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<br /> apply the procee8s of any in�usance, 1p1d�ments, or
<br /> . settlemen�s made fn lieu thereof, foz �a�mag� to the
<br /> Trust Property; .
<br /> (f� the right, sn the name and on h��ha�g o€
<br /> Grantor, to appear in and defend any acticn..or �
<br /> -- proceeding �rz,��gh� with resgtiect to tihe Truo� Property
<br /> = and ta comm�nce an� action o� procee�ing te prateet the
<br /> int�r�C of Heneficiary in the Trus�t P�coperty;
<br /> '�� �'O EAVE AND TO HOL� the above graa�e� amd described
<br /> Trust Praperty unto an8 to the u$e and benefit o� Trur��ee, aad
<br /> the succe3sors aEad assigns of Trustee, �orew�r.;:. � � .`
<br /> IN TRUST, WITH POWER OF SALB, to s�cu�e th� paym�nt to
<br /> Beneficiasy of the Qeb� at the time an� in .�hr� �anner provided
<br /> €or its payment in the Note and in this L�e�±�.c�f Trust;
<br /> PROVZIDI3D, H4WEVER, theee prese¢�ts are upan the express
<br /> condition that, if Grantor shall we1l �a�d truly pay to
<br /> Beneficiary the Debt at the ti�ne and f.uu the manner provided in
<br /> __� , tt�e Note and �h�s Deed of Trua� and ehaal well• �nd truly ab�¢�P by
<br /> and eomply with �ach and every� covenant and condition set f¢��b �
<br /> herein and in th� Hote, �these presents asid ttc� estat� �:�reby
<br /> . granted s�h,all cease, t��'snate anc] b� a�¢z�;
<br /> - t�1�ER 1�I� SOBJBCT, nevertheles�, t� i�he lien of a
<br /> certain deed of trssst of even date herewith given by Grantor to
<br /> Irving 8. Ep$tein for the benefit of Ffr�t American Hank of New �
<br />— York �the "First Deed of Trust") to $ecure a note in t�e origfnal
<br /> principal amount of $9,515,424.00; -
<br /> AND Granto.r represents and warrants to and covenan�� ` '—
<br /> anr� agree� wfth eenefiefa�y as follows: � '�—
<br /> 1• Pavinent e�f Debt ancl Incorporation of Covenan��T
<br /> Conditions and A. r�ements. Gran�oz will pay t�.e Debt at the time
<br /> i- an is� the manner prov ed in the Note and in thfs Deed of Trust. ' 1
<br /> All �he covenants, conditions and agr��ents contained fn (a) khe •
<br /> Note and (b) aIl and any of the doausaer.n�s other than the Note or
<br /> : thia Deed of Trust now os herea:�C�r executed by Grantor and/or ' ��
<br /> others and by or i� favor of B�ri+��iciary, which wholl� or ��_�'�
<br /> partially secure or guaranty payment cz� the Note (the �'Other "`
<br /> Securfty Uocuments"), ar� hereby made a part of this i�ed of
<br /> - Truat to the same extent and w3th the sa.�ne force as if fully set
<br /> , forth herein.
<br /> ' 2. Wazrantv of Tftle. Gran�ot warrante tisat Gran�or
<br /> _ has good tf.�le to the Trust Property an� has the righ� �o
<br /> mortgage, give, grant; bargain, 8e11, aLien, enfeoff, convey,
<br />�� confirm, pledge, assign and hypothecate the same and that Grar►tor
<br /> possesaes an unencumbered fee estate in the Premises and the
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