r th� �����nt�f L�r���f i� ��c��i r�d ur�d�r tf�i� �����f�'ru�t, tf�� ���r�tir��
<br /> �f���h ��ns�nt�}r ���d�r in an�r in���n�� �h�1� r��t��n�ti#�t� ��ntin�irr� ��n��rrt t� �������a��t inst�n����nrh�r�
<br /> ���h��r�s�nt i�r��uir���nd in al������u�h���s�n#m��+��e�ran����r�ith h�id i r�th���I�d�scr�ti�r��f��r���r.
<br /> ��vera��li#�. I���aurt�f�amp�t�nt�urisd��ti�n fin�s a��r ���risi�r� of tf�i� �af Tru�t t� t�ill�g��, inrr�li�, �r
<br /> unec�f�r�abl��s t����p�r�n�r�ir��rr�stan��, t1��t�i�r�ir��hall n�t ma�tl����f�nc�in��r�v��i�n i�l�al, ir,�r�lidT
<br /> �� ur��nf�r�al�l��ta ar�y�tl��r p�r:��r�r�irc�rnstan�. If f���ibl�, tl��aff�n�in� �r��isi�n �I��t #a� �i��r�
<br /> m�da�i�d �th��it b�rr�s I�g�l, ��li�ar�� �r�f�r�a��. �f t���ff��r�ii�� �r�r�i�i���r�t ��m�lifi��, it �I�'�I�
<br /> � �r���r�i �I��� fr�r�n th�� �d ��f Trust. �.Jnl� �tl��r�ri�� r�q�ir�ci �� I�v�r, #h� i Il��lit�r, i n�r�,l i�i#�F �r
<br /> ur��r�f�r��,�ilit�r���r��r�r��i�i�r� af�his ��f Tru�t��I� n�t�if��t t�� I��I i�r� v�li�iit�r�r�nf�r��t�il i�jr���n�
<br /> ���r�ra�isi�n�f tl�i���f�re��t_
<br /> Su����s�rs �n� A�$i�r��. �u�j��k �� �n��irnit�#i�r+� sta#�� in thi� ���� �f Tr��t �� t��n�f�r�f Tru�t�r'� ir�t�r��t,
<br /> tl�i� �c� ��Tru�t shall �� �in�in� �a��r� arr� irrur�t� t�r� ��n��ik �f th� ��rti��, th�ir �u��ss�r�an� ���i�n�. If
<br /> ��r���shi���th�I�����rt���rr�e� ��sx�� �rr�p�rs�r��tl���th�r� `�r��t�rf L�r���rf �rith�ut n�tic� t� Tr�,�t�r, m��r
<br /> ��al w�th Tru���r'��u����s���with r�f�r���e t�this �����f TrUst�n�th� fn���te�n���b}r�ra�r �f f�r���r�n���r
<br /> �xt�r��iar��ith�u�r�l���ir��7rust�r ir��rt t�+���li��t��n��f this ��d�f Trust ar lial�i�i#�r�nd�r th� Er+�i�bt��n���.
<br /> Ti r��i��f�h� ����n��. Tim�i��f th���s�n�in th�p�rfo�m������th is a��d��Tr�.E�t.
<br /> 1��iw� •��r�r. AI� ���-ti�� t� #�i� ���i�f'�r�s#h�r���r��i����e ri�ht���r�y��r��r�ri�1 l�n�n� �c�ti�n� pr����in�, �r
<br /> �#�n�rcl�irr�k�r�u�ht#���n�r p�rt���in���r�����r��art�.
<br /> V1��iv�r �f li�m����d E�€�rn�i�r�. T�u�t�r I��r��� r�l���� �r�� �raiv�� akl �t��t� �n� b�n�fits �f #h� I��m�st���l
<br /> �x�rr�pti�r�I�v����t���t����f�l��r��i��������i�nd����n�������rr�d�y#�i� �d���ru�t.
<br /> ��FI�ITI�I��. The f�l��wi�� ��pita�i��t�w�r�s ��d k�rm� �hall h��r�th� f�ll�v+�in� rn$�nin�s wh�n us�� in #h�� �����f
<br /> �ru st. �.Ir����s �p��tfi��rl�r�ta��� t� ��re ��ntr�r�r, ��� ����r�n��s #� ��I��r a r��un#� ��+��I m��r� �r���r�t� �r� ��w fu I rr��n��
<br /> �� tl�� l.�ni#�� �t�t�� �f�m�ri��. ��r�� �nd t�rm� ���� i n th� s ingu lar �h�l� i��1��� tl�� �Nu��l, �r�d t�r� p lur�l sh�11
<br /> ir��lu�� th� s i���1�r, �� th� ��r�t��t m a�r r��u�r�. ���d� �n� t�rm s n�t �th�rwi�� d�firr�� i r� t�i� a��� �f T r�st �h�l�
<br /> ha�r�th�m��nir����ttri�u#�d t� s��h�t�rm� �r�t�� �lr�if�rm ��mm�r�ia��ad��
<br /> ���f�i�r�. Th�v��rd "��+��fi�4�r�r�m��rr��irst�I�ti�nal ��nk�����n�h�,arr�i�s s����s��r��n���si�ns.
