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:,.�._ .. - .� . . .- . . .: __ <br /> ...-- - = - r,ikL...a��.rar .,i} � ' .4. Nn»s:; s�,. '.; � 4j�`}c c {'Sii:' c - _ ,'..':�ti�'�+r:�_. <br /> =� , ��,r�y� ,t,� 3�! 1`� F�}"�`� °:"<?.ci.iG.. ti�'E.-....'.:'� � � ,�{S��g',=�'"4 '3`,, r <br /> .._ �_�b�k��iu3tdF;����W�3'�� ,7`� �� 5?titk'"��SSF`, �8•. �' i s�`vr.:' } ts' } 4 �'ti � `t lw.r..,,-� <br /> =��1`�leiraz'-t�i�fc�F i � �7�� . ��?Hi�4.�R[tSM�l��5�, �5�.�-- <br /> '__'_.v.. �'��'.$.�PII�� ,_�_��k��_'°'�`_ _ _ <br /> � � <br /> . , gQ--= }�i38� 9��'��i <br /> � to Qr th�ough any eontrac�or or mat�rialman to whom <br /> payment is due or to or through a const�uctioa escrow <br /> to be maintained by a title insurer acceptable to <br /> Beneficiary. He�neficiary may i�pase s�ch further <br /> conditions upon the release of insurance praaeeds <br /> �including the receipt of title insurance) as are , <br /> customarily impesed by prudent construction ler.ders to , <br /> in��re �e completion of the restoration work free and� , . <br /> clea� �� all liens or claims for lien. All title . : <br /> ins�sa�n�� ��arges and other costs and expenses pai� t.�. <br /> or for t�e �ccount of Grantor in coanect��n with the � <br /> re3.ease of such insurance proceeds shall �anstitute so . . <br /> muc� additional indebtedness hereby secured ta tre � <br /> � - payable upon demand with interest at tY�.� �efault � <br /> " Rate. Be�eficiary may deduct any such �sts and <br /> - � expenses from ins�xrance proceeds at any tame standing <br /> � in its hands. if ��antor fails to request t�a� <br /> � insurance proceeds be applied td the restoratiz�n of the <br /> improvements or if Gra�t�z mak�s such a request but <br /> ' fai�s. to complete resto�a�ion w=�hin a reasonable time, <br /> Be��f iciary shall have the righ�q but not the duty, to <br /> restore or rebuild said Mortgaged Premises or any par� <br /> thereof �or or on behalf of Grantor in lieu cf applying <br /> � said pra�e�3s to the in��btedness here'�y secured and <br /> for such �wrpose may do all necessary acts. includinc� <br /> using funds deposited by Grantoz as a�azesa'sd and <br /> advancing additio�.�al funds for t�e gu�mase of , <br /> restoration, all su�h additional �unds to cons{��tute <br /> part of the indebtedness hereby secure� payable upon <br /> demand with interest at the Defaul� Rate. <br /> 10. F.minent Domain. Grantar acknowledges that <br /> Condemnation Awards have been assigned to Trustee, which awards • <br /> Trustee is hereby irrevocably authorized to collect and receive, - <br /> and to give appropriate receipts and acquittances therefor, and <br /> at Heneficiary's optian, to apply th.� same toward the payment of . , <br /> the ameunt owing on account of the ir.c�l�tedness hereby secured ir�. __ <br /> sucb erder of a�plication as �eneficiary ^ay elect and whether or �i:� <br /> not the same may then be due and payable or otherwise adequa�ely <br /> secured, and Grantor covenants and agrees that Grantor will giv� � <br /> Trustee ar�d Heneficia�y immediate r��`tice of the actual or , <br /> threates:�d commencement of any proceedings uncler condemnatfon oz <br /> eminent domai� affecting al�i or any part oE the Mortgaged �� � <br /> Premises incZuding any easement therein ar appurtenance th�Peof :,� <br /> or severance and con�e�uential damage and change ir� grade of . <br /> streets, and will de�`ver to Trustee and Heneficiary copies of <br /> any and all papers sezved i� connection with any such pra-� <br /> ceedings. Gr�ntor further cavenants and agrees to make, �xecute <br /> and deliver ta Trustee and Beneficiary, at any time or ti:�es upon <br /> request, . free, clear and disch�zgec� �f any encumbL�nces of any <br /> kind whatsoe��r, any �rd all furtt�rs assignments aad/or instru- <br /> ments deemed n�cessary by Berc�iciazy for the purpose af �aalidly <br /> _ �- .. <br /> U � � _� _ <br /> . .� <br /> � � � . J ���� <br /> ..�..� <br /> ,.�. <br /> . �� <br />. � � <br />