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(i) Interest on the unpaid principal balance of the Note; <br />201400400 <br />they become due, the Taxes and Other Charges and the Insurance Premiums (the "Escrow <br />Fund "). The Escrow Fund, if any, and the payments of interest or principal or both, payable <br />pursuant to the Note, shall be added together and shall be paid as an aggregate sum by <br />Borrower to Lender. Borrower hereby pledges to Lender any and all monies now or <br />hereafter deposited in the Escrow Fund as additional security for the payment of the Debt. <br />Lender will apply the Escrow Fund to the timely payments of Taxes and Insurance Premiums <br />required to be made by Borrower pursuant to paragraphs 3 and 4 hereof. If the amount of the <br />Escrow Fund shall exceed the amounts due for Taxes and Other Charges and Insurance <br />Premiums pursuant to paragraphs 3 and 4 hereof, Lender shall return any excess to Borrower <br />or credit such excess against future payments to be made to the Escrow Fund. In allocating <br />such excess, Lender may deal with the person shown on the records of Lender to be the <br />owner of the Mortgaged Property. If the Escrow Fund is not sufficient to pay the Taxes and <br />Other Charges and Insurance Premiums when due, Borrower shall promptly pay to Lender, <br />upon demand, an amount which Lender shall estimate as sufficient to make up the <br />deficiency. Upon the occurrence of an Event of Default, Lender may apply any sums then <br />present in the Escrow Fund to the payment of the following items in any order in its sole <br />discretion: <br />(ii) Amortization of the unpaid principal balance of the Note; or <br />(iii) All other sums payable pursuant to the Note (including the Prepayment <br />Consideration), this Security Instrument and the other Loan Documents (including <br />taxes and insurance premiums), including, without limitation, advances made by <br />Lender pursuant to the terms of this Security Instrument. <br />Until expended or applied as above provided, any amounts in the Escrow Fund shall <br />constitute additional security for the Debt. The Escrow Fund shall not constitute a trust fund <br />and may be commingled with other monies held by Lender. No earnings or interest on the <br />Escrow Fund shall be payable or credited to Borrower. Upon payment in full of the Debt, <br />any amount remaining in the Escrow Fund shall be paid and disbursed to Borrower. <br />6. Condemnation. <br />(a) Borrower shall, upon obtaining knowledge thereof, promptly give or shall cause Lessee <br />to promptly give Lender written notice of the actual or threatened commencement of <br />any condemnation or eminent domain proceeding and shall deliver to Lender copies of <br />any and all papers served in connection with such proceedings. Notwithstanding any <br />taking by any public or quasi- public authority through eminent domain or otherwise <br />(including but not limited to any transfer made in lieu of or in anticipation of the <br />exercise of such taking), Borrower shall continue to pay the Debt at the time and in the <br />manner provided for its payment in the Note, in this Security Instrument and the other <br />Loan Documents and the Debt shall not be reduced until any award or payment therefor <br />shall have been actually received after expenses of collection and applied by Lender to <br />the discharge of the Debt. Subject to the terms of the Lease, Lender shall not be limited <br />to the interest paid on the award by the condemning authority but shall be entitled to <br />- 13 - <br />