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<br /> ' � , ° tebuildisgbe submitted to and approved by BeneSciary prior to commencement of � .�;:_
<br /> �� "�: � w o r k. T V o p a y m e n t m a d e p rior w"the finai com pletion of the r�storation,xegair, -
<br /> _- ,-`�`° reptacement�d�+e6nitdir�g shall exc�runety gercent(9�%)of the value of the :_:
<br /> � w o r k p e r f o r m e d from time to mn�fuads other tban procReds of insuraace shaU be ���.�°;
<br />_ ���'�`�:;�,•� 's ' disbutsed prior to disburseraent of such proceeds;and at atl times,the undisbw�sed
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<br /> . . er v�ith funds t .
<br /> _ . .. b�tgace of suc6 praseeds remainin8 in�►e hands of Beaeficiacy,toP,eth
<br /> , , ' degasit�forthatpurposeorirrevocabtycommittedtathesatisfactioaof8en�ficiary ��.
<br /> � =.'. ���, by or on behalf of Trustor for that purpose, shall �e at least su�cient in the �
<br /> �',`,•' � � � , res�sonable jadgment of Benefciary to pay for the cust of completion of t�e ,
<br /> ` � ` • cestota�oa,aepair,repIaoementor rebuilding,free and clear of all liens or claims for .
<br /> • ' .`•�°.,� , � � llcn. My swplus whichmay remainuut of insurance praceeds held by Beneficiary . ,
<br /> . �, � ;, � a4�t paytrtent of such costs af restoration,rePair,replacemeat or rebtrildiag sbali be
<br /> � � . P . . paid to anY A�Y entitteQ thereto. � . _ --
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<br /> . �:.�'�:'.•:k`:`� . � a C�,�dennnaHnn: T�rsh�llpro�P�Ybj�Bene&ciarywriuenn4ticeofth�ac� �
<br /> . "_ ` or tiuet�ea�ed eommeticemem of any cot�demnadoa or �eminent. domain praceeding (a
<br />: . ' �:' `�`, . .,'�andemnm�an")and shail c�eltverto�eneficiary copies of am�and all papers served ia conaectioa
<br />: . .:�:.�.:�:, . wttb�sucb Condemnatioa. Followtns t�e occunence of a Condemnation,Trustor,regardless of . ...
<br /> � '"��� . � whctheranAward(her+eini�fterdefinc�isava�a6le,shaUprompttypmceedtocestore,�pair>�P� .
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<br /> �:'� . ' . �or robuildthe sar�te to the extent pracdcabteto be ofat least equal vatu�e attd of substaatiaUythe same .
<br /> . �..�''.�W�,' ' cqataci�r os pr�ar to such Condemnatiow all to be e!�'ected in accordance wi�a applicabie law. .
<br /> �. � ��:r; . � .- � -
<br /> `.:� • (�) � Heneticiary is hereby irrevacably appointed as Trustor's attomey-ia-fact, .
<br /> � . '� �:�� �
<br /> . �. .,' .� '�.` coupled w�th an int�rest.witb exclaasive power to eollect,�+eceive�ad�ta€n anq award or �.�, -
<br />_ � �. ;.�......y., ; paym�nt( E11�id )foranytaktagaccomplishsdtHmu�baCondemna�ioa(a"T�')� '';' �
<br /> . � '.�-�.'- �o make&ny compramise or seutement iA connection with such Condeau�on,su�3ect to..� ��.
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<br />='-:-�� thc p�yisio�s of tbis ;� af Tr�si. N�otwith.,.•t�n�ing any Tadsing by any p�btic�oT. � � `
<br /> :.;7 quasi•pablic authoriry(�neluiding, without timitation;any transfer made�in tieu of or ia .. .
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<br /> . , � ,. ,.,� unticipat�onof such a T�Iti�g).Tcustor shari continue to pay the Debt at t�e wne aud ia the ::=; _
<br /> ��` � ,� �.� .�� � manner.provt8ed gor Ia the Note,in this Deed of Tn�st and the other Loan D�camems aa� `` _
<br /> ' :�:�= tho Debt ahn8 nat b�reduced uatess and until any Award sball have been acwalty i�ceived
<br /> R, � � .�z � ettd a lledb 0sneticl to ex nsesof collectiagthe Award and to dischatge of t�e Deb� ;�
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<br />� .� {39rteitclapy et►�11 not be limited to t�e interest paid on the �Plward by the condemning .'�
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<br /> 7� . �,_,�:..� :,� � . eutlt�ritybulshollboentitledtoteceiveoutoftheAwardinterestatthe�or�P�� �.`
<br /> ' ��.� in tDi�Nuta Tn�stor Bhall causc any Award that ea payable w Trustar to be paid dir�cdY ta
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<br />�'`:: �." . ._� .�...�.� (b) In th0 event of a Restoration Ooademnat�on(hereinaftcr defined)then,if no . ' a
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<br /> � � � � • �vent of Defoult shA�l Qtove accurred atid be then continuing,the proceeds of the Award .., _
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<br /> � ,< (al3etretmbusscm�ntofnnyexpensesincurredbyHeneficiary)shallbeapptiedtoreim6urse . � -
<br /> � �'� � Ttustor fut th�cost of restoring,repuirtng,replacing or rebuildia�the Tnist Property or part � . ._
<br />.�:' �. thereofeubJectto Coademnatton,in the manner set forth below. Tivstor hereby covenants �f
<br /> �.: : : ... ° r' and ageecs to commencc atd dlllgendy to pmsecute such restoring,nepairin8;replacmg o� `
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