Loading...
HomeMy WebLinkAbout0955 l\(f~Uit~i ('O~'f:\:1\ IS. li~,rru~~~r ;utJ l_~•~~.1~•r ~u~~nant .,ntl .l~'fCi~a,~1~~~1u~~,: 1. 1'u~n~rnt of Nrinci+>:~! a~ad In1~rc~t: Yrcpa~iucnl ~~ncl (.<~te l'h.ir~c~. $~vr~~~rr.h:~ll ~riKnrtl~ ~~h~•n ~tur thr prin.i~,.~l :u~J intrr~.l ~m Ih.• .IrM <<i~l~nrr~t M Ihr '~utr .~:i.l :~m ~~i~~~:~~nirnt an~l I:~ir :hai,~~. .lur un.lrr t~ir \ui~ . 2. F~u~~d~ ii?r "fa~c~ and Imur:~~tr.c, tiuh~~ct tu;i~~~~lirahl~ la~~ ur t~~ a~~rutrn ~~ai~rr h~ l.~~n~l~~r, l3urru~~~r ,h:ill (ri~ ~u l.rn~l~•r ~,i~ thr ~la) in~~mhl~ pa~m~ut. ;ir~ ~lu~ unacr thc \utr, unUl ~h~ \ut~• i. ~~.u~l in tull. ,i .um ~"f=un~i,"? r~~ual unr-t~~rlttti ~~t i,u ~r:ul~ t:~~~~:in~i:t..r..mrnt. ~~hi~h niu~ au.un pri~~rit~ ~,~rr thi. Srrur~t~ In.uuiurnt: thi ~rarl~ Ir:~.~•h~~l~I ~r~~inrnt. ~,r Lr~,i~n.l rr~~i• un ~hc Pru~xrtl, if am: Irl ~~arl) ha~ar.i imuranr~ pr~n~;uni,: an~l 1.11 «arl~ in~~r~,sa_~• in.uranir ~~rrniiun~,. ~1 am 'Ihr..• urm, .ICC ~:I~~l~) ~ l'~~fl)\\ Ill'lll~. ~.l'fll~l'f IIGtt l'~tllTl:ll~ (fil ~'tllil~~ l~Ul` !Ifl Ifll` f1:l~l~ Il~ l'llffClll t~:ll:l :Itl~~ fC:t~Utl:lfl~t C~IIIiI:IIC~ U~ lUIUfC ~'~i It~\1 If~'lll~. ~l hr F~urnl, ,hall h~• hrl~l in an in.tnuti~~n ~hr ~Ir~x~.it. ur :ici~~unt. ul hirh ar~ in,ur~~l ur ;~uarant~r~l 1~•~Irral ur ,t:n.~ a_rni ~ iinrlu~lim_ l.~ie.t~r i~ Lrn~t~r i. ~urh :u~ imtihuiun?. Lrn.l~r .h:ill a~~pl~ th~ f~un~1. t~? p:~~ thr r,~ru~~ i~rni,. L~n~l~r ni:i~ nut rh:n_~~ t~,r hul~l~n,_ an~l a;~pl~im_ thr Fun~l,, anal~iim~ th~ a~~•~~unt ~~r ~~ril~im_ ~h~ ~.cn~~~ itrm., unl~•~, l.~n~hr pa~, Kurr~~~~rr int~r~.~ un thr Fun.t. anJ appli~ahlr la~~ ~nnit~ l.rn~l~~r t~, mal.~ ~urh a char,~~~. liurru~~~r anJ L~n~i~r nra} atir~~~ in ~~r~un,~ th:~~ int~•r~.~ .hall h~ ~~ai~l ull Ihi Fun~l.. l~nl~.~ an a,_r~rmrn~ i, iuaik ur a~~~~liraM~ la~~ r~•yuir~•. tnt~rc,t t~~ hc ~~:uil. t.enikr .h.iU nut tk• rryuirr~l tu l3urr~~~~rr am intrr~,t ur rarnin,_. un th~ Fun~i.. i.