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<br /> .�� r��wT�.w..�i..� w A� _- ,__ —_-_..�.
<br /> . . . �d� ysr�����R'T'�^'�{OM� �7 VY'L.�
<br /> TO�TN�A w1TH a3 tM M�t►i+vv�rf�nb �ot h�n�fi�w �aridWoa�sh�ll�ko O�oov�!bY tf�Sovw�1 Inatr+umM�t.
<br /> tuII�r�wt now o�huMbr' a Pirt of tM P�'�PrtY• �`0�'^�'� ---
<br /> Aii M M�.y fw�r.}�ii�l I�hi+�M��W Gi SZi:i .^.:'.s'.t'S'�{nsYsvtttallt a!Mf! 'Hopw1Y.' --
<br /> 6l'3;;Fp1AfR CAYEhAPiTS tha! BCrtowM I��+M►tuYy s�nd o=N1 �atasa h��oY w^r�Y«+ �rµi �w� w� ::�rN t� Gr.2::�. _--
<br /> aoneay !rt�Ptcp�rt�l �+d fh�l Iha ProparN k un�noumt+r'�d. Mco�p1 ��a+n�+r+aw crl'r�xd. Bortow� vwrt�nb end wi1 _ —
<br /> d�d�w�r�aly tM tlMi ta tM Pt���t1y�O�in�t�II d�Ynr+�nd dur+�wlr. wbl+ct W ar+Y�na.."•�bn^oM d n�s3. CD _.
<br /> T�iJ ���'i.W!N Mk?'i�i1MAFNT t�ombY�+� w►ba+�t wwnw�iy tor naliontl us� �r►d tw�unKam� oov�to wiph � --
<br /> v�rhYo�te bp juiirdktkx�to consti�+t��w�Matn��oarMY Inshun�+�t cov�t�inq n�!P+i,�:�r• �,
<br /> Ui�UFOi�A�YeNA?�'f8. Ba�uwir Fa:ls��ananu+t and s itld I.at��Chir�s.Bo+ro+Nwr araA t�'�'�Y PaY W� � _-
<br /> !. P�y�na�a�Priaalpa! �P Inbnd: f'nPaYmw�t 1� F�-
<br /> dw tlw prtsc+pal W�nd iruw�t on!t»ci�bt ovMw�r•a�i by tria tVoSa�nri�►iY PhPYN+��
<br /> �+d iata d+i+y�c�w usd�ir G1�Btot�.
<br /> 2. �u11ds fo� Til�cq �d Irisul'�t1C�•SuD}aY W a�o laN ar to�w�kt�n wwlr�r by L�ndar. Bwrowot ahall p�y � �._ :
<br /> tu t���a� tho d:y r-..^..�:1�, Cal�ta w due undM�h�Not�. until ttw �ot�k paW In lutl, a sum ('Funds�")ior: (�) Y�M �:'--
<br /> ovK tlii� S�cu+iN Instnxrw+t �s �Wn on th� Pro�ty: (D) Y�Y�°�� �"
<br /> t+x� and aswsurwnts whkh muy ottaEn �fodfY ha.atd or propMtY Inwtanc�prwni�una; (�Yaa+tY�od kuWU�nc�1Q
<br /> ppYm�nis oc yraund ronia on tha NroMrty. Y any; (c1 Ywt1' gotrow�to L�ndor Y� acoord�nc�
<br /> pr�n�um�.Y any: (a1 Ya�fy mortWpo k►stusnca pntrikurq, k�ny: cnd(��ny�wna paY+t�i�bY � _. =
<br /> wqh th� ptoW�tww ai pxaprnph 8. {n fiw of tM paynknt ot mwtp+tQo Miatuonc� pt«nktmi. Tt�sa� R� cn cali�d 'Eia+ow ��
<br /> !!�• L�nQr m�y. at �ny Lim�, coY�ct �nd hoW Fu� fn an�rnour�t noi to �xcMd tha awxlnwm amauot� fa�d�r fa • �,,,�
<br /> pw�rayy rvl�t�d mort�ian r�y nquir�fot Botrowar's �ccrcw�ccount und�ttw t�d�rd Rwl Eswwa 5:.�=�:�t t`r..::ir~ �—
<br /> AA.K of t871 aa�nwndK2(rom tirn�ta tkn�.12 U.S.G.�2601 M ssq. l'RESI'A')� unM�� �twlhar i�w that y�1ia ta tha Fund� _,,, -
<br /> suia■ Msrar�noW►4 q w, lrnd�may. at �ny tlmw. coiwt�nd hoid Fund� In an�rttount not to�xcNd th�lassar amoun� _--
<br /> I,�nd� �rwY ��t!N�mount ot Fund� dw on th�bask 46 curt�ni dRta�nd nasonat+k aa�rnates oi�xRendNra of iuttu� _
<br /> �O�M k�llli 01�Oth�lYV�f�al�CCC�Tf�11C�MIk�1��• �
<br /> Tha Fursd� stW D� Mid in an k►s�Aion wM�sa�w MWUird by�t��W�naY� in�kunMnta@!r.w�itY(ind�+dn0 _
<br /> iendw. Y L«�d�r it au��n InstMutbn) a►in �ny Fw�iw�: l;a�►a Lotn Pank. L�ndK thY�PP���aaan� or v«MYkW _
<br /> it�. ��nd�r nry not dwQ� �urtowK tor haldiW�nd�p�y+�� t!N Funds,u�nuaN NatyzYW
<br /> tl►� Esaow Itwns, w�s� larular P+Ys BarowK Int�nat �r+ rM Fwxb and �Wi�� w'+ D�t �-�++�► Lo m�k� wch �
<br /> ch�rp�, Fiowwar. la�tf�me5► nt�uir� Bon'oM►N 1a WY• ana4lrtw c��rq� fo► �rl M►d�Pwxlmt n�t�stal+sax npoiihp u�du c.-
<br /> w�d bS► l«� b oonn�ctbt� wfth tfii� br�� u�a wDP� � P�vid�s o�o. lfnNss �n �,7n�nw�R M nMd� oc
<br /> ippi�api�Isw nquYis InW�st to�paid. Lsnd�sh�N hot b�hquind to MY Hotrow� �nY htwnt ur pormlrq�on ttN Funds. _
<br /> I�ottuwar�nd L�+dK nwy prw in v�e�lflnp, hovHV�r� tAat Ntrrst�tW b� p�1d on tfM Fundt. L�nd�r 9hsY qiw to BortowK.
<br /> dabii to th�i F�ixx�w�s n�.��Funda w pMd��d�ddiUa�Y s�axRY for M wms s�rsr+d�SaaultY�
<br /> M t!M Funtir hrid by UndM�otp�d th�alnouflb p�rrAl;ed W b� 1►iid�y�pptic�bi�tII►�'.l�r►c�t sh�il�ocoult to f3�yvwK
<br /> wr utis .oao... Fw,a.tn.�oona.no.wkn t1+.r.q�,U«n.nw a�.ppiuW.�.w.n U,..mou�t o4 tha�u�wis raa by l..na.r st any
<br /> ' tin�b not sulicimt to p+ry th� Euraw ttrdts w}!�n dw. UndK nrY so no1i�Y 8o��r In wriflny.�ex9.in sueh �
<br /> sh�l pnt to t�du th� aorioittri n�aswY to m�ic�up th�d�ciww.Y. Boaow�s!W a�fu uP tM d��7t
<br /> MrM+� montl�I P�Y�a��t l.sK+ciat's aoM c9rcxeNon.
