2� 1 ��4932
<br /> M�EEI� �F TR�J��
<br /> L��r� IV�� �7�7�!$�� ���1���l�u��� ���� �
<br /> L�n��r that i� n�t r�m�dr�d v�ritl�ir� �ny �r��� ���[�CI �r�lf]�I��I �El�l'�C�'lr �n�]�a�fin� v�rith�u� lirnita�i�n �ny ��r��r��r�t
<br /> ��r���rr�ir�� �r�y i r�d�����n��s �r�th�r�E�I€��ta�r��f Tru�tar�a L�r�d��, v�r h�t}���'��i stir�� r��v�r�r I a��r.
<br /> E�r�rrt�Aff��tir�g ��a�r�r�t�r. Ar�y p��h� pr����in� �v�nts ���ur� v�rith r��p�ct to an�r �u��rar�t�r, �r���r$�rf s�r��y,
<br /> �r ����m m�d�t��n p�rty �f any �f ��� I r,d�����n�s� �r �r�y ���r�nt�rr �n��r��r, �u r��yr �� a��arnm ad�ti�r� ��rt�
<br /> �i�� �r ����m�� in��mp�t�nt� �r r�v�l��� ar dEs�ut�� th� �r�lidr� �fit �r ]i����ity �r���r, any ���ranty �f the
<br /> �n�ebt��n���.
<br /> �►�u�r�� �han��. A m���ri�l ad�r�r�� ���r��e ���urs in Yru�t�r'� finan�ia� �an�iti�n, �r L�n��r ��li��re� tl��
<br /> p r������k�f���rm�nt Qr��r��rm�n���f th� �n��b���n��s is �m��ir��l.
<br /> �ns��urr�y. L�r�d�r ir����d f�ith b�[i�v�s i�s�l�ins��ur�.
<br /> f�1�HT� �{V� F�E�1F��E� ��i �EFAL��T. [��� Ev����f �����It����r� ur����this ���d �f Tr��t, �t�n�tim�tl��r��i��r�
<br /> Tru�t���r��n��r��y��€�r�i�� �n�r�n��r m�r� ��th�fi�lla�vir,g ri��its ar�d r�m�di�s:
<br /> A���i�r�ti�n �l p�r� a�f�ult: Ad�fi�i�n�l ��rr��e����. I f �ny Ev�nt�f �����It���ur� a�� p�r #h� ��rm� �f th� I��t�
<br /> ���ur�� h�r��y� L�n�e�r�t��r���I�r� �ll �r����t�dn�s� s��ur�� by�h�� b��� ��F�rr���t t� b� d�� ��d p��r��l� �r��
<br /> th�s�m��h��I�h�r�tt��r, ����rr�� �u� �n� �aya�a[� vv it[����a ny pr�s�ntm�rrtr d�rrt�r��� pr�t���vr r��ti���#a n�
<br /> I�in�l. Th�r��ft�rf L�nr��r��y:
<br /> ��� �ith�r ir� p�rs�r� �r �y ���n�� vvi�h �r v�rith��� �rin�in� any ��ti�n �r �r����dir,g� �� k�y � r�c�i��r
<br /> �pp�i r���� �y a ���rt an� w it[���t r��a�rd t�th� �d��u���r�f its ����ri�rr �n��r �p�n a nc� tak� p�s��ssi�r�
<br /> �f th� Prap�rtyr �r an�r�ar�tF��r��f� ir� it� �v�rn ��m� ��in the n�rrt� �f Tru�t��� �r,d da �r�y���s �r�i�h ��
<br /> ���m s r����S��r�v r���[r�b��t� pr���r�� th� va f u�r rn�r[��ta�i�it��r r�r�t��ilit�r ���h� �r�p�rt�r, �r p�rt�f
<br /> th� Pr�p�rty �r i�t�r�st ir, ��� �r���r�t�� i��r��$� �h� in��m� �r�m th� �r�p�r�y ar �r�t��t�Ft� s��uri�y��
<br /> tl�� �r���rtyr �n�{ v�rith �r �nri�h�u# t�I�in� p�s���si�n af tl�� Pr���rty, �u� f�r �r ��l��r�rv i�� c�l���t th�
<br /> r�nt�r issu�� ��d �r�fit� �f t�� Pr����y� i��Cudi�� th�s� ���t ��� �n� �np�id� an� �p�ly tE�� ��rrt�, [��s
<br /> c�sts �ri� �������s �f�p�r�ti�n a nai ��I���ti a n ��t�rn��rs' f��s�t� �n�r ir��i���k�d r����s��u r�d �y thi s D���
<br /> �f Trustr a11 in su�h �rd�r �� L�r�d�r rrti�y ��t�rrrii��. Th� �nt�rin� ���n an� �akir�� p����ssi�r� �� t��
<br /> Pr���r�r� t�� ��ll�cti�n a� s�Gh r�nt�r i����� an� �r�fit�, �n� th� a�pli��ti�rr tf�er��� �h�[1 n�t ��r� �r
<br /> ��i�� �ny �i�f�ult�r ��ti�� �f d�f�u[t un��r thi� I����i �#�'rus��r �nv�li�1��� �r�y ��t d�n� in ��sp�n�� �t�
<br /> �uch� d�fau[t�r pursu�r�t�� �u�f� n�ti�� a������alt; �n�f f r�atwithstan�in�t[�� ��r��ir,u�r��� ir� �����s�i�n ��r
<br /> th� �r���r�y �r th� ��ll��t��r�r r����pt an� a��l���ti�r, �f r�nts, i�s��s �r �r��i�sr Tr��t�� �r ��rr��r �i���l
<br /> �� �ntit���i t� ���rcis� �v�ry ri�C�t pr�vi��� ��r ir�th� �l�t� ar th� R�I�t�d ���um�r��r� �r �� ��u�r �p�n t��
<br /> ����rr�n���f�ny�v�r,��f�����It, ir��ludi��th��i�Y�t t���€�r�i��t�� ��v��r��sal�i
<br /> �b) ��mm�r��� �n ��t3�n ta ��r��[�s�tl�is ���d ���ru�� �s � rr��rt����, ap���nt� t���iv���r s��ci�Fic�[1�
<br /> �r�������r�y��th��Qv�n�n�� h�r��fr �n�f
<br /> {�� a�liv�r t�Tru�t�� a w rit��r����I ar�ti�r��f��f��[���� ��man� f�r s�le an� a�rv ritt�� r��ti���f d��a ult
<br /> �r��l ��e�ti�n�� �����7"r�st�r'� int�r��t in th� Pr���rty t� ��s�ld, v�r]�E�1� r�ati��Tr��������fl ��u���� b�
<br /> �ful�r�i��d f�r r����� in th� ���r��riat� ��ri��� �f t}�� ��un�y in�rhi�h�h� Pr�p�rty Es ����t�€�� �r,d
<br /> �ai) 1�1lith r��p��t t� a[1 �r�r,y p�rt af th� P�r��r��l �r����y� L�n�l�r�h�li h��r� �fl th� ri�f�t� �r�d f�m��i�s
<br /> �fr���cure� ��rty�n��r tC�� l��l�raska l��if�rr� ��mm�r���l ���f�.
<br /> F�r��l��ur� �y P��nr�r�f����. I f L�r�d�r�I���s�� fQr��l��e ��ex���i���f tl�� P�v��r����I� I��r�i r�car�t�in��f
<br /> ��n��r �#��I1 n�ti�y�ru���� an� �h�jl d��a�it wit�i Trust��tl�is ���� �f Tru�� �n� �h� l��t� ana� �u�f� r���i�ts
<br /> an���ri��rt���f e���r��ii�ure� rr�����n�s��ur�� ��r�f�i� D��� ��Tr�st��Tru���� m�y r��ui r�.
