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201602845
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Last modified
7/24/2017 1:42:02 PM
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5/9/2016 12:38:12 PM
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2� 1 ��2845 <br /> ���� �F T���T <br /> ���n 11��: 1��1���� ���r��i����l} �a�� � <br /> �r�� r�p�ir �f th� F'r�p��ty. If L����r �le�t� to �ppty��e pr���ed� t� r��taratior� ��� ���air, �r�st�r �h��l re��ir �r <br /> r��l��� t�i� d�ma��� �r ��str���� Impr�v�m�n�� in � mar�n�� sati�fa�t�ry t� Lend�r. Len�l�r �hall, up�n <br /> sati��a�tory pr�a�f af su�f� �x��r��itur�, ��� �r r�irr�l�ur�� Tr��t�r �r�m th� pr������ ��r �h� r����n��I� ���� �f <br /> r�pair �r r��t�rati�n if Tru�to r i s nat �n de�ault �nd�r th i� ���� �f Tru�t. An�+ �r����ds irv f�i�t� f���� �t�t t���r� <br /> d is k�Ur��cl �itl�i r� '�$� ���r� �ft�r �h�iE r���i pt �rtd vtir hi�h Lend�r h as n�� c�m m�tted ta the repa ir o r r�stor�tio r� �f <br /> t�ne P�-�pert� �h�ll b� u��d �ir��t� ���+ �r�y�m��r�t�v�Er�� t� L�r��er �n��r thi� a��� �f Tr��tf tf��n �� �ay ���r��d <br /> in��r���r �n� �h� r�main�lerr �f any, �E�al� be appli��l t� tl�e principal k�alanc� o�F th� ln��bt�dn�ss. ��r Len��r ho�ds <br /> �riy �r�����1� �ft�r �a�rrx��r�t �n f�l� �-F �h� In�iet����lr�ess, su�l� pr�c��ds sh�ll b� pa�d t� �ru�tar as Tr��t�r�� <br /> in��r�sts rrtay app�ar. <br /> LE[II�EF�'� E��EN�IT�F�E�. �� Tr��t�r fai Is �A� t� ���p th� Pr�p�r�y f r�� �f a!I �����, ii�ns, se��ri��r ir�#er�s��, <br /> encum�ara n�esr a nd ����r cl�E ms f {�} t� �ravi�� �r��r r�q�ir�� i�s ura����r��f�� Pr��er��rr �r ��} t� m�I�� r���i r�t�th� <br /> Pr���r�r �h�n L�nd�r �ay da so� lf a�y a�tia n ❑r �r�ceed in� is �o�m�nc�d t[�at vv�ul� m�t�ri�!I� ��#��� L�rr��r's <br /> Ent�r�sts �r� tl�� ��-���r��� ���r� L����r �n Tr�€�t�r'� ��1nalf m��r b�t i� n�� r���,ir��! t�r ���� �r�y ��ti�n �h�� L�r��i�r <br /> k��li��r�� �� b� ��p�-apriate�a }�ratect Len�er'� int�r���s. A!I �xp�r�s�� ir��urr�� �r ��;d �y L�r���� f�r su�l� �u�����s vv�ll <br /> th�r� t���r i r�t�r���a�t�� r�t� �h�r��d �r�d�r th� N�t� fr�r� �t����t� i n��rr�� ar ��i�i t�y �.