2� 1 ��257�
<br /> ��E� �� ��lJ��" �
<br /> ���nti�u��l� ���� �
<br /> ��❑p�rky ir� �n �rna�r�� �u��i�r��t� av��d ���lic��i�n �� an�r ��insuran�� c�aus�, �r�� �nri�h � �#an�ar� m�r������
<br /> �Ia�s� in#a��r�f L�r�d�r,t���t����rti+ith s��h �#h�r�a�ar� an� li��ili�r i�isur�r�c���L���1�-r rnay r�as�n�bly�-��uir�.
<br /> P��i�i�s sf�ali ��v�rit��n ir� f�r�t arr��ur��, ����rag�s ��d �a�is ���s����l�r ����pta�l�t� L�r,��r�Rd i�s��� fa�a
<br /> ��rr��ah�r �r�orr�p�n i�s r��s����Iy ����}�t��l�ta Lend er. Trus��r, �p�n r�qt��st�f L�:t����-a wi fl �I�liv�r�� L�n��r
<br /> f�-�m�i r�����i�e tl��pal��«s �r��r�ifi�t���f ir�sur�r���i n f��m �ati����t�r�t�L�n d�r, in�l u di�g �t��ul�iti�ns�ha�
<br /> �t��rag��v�rRl� not�� �an��ll�d�r�ir�-ri�i�����ithau���fi�ast thit�y���}da�rs�r��r writ��rt rto�ic��Q l��r�d�r. E��h
<br /> i�rsur�n c� ���i��r�i�� �hal1 Gn�����arr ����rs�r��r���r��ridit�a�th�t��v�ra�� i n�a�r�r �f��r�d�r wi[t n��b� irnpai r�d
<br /> in �r�y v�ra�r��r ar�y���, �mi��i�� �r-��t�ult��Tr��t�r ar sr�y Q�h�r p�rs�r�� �h�ul� t�� F���I �ra�erty b�����t�d i�
<br /> ���r�a ���i�h�te� b�th��r��ir�istrat�r�f th� F���r�l ���r�er���r�ar�a��r��nt A��n�y��� sp�ci�l�la�� l�a�ar�
<br /> �r��, Tru�t�r a�r��s t� ����xr� an� rr��i�rtair� F�d�r�l �I��d �nsur�r���, if a�rai�����, f�r tf�� rry��i�n�rrt �m���t �f
<br /> �ru���r's cr��tt!i r���r�� the��I� u R��i� prin�i��� b�lan�� af arr}�ri�r li�r�s�n��,� �r���rty s��u ri na�th�I��r,, ��ta
<br /> �h�rna�im�� p�li��r l�rnit���t un�er th�N�#��n�l �140� Insur�n���r��r�rrti,�r�s��h��wis�r��ui�-�� �y L�n��ra�t��
<br /> ��r-n�in�a�r����h ir�sur�r�����r tf��tet-rn❑f th�[��n.
<br /> A�plicafi�n ❑f Pr������, �r��t�r�t���� prar�pt��r r��t�fy��r�der�f any 1��� �r d�m���t��� �raperty. Ler�d�r ma�
<br /> r��k� �r��f �f I as� if Trust�r f�iis f� �� s� �r�th€n fi#����r ��#�� d ay� ❑f th� �asuafty. V�f�reth�r �r r��t L�r��er's
<br /> s��u ri��r i�irr�p�ire�, L�r�d�r m��r# ��Ler�d�r'� �I��ti��} r-�����r��r�� r���i n th,��r���e����a��r ins+�r������� ���IY
<br /> t�� proc���� �� ti�� r�du�ti�r� �f t�� in�ebt�dn���} ��yme�nt �f ar�y li�r� �fife�tir�� the Pr�perk�r, �r th� r�st�r�tian
<br /> �r�� r���ir o�th� Pr�p�r#y, If��r�d�r����t��� ���I�t�� �ra�e��s#Q r��t�rati an �r�d r���it�, �i ru�t�r shal� r���$r�r
<br /> r��laG� �h� �ama��� �r d�st�-�y�d Ir��r�v�rr��r�ts in a m�nn�r sati���ct��r ta L�nd�r. ���,d�r �hall} u��r�
<br /> �a���fa�tar�r �ar��f �� sucl� ��enditur�, ���r �r r�im�urs� Tr�sf�r fr�� �h� �ra�.e�ds far #h� ���sc�r�abl� ��st �f
<br /> r��air ��- r���ar��i�r� if �'r�st�r i� n�t i� ����u It �r��e r�h i� a��d �f Tru�t. An�r ��-����� v�h i�h h��r� n�t ���r�
<br /> �i��Oursed �ith�n 1�� ���r� a�t�r�h��r r���i�� ��� �rI�i��i �.�nd�r h�s nQ� ��r�r-n it��� ta t�e r�p�i r�r r�s��r��j�r� ��f
<br /> ��e �ro�ert��haE]b� ����f f rs�t� ��}r any�rri��snt�v�rir�� t� L�r�d�r�nc��r#hi� ���� �f Tr���,���r�t� pay��eruec�
<br /> �r�t�r�st, �r�� �h� remai nd�r, if at�y, s�a�I �� �ppIi�� t�t�� p rir��i��� ��I�n�� a��i�� I����t��r���s. I���r�d�r h�l��
<br /> ��� �r������ �ft�r p��rn�nt in ��a�� �f f�� Jr�d��t��r���s, �uch �ra�e��� s���l b� �ai� t� Trus��r �s Trus���s
<br /> i�t�r��ts r�r7�y�����r.