~n~l~•r .hal! tu B~~rn»~rr. »ithnut ~har,_~. an annual ar~~,un~iir~ ut th~ { un.i..hu~~ in~~ .r~~lit.:~rT~l ~ichi~. t+~ thr Fiuuh an.l th~ ~~ur~~~.r lur ~~I?ich ~a:h ~I~hii tu th~ I~un~l. ~~a. ni:al~. I hr I~un~h arr E~I~~I,~r.l ~ .nf~l~uui~:i! ~ciurit~ tur tlir ,w»> xrur~.i h~ th~. ~~cunt~ In,truntrnt. J ll thr :inwunt ~~I th~ Fun~l~ hrl.i h~ L~n~i~r. ~u,_~ti~rr ~+hh ~h~ iuturc ni~,nthl~ ~~a~mrnt, ut huiui, pa~:~hlr ~~riur tu th< <lur ~lat., ~~t l~h ~'~~1'i~1~ 11C111~. ~~1;1~~ C\~C~~~ lf1C :IS11~~U111 f~'t~lllfCl~ l~~ (l:t\ I~1C ~~if~~~~ IlClll~ ~\fli'tl t~ll~. 1~1~ ~\C~~> >fl:t~~ f?~. :Il f3i~ffU\~if~~ U~~lk~ll. ~ ith~ r~~r~,mptl~ r~~~:iiJ t~~ t3~~rru~~~ r;~r. cr~Jit~~ tc~ Burr~~~~ cr ~~n munthl~ p:i~ mrnt. uf i=tinii~. If i{ti~ :unuunt u( tt~~~ f=uncl, h~ I~ ht 1.:!r~l~•r i, n~,t ,ulti~i~n~ t~~ ~a~ th< <.~r~~~c il~m. ~~h~n .lu~. R~+rru~~~r .h:ill p:~~ ti~ i.~nii~r :~n~ :~~nuunr n~~~~~••,.;tn t~~ nr~}.~ t~~~ ~hr il~li.i.•ni~ in un~ ur mur~ pci~mrnt~ a. rcyuir~~l h~ Lrn~t~r. . l'~~n ~~.~~mrnt in tull all ~uni. ,r~urc~l h~ Ihi. Sr~ur~t~ In,trumrnt. Lrn~kr .hall E~n,mp11~ rrli~n~l t~~ I3~~rr„~~rr an~ Fi~nJ~ h:l~l hti L~nii~r. IC ut7~trr ~~ar.~,~ra~~h l~) Ihc Yru~k~rt~ i, ,~~I.I „r ar~#uir~•~1 M l_rn~l~r. L_~n~1rr ,hall a~~~~l~. ~i~~ latrr th:ui iin~n~~iiat~l~ ,~ru,r t~~ thr ,ale ~~t th~ Pru~krt~ ~~r it. aryui,~ti~~n M I.~n~l~r. am Fun~1. i~~l~! h~ L~n.l~•r at ~hc tin:~ u~ ap(~li~aliun a~ a rrr:lrt a,_ain,t th~ wiu..r~urr~1 h~ Ihi. S~rurn~ In.trum~nt. - - - :~pplication of Pa)ntents. l~nlr.. a~~~~lirahl. I:i~~ ~~r~~~i~1.. ulh~n~i,~. :ill ~~:~~m~nt, r«<i~r~l h~ Lrn~irr un~trr ~~:ir:~,~r:t~~ii. !:u~.1 ',h~~ula h~ :ip~~li~~L t7r.t tu :~niuunt. p:?~:~hlr un~i~r p;u~:i,~raph ~r~unii tu int~rc,t: .in~i I;i,t tu rrinii~~:~l. ~l. ('har~;cs; l.icm. Burru~~~r .hall ~~a~ al! ta~r.. a,.