�n��r t�th����� ��r����rm�n� <br /> 1��Tr��t�r� A�I s��h ��p�n�e� �rill t�ecame � part af t�� �r�del���dn�s� an�r a� L�nd�r's ��ti�nr vvill {A} k�� ��y�k�l� �n <br /> �em�r��ii �B� b� �r���� t� ��� ��l a r��� �� th� N�t� anc� t�� ��p�rti�n�cf a r��n� an� �a� ��y�bl� �rv ith �n�r i r�st�Ilm�nt <br /> �aym�nt� �� ����rn� du� �u�-zn� ei�h�r �1� fif�� term �� �ny a�pl���l�1� insur�n�� pali�y; or ��� th� rernair�ing terr� ofi <br /> the N�t�; �r ��) �� ��r��t�� �� � �afl�or� �a�rr��r�� v�r[�i�� �ill �� �f�� an�! ��y�bl� �t�h� N�t�'� m�t�r�ty� T�� ����i af <br /> Trus� als❑ }rviil �ecu�'e pa�tr�ent a��hes� a�rr�o�nts. Th� ri�t�t� �ravid�d f�r ir� th�i� ��r�gr��1� sl��ll t�� in ��diti�r� t� �ny <br /> a##��r ri��t� a� an� r�m��i�s �� �nrh i�h L��d�r m ay b� entit��d �n a���unt �f a ny def���t. Any ���h acti on l�y L�nd�r <br /> s�a I� n�t�� ��r�s����d �� ��ri��tt�� d����It�� a�t� ��r L�n��r�r�m �r�y r�rr����r th�t i��th�r�nris� �r����i h�v� ���. <br /> V�'ARR�4[1lTYr aEFF�11�E�F T1�LE, �h��alfov�ing provi�i�n� rel�tin� t� ov�rner�hip��th� �ro�erty ar� � p�rt��this ���r� <br /> �f Tru�t: <br /> �it��_ Tr����r �rv�rran�� �h��: {a} Tru�#�� h�[d� ���d and m arl�etab�� tit[� �f reco��i ta t�e Pr�p�rt� in fee �krYl�I�r <br /> fr�� ��r� c[��r �f aCl �i�r�s �n� �r��um�rar���� �ther th�n th�s� ��t ��rth in th� R��I �r���rty t����ri�tion �r �n �ny <br /> titl� in�uran�� pali�yr tifil� repar�tr �r fir�af tit�e �pin�a�n i��ued in �avor ofr a�� accept�� �yr L�nd�r in �ann�ction <br /> �i�h this ���� �f Tr�st, �n� ��� Tr�st��ha��h� f��l r��h�r ���II��r �n� ��th�ri��r�� �����t� an� d�li�r�r��i� 1����i �f <br /> �Cru�t�� L�r�de�. <br /> ��f�ns� �f��#1�. ���j��t t� tl�� ���e�at��n in �h� p�r���a�� ��a�r�, Tru�tar �a�rant� an� �sll f�r���r d�f�nd th� <br /> tit�e t��th� Prapert� ��ain��t�the lav�fu� ��aim� o�r�11 p�r�ans. ln tl�e e�en�t any a��tian �r proce�di�� is c�mrr��n���l <br /> t��t��r��ti�r�� Tru���r`� ti��� �r t�� Er�����st�f Tr��t�� �r L�n��r un�i�r�h�� a��d �f Tru�t�T�u�t��r�h�l[ ��f�r�d t�� <br /> a�ti�n �t Trust�r'� �xp�r�s�. Tru���� m�y �e �h� no�ir��l party Er� such pro����in�, k�u� L�n�i�r sf�all b� �ntEtl�d �� <br /> p�rtici�a�e in tE�� pr�c��d�n� �r�d ta b� repres�n�ed in tfn� �ra�eedi€�� by ��uns�� �� Len��r's ��nrn ���i��f �n� <br /> ��'�1S��C 1N1�I ��IE11�F'r �r�����t� �� ��I i��r��r t� L�r���r ���I� i n�trum�r�t� �� L�r���r m��r r��u���fra� ti�� �� tf r�� <br /> t� ��rrr����u����r�i�i�ati�r�. <br /> �om�l�ar��� l�Eth LavrrS. Trus��r �nrarrants t�na� tf�e Prap�r�y anc� Tru�t�r`s ��� �f �I�� Pr�p�rt�r ��m�l��� v�ith all <br /> ��isti�� a��l������ E�w s, ar�ir�a r����f �r�d r��uf��i�r�s ����v�rr�m��t�I �uthari�i��. <br /> ��rviwal �f Pr�mi��s. ��I promi���f a�r��m ent�, a r�d �ta�ern�r�ts �r�s��r has m ad� i r� �hi� a���i �f Tr��t �h�II <br /> ��rviv� �h� ����uti�n �r�� �eli��r� ����i� a���i �f Tr��tr s��ll �� ��r,fiir,��r�� ir� n�tur� �r��l