<br /> {�� l�p�n r���ipt a�su�� r��tt�� fr�rr� Z�r���rf Trus��� �h�lf �����t� �� r���r��d, p��li�h�� art� d�[i��r�d
<br /> t� T��st��s�ch N�ti�� �f �����I� an� h��ti�� �f �a[� ��th,�n r�q�ir�� ��r I a�+r �r�d f�y th�s ���� o�Tr��t,
<br /> Tr�st�� sh�ll, v�ith�ut +��man� �r, Trust�r, �ft�� �u�h tirr3� �� �ay tf��n �� re�r�ir�� �ay ���rv �n� �ft�r
<br /> �������t��r� �f su�h �l��ic� �f ����ult anai a�t�r �l�ti�� �� �af� h�vin� ���r, �i��r, �� r�quir�d b�r [��nr, s�l�
<br /> ��� �'r���rty at th� �im� and �la�� �f s�l� fi��� ��r it �r� s��h IV�ti�� �f ��f�r �ith�r �� � �rtirh�l�f ar in
<br /> ����r�t� [�ts �r�a r���� �r it�m� ��Tr�st��shai I d��m ��p�d i��tr �r�d i r, �u�E� �rd�r�� i�m�y d���rm irt�r
<br /> �t p�bli� a�a�ti�n t� �h� h�i�h��t �i�d�r f�r���F� ir� [�w�ul maney�f�}�� �ni��r� �t���� �aya��� �t th�tim�
<br /> �f sal�. Trr�st�� �f��l! d��iv�r �Q s��h pr�r��as�r �r p�rcha�ers th�r��f i�� g��d �r�� su�i�i�r�t d��� �r
<br /> ����� ��n��y�n� th� p r�p��t�r �� ��1dI bu� �rith�ut ar��+ ��v�r��r�t �r �r�rr�ntyr ��pr��� �r i r��1 i�d. Th�
<br /> ���it�fs ir� ���f� d��d �f �t�� rrt�tt�r� �r ���ts sh�lf �� ��n�l��iv� �r��� �f th� truthfu�r��ss ther��f. Ar�y
<br /> ��rs�nr i n�Cu�in� �rtir i�tFr��t I i m�t�ti�n�r��t�rr Tr�a�t��, �r��rr�er� rr,�y��r�f�����t�u�h��]�.
<br /> ��} A� may �� ��rm itt��i �y l�v�r aft�r ded ucti ng a[1 c�s��r �r��s an� ��cp�r,��s �f Trust�� �r��1 �t th�is
<br /> T�-u�tr in�ludin� ����� ����i��n�� �f title in ��r�n��ti�n �itF�s�l�,Tru�������[] ap�Iy t�r��r�����is ����I�
<br /> t� �aym ent�f �i] �I[sums �xp�r�d�� un�t�r the t�rr���f�hi� ���� ��Tru�t�r�nd�r t��t�rr�s�f tt�� �[�t�
<br /> r��t fih�n r�paidr i��[�di n� ��t n�-t I imr�ed t� �c�ru�d i r,t�r��� ar�d I�t� �f��r�esr �Ei} a�l �-�f��r ��,m� �h�n
<br /> ���u r��i he r��y, a r�� ��i i} t��r�r�ry�ir�der, i��n�, t��h���r��n�r p�r��r�s��g�I[�r�r�titl��i tt��r�t�.
<br /> ��� �rr�s��e m�y i�t�� m�r�r��r�r��i�l�d by la�v }�o���an���1��f�ll �r a ny p�rti�n��th� ��'���rt��
<br /> F�emedia� IVat E�ccIu�iv�. Tr�s��� a r�d ��rr�fer f �r�d ���1� �f tl�ert�r shaEl ?�� �r�titf�� �� en#�r�� ���rm�r�� �r��i
<br /> p�r-F�rr��n�� �f�n�i r��i�1�t��lr��ss �r o�lig�tia n� ���r�r�� b�thi� E���t� ��Trust�r�d t� �x�r�i�� a[] ri��ts�nd p��rv�rs
<br /> un��r �his ���� ��Trr���� �r���r �h� f��t�I un��r ��� ��tf�� �el���d �o��m�r,t�r or un�i�r an�r �th�r a�r��m�nt �r
<br /> �r�y I�v�� r���r �� h�r���t�r in f�r��i natv�ri�h�t�n�in�, ��rr�� �r ali �f�u�h ir�d�f�t��r���� �r��{ �f�li��ifii�ns �e�ured by
<br /> �h�s ���� ��Tr��t m a�r �ov�r �r h�r�a�t�r �� �tY����rtir is� s���re�� wh��her b� m�rk����r ����[ �f��u�tr �l�d��r �i�r��
<br /> �s����r��r�t �r ��h�rv,ri��. �l�i�h�r �h� �����t���e �f �hi� ����t �� �r�st r,�r its �r���r��m�r��, �rhet�r�r �� ��ur-�
<br /> ��ti�n �� p�r��ant t� t�� ���nr�r �f���� �r �th�r �avtir�rs cor��ain�� `rn �hi� �e�c� �f�r���, �h�l] �r�ju�li�� or ir� �r�y
<br /> m�r�r��r �f����Trust��'� ar L�n��r's rfgh� �� r��l i�� �,p�n �r �nf�r�� a r��r �t��r s��uritr� r��w �� ��reafter F�el d b�r
<br /> Yru�����r��n��rr it I�eir�� a�r���th�t Tru�t�� �r�d Z�r���r, �r�d ���h���herr�f sh�lt �� en�i�1���� �nf�r��thi� ���d
<br /> �f Tru�t �r�� �r�y �tl��r �e��rity ���r �r h�r�a�k�r h�t� �y ��n��r �r T�-�rst�� rn su�h �r��r �r�d �,�nn�r a� the� ar
<br /> �i�h�r ❑f �h�m m�y in ���ir �l���lut� �i��r�ti�r� �f�t�rr�iri�. N� r�m�dy �an��rr�� u�an �r r�s�rv�� t� Tr�s�e� �r
<br /> Ler���r f i� ir�t�r��I��l t� �� e��1 u�ive �f any atF��r r�m��€� in t�i� ����[ �f Tr����r 1�y 1�v� �r�vid�� �r ��rrr,i���r but
<br /> �a�h �h�ll �� ��,m�l�tiv� �nc� �I��I[ b� in ���iti�rt t� �v�r�r �tYt�r r�rrr��ty �iv�n in thi� ���� �f Tr��� �r n��nr �r
<br /> ��r��ft�r�xi�ti r�� ��[�w �r i n eq�ity�r�y�t�tut�_ �v�ry��,nr�r�r r�rr���f�r�iv�n by t�� N�t��r a�r��r�f�h� R�Cat�d
<br /> ao��rn�r��s �� Tr�st�� �r Len��r �r t� v�r hi c�i eit�i�r �� tl��m rr��y �� atf�ervtiris� entit�e�� m�y b� ���«i���r
<br /> ��t��urr�r�t[y �r ir�����nd�ntly, #ram �Fme ta time ar�d �� �ft�n �s ma�r b� d��rr��d e�cp��fi�r�t k��Trus��� �r Len�l�rr
<br /> an�i ei�h�r �f �h�m m ay ��rsu� i��arrs[st�r�t r�rr���i i��. f�f��f���g i r� this d��d �� Tru�� sh�ll �� ��n��r���l a�
<br /> �r�h�if�i�ir�� ��r�d�r�r�rr� s��l�ir�� a d��i�i�n�y judgm�rr�a�ain�t���Tru���r t��h���t�r�t�u�h ��ti�t� i� ��r�~,i���l ��r
<br /> ��v�. Ele��i�n �y L�nd�r f� �ur�u� �ny �����y �h�fl ��t e�c�lu�f� �ur�uit �f �r�y �tf�er r�rn��yr �nd an �lec�i�n t❑
<br /> r���e ����n�itures �r t� tal�� �ct��r� �a ��rf�rrr� �n abli�a��on af Tru�t�r �,n��r�his ���� �f �r�str after Trt�st�r's
<br /> f�i I�r�t� per�o rm, �1�a�1 �r at aff�c�Len�l�rr� ri�ht�� �1����r� ��[�f�ul��t�d ���r'�is�i�s ��r�t���lie�.
<br /> R�q������r N��i��. Tr�st�rr �n b�l�a�f�f Tru��ar�n�i L.�n��r� h�r��y r��u��t�tha�a ca���f�r�� N�ti�� a������[t
<br /> an�i � �����-F��� IV��i�� ����I� ur�d�r ti�is a��� �f Trust �� r��il�d ta tf�em at tf�����r����� s�t fort� irt���first
<br /> ��r��r��l��f t�is ���d �f Trust.
<br /> ��arne�rs' F���: E���n���, If Len��r i r����tut�� �r��r �ui� �r a�tia n ta en��rc� a ny �� tf�� t�rm� af �his a��d �f
<br /> Tr�str L�r���r s�a[1 b� �r�titl�� t� r�cav�r�u�h su m �s�h� ���rt m�y��j��[�� r����r��l��� �s �tt�rn��s" �e�s a��ri��
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