~..ni~nt.. rhsr~~~.. tin~+:~mi im~~.itiuit. attrihu~ahlr t~~ thr Yru~k~rt~ ~~hi~h nc~~ auain rri~~rit~ u~cr thh S~rurit~ tn,tnini~nt.:~nJ I~•a,~•h~~l~) (~a)m~iit.,~r,~n~un~l r~~n1~. il am. Burr~~~~~r.hall fr,?~ th~.~ uhli~au„n, ~n thr niannrr ~~r~~ci~l~~l ~n ~~ara,~r,~rh ~~r it n~~t ~ai~l in thal mann~r. R~~rru~~er ,hall ~~:i~ Ih~m un tin~< <lirrrtl~ i~, thc ~•rr.un ~~~~r~l E~.~~m:~nt. l3~,rruw~r.ha1! prun~ptl~ lunu.h t~~ l.~n~hr all nu~ir~, ~~I :un~~unt. tu tk p._~i~! i~n~l~r tl~i. ~,,~r.i__r:~~r,. ii t;„~r~,"~~ ~»:~1.~, ih~~~ ~~.~~n~~nn .lirr~t~~. F3~irn,~~~r ,h:ill Pr~anptl~ turni,h tu L~n~izr rr~~i~t, ~tii~irn~in~~ thr ~~a~mrnt.. k3urr~~~~rr ,hall ~rum~~tl~ ~li.~har,_~ am lirn ~~iii~~h hc~. ~xi»ri~~ ~~~ir Ihi~ Sr~urit~ In,tnnnrnt uni~.. E~~~rn,~~rr. ~:u a_rrr. in ~~ritin,~ t~~ th~ pc~~mcnl ul th~ ~~hli,,:~ti~~n .~~urr.l h~ th~ lirn in c~ m:innrr arr~~tahl~ tc~ [.rn~i~r (hl ~~unt~,t~ in ~~x~J t:utlt th~ lir~s ' 1~~. ~~r ~f~t~n~h:i,~.iin.t ~nti?rr~mrnt ul th~ li~n in. I~~~,~I ~r~~~•~c~iin~_. ~~hi~h ~n thr t.rn~lrr~. u~iniun u~x~r,~te t~~ ~r~~~ni th~• rnli,rcr~~~~xit ,~t thr lirn ~~r t„rl~iturr ~H an~ part ~,t th~• i'n~~krt~: ~tir .~~ur~. i~c,~n thr hul~i~r u! thr lirn an a~~r~rm~•n~ ,:ui,tart~~r~ t~, L~n~l~r ~iif,ur~linaut~,_ th~ lii~n t~~ ttii. Seiurit~ Irt,tr,im~nt. I! L~n~1cr ~I~trrm~n~~~ th.~~ .u~~ rart uf th~ Pri~~rt~ i~ •uhjrrt t~; :i li~n ~rhirh itri~ .~tt:un ~ric~rit~ ut~r ~hi, Srrurin ln.u~um~nt. L~n~l~r nr.~~ ,~i~~ R~~rru~~~r a n~,ur~ i~i~ntif~ims thr li~n. Burr~,~~rr .h:ill ,au,(~ th~ lirn ~~i ~al.~ us~c ur m~,r< <,1 th~• :irtir.n. .~t ti~rth alx~~~ ~~ithin It) ~1:~" ~~f thr ~~i~in~~ ~~t n~,tirr. Hazard Intiurancc. Burr~~~+~r .hall k~~r thr im~~ru~~m~nt. n+,~~ ~~i.tim~ ~x h~r~att~r crr~tc~1 ~,n th~ I'r~,~nrt~ in,ur«i a,_:~in,t I~,.. t,~ tir~. h.v.~r~i> in~lu.i~~l ~~ithin th~ trnn "~~ten.l~.t ~~~~~r.~,~~" an:l am „thrr hai:irJ~ ti~r ~chiih l.