Laserfiche WebLink
2� 1 ��4714 <br /> �EEL� �� TR�1�T <br /> L��n N�� ��������� ���tl�ir7l.i��} ��g� � <br /> L�n��r �u�� in��rument� arr� �ia�um�n���i�n �� m��r 1�� r��u�st�� k�y L�r�r��r fr�r� time �❑ tim� to p�rmi# ���h <br /> ��rti�i��tr�r�. <br /> Ap�li���i�n�� Net Ar��e��s. [��II �r�r�y��r��f�I�� �r�p��r i� �an��mn�r� ��r�min��t��m�ir� �r�����i��s �r k�y <br /> ��y�r����dir�� �r�ur�h�s� �n li���#c�n��m�a�i�nr ��n�l�r m�y��i�s�1�����r� r�q�ir�tF��t all o�-any��rti�n�f t�� <br /> ��t �r������ af �1�� �vwr�r� }�e a��l��d t� ��� In���ted���� ar th� r�pa�r �r r�s��ra�i�n �f th� Pr����r� TI�� n�t <br /> �r����d� ����� �war� s�al[ m��n �h� ��nr�r�2 �f��r p�ym�nt ���ll r��s�rr��l� ���ts, �x��ns��r and attarn�ys' f��� <br /> in�u rr��[ ��r Trust���r Z�rr�i�r irr ��r,r�������v�ith tE�� ��nde�natia�. <br /> fI1J1P��ITla�11 aF T�4�CESl FFE� AN� �H�R��� �Y ��1�FF�Nl1F[EN��� AL�Tf�-I�F�l�'lF�. The fol��v+�rin� provisi�r�s r�l�tir�� <br /> ta ��v�rr�rr��r�t�[����s, f��s �r�d �l��r��s �r�� p�r�t�f tf�i� D�.���f Tru�t: <br /> ��arr�r��T��c��, F��� �r�c3 �h�r���. �J��r, r��u��t by Le��Ier, T��st�r�h��l �����,t� ����r ��c�m�r��s �r� ���i�ion �� <br /> thi� �eed ��Tru�t an�f ta[�� v�rh�t�v�r��h�r ���i�n i� r�qu��t�� �y L�r���r t� ��rf��t �n� �o�tinu� Lend�r'� li�r� �r� <br /> th� R��[ Pr�p�rty. Trust�r sf��l[ r�irr�b�r�� L�r��f�r ��r a I� tax��, a� d��cri��d ��l��r r t���th,�r �v i�� �I I ��c��r�s�� <br /> in�urr�� in r���rdin�� g�rfe�ting �r ca��i�uin� t[�is E���� �f�Tru�tr in�l��ir�� �i�1��u� lirr�it��ian all ta��s, ���sr <br /> d���r��nt�ry�tam��r ar,d �t�r�r���r��s f�r r���r�i���r r��ist�ring t�€����d af Tr��t. <br /> Taxes, Th� ��ll�wir�� �h�l f �on��it[�t� t���� �� v�r�i�h thi� s�����n ��pli�s� ��]� � s���i�ic tax upa n �hi� ��� �� <br /> ���� ��Tr��� ��- U��r� �ll �r �r�y ��r� �f th� �n�t�bt��n��� ���ur�d by�his a��� �f Tr�str {�} a ����i�i� t��c an <br /> � Tr��t�r v+rhi�� Tru��or i s ���ha riz��t �r r�q�i r��t� �i��u�t fr�� �a�yrn�nt� �rt��� �r����t�d r��ss s��ured f��{�hi��y�� <br /> af L�e�� af Tr�a�t; {�� �����r�tf�is�+p� �f ���� �f Tru�����rg�a1�[� a�ains��h� L�r��l�r�r th� h�l��r�f t�i� Cr��it <br /> A�r��m�nt; an�l {4) � �p��i��c ta�c �n all ar any p�r�i�r� �f th� ln��k����r��ss �r �rt ��yrr��r�ts a� grir��ipa� �n�i <br /> i nt�r��t m��e�ay Tr�s��r. <br /> ���sequer�t Tax�s. If �n� ��� t� �hi�h �his s��ti�n ��pli�� i� �t�act�� su�s��u�nt