ࡱ> a)"  !#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`bcdefghijklmnopqrstuvwxyz{|}~Root Entryb.@pT5OPerfectOffice_MAIN&EPerfectOffice_OBJECTS,L5OL5OSummaryInformation(tOh+'Oh+'0D  Law UMC4v$C:\COREL\SUITE8\PROGRAMS\PRWIN8.EXEwo Original Slide Show L@L@C  \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" ddWPCE ~ wg--=4/:/@/5|"XXXX'33' xeMN*NxL  N RQFa#TWPC !2  I  .3  MortgageParticipations! 2  I  .3  ( (2  I  .3  Why participateoutaloan?..2  A  .3  Todiversifyyourportfolio..2  A  .3  Tomakeabiggerloanthanyoucanotherwiseafford..2  A  .3  To turnoverpartofyourmoneyforthemakingofadditionalloans,"  ,2  I  .3  Ifalossoccurs,doesMEtakethe firsthit?..2  A  .3  Generally,no..2  A  .3  YesifMEhasguaranteedpaymenttoA1-A3.( (2  I  .3  Whodecideswhetherto:..2  A  .3  Forebear?..2  A  .3  Foreclose?(andbywhatmethod?)..2  A  .3  Resellafterforeclosure?..2  A  .3  Makefurtheradvances?( (2  I  .3  Issuesbetweenleadandparticipants:..2  A  .3  Istheleadafiduciary?....2  1  .3  (onlyifthedocumentssayso)..2  A  .3  Canadisgruntledparticipantrescind?....2  1  .3  (onlyifdocumentssayso)..2  A  .3  Istheparticipationinterestasecurity?-#   -2  I  .3  Whyisntaparticipationa security?..2  A  .3  Norelianceonthe managerialorentrepreneurialeffortsofothers...2  A  .3  Butifparticipationsharesaresoldtounsophisticatedindividuals,asecuritymaybefound.(   (2  I  .3  Misconductbythelead:..2  A  .3  Misrepresentingtheunderlyingmortgageloan..2  A  .3  Double-sellingparticipationshares..2  A  .3  Receivingpayments¬remittingparticipantsshares..2  A  .3  Releasingthesecurity"!   "2  I  .3  Putthenoteinthehandsofanindependenttrusteeorcustodian#  #2  I  .3  Whyuseanindependenttrusteeorcustodian?..2  A  .3  Leadcantdouble-sellorreleasethemortgagewithoutpayingparticipants..2  A  .3  Iftrusteetakespossessionofthenote,participantscanbe perfectedunderUCCArt.9' '2  I  .3  ....2  1  .3  Whatnon-standardfeatureswerepresenthere?..2  A  .3  CoronetwastopayinteresttoJIBevenifSSDwasindefault...2  A  .3  JIBwastogetprime+3.5%,withminimumof15%interest...2  A  .3  CoronetguaranteedfullrepaymentofJIBsinterest.##2  I  .3  Whataretheresultsofrecharacterizingtheparticipationasa loan?..2  A  .3  Theautomaticstayappliesinbankruptcy..2  A  .3  ThebankruptcytrusteewillassertthattheunderlyingrealestateloanismerelysecurityfortheloanfromJIBtoCoronet.##2  I  .3  Whataretheresultsofrecharacterizingtheparticipationasa loan?..2  A  .3  Thissecurityisarguably unperfected.....2  1  .3  Thenoteusuallyhasntbeendeliveredtotheparticipants,ortoatrusteeactingfortheparticipants,..2  A  .3  Hence,itsanunsecureddebtofthebankrupt.