sh�ll r�rr��ir� ir��ull f�r�� <br /> ��d�ff���ur��il su�l�tirr�r� �s Trust�r`s �n��l�tedn�ss i� p�id ir�full. <br /> ��N��l1�lN�4Tl�l�. �[��f�l I�v�ri n� p r�vi�i�ns r�lati r�� t� ��n��r�r�a�i�n p��c e�di����r� � ��r-��f t�is a��� ���rust; <br /> �'r�ceedin�5. I� an� �r��eedin� in ��n�i�mn��i�n is fi[��i f Tr��#�r �h�ll pr�m�tly n�ti�r� L�n�l�r ir� �ri�ir��, �r��l <br /> T�u�t�r ��t�ll �r�rr7�tl y ��I�� �u�h st�ps �s m�� b� n���s�a ry t� �1�f�n�l t�� a�tia r� a nd abtain th� atrv�r�i. T��st�r <br /> m�y b��h�n�min�l p��r i n s��h p r������n�r k��t L�n��r s I�al I b� �ntit���i�� ��rti c i�a�� irr tl�� �r����dir�g �r�d t� �� <br /> ���r�s�r�t�d ir� th� �r����di�� k�y ��uns�� a� its awn ��ai�e, �n�l Tru��or v�rill d�li�r�r ❑r ��u�� t� �� ��liv�r�� t� <br /> �.�n��r s��h in�tr�m�nt� an� �#���m�nt�ti�rt a� m a� �e r��u����� ��r L�r�d�r �ra� tirr�� t� ti m� to p�rmit su�h <br /> �art��ipatian. <br /> Appli����ar� €�f N�t�r�G�eds. i�a l� o r a ny p�rt o�th� �r�p�irt� is cond�m n�� t�y�m�r��nt�i�m�ir� �f�����i r��� �r k��r <br /> �ny�r�����in� �r p�r�h��� En 1����f��r��l�rr�r��tian, L�r���r rt-���r�t it� ����ti�r-� r��uir����� �I1 0� any�artio� �f t�e <br /> ne�t pr�����1s a� th� a�rtir�r� be ��p�i�� to the Ind�l���dn�ss ❑r th� repair �r r����r��E�€� �� �h� Pr���rty. Th� r��t <br /> �r�����s ���h� �v+r�r� �h�l� m��n�th� avtir�r�l �#t�r ��yrrti�rrt �f�Il r��sar���I� c�st�f �xp����s r a nd attorn�ys' f��� <br /> incurr�� t�y Tru��ee�r L�nd�r in�o�nection v�ifif�fih� �and�mn�tiar�. <br /> IiI�IP��1Tl�f�1 QF�A�E�r FE�� ,��� �y,�►#��E� BY ��1lEF�NII�ENTAL�IJ�F-1�F��T1��. Th� f�ll�vtiring pravi�ion� rela��r�g <br /> �����r�rr�rt��r�t�i t��c�s, f��s �nd ���r��s�r� a �ar�of tf�i� D��� af Tru�t; <br /> �urr�nt T�x��� F��� ��� �ha���s. ���ri r�q��st t�y L����r� Tr�st�r shal� ��e�ute su�h c�o��rn�r�ts in a�i�i�i�n �� <br /> th is �eed �f 7rU st and ta�� v�r hat���r o�h�r a��i�n is r����st�� b� L�n�l��- t� p�r��ct �r��! ��r�ti��� L�r��i�rFs li�� �n <br /> th� R��! Pr���rty. Tr��t�r sha[1 ���rr���rs� L�r���� f�r �Il t�x�s, �s d���rif��d belovv, to�etl�e�- �ith a�l ��cp�ns�s <br /> ir���rr�� in r���r�in�f p�r���tin� or �ontin�in� this �eed af Trustr inc[�din� �rvi�h��� [imi���i�r� �Il �a���r ���s, <br /> �acurr��n�ar�r��ar�p5r an� �#h�r�h����s��r r���r�iin��r r��i�t�rir��th�is ����i ��T��st� <br /> T�c��. T�� f�l��vwri r�� sC��II ��r�sti�tut� �ax�s to vv�i�f� ��i s s��tior� app I€��: ��[� � �p���fi� t��. u�a�n th i� typ� af <br /> Deed �� T���� �r ��4� �ll �r �r��r p�rt a��h� I n���t�dr��s� s�c