<br /> �wl�In 1W a d ow�. s.awa bi►this s.ourity t�fnx�►f. I.r�dw sh�fi wa�dr+a�x�to eonow�.nr Fund. _
<br /> Mid by Lr�d�r. q�und�t P�►ap�Ph 7t.LwKir atW�oqu�k�a s�i tM A�rop�tY.LMfd�,{►tia►ta th��oquMilion o►aa{r d th�
<br /> Prop�ty.�FW �PPM�SI Funds MW b1f����f tl�Um�of acquisl�ion ot st.fo�s�ardt�p�nq t!�xYas uoutw by this
<br /> �Ap�p�ieid�if pf p�y111�eh. Ll�s �ppYcabi� law Provkioc� athawit�, a� PaYm�►t� ncii+��ed bY L«� u��dr
<br /> pRrap�pht 1�nd 2�b��ppi� �af.m anY P�'�P�S��OM d�und�r th�Piab: s��d.to�mo�r+b p�y�bM untl�
<br /> pamp.ph 2:aard,w ht�nst dw;touRh,to perticip.t a�se��Pwt.to rn►ftla cMro» dw und.r th.Nob.
<br /> 4. C11M'�M' L3�ItIr. Banowv st� PaY � taxao, +ass�. o1wp�. �nM und tmpoaAtons �bub�iC A� tft�
<br /> propicty y,�kdt m�y tlfain plfor�y'aw�r thi�S�ourllY�st�. and fwol+old PaYnMnes or Qound�t�.M sny. BoRa+�+r shd
<br /> �.......,,,w.w�... r.w�..w.�nr omvid�et�+ arw�ah 2 or M not P+� tn th�t eiw�nr, Borro�wK �h�i pay tlMa� an tlarN
<br /> v�s -------.r--_ __ _._ .. ' B�rswx�hM �on�l�f *�h to l�+dr d tw60�s W�tv o�pid un�vw� _
<br /> anciy to�� pi�'� ac�p.�'SA"'� _
<br /> p�co�raph. M �arto�Mr aMkas tAw PrY�� �'�Y. Bortow�r sIW Ptonpll�r i�+nish to L�n�r w�ipb svidM�aYp tM
<br />— � slwi P�P�N�0� NN Mn wNch has pc'�aNY owr Ws S�a�kY hs�nawc+t unMs� Bon�v+�: (�I spnas in
<br /> f�by, ar d�i��n��a�nwM W�tlM�L� Mal~{x'cc�3rg� v�A�el� (n tlw L«tcMt's opY�ion No�aC�� Pr'wr�nt 1!�
<br /> wwaow��t d iM i�n: at(ra s�ams irocn t!w Noidr d th�i�n r�apwm�n!s�da1►W L�n�f�►�4ord�Mtn01M�a to
<br /> thii�wkY�ua�.M L«xfK�1h�t ����Y k�,��l�1�H�i�n��mv caun d
<br /> gec�+ity btAnx�wit.Lw�dr e�Y qlw
<br /> tr►�aa�,s.s�to��.eow�n,r,�a a.ys a n�.��n�o..
<br /> s� Ha�ard or pro�ey ttts�usnc�. aoROww sha� IcMp tlu impro�n�s eaw .o�+a o.nKwRr«.asaiC o�n n�.
<br /> prnp�ty h�urrd�p�inst iots by�n. h�2�r+cM k+cMrd�d �wkhin 1h�t�mt '�oRR�nd�d oov�ap�� and anY oUw hvar'm. i�M�q
<br /> toods a�ooc�rq.tor vrN�h LM�nquQCMS bux�na ThM tnstr�r�w ah�ba ia�ht�d k+t!�� aad for tM p«fod�
<br /> w1Ach`~�slwii n�b� �a+�wilt� H�� �n�id�eovar�d�i�csb�d�6orvs. lr��t a�/.�t L�s
<br /> op0on.obhin oovwa�W P�o�t�w�d�►��In tlw PtopKtY In at�ootd�t�vAlh pw�p�pl+7.
<br />— � A�Inwr�na Po�ciM�r►d rw�wwris stwl b� acc�ptabM to lM�and shN kKi�lie+t stand�rd nwrt�p�d�usa L�rui�
<br /> � shr Mw tha�ht to hold tt� P�'���vwl�. If Lrxfr nqWnc.6aR'°M►�►�p'��o�r and L�ndK�
<br /> P�P�ond t�wvd notb�s. k�fh��nnnt of iots�Bort�wr stW pke panpl
<br />— �„ry rt�k.proo!a loss w oa n�a.pompy br Baro�►«. ,� �,�so r.�ioratlon o►np�ir d u�.
