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201608706
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Last modified
7/28/2017 1:17:19 PM
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12/27/2016 8:52:33 AM
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2� 1 ��87�� <br /> �E�� �F TRI��T <br /> L��r� N�: ���1�41� ���[ltii�u��} �a�� � <br /> Trust�r. <br /> �ub���u�nt Tax��. C� any ��x t� wl�i�E� �hE� ���#��n �ppli�� i� ena��ted su����u�r�t #� t�i� dat� �f �his I���� �f <br /> Tru�t, tl�i� �v��t sha[I h��� th� ��m� ����t �s an Event of D�f�ult� �r�d L�n��r r7r��y ���r�i�� �n� or �1� �f it� <br /> �vai�abl� rem��i�s ��r �� �v�n� �f [��fa�[� �� pr�vided b�l�w �,r�l��� Tr�st�r �itl��r {'1� �a�r� #h� �a� ����r� i� <br /> ����rn�s �i�l irt�u�ntr �r (�} �Qn����� th�t�� as pr�vi��� aE��v� i n tE��Ta��� a n� Li�r�� ��ctfa r, �r�€� �����its v�E�h <br /> ��r�der�a���r��uffi�i��t��r��r�t�s�tr�ty��n��r��h�r����sri�y��ti�f��t�ry t� L�n�i�r. <br /> �E�!lI�ITY A�I�E�M EN�; FI NAN�I N� S�AT�C�1 EN��. Tf�� fal��win� pr�va�i�n� r�l�tin� �� �hi� ����1 0� T�ust �s � <br /> �e�u���y��r��m�n�a�re a p�rt�f th�s L�����f 3rra�t: <br /> ���uri�y A����m�nt. ThE� in��rum�n� �h�El can�tit��� � ����rity A�r��r��nt t� '�h� �xt�r�t an�r af th� �ro��rty <br /> ����t������ fi�ture�� an�l L��d�r�h��li h�v� �i� ��th� r��ht� Qf� ���ur�� p�r�t� u r���r th� L!t�i#�rm �ornm�r�i�l ���� <br /> a��rrr�r����l�r�m tkm�t��im�. <br /> ����ri�y lnt�r�st. lJ��r� r�q���t f�y L���terr Tr����r s��l� �ake wC��t�v�r a�ti�n is r�qu�st��3 l�y L�r�d�r t� ��r���� <br /> �r�d ��ntinra� l��n��rrs �ecurit�r i���r�st i r� th�� R��t� anal ��rs�nal �r���rty. I� �d�i�i�n �� �e�a r�i r�� �l�is ����i �f <br /> Tru�� ir� tl�� r��I �r���rt�r ����r�s, ��nd�r m a�r, at a��r �tirr�� �r�d �,rit���� furtf��r ��tk��ri���i�n fr�r�-� �r�st�rr �i�� <br /> �����t�� �Q�r�t�rpart�r ���i�s �r r��rad��ti�n� �f thi� ���� �f Tt�s� �� a �ina n�i ng �t�t�m��t_ Trust�r �}��I� <br /> r��rr��ur�� ��n�l�r f�r �ll ��pense� in�urre� �n ��rf���i�� �r ��ntinui�� �[�i� s��urity ir�����st. �p�n ��f$u��, Trustar <br /> �ha�l ��t r�rr��v�I ���r�r ar d�ta�h �h� ��r��n�l �tap�rty �rom t�� �ro��rty. L���r� d�����t, Tru�t�r �h���l ��s��nb�� <br /> �n� P�r��na� �r�perty nat a�r�r«c�� ��th� Pr���r� in � m�n��r �n�l �t� pl��� �������bly�on��ni�nt t�Tru�t�r �r�d <br /> L�r,d�r �r�� m��� i� �v�i[aial� t� L�nr��r withi�thr�� {�} d�ys �ft�r r���i�t �f v�rri��n d�ir,ar,d fr�m L�nder�� th� <br /> ����n�permit��d f��r���[i��l�l� lav�. <br /> ���r����. �"h� r�n�i[ir�� ��dr����� �f �r��t�r (���t�r} and L�ndet ��e�u��� ��rty) fr�� wh,i��, ir�f�rt-r��ti��r <br /> �����rr�ir�� �he �ecuri�y int�r�st grant�� �y tl��� ���d af Trt��t rn�y �� ����in��i ����� �s r��uir�d t�y t�� �nif�rm <br /> ��rrirr��r�ial �ad�) �r����t�t��l��t�t�firs�������this a��d of Tru�t, <br /> ��JF�T�IEk� �4�SUF�AN�ES� ATT�1�l��Y-lE�-�A�T. Tf�� ��Il�wi�� �r��r��E�n� r�l�t�ng t� f�r�h�r a����r��n��s �n� <br /> �tt�rrt�y-in-f����r� a part���his ���d ��r Tr���: <br /> Fur�h�r�s�ura����. A��r��r time� a�� fra m time t�ti rt��, ���r� r��u��t�f L�r�d��r� T���t�r vwri[I rr-i�E��f e����t� �n� <br /> ��liv�r� �r wi[I �����t� k�� m���r �����t�� �r d�liv�r��f,t� ��nd�r��-�a Lend�r`��e�igr�eer a�nc� wh�n r��u��ted ��r <br /> L�n��rr �aus� ta b� #i l�c�{ r���rd�dr r��iE��, �r r�r���rd�d� �� t�� ���� m�� ��r �t �ra�l� tim�� �n� an s�r�f� �ff���s <br /> �r�� �[a��� �� L�t��fer m�y�l��m ��pr��ri�t�, �n�r ��r€i ai! s��h mortg a�e�� �eeds �f tru��, se��rity d���i�r ���u�i�y <br /> ��r��men�t�f fi r�an�ing ���t�r�r�r�t�� ���ti r�u�ti�r� ��a��m���s� in��rum�nt� �f ���t��r �s�r�rar���! ��r��fi�at�sr �n�i <br /> �tl��r d��um�r��s�� m�y, in�h��s�i� �pinian ��r Len�i�r� b� n������ry�r��sir��l� �n�r�f�r t� �ff��tu�t�, ��r��l�t�, <br /> ��rf��tr ���tir,u�� �� p����r�r� {'�} �r�st�r'� ��[i�at��n� un��� �h� N�t�r thas I���d �f Tr+�s�r �rr� th� Ft�1a��� <br /> ���um�r��sr �r�� {�� t�� �i��s �r�d se�uri�r Ent�r��t� �r����d ��r tF�i� ���� �f Trust as f�r��an� �ri�r !i��s �n �h� <br /> �r�p�r�yr �rh�tl�ef n�v�r �v�rn�� �r h�r�aft�r a���ir�d ]�y Tr+��t�r. �nl��� pr��i�i��r� b� I��r Qr L�n��r ��r��s�v �h� <br /> ��ntrar�r in �+rrit�n�r Tr����r ���ll r�im�ur�� L�r���r f�r aI� ����s ��� ��cp����� incurr�d ir� ��nr���ti�n v�itl� th� <br /> ���t�r�r�f�rr�d t� En�his p�r��ra�h. <br /> Att�rn�y-�n-Fa�. ��Tr����r�F�il�t� �� �r�����1���I�ir��� r�f�rr�d t� ir�tl�� �re���lir�� ��r��ra��h� L�r��1�r rt���r �� �� <br /> f�r �n�f in �E�� r�am� a�Tr��t�r�n� �t Trust�r'� ��cp�n��. F�r���h p�€�p����r Trust�r ��re�� irr�v��a��y �pp�E��s <br /> ��n�l�r�s Tr����r's ����r���-�r�-���t f�r tk�� �ur������r��l��n�r ����t�tir,�� d�li�r�rir��, #i]ir��I