(  (2  I  .3  Toavoidrecharac-terizationasa loan..2  A  .3  Clearlystateitsasale..2  A  .3  Makeleadsegregatetheloansfromitsownportfolio-oruseatrustee..2  A  .3  Donthaveleadguaranteepaymentorbuybackdefaults..2  A  .3  Useaservicingagreement..2  A  .3  Baseinteresttoparticipantsonunderlyingloaninterest!2  I  .3  TheendFO$">8ZY kyD61VBackground TitleBullet ChartTextOrg ChartData ChartCombinationWPCKXX81%.g0d-3'XXXX,,,,513_,M ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9 Z/ ??@1 33333,*`-FIFIC[&dg >"#g   -ƕ. 0d1 r333,*`-FIFIC&dg >"#g WPCXX81%/3'XXXX,,,,513 ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9_"܅V.0 0.0 C  \AZ"Arial Regular -_,M@C  \AZ"Arial Regular -_,M@C  \AZ"Arial Regular -_,M@C  \AZ"Arial Regular -_,M@C  \AZ"Arial Regular -_,M@C  \AZ"Arial Regular -_,M@)?  6ltL@ 4 @ @ @ @ @ @ f" dddddd=2  I  .3  TitleofShow  ܅.0 +' :.CO \AZ"Arial RegularO        @  Q QO \AZ"Arial RegularO     _,M   @  TitleofShow+'16lt3L@ ` //C C17: `.0.0/C/ 1 `.0/C C +13"ޅ 20020C ` ` \AZ"Arial Regular -L@@fL@C ` ` \AZ"Arial Regular -L@@fL@C ` ` \AZ"Arial Regular -L@@fL@C ` ` \AZ"Arial Regular -L@@fL@C ` ` \AZ"Arial Regular -L@@fL@C ` ` \AZ"Arial Regular -L@@fL@)?  6ltL@ 4 @ @ @ @ @ @ f" dddddd@2  I  .3  SubtitleofShow  ޅ20+' "/aCO \AZ"Arial RegularO` ` `         @  Q QO \AZ"Arial RegularO` ` `      L@   @fL@  SubtitleofShowWPC|$XX81%0D#3'XXXX,,,, ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9"&u/"4u/"C ` ` \AZ"Arial Regular +L@pL@C  \AZ"Arial Regular +L@L@C  \AZ"Arial Regular +L@L@C  \AZ"Arial Regular +L@L@C  \AZ"Arial Regular +dddd2  I  .3  FirstItem2  A  .3  Subitem2  II  .3  SecondItem2  A  .3  Subitem  u/"+' . 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L@   @6ltL@FourthItem+'"La/a/#?Y@4@#?Y@4@#?@? 9?@^ 9?@^  ?? ?? ??22226ffffffֿp= ף(\?TQ  9@Yfٝ ٝ   9@YfT T   9@Yf̙ ̙   9@Yf   ` 9@Yfq_ q_  ` 9@Yf6 6  ` 9@Yff f  ` 9@Yf'ج 'ج   1    1     1     1     1     1    1   1   1   1   1?   1   1   1   1   1  4?_$Io9SN]cgxq{̙P33C ` ` \AZ"Arial Regular +ϲeٝ ?  9@H_9̙ ̙C ee \AZ"Arial Regular +̙H_9  9@H_9̙ ̙C ee \AZ"Arial Regular +6lt6lt  1C ee \AZ"Arial Regular +6lt6lt  1C ee \AZ"Arial Regular +6lt6lt  1C ee \AZ"Arial Regular +??  1C ee \AZ"Arial Regular +?? 3& 9@] C ee \AZ"Arial Regular +??  1C ee \AZ"Arial Regular +??  1C ee \AZ"Arial Regular + ??  1  C  \AZ"Arial Regular +   1  C  \AZ"Arial Regular +   ̙ 9 @H_9̙ ̙ C  \AZ"Arial Regular +    1    // ?Title of ChartSubtitleLegendd 0@1st Qtr2nd Qtr3rd Qtr4th QtrNorth# Z2AU@South# 2(-F@East# (@West# -  La/'/ @1 Yfٝ 3ٝ H!H! [" [".%?1?3 n#%O \AZ"Arial RegularO     ?   @?    North.%1 YfT 3T ^'^' q( q(.%?1?3 ),O \AZ"Arial RegularO     ?   @?    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G& &% & &8 1 Yf̙ 3̙ H$ & &8 $8 1 F-3fMx 3fMx I&8 & *% $8  J) ?*% ?*)[1 Yf̙ 3̙ K;( ) )[;([1 F-3fMx 3fMx L)[?