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201504188 <br />architects, or their professional consultants supplying professional services in connection with <br />the Property. <br />6. Insurance. Trustor shall maintain insurance on the Property in scope and <br />amount customary and reasonable for the business in which Trustor is engaged. In the event of <br />any loss or damage to the Property, all insurance proceeds paid to Trustor payable as a result <br />thereof shall be payable to Beneficiary and applied to the outstanding Obligations secured <br />hereby. <br />7. Actions Affecting Property. Trustor shall appear in and contest any action or <br />proceeding purporting to affect the Property or the rights or powers of the Beneficiary or Trustee <br />hereunder, and shall pay all costs and expenses, including cost of evidence of title and <br />attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. <br />Should Trustor fail to make any payment or do any act as and in the manner provided in any of <br />the Loan Documents, Beneficiary and /or Trustee, each in their own discretion, without obligation <br />to do so and after written notice to or demand upon Trustor and without releasing Trustor from <br />any obligation, may make or do the same in such manner and to such extent as either may <br />deem necessary to protect their respective interest in and to the Property. Trustor shall, <br />immediately upon demand therefor by Beneficiary or Trustee, pay all costs and expenses <br />incurred by Beneficiary or Trustee in connection with the exercise by Beneficiary or Trustee of <br />the foregoing rights, including without limitation costs of evidence of title, court costs, appraisals, <br />surveys and attorneys' fees. <br />8. Condemnation. Should the Property, or any part thereof or interest therein, be <br />taken or damaged by reason of any public improvement or condemnation proceeding or in any <br />other manner including a deed in lieu of condemnation, or should Trustor receive any notice or <br />other information regarding any such proceeding, Trustor shall give prompt written notice <br />thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other <br />payments or relief therefore which shall be applied to the outstanding Obligations secured <br />hereby. Beneficiary shall be entitled, at its sole option, to commence, appear in and prosecute <br />in its own name any such action or proceedings. All such compensation, awards, damages, <br />rights of action and proceeds awarded to Trustor (the "Condemnation Proceeds ") are hereby <br />assigned to Beneficiary to the extent of the Obligations secured hereby and Trustor shall <br />execute such further assignments of the Condemnation Proceeds as Beneficiary or Trustee <br />may require. Condemnation Proceeds shall be payable to Beneficiary and applied to the <br />outstanding Obligations secured hereby. <br />9. Leases and Rents. Trustor agrees that Beneficiary has the right to enter the <br />Property for the purpose of enforcing its interest in the Leases and the Rents. Nevertheless, <br />subject to the terms of this Section 9, Beneficiary grants Trustor a limited license to collect the <br />Rents. Trustor shall hold the Rents, or that portion thereof sufficient to discharge all current <br />sums due and unpaid by Trustor under the terms of the Notes, whichever is less, in trust for use <br />in the payment of the Obligations. Trustor further agrees that it will not cancel, terminate, <br />amend or modify the Leases without the prior written consent of Beneficiary, which consent <br />shall not be unreasonably withheld. <br />Upon the occurrence of an Event of Default (as hereinafter defined), Trustor's limited <br />license to collect Rents shall automatically terminate, and any Rents previously collected and in <br />Trustor's possession shall thereafter be held in trust for use in payment of the Obligations. <br />Beneficiary may enter upon the Property, collect and retain the Rents and apply the Rents <br />toward payment of the Obligations in such priority and proportions as Beneficiary in its <br />4 <br />