ta the �at� a� �his a���l �f <br /> Tru�tr thi� �v�r�t sh�ll ���� th� s�rr7� �ff��� as an Eve�t o� aefau[t, an�l L��r��r m�y �x�r�i�� �r�y �r �ll �f it� <br /> avail a bl� remedi�� ���- �n E�r�nt �f a�f���t as �r�v���� b�I�v� un[�ss T�u���r �it[��r �'i� p�ys �h� �a� ����r� it <br /> ta���mes d�lir���a�r�t� �r {�� ��r,t�s�s �t�� t�x �� �r�vi��d a1�a�re in the �a�es an�t �i�ns s��ti�� ar�� ����sit� v�rit� <br /> Ler�d�r�ash�r a�uf�i�i�nt��rporat��ure��h�r��i �r��h�r����rit���tisf����r��� L�ric��r� <br /> S��IJ��IT�f A�F��EI�i ENT; FI NAfl��l N� S�'AT�11l�ENT�. ��� ��I f a�rin� prvvisi�n� r�l a�in� t� tl�is ���d �� Tru�� a� a <br /> ���urity agre�men�are a par-��f this a���1 �f Trust: <br /> ����rity Agreemerrt_ �E�i� i��t�'U me�t �ha Il c�r�s�i�u�� � ���u ri�t}r A�T��m�r�� t� tl�� ��'t�r�t ��� �� ��� Pro��r�y <br /> ��r����tu��s �i�tu r��, �n� L�nc��r��a I� h�v� �l[ �f tt�� rig f�ts �-��s��u��� p�rty und�r�h� �.J nif�r� ��m�n�r�i a f �a�� <br /> �s arr��r�d�d#r�r-r��i r-r�����i rr��. � <br /> ����arit�r [nt�r��t. Up�n r�qu��t by L�n��r, Tru�t�r �h��l t�k� �nrhat���r �c�i�r� F� r�������d �y L�nd�r �� ���-fe�� <br /> �r,� c�rttirt�� L�r�d�r'� s�curi�ty �r���r��� i��€�� p�rs�n�l Fr�p�rty. In ad�it����a r�c�rdin� t[�i� ���d ���r��t�n th� <br /> r��l pr���r�y r���r�sr L�r���r r���rr �� ��r� t[m� �r��1 �ri�h��ut #urth�r auth�ri�a�i�n �r�m Trr����r, fsl� ����Ut��l <br /> c�u���rpart�� ca�i�� �r r��r��u�t�o�s �f thi� a��� �f Trust �� a f�n���in� st�t�rry�nt. Trus�t�r �h��l r�imb�r�� <br /> ��r����f�r all ��c��n��s in�urred ir� ��r����ir�� �r ��r�tir�uir,g this s���ri�r inter���. Up�n d����lt, Tr�st�r �h�jl r��t <br /> rer����� s�v�� �r d�t��F� �t�t� ��r��n�I Pr�p�rty �r�r� th� Pr���rt�r. l�p�n ��fault� T�u��a r �f��l l �s��m bl� �ny <br /> ��r����I P����rty r�at �ffi�ced �a tf�� �rap�rty in a mann�r �n� �t � �I a�� r����r���ly ��r���n i�nt ta Trust�r ��r� <br /> �er�d�r �r��f r��k� i� �vaEl��le t� ��n��r v�itC�ir� thr�� �3� �i�ys �ft�r r���i�at �� �nrri��rt d���r��J frorn Len�l�r t� �he <br /> �xt�r�t permi��d ��r���li���l� I�v,r. <br /> �4�ldre�s��. T�� mai�ing ad�r��s�s ��r �"r����r (d�bt�r} �r��l L�r��i�r �s��ured party} fr�m �rh'r�h Er�f�rma�i�� <br /> ��nc�rr�ir�� tf�� s��c�ri�y �r�t�r�st g r�r,��� l�y t�i� �e�d a�Trus� ma� b� �bt�f n�� {���h �s r���air�d by tl�� �J r��form <br /> ��mm�r�i�l ��c��� �r������t��i �n�h�fir�t�a��� ��this �������'rt�s�. <br /> FI�F�T�IE}� A���F�►��E�i r4TT�RN�Y-IN-FA�T. Th� fa�l�vvi�� �r�v�si�r�s r�la��r�� �� �urth�r ���ur�n��s and <br /> �t��rr��y-i r�-�����r����r��f thi� �������r��t: <br /> F�rkFti�r A�sUr�r��e�. At �ny tirri�� �r�d �r�m #i m�t� �sm�, ���n �eq���t��r ��n�t�r� Tru�t�r�nr i�l rrr���r ��e�u�� �r�� <br /> d�liv�r, �r v�rEll caus�t� �� r���e, ����ut�d ar d�li�r����i� t� �.�t���r�r t� Z�r��l�r'��i�si�n��r �n�i�+rh�n r��u�st�� �� <br /> L�r���r, ��us�t� �� fil�d, r���rd��r r�#i I�d� ar rere��r�i��l, �� �h� �a�� m�y ��, �t s u�h �i m�s �r�� i r� �u ch �ffi��� <br /> �r�� p����s �s L�n��r may c���m ��pr��ri�t�r any ar�d �I[ sts�� rrti�r���.��s f d�ed5 ���r�str ����rity �i���s r ���u rity <br /> ��r��r��rtt�� fis��r�cir�� sta�t�rn�r���r ��r�tin���€�� s�at�m��t�, in��r�m�nt� �f �F�r�h�r ���ur�r,��r ��rtific����r an�i <br /> ��h�r���um�n�s �� mayr in t�,�s�l� apini�r� a�L�r�d�r, �� r�����s�ry�r�I��ir�k�le in�rc��r t� �ff��tu���� ��rn�1�t�r <br /> ��rf��t, ��r��i r,u�, �r �r���r�r� ��[} Tru��t�r'� ��Ci���i�ns un���-tl�� �r���t A�r��m er�t f thi� a��� ��Tru�t f �n� th� <br /> R�[�t�� ���um�nt�, �r�� ��� tlne ]i�n� �r�d ���urit� irrt�r�s�� cr�at��t �y �his ���� �f 7r��� �� �th� �'rap�rtyr <br /> v�rhe��t�r n��,r��n�� �r I��r��f��r��quir��i �y Tru���r. �1nI���pr�f�ibit�� �y lav�r�r L�nd�r��r���t� tl�� ��r�t���y�r� <br /> v�rri�in�� Tru���r s1�a[] r��m k����� �.�n�[�r t�r af� ��sts �r�c� �������s ir��urr�d i� ��r�r����i�n with �h� rr��tt�rs ��#�r��d <br /> �� 3 r�tl�i� ��r��ra�F�. <br /> Att���ey-zn-Fa�t. If Tr�st�r f�i[� t� �� an� ���h��hin�s r�f�rr��l t� irt tl�� �a�����ir�g p�r�gr��[�r L�r�d�r ma�r �� �a <br /> f�r ar,d ir�tl�� r��t�� ���ru��k�r ��d �t Tru�t�r's e�p�ns�. ��r �u�h pur����sr Trustor h�r�k�y irr�v���bl� ap��i�ts <br /> L����r���r�a���r'�att�rn��r-i n-�a�t far th� �ur�a���f m af�i r��, ��e�utir��� ��li���i n�r #i I�r�g� r���rc�in�r ���€ ��in� al l <br /> �th�r �hi�r�s �� rr��� �� n���s��r� �r �i��€r��l�� ir� L�n���'� s�l� ��ini�nr �� a���mplish t�� matt�rs r���rr�d t� irt <br /> t��pr����in� para�r�ph. <br /> F[JLL �EF�F�F�[1JlAN�E. I�Ti ru���r���rs�II�t�� [r,��E�t��r��s��rvh�n �u�r��ff'Yl[ri�t���f'1� ����I�I2f�� ��G�l]��� �rr��tl��rwis� <br /> �a�rf�rm� al[tlne o�li��ti�n� im�a��d u��� Trust�r t�n��r�i�i� a��r� �f Tr�st, �����r���11 ���cu�e�n� ��li�r�r-��Ti ru���� <br /> � r��u�st f�r �F�s[l rec�nv�y�r�ce �n� s��l� ��€ecut� an� �t�live� t� Tr��t�r suita�le st�t�m�nt� �� ���fi7lfl��l�fi a� �ny <br /> fin�rt��r�� stat�m�r�t �n fi I� �vi��n�i ng L�nd�r'� s��u�it�r E r���r�st i r, t�r� F��rrts a r�d �f�� ��rs�r,�l �r����ty_ �ny <br /> r�������{�r�������-�q ui r�� by la�nr��a ll be pai d by Trust�rr if�erm i#-���1 �y���I i��1�[� I aw. <br /> EVENT� �F �EFA�J LT. Tr�st�r�ill �� ir� ��#�U I�ur��er t�is D��d �#Ti�-�st i�F any of th�� fo�l��rv i�� h����n: (A� Tr��t�r <br /> ��m mits �ra ud or m a��s a m�t�rial misr��r�s�r����i�rt �t �ny �im� in ��n r���ti�n �+v ith ��� �r�dit A�r��r,��r,t. T�i� ��n <br /> inclr���� ��r ���mpl�r � fal�� �t�t�m�r�t a��ut T�t�s��r's ir���tYt�, ��s�ts, liaC�i[i�i�s{ �r ���{ �th�r �sp��ts �f Tru��ar's <br /> �i��nci�l ��rt�iti�r�. {g� �rUst�r �1��� nat meet th� �-epaym�n���rm� ���h� �r��li���r��m�nt. ��� Tru���r's acti�r� �r <br /> i����i�r, ��l�r�rs�[y �fif��t� th� ��lla��r�� �r L�rrd�r's ri�ht� ir, tl�� ��ll�t�r�l. T�i� ��r� in�lU�J�� fvr ��cam}���� faflure �o <br /> . rr��trt��tr� r�qUir�d �r��ur�rr c�� wv�st� �r�i�sfiru��iv�use ����� �r�r�I[i r��, f�il�r��� p��r t���s r ���th�f��1 ��rs�n� l��b�� �� <br /> th� �����n�, �ra r�sf�r �f �itl� �r ��I� �� the �v�r�ll�n�r �r��ti arr �f � s�r�i�r I i�rr �n tl�� ��rv�llir�g �nri����� L�r�d�r's <br /> ��rmi�si�n,f�r��l��ur���r�����Jc��r�f�r���l��r li��r�r th� u����f�sr�ds �r�he du�r�llin�f�r�r�hfl���k��i��r��s��. . <br /> F�I��T� �IN� R�[�liE�lE� �N ��FA�LTi. [f�t� �v�nt�fi���f�ult���urs ur��er��i� ���d �f Trust, a��r�y tim��hereaf��r� <br /> Tru�t���r L�nd�r m�y���r�is��ny�ne or m�re������r�l��vtirin� ri�ht� �nr� r�m��l��s: � <br /> ����l�rati�n U�an ���€��l�t�A�I�lit3�rr�[R�m�di�s. [f�r�y�v�r���f��f�u��t�ccur��� ��r tF����rm��f�h� �r��i� <br /> A�r��m�r�t���ur�d h�reby, Len�l�r m�y���I�re �ll ln���t��in��� ����r��i f�y thi� ���d ��T����t� �� �ue �n� <br /> �aya�l� a n� t�i� sam� ��al� tf��r�up�r, b���rr�� �u� �rr� p�y�1�[� v�rsth�ut�r�y �r�s�r�tm�r�t, ��rrti���2r �Sr�t����r <br /> ri�ti�������k�r�d. T�ere�fter, L�ri�er rr��y: <br /> {�� Eit[��r in ��r��rr �r by �g�rrtr v�r�tl� �r v�ritl��t�t �rir��ir�� �n� ��ti�r� �r pr�G�e�ingr �r by � r���s��r <br /> ��p�int�� 1�y� ���rt ��� �r�rith�ut r���r�i t��kh� �c[��ua�y ��its ���uri�rf �nt�r ���n �n� t�l�� p�s���si�r, <br /> �f��� �rap�rty, �r�r��r p�rt th�r�af� ir� its ��rr� ��m� �r ir�tl�� r��r�,� ��Tru���er �r�� �� ��� ��t� v�rhi�h it <br />