r���rdrn�I �r�� d�ir�� �ll <br /> ot��r thin�� as m��r �� n����sary or ����r�bl�f in I��n��r'� ��1� �p�niQnr #� ����mpli�h th� r�-����r� r���rr�� �� in <br /> th� pr���drr�� p��a�raph. <br /> FULL �ERF�F��IAN�E. 1� Tr����r �a�� �i� th� In��f�t�dn�s� wh�rr ���� �n� �th�rwi$� ��rF�rr�s ��! th� �bli��ti�n� <br /> irn����� u��r� Tr�t�t�r �r�d�r t�is ���d �f Tru��� ��nd�r sh�fl ��cecute �n� d�[iv�r t� iru�t�� a reqU�st f�r full <br /> r���n�e����� an� s��]E��€e�ut�an� ��li�r�r t�Tru�st�r s+���abl�st�t�m�n�� �f��rrr�����i�n �f�ny f�n���i�� �ta��rr��nt Qn <br /> fil��vid�n�in� L����r's se�uri�y i�t�r��t ir�th� ��nts ���th� �����na[ P��p�rty. Any r���r�v�yan��f�� r��uir�� by[aw <br /> �h��l b�p�i�l b�Tr��t�rf if p�rr�i��� �y�p�[ic��l� I�w. <br /> �1�ENT� �F D�FA�J L�. E��h �f tl�� f�[I�v�i r�g, �t L�nd�r'� ��ti�n, �hal[ ��n��itut� �n E�r��t �� ��f�u[t un��r thi� ���� <br /> ��Trus�; <br /> ���rm�r�t D�f��lt. Tru�t�r f�il�t� m�l��ar��p�ym�nt w[��n d��ur�d�r th� Ir�d��t��n���. <br /> �th�r D�fa�lts. �rr�s��r f��ls t� ��mply vtiritk� �r t� p�r�orm any �ti��r ��rmr �bl���ti��r ��v�nant �r c�nditi�r� <br /> ��r��air���l �r� thi� ���d �f Tru�t �r �n �r��r ��F ��� R���t�d a��um�r�ts �r t� ��rn�ly vtirith �� t� p�rf�rm ar�� �t�rmf <br /> ��lig�ti�nr ��v�n�r���r��nditi�n��nt�in�€f in ar�y�th�r a�r��m�r����t�r��n L�n�l�r�nd Trust�r. <br /> ��r�pliar��� ��fauit� F�ilur� �� ��mply v�rit� ar��r �th�r ��rmr �b�i�ati�n, ��v�r�ant �r ��nditi�r� ��n#�in�d i� -th�� <br /> �����f Tr�s�f tl��N���p r�r��r��r��tf�e R�I�t�� ��cu rrti�r�t�. <br /> ��faul��n�th�r��yr��n�� F�il�re�f Tru���r v�ritl�i r�th�tim���q�ired by this ���d �f�r��t t� m�l�� any pay�n�r�� <br /> ��r���c���r insuranG�r �r�ny�th�r p�ym�nt n����s2tr�,�t� �r�v�r�t�ilir�� ���r t� �ff����li��l�2trg��f�ny li�r�. <br /> ��f��t�t ir� F��r�r �f Thir� ��rti�s. �h��t[� �r��t�t de��u�t und�r an�r I���r ��t�nsi�r� �� �re�i�r ����rity �gr��m�nt, <br /> p�r�ha�� ��r s���� agr��m�ntf Qr�r�y�t��r a�r��m�ntr in ��v�r�f ���r�th���r���t�r�r ��rs�n th�t rr��� rr��t�ri�ll�r <br /> ��fr���t �ny �f �r�r�t�r'� pr���r�t�r �r ��r��t�r's a�i[ity t� r�p��r th� 1�d��t��n��s a� �r��rt�r'� abifit� t� ��rfarr� <br /> �r�nx��'s�l�li��ta�ns �n�i�r thi� ���� ��Y�u�t�r an�r��th� F����t�� C����rn�r�ts. <br /> F�ls� ��-t�rrti�rrt�. �1r��r v��rr�r�ty� r��r���r�t�ti�r� ❑r