ur�� �y t�is a��d �fi rrustr ��] a �pe�ifi c �a� �n <br /> Tru�t�r w�E�l� Tru�t�r i� �utl�ari��� �r req u ir��l �� ded�€c�fro�-n p�ymen�ks �n �h� I r��i��t�r�r���s �����'�cl �y��is t��� <br /> �f ���+� �f Tr�str ��� a tax an tl�is t��� �f ���� �f T��st�l��r���f�l� ���ir��t tl�� L�nder ar the ��l�er�f�1�� f�l���; <br /> an� {�} � sp��i�FEc tax�n all ar ar�y p�r��€�n �f#h�� ln��t�t��in��s �r �n paym�n�� o��riri�ip�l ��d [r�t�r�st rr���i� 1�y <br /> Tr����r. <br /> Sut�����en� ���c��. lf �ny ��� t� �h,i�I� tl�ti� s�c�iar� a��f i�s i� ���ct�� ���s��u�r�� to th� d a�e a�F �his a��d �f <br /> Trus�, �f�is ��r�r�� sf��ll E���r� �I�e sarr�� �����t as an E�ent of ��f�ultr ��� L�r��l�r m�y ���r�is� �ny �r all a� its <br /> a���l a t�le ��m�r�i�s f�r �n Ev�r�� �� ��f�u lt a� �r��i cl��i b�I�v�r ur����s Trust�r �ith�r ��� pay� tl�e ta� b�f�re i� <br /> t��c�rr7�s c��l�r�q��ntr a� {�� �ant�s�s ��� ta�€ as provid�� a�a�e in the T��c�� �r�� Li�n� ���ti�n �r��i d����i�s v�itC� <br /> L�n��r�a s k���� s�ffi�i�nt��r��r�t� ��r�t�r��r�r� �r�tf��r s��urity s�ti sf��t�ry ta L�nd�r. <br /> ���UI�I�'Y �I�I���M�IV7i FINAN�IN� �TATEiVIE�11T�. �h� ��Il�vvin� pr��ri�iar�s ��l�tir�� �� tt�is ���d �� Tru�t as a <br /> s��urit�r��r��rr��r�t�r� a��r��f tf�is ���d ��T��s�t: <br /> ���ur�tr�r A�r��rr��nt. T�i� i��trucr€�r�t �l���l ���s�itut� � Se�€�rity A�reem�nt ta th� e��en� �n� �� t�� Pr���rt�r <br /> GD f15�k�Lf$�5 �EX�Lli"B5� �nd Le�nder sh��l h��r� �ll �f th� ri���s ��� ����r�� ��rty ur�d�r tl�� L�r�i��rrt� ��mrr�er�f�l ��de <br /> a� arx��nd���r�rr�ti��t�t�rn�. <br /> Se���i#y ln��r��t. L���n r������ by L�n��r� Tru�#�r s��ll t�k� v�rl��t�v�r ��ti�r� i� r�quested �y L�nd�r �� p�r���t <br /> �r�d ��r�ti��� L�r�t��r's s�curity int�r�st �n th� ��rsa n�l �r�pe�-ty. I r� �dd i�i�r� �� r�����i r�� th�� ����1 �f Tr�s� i� tl�� <br /> rea� pro��r��r r���rd�r L�n�i�r m�y, �t �ny tim� �r�d �ith�ut furth�r ��ath�ri��t��� fir�rrt Trus�t�rf �ile ����u�ed <br /> ���r��t�rp�r�s� ���i�s t�r r��r�d��fi�ns �f �his ���d o� T�-€.�st a� a finar�cir�� st����n�r�t. Tru�fi�� �I��ll r�irr��a�rs� <br /> Lend�r f�r all ��p�n��� ir���rr�� in ��rf��tir�� �r ��n�inu�r�� thi� s���rity ir���r�st. 4�p�n d�f�u�fir T�-�s��� s��ll n�t <br /> rerry�v�r s�v�r �r ���a�h th�� ��rs�nal �ra�erfi� �Fr�m th� P��p�rty. LJ��n ��#��It, Tr��t�r s��fl �s��rr7�l� �ny <br /> P�r�anal P�r�p�rt� not affix�d t� th�. f�r�p�r`ky En � m�nr��r �n� �t � �at��� r��s�r��t�ly �flnveni�nt to Tru�tar and <br />
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