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<br />-'��'� �� ��� 2.04 Mont lv DepQSIt�. Borrower shall� upon requeat of Lender. deposit with Lender, _
<br />- on the due date of each installment under the Note,an amQU�ma�a�tthe Lenderfrt ble sufficient �,`
<br />������ early taxes and assessments and insurance premiums as es Y �.-
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<br /> ,�,i to pay such taxes and assessments required to be paid herein and such insurance premiums as are
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<br /> � # required to he paid to maintain th�insurance required by the Loan Agreement; said deposits to be
<br /> . � held and to be used by Lender to pay cunent�ea ���Yab ee Payment from sa d sums for a d �
<br /> : � c har g e s o n t h e C o l l a t e r a l a s t h e s a m e a c c ru P =
<br />- purposes shall be made by Lender at its discretion and may be made even t houg h suc h pa y m e n t s _
<br /> =� �' .. will benefit subsequent owners of the Collateral. Said deposits shall not be,nor be deemed to be, a
<br />�-. trust funds�but may be, to the extent permitted by ap�eli sbs�lae�uffim�ing�o p y����xes and
<br /> f u n d s o f L en der w i t h o u t p a y m e n t o f i n t e r e s t. I f s a i d I w �
<br /> � assessments, insurance Premiums a�d other charges in full as the same become payable, Borrower
<br /> will deposit with Lender such additional sum or sums as may be required in order for Lender to
<br /> � � pay such taxes and assessm�nts, insurance premiurns and other charges in full. Upon any Event
<br /> of Default, Lender may, at its option, apply any money in the fund relating from said deposits to
<br /> the payment of the Loan Obligations in such ma�er as it may elect.
<br /> ; , 2.pg G9ndemnation.
<br /> ___.� ._ r P a chall be damagecl or taken through condemnation(which
<br />_ --- I f a I t u� a n y p a r t a f t h e..Q l l a i_r_1 an overnmenta l
<br />�� term when used in this Deed of Trust shall include any damage or taking by y g
<br /> �� � authority, and any transfer by private sale in lieu thereo�}, either temporarily or permanently
<br /> • (however, no temporary taking which lasts thirry (30) days or less shall be deemed to be a
<br />�- j,- �� condemnation subject to the provisions of this Section 2.05), other than a taking of a part of the
<br />;;.. � ..: �= Collateral which does not in Lender's opinion adversely affect access to or use of the Cotlateral
<br /> ;;. � s or operation of the Facility,the entire I.oan Obligations secured hereby shall at the option of the
<br /> � °"' Lender become immediately due and payable.
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<br /> �-�. - �-• � Borrower, immediately upon obtaining knowledge of any institution, or any proposed,
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<br />_���c�.,- ' contemplated or threatened institution of any action or proceeding for tlie taking throug
<br />==°•�- '{? condemnation of the Collateral or any part thereof, will notify Lender. and Lendez� is hereby
<br /> ' ��� authorized, at its option, to commence, appear in and prosecute, through counsel selected by
<br /> - I.ender,in its own or in Bonower's name,any action or proceeding relating to any condemnation.
<br />� �� -�•- { Borrower may compromise or settle any claim for compement to Lender not less• h nthDentirle -
<br /> �,�,
<br /> ..�r�a=� exists and any compromise or settlement results�n a pay
<br /> :.. . ��
<br />-- ' "' . uutstanding principal balance of the Loan and accrued and unpaid interest. If an Event of Defau t
<br /> " exists, Lender shall have the sole and exclusive right to compromise or settle any claim for
<br />� ' " �` compensation. All such compensation. awards,damages, claims, rights of action And proceeds �
<br />- � and the right t hereto are here b y a s s i g n e d b y B o n o w e r t o Lender, and Lender is authorized, at its
<br /> �-:-
<br /> � � option, to collect and reGeive all such compensation, awards or dam�ages and to give proper
<br /> : receipts and acquittances therefor without any obligation to question the amount of any such
<br />. compensation, awards or damages. After deducting from said condemnation proceeds all of its
<br /> expenses incurred in the collection and administration of such sums, including reasonable
<br /> 9
<br /> 489&46.3
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