*(;([ MP- -% -k P- 1 Yf̙ 3̙ N+ P- P- + 1 F-3fMx 3fMx OP- -k +k +   ] % ,1 F-3Cf~ 3Cf~ Q"% "z " "H 1 Yf 3 R % "% "H H 1 F-3Cf~ 3Cf~ S"H " "! H  T%% 7&z 7& %k 1 Yf 3 U2$% %% %k 2$k 1 F-3Cf~ 3Cf~ V%k 7& $ 2$k  WG)% )z ) G) 1 Yf 3 X'% G)% G) ' 1 F-3Cf~ 3Cf~ YG) ) ' '  Z,% ,z ,,B1 Yf 3 [*% ,% ,B*B1 F-3Cf~ 3Cf~ \,B,L+*B+%?13 ^!!q.+1?3 _ "O \AZ"Arial RegularO     ?   @?    1stQtr.+13 `$$q.+1?3 aK#x&O \AZ"Arial RegularO     ?   @?    2ndQtr.+13 bE(E(q.+1?3 c&)O \AZ"Arial RegularO     ?   @?    3rdQtr.+13 d++q.+1?3 e.*#-O \AZ"Arial RegularO     ?   @?    4thQtr.+13 fD.+1?3 giqW O \AZ"Arial RegularO     ?   @?    0.+13 h@ D@ .+1?3 i  O \AZ"Arial RegularO     ?   @?    20.+13 j D .+1?3 k  O \AZ"Arial RegularO     ?   @?    40.+13 lD.+1?3 mC)O \AZ"Arial RegularO     ?   @?    60.+13 nD.+1?3 ooO \AZ"Arial RegularO     ?   @?    80.+13 pXDX.+1?3 qaO \AZ"Arial RegularO     ?   @?    100 fw,6((((((( t "%5b9FMtQa_evh t_wvc?-q  =WPCXX81%XX81%݅3'XXXX,,,,9 "܅B.0  B.0   ܅B.0 .*+%13 e:].MO \AZ"Arial RegularO        @  Q QO \AZ"Arial RegularO     _,M   @  MortgageParticipations+'16lt3L@ `f // 17: `gC.0C.0// 1 `hC.0/  WPC XX81%XX81%3'XXXX,,,,9j"Au/"Bu/"C , \AZ"Arial Regular +L@pL@C &&, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C >>, \AZ"Arial Regular +L@L@C >>, \AZ"Arial Regular +L@L@C >>, \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   u/"-.)*+%'153 +:/O, \AZ"Arial RegularO>>>        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0*..TodiversifyyourportfoliofO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0*..TomakeabiggerloanthanyoucanotherwiseaffordfO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0*..To turnoverpartofyourmoneyforthemakingofadditionalloansWPCXX81%XX81%3'XXXX,,,,9j" Rs/# Rs/#  Rs/#.+%L@1p3L@ bW."NO, \AZ"Arial RegularO         @  Q QO, \AZ"Arial RegularO      L@   @pL@ Why participateoutaloan?+%16lt `//17: `Rt/t///1 `RtR//WPCr XX81%XX81%3'XXXX,,,,9j"!u/"Bu/"C , \AZ"Arial Regular +L@pL@C ++, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, 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RegularO     L@   @pL@0b..Foreclose?(andbywhatmethod?)fO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0b..Resellafterforeclosure?fO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0b..Makefurtheradvances?WPCXX81%XX81%3'XXXX,,,,9"2R5/# R5/#  R5/# eb ."MO \AZ"Arial RegularO         @  Q QO \AZ"Arial RegularO      L@   @pL@  Whodecideswhetherto:+'16lt3L@ `fd/d/17: `gR6/6///dd1 `hR6R//dWPCDXX81%XX81%3'XXXX,,,,9j"E)t/Bt/C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C 44, \AZ"Arial Regular +L@L@C 44, \AZ"Arial Regular +L@L@C 44, \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   t/-.)*+%'153 e*7/O, \AZ"Arial RegularO444        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0"..Istheleadafiduciary?O, \AZ"Arial RegularO     L@   @L@..        @    O, \AZ"Arial RegularO     L@   @L@03..