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2� 15�8�57 Se�tion 2.3 - Insurance, Dama�e and Destru,ction. The Trustor shall, at its sole expense, �b�ain for, del�ver to and mainta�n for the benefit af th� Beneficiary during the �erm of this Deed of Trust, such insurance co�erage as is set for�h an Exhibit B attached here�o,and such o�her insurance as Benefic�ary may reasonably requ�re. � The Trustor shall pay promptly,or cause to be paid promptly,when due,the premiums of suCh insurance policies and any renewals th�reof. The form and substanCe of such policies and the companies issuing them shall be acceptable to the Beneficiary. Trus�or hereby assigns ta the Beneficiary, as further securi�y, all unearned premiums an any �nsurance policies and renewals described in this D�ed af Trust. In the e�en�of the foreelosure af this L7eed of Trust or any other transfer of title to the Mortgaged Property in extinguishment of the Secured Indebtedness and other sums secured hereby, a�l right, ti��e and �nterest of the Trustor in and t� all insurance palicies and renevvals�hereof then�n force shall pass�o�he purchaser or grantee. In case of lass cfl�ered by policies of insuranc�, the Trustor may take such action as it may reasonably and in goad faith deem appropriate t❑ adjust and colle�t for any Iosses so Iong as: (i} Trustar is, in the reasonable opini�n of the Bene�ciary, diligently pursuing the adjustmen� and collection of any such insurance and, �ii} the loss must b� set�led and ad�usted, or litigation must ha�e b�en commenced with respect tio the Ioss, within eigh�een �1 S} months of the loss; otherwis� th� Beneficiary�whether before or after the forec�osure sale� shall be auth�rized at its option and wi�hflut the cnnsent of Trustor ta se�tle and adjust any c�aim arising out of such policies and collect and receip� for the pr�ceeds payable therefrorn. Any expense incurred by the Beneficiary in the adjustment and callectian af insurance proceeds {including vvi�hout limitation the cost of any independ�nt appraisal of the loss or damage on behalf of B�neficiary} sha�l be reimbursed to �he Beneficiary first �ut of any proceeds. Sub�ect to the conditions in the follow�ng paragraphs, if no uncured E�ent of Default �hen ex�sts, the net proceeds a�ailable following damag�or destruction of the Mortgaged Property shall be used to restore and r�pair the Mor�gaged Froperty if such proceeds are sufficien� to do so. If such proceeds are insufficient to restore or repair the Mortgaged Property to its condition priar to the lass, reasonable wear and tear excepted,or an uncured E�ent vf Default exists or if the Trus�or is unable to satisfy �he canditi�ns in the following paragraphs, the proceeds shall be used to pr�pay the Secured Indebtedness. The Trus�flr sha11 have the right, exercisab�e by written notice�o Beneficiary within s�xty�64� days aft�r the occurrence af a loss described above, to apply the net proee�ds of any�nsurance award to repair, restore, or replace the Mortgag�d Property to its condition immediately prior to said loss; provided�hat in the opinion of Ben�ficiary a�l af the following conditions have been met: A. There are sufficient praceeds availab�e ta c�mplete the repair, restoration, or replacement. B. �f the work is structural or if th� cost of the work, es�imated by Beneficiary, sha�1 exceed �ne Hundred Thausand and Nfll l�� Dollars �$1�4,�4�.�4}, plans and specifications for such work will be prepared by a Iicensed architect satisfactory to Beneficiary, which plans and specif�ations will be subject to approval by Beneficiary and an inspecting architect acceptable ta Beneficiary and such � architeet shall certify that su�h repair, restoration or replaceme�at can be cornpleted at leas� six (�� manths prior t� the Maturity Date �as defined in �he Loan Agreement}. �