~n~(~r rryuir~~ in.ur,~n~r. fhi. in.ur:in~i .hail th mai~ztain~~t in thc .iniuunt.:?nJ ti~r Ihr ~xri~kl~ that l.~n~l~r r~yuin.. "l~h~ in.uranc~ ~:in~i~r ~ru~ i~lin~~ ih~~ in.uraii~c~ ~h.~fl h~ rhu,rn h~ Burr~~~~~r ,uhjr~t t~i Lrn.t~r~. appr~~~al ~~h~rh .hsll tu~t h~ unr~.~ti~m.~hl~ ~iitlzhcl~l. .-~II inwr,in~e fx~li~i~. an~ r~-nr~~ah ~t~all h~ :~~•~~ptahl~ tu Le~~e1~r ;e?t~i .hal! inrlu~l~ a.tcuiJar~i tnurt;~a~~~ cLw,~. L~n~cr ,hall h.~.r ttir n_~ht a~ h.d~f th~~ ~c~liri~~,ut~l r~r~~~~:~1.. !f Lrn.l~r r~yuirt,. Bnrr~+~~~r.hall ~~rum~th ~~i~~ U~ Lrn~t~r:ill rcr~irt, „t ~~ai~t prcn~ium, .uxi'reitr~~al ~~~~ti~~,. !n th~ ~~rn~ i~~,,. Burr~,~~:r .hall ,_i~~ prumpt nutir~ tu thr in,uranr< <arncr an.~ L~n~f~r. L~n~1~r m:n ma1,r ~~r,aet lu„ il n~;t ma~l~ prumptl~ h~ l3urr~~~~~r. l nl~.> Lrn~l~r arz~ Bi~rru~~~r ~ith~r~~ i,~ ~~_rrc in ritim_• ~n,urc+nrr pr~k•er~t..h:ill tk appli~~l t~, rc;tur.:ti~~n ~,r rS~air ut th~ Pn, ~~~r[~ J:inr~_~•~I, if th~ r~,turati~m ~,r r~p:ur i> ~runumir:?II~ t~a,ihl~ ~iiJ LrnJ~r'~ ,~.unt~ n~,t I~.,~n~~l. if th~ r~~t~~rati~m ~~r rrE}air i, nut ~run~~mic:ill~ f~a,ihl< <,r L~izJ~r'. ,r~unt~ ~~„ul~ tk I~.,~n~~. thc in.ur:incr pr~~•«~J> >half h~ applirJ tu th~ .uni. .«ur«t h~ tfi;. Srrunt~ Imtrumrnt. ~~h~th~r ~,r nut th~n ~iu~. ~~ith um paict tu Kcirr~na~r. B~~rri~~~c~r ahan~l~m, Ih~ Pn~~rt~_ ~~r n~~t :nt,~~~r ithin z(1 iia~. a n~~ti~~ (rum L~n~~r tli.~t th~ in.uran~~c iarri~r ha. ull~rr~1 t+~ ,~ttl~~ a ~laim. thrn l.~n~rr m:i~ ~~~II~.•t ~hr ~n.ur,~n~r i,r~k~~e~t,. L~nJ~r n~a~ tix th~ pr~xcr~1, ti~ r~p:iir ~~r r~~t~,r~ thr Nr~~~krt~ ,~r t~, ~~a~ ,um, .r~ur~~~l M th~, S~~u~it~ In.trum~nt. ~~hrth~r ~~r ~~ut then ~ur. Th~ 3O-~ia~ ~:ri~xl ~~ill tk~~in ~~hrn th~ n~~tii~ i. _~i~~n. . - . l~nlr.. Lrn~l,~r an~ [ic~rn~~~~r ~~th~n~i~~ a,_rc~ in ~~rihn~. am apPli~ati„n ~,i pnk~c~• t„ {~nn~ipal ,hall n~,t ~~t~nii „r F,~,.