(onlyifthedocumentssayso)fO, \AZ"Arial RegularO     L@   @pL@        @    O, 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Regular +L@pL@C ++, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   t /A-.)*+%'153 * 7/O, \AZ"Arial RegularOCCC        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0,..Norelianceonthe managerialorentrepreneurialeffortsofothers.fO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0,..Butifparticipationsharesaresoldtounsophisticatedindividuals,asecuritymaybefound.WPC XX81%XX81%3'XXXX,,,,9j"L?/"B/"C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@L@C 88, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   /".)*+%'153 .O, \AZ"Arial RegularO        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0X..CoronetwastopayinteresttoJIBevenifSSDwasindefault.fO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0X..JIBwastogetprime+3.5%,withminimumof15%interest.fO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0X..CoronetguaranteedfullrepaymentofJIBsinterest.WPCXX81%XX81%3'XXXX,,,,9j"v/2v/C , \AZ"Arial Regular +L@fL@C , \AZ"Arial Regular +L@fL@C , \AZ"Arial Regular +L@fL@C , \AZ"Arial Regular +L@fL@C , \AZ"Arial Regular +L@fL@C , \AZ"Arial Regular +L@fL@)?  6ltL@ 4 @ @ @ @ @ @ f" dddddd$   v/.%L@1f3L@ 5vF/O, \AZ"Arial RegularO     L@   @fL@  Q QO, \AZ"Arial RegularO Whatnon-standardfeatureswerepresenthere?WPC XX81%XX81%33'XXXX,,,,9"+#Fl/<)Bl/<)C , \AZ"Arial Regular +L@pL@C ++, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   +l/<).'13 *"=/(O, \AZ"Arial RegularOCCC        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0,..TheautomaticstayappliesinbankruptcyfO, \AZ"Arial RegularO        @    O, \AZ"Arial RegularO     L@   @pL@0,..ThebankruptcytrusteewillassertthattheunderlyingrealestateloanismerelysecurityfortheloanfromJIBtoCoronet.WPCXX81%XX81%33'XXXX,,,,9"0      !"#$%&'(2R/#2R/#C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@)?  6ltL@ 4 @ @ @ @ @ @ f" dddddd$   0R/#.%L@1p3L@ ,/#O, \AZ"Arial RegularO     L@   @pL@  Q QO, \AZ"Arial RegularO Whataretheresultsofrecharacterizingtheparticipationasa loan?.+%16lt `-q7/7/TqT17: `.R//s/T/7q71 `/RRs/s/TqTq7WPCXX81%XX81%<3'XXXX,,,,9"9ER/#2R/#C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@C , \AZ"Arial Regular +L@pL@)?  6ltL@ 4 @ @ @ @ @ @ f" dddddd$   9R/#.%L@1p3L@ 5/#O, \AZ"Arial RegularO     L@   @pL@  Q QO, \AZ"Arial RegularO Whataretheresultsofrecharacterizingtheparticipationasa loan?.+%16lt `6q7/7/TqT17: `7R//s/T/7q71 `8RRs/s/TqTq7WPCXX81%XX81%<3'XXXX,,,,9"4_u/"Bu/"C , \AZ"Arial Regular +L@pL@C ++, \AZ"Arial Regular +L@L@C , \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@C CC, \AZ"Arial Regular +L@L@9-$$$$  Z6ltL@ 4 @ @ @ @ @ @ f" dddddd$   4u/".'13 3+:/ O, \AZ"Arial RegularOCCC        @a -$$$$aO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0,..Thissecurityisarguably unperfected.O, \AZ"Arial RegularO+++     L@   @L@..        @    O, \AZ"Arial RegularO+++     L@   @L@0B..Thenoteusuallyhasntbeendeliveredtotheparticipants,ortoatrusteeactingfortheparticipants,fO, \AZ"Arial RegularO     L@   @pL@        @    O, \AZ"Arial RegularO     L@   @pL@0,..Hence,itsanunsecureddebtofthebankrupt.& ) WPCXX81%H/F$q3'XXXX,,,, ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9'"eE0O \AZ"Arial RegularO` ` `         @  MR@..@` ..`  .. ME...... .. A2(25%)'1f f( Q Q Q Q Q Q Q Q Q ( f g,,,        u u u'1"h~+ k/jO \AZ"Arial RegularO` ` `         @  A1(25%)"im+ k/jO \AZ"Arial RegularO` ` `         @  A3(25%)'1f j000ooo^^u)g)g9_9_9_IWIW ^<< + + +z*k,000ooo^^u)g)g9_9_9_IWIW ^<< + + +'1"l 1O \AZ"Arial RegularO        @  Mortg. m?F%#O \AZ"Arial RegularO        @  ParticipationAgreement"nL 0O \AZ"Arial RegularO        @  Leadlender(retains25%and servicestheloan)'1 `o]]-+! p s -  p o >\  s -+1==-+1WPC XX81%T O,)$3'XXXXKKKK ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9 Z' *e gSkE0wO, \AZ"Arial RegularO` ` `         @MR@..@` ..`  .. ME...... .. A2(25%)'1z*fYgJ( Q Q Q Q Q Q Q Q Q ( z*gYgJ,,,        u u u'1 *hT3@+ k/jO, \AZ"Arial RegularO` ` `         @A1(25%) *iG6+ k/jO, \AZ"Arial RegularO` ` `         @A3(25%)'1z*jYgJ000ooo^^u)g)g9_9_9_IWIW ^<< + + +z*kCvCy/000ooo^^u)g)g9_9_9_IWIW ^<< + + +'1 *l:]y 1O, \AZ"Arial RegularO        @Mortg.'1**`oYgJ]]WPCXX81%T d,)$3'XXXX,,,, ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9' *e gSkE0O \AZ"Arial RegularO` ` `         @  MR@..@` ..`  .. ME...... .. A2(25%)'1z*fYgJ( Q Q Q Q Q Q Q Q Q ( z*gYgJ,,,        u u u'1 *hT3@+ k/jO \AZ"Arial RegularO` ` `         @  A1(25%) *iG6+ k/jO \AZ"Arial RegularO` ` `         @  A3(25%)'1z*jYgJ000ooo^^u)g)g9_9_9_IWIW ^<< + + +z*kCvCy/000ooo^^u)g)g9_9_9_IWIW ^<< + + +'1 *l:]y 1O \AZ"Arial RegularO        @  Mortg.'1**`mYgJ]]-1t"Jpo-'1"m ]zO \AZ"Arial RegularO@@@        @  Note%1"dKO \AZ"Arial RegularO@@@        @  TrusteeWPC XX81%,0;$3'XXXXKKKK ? 333???OOO___fffooo337I9_<u?EHLfr3Lf̙ݲ3-7%Pf$,3F3YMlf3-:%Sp&99VMrds339I?_LuP$Y,_3f@vLYfr~33?G%I[*Lk/_3f:r?DINSW\af33 ?CLT(_d6ltCQ^]ZXVTQOL,+?8LE,YR:j^IkWxfZMA4̦'ج3?L_l$,3?K+W@cVok{.3:?ELQ_\lhsp`P)@71E!S`n 3 ?4L&H_9]lLq_ȑؒ'3@LZf&sy9L_r̅҇ىߊ1% H9`Lx_$r-6?ǥRϲe׿x̋ٝ-F#W$'l6,L1Y6r:?̌O̙_եo߯经ǟӯ߿33L@_,MuFZYffs̙ҟ٥߬油9.%L@1p3L@ -!O, \AZ"Arial RegularO     L@   @pL@  SSD..l ..l  .. Coronets..s....D..DJIB.+ %13\    qqqqq    ! ! !!q!q!q"q"q"h"@   qqqqq    ! ! !!q!q!q"q"q".+%L@1p3L@" >"A$O, \AZ"Arial RegularOxxx     L@   @pL@  Mtg"<8 wNO, \AZ"Arial RegularO@@@     L@   @pL@  $550,000" !)%F#O, \AZ"Arial RegularO@@@     L@   @pL@  Assign."d+'1MO, \AZ"Arial RegularO@@@     L@   @pL@  $500,000(90.91%).+$$%13 `-`->>SlideShowT5OT5OMain w