<br /> LJnIKS La�Qu�nd Bo�awa ott�vri��aprw In wri�, k►�u�n«P�oc�
<br /> _ �t�+op�rty dMNg�d,Y eiw w�a'��iton o��prir w �oa�on�ioNY f�abM and Lw�s+�Y M not bts�d.�q th�c�.iiMion a
<br /> npeir E�not�a�emie�iy km�a L,mdw's��a+Itll waid b�Msr�wd.th�inaruwe i����+�PP��tn�tf�wms
<br /> s�urrd E9l 1w S�aS�Y Inav�n�r�R wh�tlnr ar not tMn dw. w� a�eY em�si P� to Bdrow�r. If BqrowK �b�rsdons tM
<br /> � �;���?!�!!!Lk �If�)w�f wMhi►90 tl�qs� ROliO�ir�WD LM1411�t t�iAal�clo� GRfM llas o�10d to sMlw�Ci�il11.1hM1
<br /> �.N1dY�M�Y OOfil:!�N�1iN�7fi0� �('OC�6.• (.�f1�K fMy Uif 1�N ��f LO [�� 0�1'�Ofa{�IC RV�'�1 Of ti0 Qi�j� ww:» -
<br /> i�C�i+��/����M07�M1�.1M�1�f�Of f101 S�ill��N. TfN 30�1y G'�r�1f�b��W�1Q1�M RC�IC��i�V�fl.
<br /> - 11�ts t�s� �nd 8onaw�r otMtv+i�� aprw in w��0. +�Y �PP� d F��� � P��� s1M1 not �rnd or
<br /> - pin.t,M�:w: G:�—a'»'�ts�etl.�J:�teA!R'�d t° k+ o�ra�oin 1 ata 2 csr dtiifGi ihs a�» o�i�ts psym��tts. H
<br /> � uidK pr,pr.pb 21 M.Proaa1Y�+�+d b�► t.nau. 9ort�ow�'s ri�e eo�r inu+anc.po�d�s rd Proa�ds n��i�n
<br /> �,��qw p�p�rty prio� to tha �U{oe �lrl pas to Und�r�1tf� �o�tmt ol t!� auns by this S�cutlq► k�rt��
<br /> — Im�dW�y Prior to tlw�oq��+.
<br /> APP��bn�L�iiNfOid�.�s��sa�tiis�h,�rW�Prap�tY� �prindpd n�id�nas � _
<br /> � a6Qy d�ys a�tIN �aAioh of tl�s � ilY inttr�x�ra �nd � � to oca�ry tt� P1'oprly as Borto+ir�r'a Prtn�'�ip�l
<br /> � ntidu�a ior a9 M�t aw y�r dGt tM dW d occupsrK.y� ue�hts Lr.d�r othwwk�ap�MS h wrMin�,whiah consant sIW not
<br /> � p��wa•ybty wi�or unl�st�iafyp dra�WoK �o6�it wt�ich w byone Bortow�Ps ooMtd 8onoww ctW nol
<br />_.� �qrpy�d�n�or(n�qfr t?�P►op�rry� dow tine PraQ�rty to d�tKiorat�. or coarnA vrsst�on Uw Pnc�p�ty. Botrow�c s1tN b�in
<br /> d��lt N�ny toAripx�aelfow a prooNdinQ. whMf►w dW a ce�at.k bp�x9 th�t h Lr�Ps good t�ith jucf�wa oould nsuk
<br /> ` N 1o�+n o0 tM Pnnp�ty or otlanMisa aiala�hy►h'iPt�ir t�ii�n q�t�d by tt�is S�uxih►lnslnx"�M or Und�t't s�axity In'.�n�t
<br /> # ft�1RLMfi PAb; h0�9 c.t 5 �'!`'"`'�_
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<br /> 96104
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