<br /> ��m�li�r���vvE�h ��cEsting Ind�b���in�s�. ��rin� th� p�ri�� ir� whi�� �r�y E�i�tir�� lnde���dn��� �i���r���d b�l��r,f is
<br /> �n ��f��t, ���-n��ia��� �r,rith the i�suranc� �r�vi�i�n� ��n�a�r�e� in th� i�r��trUrr��t�t ��id�ncin� sucf� Exis�ir��
<br /> �n d�����n��� s�i��I ��r�stitute �ompliar�c� v�ri�h �h� in��ran�� ��-��ri�i�n� u r�d er t�i� ���� �� �'rust, t� #h� ��t�r�t
<br /> ��r�plian�� �rvith th�t�rrr�s �f tl�i� ���� �f�'r�st�au�d c�n��st�t� a d��li�ati�n �f�r���sr�r��� r���ir�r����. 1�arr�r
<br /> �r������fr���f�� in���an��b��am� p�y��le ��i 1���, �h�pravision� in t�i� a��� ��Tru�t f�r di�isi�r� �f�������s
<br /> sl��l� ��a��y��rl�ta��ia�pa r��an af th��r����ds r��t�ay�I�l�to th�h�l d�r�f tl����i�ting 1 n�ek�t�r�r�ess.
<br /> L��[��F�'� ��PF��l�IJF�E�. Ef Tr����r f�ils �A� t� I���� t�e Pr���r�r fr�� �f aGi ta���, 1i�r��, s��urit�r ir�t�r����}
<br /> ���urn fo ran���, �r�� ath�r�I ai�s, �g� t� p r��ri�� �n�re�uire� in�u r�r��� �n �h� Pra��rky, ��� �� �-n�l�e r�p�Ers ta th�e
<br /> Proper�y�r�� ��mp�y witi� any o��i��ti�n �� m��nta�i� ��is�ir�� Jr����t��r��s� in ���� s�ar��in� a� r��uir�� b�l�w, ���r�
<br /> L�r���r ma�r �� ��. [f an�r ��t��n �r �r�c���ir�� is ��m m�r���d �����rQul� �n���rial I�r a�f��t L�n��r's it�t�r�s�� i� t��
<br /> �r�p�rt�r, �h�n Lend�r ��, ���t���r's �����f m�y, �u� i� r��� r�q uir�� t�, ���� any a�i�n tE�a� ��nd�r b�li�v�� t� b�
<br /> ���rt�pri�te t� prot�ct L�r���r'� ir���r����. �11 e���r���s inc�rr��! �r ��E� #�� L�r�d�r far such �urp���� wi,l� th�� �a��r
<br /> i�t�r��t �t tf�� r�t� �h�r��d u r,d�r ��� ���-��it ��r��rr��r�t fr�� �}�� dat� in��rr�� ��- ��i� b� L�r���r t� th� ��te �f
<br /> r�pa�m�r,t�y'T'r����r. Ajl �ucl� ����ns�5 v�ill b�c�r��� ��r� ���h� �n�e�te�r���s�r�d, �# L�r���r'����i�n=v�rill {A� �� r
<br /> �a���I� �r� d�m�nd; ��� b���d�d ta t�� ��lanc� �f th� �re�it��re�rn�n#�n� �� app�rti���� amang �n� b� pay��l�
<br /> �+vi�h an�r i ns��II m�r��payrr��r���t�����me d u��uring ei���r �'I� �h���r��f ar��r�ppl i���[�it��ura►���p��i�y;�r ��� tl��
<br /> remair�E��t�r�-n �f�h� ��-��it��r��r���rt; �r ��) ��tre���� as ��a�l��r� ���rr��ht�vl�ich wi1C �� due at�d �aya�l� a�th��
<br /> �r��it A�r��m���"�rr��#�ri�}. Th� �ee� �f Ti ru������v�ral l����r���ym�r�t��t�t�s� ���ur�ts_ rl���-ig h�s �r�vi���f�r�in
<br /> th�� �ar��r��� �hall �� in �d�i�i�r�t� any ath�r r��hts or�ny r�m�di���� v�rhi�h L�n��r r����� ��rtitl�� �r� �.ccoun� ��
<br /> �r,y ��fa�I�. Any �u�� ��i�r� �� L�t�d�r �h�l i �at be G�nstr�ed �� ��ri�i� �I�� ��f�ult s� a� t� ��� L�r���r�r�r� ���
<br /> t'emed�t��t#��t��r��s�w��ld Y�a��had,
<br /> �}�RF�AC��FI�r a EF�N����TITLE. Th�t�ll��ri r�� �r�vlsia��r�lati n g ta�wn�rsh�p�f th�Pr����}r�r���art�f��is a���
<br /> ��Tru��_
<br /> T��i�. �rust�r v�r�rran��f�at: ��}Tr�st�r I��I�� g��d �nd rn�r-k�tabi� titl� o�r��ard �� t�� �r�p��ky in f�e sirr�pl�,
<br /> fr�� �nd �l���-�f�II li�n� �r�� ��currti�r�rrc�� af��r tl��r� tf��s� s��f�r�h in �h� I��al �r�p�rt�r d�sc�i�ti�n �t-�n tl-��
<br /> ��t����r�g �n�ebt��f��ss�ectia n ��l��r�r i n a n��itl� iri��r�n���a����y,tit�� r���r�, ��fir��I titl���i n i�r� ��suet�in�av�r
<br /> ��, �r�� a��pt�d�y, L�nder in �onn��ti�rt wi#h th3s a��� ��'T���#, �r�� ��� Tr����r h��t1�� full r€�ht, pa�re�-, �n�
<br /> a�th�rity t���c�cUte ar�d���i��r t���a����f Tr�s�tt�Ler���r.
<br /> D�f���� ��Ti�1�r ��bj��#t� #h� ����p�i�� irt th� �a�a�ra�h a���r�, Trusf�r�r�rr�r��� �t�d vtirtll far��r�r�e�end th�
<br /> �3t1�t�t�t� F�r���r�a��in�t�i�� I awful GI aim� a���! p��s�ns. I�t!�� �v��t any a�ti�r� ar�r����din� is��rr�rn�r����
<br /> ��������ti��r�Tru��ar'�titl��r���ir���r��t�f Trus#ee or L�r�d�r�s���r tf�1����� �f Tr��#}T�ustor sh�l3 ����r�d�h�
<br /> ��tF�� a�Tr��tar'� ����n��. �rus��� rr�ay b��h� n�mi r��I p�rty in ���h ��-���ed in�, l�ut L�r�d�r����1 ���r�titd�d ta
<br /> ��rti�i���� in ��e pra�eed ing ��d ta i�� r�pr�s�nt�d in th� �r�����i�g �y c��an��l �f L�r���r�� �v�rr� ���i��, an�i
<br /> Tru�t�r wil� ���i�rer, �r���s�t��� ��li�r�r��,�� L�t��l��'���h ir��tr�tr���rts�s Lend�r r�ay r�qu�s�fra�n tim�ta tim�
<br /> ����rrr�it���h�ar�ic�pat�on.
<br /> ��m�l��n�� Vt1i�� I,av��. �r�st�r v��rr�r�t� ti�at�t�i� F'r�p�rty �r�� Tru�t�r's u�� ��th� �'r�p��ty �am�[i�� �rifh all
<br /> ��cisf�n g aQpl i�abi�la�v�, �rdi n�r�G��,ar�d regul ati�r����r��v�rr�rr�ent�l��#h��i���s.