sfiat�rr��nt rr��d� �r furni�h�d �� L�r�d�r �O� Tr�t��t�r �r �r� <br /> Tr��t�r'� ��t�alf u����th�� ���d �f�r��t�r th� ��lat�d D���m�n�� i� fa[�� �r rni�l��dir�� in ��ty m a�eri�] r��p��t� <br /> �itl��r r��vw�r�t tl��tim�rri�d��r furt�i�l��d�r����r�-��s ir�l���r mi�1���fing a�ar�y tim�t�t�r���Tt�r. <br /> ��f����r� ��[I�t�r�lization. Thi� ���� a� T�r��t ar �r�y �� th� R�lat�� ���um�nt� ��a��� t� f�� En ���I f�r�� �r�d <br /> �ff��t {i��i��in� f�i��r� �f �ny ��ll���r�� c�������t t� �r���� � ��lid �r�� ��r���t��[ ��curity ir���r��� �r 1i�r�� �t �r�y <br /> ti���n�f�r an���as�r�. <br /> ���ti� Qr �n��[u�n�y. Th����a�h�f Tr��t�rr L�,�.r II+L��IV��I{�i���T�����Cr�I�� �����r��rrt�r�t�f� r���iv�r f�r�r�� ��rt�f <br /> Ti rust�f's �r���rtyr ar�y ���i�nm�nt �r�r th� b�n���t �� �r�dit�rs, �nY �YR� �� �r��i��r v�r�rk��t� �r th� <br /> ��mm�r���m�rrt�f�ny�r�G���in� u�r�I�r�ny���r[€ru�t�y�r irt��lv���y l��r�r� b��r���ir��t Tru�t�r. <br /> �r�����r �r F�rf�it��� Pr����dir�g�. ��rr�r�r�r���rr��nt �f far��l�sur� �� f�r��itur� pr�����i���, �nrh�th�r �y j u���i al <br /> �r��e�dir��, ��[#-��i�r �'���������Q��r�n��th�r m��h��l, �y�r�y�r��i��r�f Tru�#�r��E��r�riy�����r�rr�er�t�C a��r��y <br /> ��a�n�t a�y ���p�rty s��urin� th� ln��bt��r�ess. This in�lU��s a �arnEshm�r�� �� ��y �f Tru�tor's a����nt�r <br /> in�l�,�Er�� �i���si� �����a��s� �rv i��r L����r. H�w�v�r, tt��� ��r�r�t �� a�f�ult sh�IE r��t �ppl�r if th�r� i� � ���d �r�itFt <br /> �is�ute ��Tr��t�r �s �a t�� val i�ity ar t����nab��n��� ��tl�� �I aim v�rh��h i� t�� ���i� ��th� �r��it�r �r�Q���i�r�r� <br /> pr�����ii r�� a r�� if T��st�r �ir��s L�r�d�r �r�r��tt�r� n�ti�� �fi ��� �r�dit�r �r f�rf�itur� �r�����i r�g �r,d ��p��its �rit� <br /> L�n��r mor�i���r� s�r�ty t��n� f�r�he �redit�r�r f�rf�it�r� pr�c���in�, ir� an ama�ar��d�t�rr�in�� �y L�n���r in �t� <br /> ��1�����r�������s���r���r���������r���r�r��r��r�����r'�1���ispu��. <br /> �r�a�h af��r�►gr��n��rr�� Any Y�r�a�h b�r Trustar�nder t�r�t�rm��� �ny�th�r ��r��m�n�b��tvve�n Tr�st�r and <br /> L��r�C�r #h�� i� nv� r�rr������ wi�hi� �r�y �r��� ��ri��i �r�vid�d t��r�ir�r �r�clud�r�g witl���t lirrtit�ti�r� �ny a�r�err��r�� <br /> ��r���rntn���,y ind�����n��s �r�th�r�bl i�a�i�n of�rust�r�� L�nd�r�v�r��th�r��i��i r�� n�w��r]at�r. <br />
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