~run~ th< <tur .latr ~,t th~ m„mhl} p~~mcnt, rcf~rr~~1 t~~ in p~ra~_rarh~ I an~t „r ~ham~r th~ .miutm< <,t thr pa~i~i~nt.. It~ un~l~r para,~ra~li 1~) th~ Pr~,~rt~ i. aryuir~~i h~ L~n~cr. B~,rr~~~+cr~, ri,~ht t~~ an~ imur.mrr ~„Ii~ir.:uul ~nk•~r~~ rc•ultim~ ~n,m ~.i:?nfa~_r ti, th~ Yru~xrt} f~ri~,r U~ the .i:yui.iUun ~hall p:i., t~~ L~n~1~r t~~ thc r~tcnt ~~f th~ .utn. ~~~'uri~l h~ thi. Sc~unt~ Imtrtint~~r~t initn~~li,N~l~ pr~~~r t~~ ~hc .i:yui.iU~,n. - - - 6. Pres~r~.ition :~nd ~laintrmince ot' Pruprrt~: Leatieholds. S~,rr~~:~~r ,hall n~,i i1r.In~~ ..tama,~~ ur .uh.t:innall~ rhan~_~ th~ I'n~~n•rt~. c~llu~~ thr Pr~~~rt~ t~~ ~ktrri~~rat~ ~~r ~„n~mit ~~.i.h•. If ~hi. S~rurit~ In•truni~nt i. ~,n a I~,i,~h~d~1. f;„rn~~~rr .h,~ll r„m~l~ ~+ilh !h~ ~r~»i,i,>in ul Ihr lc.u~. an~1 il Bt~rnnrrr :tryuirc. (c~ li[I~ I~~ the Pmrrr[~. [hr Ir;u~h~~I~l :~n~1 t~r ullr .hal! nul ni~r unlr., l.~r,~irr :~~~rr~. tu tf~r m~r~~~r iti ~critim_. . 7. Prolection ~?f Lcndrr's Riy;hts in thc Pro~rt~; ~(ortkakc liuurancr. I( B„rr~~~.rr tail, t~, ~,rrt~,rn~ th~ ~„~rn:~nt. an~l .r_rr~m~nt. ~~,n;ainc~i in thi,.S~run~~ In~trumrnt. ~,r th~rc i. a 1<<_al ~,r~,~r~~lin~~ th:it ma~ .i~_nitir:~nti~ aticct l.~n~f~r'ti ri;~ht. in th~• {'n~E~~n~ ~.urn a. a(~r„_~rcJim_ in h,inl~ru~tr~. ~ruh.rte. t~~r r~~n~irmnah~m ~~r tu rnt~~r~~ I.n~. ur r~,~ul:{ti~m.~. thrt~ Lrn~lrr nr.i~ il~~ :u~~l ~~:i~ ~i,r ~~h~it~~rr i. ncr~..cir~ lu pn~t~rt thr ~al«~ ~~t thr Pr~~E~~r?~ .utcl I.~n~l~~r~. ri;ht. ui thr Pr~rrirrl~. L.•n~1~r~. artwn, m;i~ in.lu.i~ ~.~~im_ ,in~ ,u~ii~ .~iur~~1 h~ !i~•r~ ti?h~~h h;~. ~ri~~nti u~rr thi~ S~iurit~ In,trumrnt. cir~~~,~rim~ in r~~urt. ~~:i~in~~ r~:nunahl: .~tt~~rn~°~.' t~•c..in~l ~•rtt~r~n,• ~,n th~ Pr~~~x•rt~ t~~ ni:~~.~ r~j~air,. ,-~Ithuu,_h L~n~i:r n~:i~ t.il~~ artiun un~lcr thi. ~~ara,_r,cF~lti 7. I.~nJrr ~i„~~ II~rI f1J~C (it ~~~i ~1i. ~i I '3 . j . ~ r',?. Y~!~i ~V'J ~