<br /> ��€rviv�E �� pr�r�E���. All �r�mi��s, �gre�r��r��, �r�� �tat�r��n� Tr��tar ha� rr��d� in thi� ❑��� �f�ru�t ��afl
<br /> ��r�ri�e#h� ��€�����an an�i d��iv�r���F this ���d �f Trus�, s��l� �� �r�#i�r�ir�� ir� r���ur� ���sh�ll �-ema�r� ir�fu��f�rG�
<br /> �r�d �f��Gt��ttil suGh�i�ne a��'rustar'� Inde�tedn�ss is�si�in fulL
<br /> E�I�TE�I��E�fDE�TE�NE�S. ����all��nrir�g pr��isi�ns��r���rr�in� ��ci�#ir�g �r��l��t�dr�����r�a part of#i�is I��e�i❑f�i rust:
<br /> ��ci s�ing Li en. �he l3 er� ❑� thi� ���ci ��F Tr�s� s��u r�r�� th� 1 n d�i�t��r���� rn�y �� ����r���r�{ �r�� inf�r�or ta an
<br /> �x��ti r�� !r�r�. Trus������r�ssly cav�r�a r�ts�r�� ��re�s t� �ay, �r s��fa th� p�ym�n��f, th� E�ci�tir�� Ir�c���t�d r��ss
<br /> ar�d t�pr��r�nt any��f�ul��n��ch ir���k����r-��.�s, �r�y��#ault�r���r th�i�r��rurr�-�nt��vic��n�in��u�h ind�h��d�t���,
<br /> �r�r�y d��ault un�er any s��u rity do�u m�n#.�f�r�u ch in��hf�d��ss_
<br /> N� �111�difica�iarr. T�ust�r� �hali r��t �nt�r ar�t� �r�� ��t-�.�rn��t uvi�t� tl�� h�l��� �f an�r rriort�ag�, d���l �f�rust, c��
<br /> ath��r ���uri�� ��r��rr��r�� wh,i�� ��s �ri�rit}r Qv�r ti�f� ���r� �f Tru.s� by which th�� a�r��m�nt is rnadifiedr
<br /> ��n�nded, e�€t�r�d�d, ar r����rv�d with��t t�� �r��r wri�tt�r� ��n��r�t �f L�r`id�r. Trust�r ����9 r��iti��r �eque�t na�-
<br /> �������n�fr�t��'����an����t�d�r�r�y su�h se�uri�y agr��m�r��w�tl�ar�t t�te�r�ar writ�e�n�ns�nt af��r���r.
<br /> ��[���PV�h[ATl�hl. �h�fal��wi ng prav��i ar����la�i n�t���n��rnn�ti�n pr�����i r�����'e���t��f tl�is a�ed ��Yrus�:
<br /> P�o�e�di n��_ [f �n� pr�����i n a� 3 r� ��r����nn�ti�r� is f���, Tr��t�r �f�all �r��ri�tly �atify L�n��r jn �rri�in�, and
<br /> T�'u�t�r��i�ll �r�t`np��y tal�e s�tGh step� as miay b� n�:���sary����f�r�d ��r� ��ti�� �n� ��t�in �h� �v�r��'�. Trus��r
<br /> may���h�r��r�i��l��r��i��u���r����dir��, ���L�r`i��r��al�k���nt[tl�d ta partF�i�a��ir�th�p�oc���ir��ar�d f�b�
<br /> re�res�n��� i� ��� pr�����iin� by �ouns�l �� i�� �v�rn ch�f��, an� �n�st�r vvilf �I�liv�r �r ��u�� t� �� �i�liv�r�d ta
<br /> I��r����' s���t �r��ft�r�m�hts �nd� ���u�n�nt�ti�r� a� r�na�r b� r�������d �y L�n��r frar� f��n� t� ��t�� t� ��rtr�it su�Y�
<br /> �aru��pati�n.
<br /> A��f i cati�r� ❑f t����ra���ds, Jf�k� �r�r��r��tt�f tf�� �r�p�r[y i�c�n��m n�� b��r�i��r�t�orn�in ��-����r�irt���r�y
<br /> �n�pr�����ir���r�u����s� in I��� �f�ond�mr�ati�n, Len��r ma}r at its el��ti�n r�q�ir��F����II �r an�r p�r�ion af t�i�
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