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-;.�.�:. ..: __ .- . .. _ <br /> . st�iTri�aaa�r:,"t✓l.-.�::.?:.� i � �i�t �;�a}��S �` c-.� t- e t S�'- �y. �Sy�$t�',^�) rc.S:;,f• � _ ""'�o -v, " j �t;ti � c ���E.c�. �y�,_��` u <br /> �!�i�nSs�i'`.e�IIrASL"�i_�:a�b.6S1.�i��l.resc�i.�i� �.�3r�i7k�. ��L�fii�S�"l��a Y71�Li�aiC��.�a�f��v,�1H'v� <br /> - - — - =- ��:ticE�x�i7`•,�?.3..�� -- <br /> � � - - � <br /> � . <br /> � � . <br /> f • <br /> � <br /> � . � � ���= ioo�r�s <br /> 1.12 Condemnation. (a) Should thfs Property cr . <br /> � an�. part � thereof or interest therein be taken or damaged by <br /> season, of any peiblic improvements ar condemnation proceeding <br /> or i�:_any.� other sfmilar manaser (��Condemnaticn��? , or shouid <br /> Tsu�tqr. rsceive any notice or other informatian there�f, <br /> Tru�tor. shall give prompt writters notice thereof to Bene- <br /> f�ciary. <br /> . (bj Unless atherwise required by the Ground <br /> Lease, in the event of a Conaemnation af taais Prcperty or <br /> any part thereof and .if Trustcr shall e3ect not to repair or <br /> r�store this Property, or if an Event of Default (as <br /> b�r�inafter defined) shall have occurred anr� be continuing <br /> bereunder, Beneficiary shall recesv� a3L compensation, <br /> awards and other payments or re2fef tY���fos .�d� or granted <br /> (!k?ae "Proceeds") and shall b� entit��i, �� 3eneficiary's <br /> ogtion, to commence, appear irF, �,.�d�pra���ut� �: �its o�m nam� �. . � <br /> any action or proceeding i� �onn .��a� ��$w�t#xd.. All <br /> � - Proceeds shall be deem�3 assigned t�a B�x�ficx�, and � � <br /> � � � Trustor agrees te execut�e sDSCI� further as��.c�nenits of the . � �. <br /> .. - Proceeds as Beneficiary may rec�si�re. eenefi��i�ry shall have <br /> the right to recefve and appl�y all such L�t�ceeds in the � <br /> manner set forth in Section 1.07 (b) hereof as if the � <br /> � Preceeds were insurance proceeds. Such application or <br />: � � . release shall not, by itself, cure or wai.�re any def�ult <br /> ' hereunder or notiae of d�fault under this D��� of Trust or <br /> ' in�alidate any act done pursuant to such notice, an� shall ' <br /> affect the lien of tbis Deed of Trust only te the �:�ent of � <br /> a reductia� in the amaunt of said T.ien by the a=naunt so �� <br /> applied. . <br /> ',_�- <br /> (c) Unless otherwise required by the Ground - <br /> � Lease, in the event of a Condemnation and Trustor shall <br /> elect to repafr and restore this Property, if an Event of � <br /> Default shall not have occurred and be continuinq hereunder, - <br /> Trustor ahall be entitled to receive all Preceeds and <br /> Trustor shall apply the Proceeds to the payment of the costs `�.: <br /> and expens� o€ repairirzq and restoring this Propertp� — <br /> (d) Urr�ess otherwfse requfred by the Ground <br /> . Lease, it Sect�a�n 1.12(b) shall qovern because af the � <br /> occurrence and c�ntinuance of an Event of DefauZt, ! - <br /> Heneficfary alone shall have the right to settle, adjust or <br /> compromfse any claian in connection with a Condemnat�on of <br /> this Property. �n all other cases Beneficia ��� <br /> ry and Trustor <br /> ehall consuit and cooperate wfth �each other nnd each shall �' �- <br /> be entftY�r3 to particfpate in alb meet�nqs and neqotiations <br /> wfth respac.°�C to the settlement of such �laim. <br /> -11- <br /> U ;'----=-- <br /> . ,�t <br /> I_ - � � <br /> � <br /> �� <br /> Ca- .L <br /> � � <br />