<br /> �arraw�f. 7��w�r� "��rr�w��`" m��rr� ,�Ei�R�r�t�i�, L.L.C.a��hn E�I�w��k�} ,1�nrrif�r L I���ricl�ir Ri�l�'s F�rtiMi�i��,
<br /> L.L.�.; arid Ri�k'� L�wr� ��r� ��. �rr� ir���u��� �II ��-si�n�r� �n� ��-m�k�r� �i�r�in� tt�� �I�t� �nd a�ll #h�ir
<br /> s�r���������r�t�a����r��.
<br /> ���� �f Tr���, Th� wv r�s "'D��� �� T r��t�' rrr��n th is ���� �� fi ru st a m�r�� Tr��#�r, L�rr��r, �n�l T��r�te�, �nd
<br /> ir�c����� with��t �imit�t�ar� a�ll a$�i��r�m�nt �n� ����r�ty in#����t �r��i�i�ns r�l�tin� t� th� I��rs�n�l I�r���rt� an�
<br /> f��nt�.
<br /> a�f�ult. Th�w�r� "[��f��1�" m�a n s�h� a�fau It s��f�rth 4r�th i� ���d�f Tru�t in tF�����ti�n 1i11�d "a�fa u It".
<br /> �nwlr��rr��n#�I L�ws, Yh� w���s "�r���r�r�rr��ntal ��ws" m��r� �n�+ ar�� �II �tst�t #�d�r�l an� I���I �i�t�t�sr
<br /> r�g�latk�rrs and �r�in����� r�latMn� t� th� ���t��ti�r� �f hum�n h�alth �� th� �n�riranm�nt, in�lu�in� w�th��,#
<br /> lim it�tM�� tl�� ��m�r���n�iv� �n��r�nm�r�t�I f��s��nS�, �arn��ns�ti��, �n� Lr�b���t� ��t �f ����, �� �rn���f��, ��
<br /> �,�.�. ���ti�n ����r �t s��. �,���F��LA"}, 1h� ����rfur�� Arr��r��r��r��� �n� R���,#L��ri��ti�n #��t �f 1���, F��b. L.
<br /> I��. ��-��� �"��►RA"�, th� W���rd�us I��t�ri��s Tr�n s��rt�ti�n��t, �� lJ.�.�. ���ti�r� ���'I, �����-r tFr� ����ur��
<br /> ��r���r��#��r� �r�d F�����+�ry A�t: �� 4�.�.�. ���ti�r� ���1, �t ��q., �r�th�r�p�li��t�l� s#�t� �r f�d�ra i t��r�, �u���,
<br /> ��r��ul�ti����dapt�d�ur�u�nt t��r�#�.
<br /> Ev�r�t a�a�f�ult. Th�r�v�rds*Ev�r�t��C��f���t"m��n�ny a�f fh���r�r�t��f��fa���t��t f�rth i�t�i� i��ed�f Trust i�r
<br /> tl�� �v�nts�f��f�u It���t�ar� af th i� a�d�f Tru�t.
<br /> �u�r�nt�. T��w�r� "���ra�r�t�"rrr��n�t�r���r�t���r��r f���r�r��r���r�#�r,�������, �r�r�t�r, �r����r�rr�+���t��rr��r��#�
<br /> L�n���� in�lu�in�w iih�ut li m it�t i�n �g u$r�rrt��f�11�r p�rt�f t�� N���.
<br /> ���r�d��� ��b�#�r����. T"h� ��r�s "I����rd��� �u��t�r����� rr���ra rx��t���al� t��t, ������� �f tl��ir Q��nti��+,
<br /> c�n��r+tr�tian �r �I���E��I, ���rr�i��l �� i�f��tiaus �f�����t�ri�ii�s, may ��se �r p��� � pr�s�nt�� ��t$r�l�al ha���r�
<br /> t� h+�m�n t���l�h �r i�� �r��ir�nrrti�r�t v+���n i��r���rl�us��i, tr��t��, �t����, �i������ v rt, ��r��r�#��F rr���u fa�t�r��,
<br /> tr����art�d �r �ff��rwi�� ��n����. T�� ��rvl� '�����r���r� ��r�st�n���'"�r� r���c� t�r t�r��r ��r� ����d��t��r�s��rr�
<br /> Er���u��� �ith��t �imiiat�ar� �n�r �r�� �II h���rd��,� �r ��xi� �+��st�r����, rn�t�ri�ls ar w��k� �� ��fir��d by �� lis���
<br /> �+r����th� �nw�r�t�m�r�#�I ��ws, Th�t�rm "H���r��us ���$i�r���si' ��s� in���d��r with��t I�mita��i�n, ��trol�um an�
<br /> ��tr�I�Um by-�r�du�l��r ar�y�r��li�r�th�r��f�nd�����t��.
<br /> Irr��r�v�rr��rrt�. �h� w�rd "Irr�pr�v�m�r�ts" m�an� �I� ��i�ti�� �rr� futur� irrr��a�r�rr��ntsr ��il�ir�gs, �tru�t�r�s,
<br /> m���t� h�m�� a�fi��� �n �f�� ��a� �rap�rt�r, f�i�i�iti��# �ddit���s, ��p���em�nt� ��� �������r����u��tar� �r� ��� ����
<br /> �'r���rty.
<br /> �r����#�dn��s. �h� �r�r� ''�r����#����s�" rr���r�� a�l �rir��i��I, int�r��ta �r�d �tJ��r �rr����ts, ���t� �nd ��p�rrs�s
<br /> ���a��l� ur���r th� C���� �r I����t�� ����rr��nt�, ta��tl��r w itk� �II ��r��r��I� �f, ext�r�s��r�� �f, m��i���#i�r�� Qf,
<br /> ��n���id�ti�r�s �f�n� sU�sti��ti�r�� ��r tF�� �f�i��r F��I�te� ���um��t��h� �r��r�m�ur�C� ��p�nd���r�d�ran��� ��
<br /> ��r�d�r t� �is�h�r�� Tru���r"� a�ti��ti�n� �r ��p�n��� i n�u�re� ��r Tru���� �r ��nr��� t� ��f�r�� �r�r�t��'�
<br /> ��1i��ti�n� �n��r #I�i� ���� �f Tr��t, t���tl��� wi#h i�#�r��t �rr su�h �m��,nts a� pfi��ri�e� i�n thi� ���� �f Tr+��t.
<br /> �p��ifi��ll�, v�4#h�ut lir�it�ti�n, Ir�d��t��r���� ir��iu�i�� t�� futu�� ��i��n��� ��t f�r�h ir� t�� Fu�ur� A�������
<br /> �r�vi�i�r��f t�ris ����Qf T�u�tr t��atl����i#h ��I int�r��t th�r��n.
<br /> ��r���r. Th��r�r� "��n d�r"m�an� �irst�ati�r��I��r�k�f�rn�h�, its �u c�����rs a r��a�si�n�.
<br /> hl�t�, Th�w�r� "hl�#�" rn��n� �n��n� all �f ��rr��+�r'� IE��'rli���s, ��Mi��#i�ns ar�� ��bt� �� L�n��r, n�v�r ��i�t�r��
<br /> �r h���ir�a��t�r in��rr���r�r��t��, in�l�,din�, with��t limita�ti�n} �II I���n�, a���r���s, int�f��t, ��st�d��ts, ���r�r�fi
<br /> in���l��n��s, �r��lii ��r� ind��t��n���, t���� Q�It����rr�, �f��f�ft��S ��i� �?�Ii��#���� un��r� +r���r���# r�t� �r�t��t���
<br /> ���'��m�nt��r f�r�M�n ��rr�n��r���h�ng������r��nt��r��m m��it� �r��� p r����ki�r� ��r��m�rits,�t�r�r��1 ig�tia n s,
<br /> ��� li���liti�� of �arr�w�r t��eth�r with �II r���ifi�at��n�� in�r����s, r�n�w�l�, ar�d ��clen�i�n� �f th�
<br /> a��r�m�nti�r���. A��itE�r��il�, ��r�b� ir���r��r�ted �� ii f��ly s�t f�rih h�r�in ar� #f�� #��rm� �r�� c�r��ifi��� �f�r��+
<br /> pram is��ry n�t�, ��r���n�nt �r �th�r d��um�r�t �x��ut�� by ��rr�v��r �n�l�r L�t���r in�i��tir�� th i� ����rit�+
<br /> �rr�tr�m�r�t �r t�� �ar���rt� d���rib�d l��r�irr s��ll �� �ansid�r�d "��Ila t�r�I�" ���u rir�� su�h �rarr��s��r�r r��t�,
<br /> ��r��m�n#, �r�th�r i n s�r�rn�nt, �r����i�i!�r��f�r�r���.
<br /> ��r��n�rl I�rap�rt�r. Th� w�r�� "�ers��l�l P r�p�r#y�� �n��r� a�l e�u ip m�r�t, €i�st�f��, a n� �th�r �rticl�s �f ��rs�r�a�
<br /> �r���rty n�w �r h�r�af��r �w n�� �� Yrust�r, an� n�vwr �r h�r�aft�r �tt��h�d ar �ffirc�d t� tt�� R�af �r�p�rt�;
<br /> ����th$r w�t h �II ������i�n�, ��rk�, �r�d ���iti�n� t�� a�l I r�pl�Ge m�n#� �f, �nd all �u��ti#�ii�rr� f�r, an�r �f s��h
<br /> �r���rt�; �r�d ta��tl�er ���l� a�! pr������ �in�lu�i�n� wit�r��t limitati�� �#I irys�ra�n�� pr����s �r�� r�fun�� �f
<br /> �r�miurns�fr�rr� �ny s�l��r��h�r�is��sttE�n�f tY�� F���p�rl�r.
<br /> �r�per��r. �I����r� "P r���rty" r�$arr s ��II��ti�r�ly th� Re�l F�r���rt�r a n�th� ��rs�nal�r���rty_
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