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<br />5. Insurance and Insurance Proceeds. Grantor shall, at its sole expense,
<br />obtain for, deliver to, assign and maintain for the benefit of Beneficiary, until the Obligations
<br />are paid in full, insurance policies as specified in the Loan Agreement subject to Section 9.16
<br />thereof. In the event of a casualty loss, the net insurance proceeds from such insurance
<br />policies shall be paid and applied as specified in the Loan Agreement subject to Section 9.16
<br />thereof.
<br />6. Insurance and Tax Escrow. At any time after the occurrence of an Event
<br />of Default and if required by Beneficiary, the Grantor shall pay the Beneficiary monthly,
<br />together with and in addition to the payments of principal of and interest on the Note and any
<br />sums due under any of the other Loan Documents, an amount determined by the Beneficiary to
<br />be necessary to enable the Beneficiary to pay all taxes and insurance premiums one month
<br />before the amounts due for such taxes and insurance premiums become due. If the total
<br />payments made to the Beneficiary pursuant to the preceding sentence are less than the amount
<br />required to pay any taxes or insurance premiums one month before they come due, the Grantor
<br />shall pay the Beneficiary, on demand, the amount necessary to make up the deficiency. If
<br />there is an excess of such payments, the excess will reduce subsequent payments required
<br />under this Section 6. Amounts escrowed pursuant to this Section 6 may be commingled by
<br />Beneficiary with the general funds of Beneficiary. No interest on funds escrowed hereunder
<br />shall be paid by Beneficiary to Grantor. If an Event of Default has occurred, the Beneficiary
<br />may at its option apply any amounts received pursuant to this Section 6 to the payment of the
<br />Obligations in such order as the Beneficiary may elect.
<br />7. Compliance with Laws. Grantor agrees that it will comply with all
<br />restrictions affecting the Mortgaged Property and with all laws, ordinances, acts, rules,
<br />regulations and orders of any legislative, executive, administrative or judicial body,
<br />commission or office (whether federal, state or local) exercising any power of regulation or
<br />supervision over Grantor, or any part of the Mortgaged Property, whether the same be directed
<br />to the repair thereof, manner of use thereof, structural alteration of buildings located thereon,
<br />or otherwise.
<br />8. Condemnation. Grantor hereby assigns to Beneficiary, as additional
<br />security, all awards of damage resulting from condemnation proceedings or the taking of or
<br />injury to the Real Property for public use, and Grantor agrees that the proceeds of all such
<br />awards shall be paid to Mortgage as specified in the Loan Agreement.
<br />9. Beneficiary's Right to Perform. Grantor agrees that, from and after the
<br />occurrence and during the continuance of a default under this Deed of Trust, Beneficiary may,
<br />but need not, make any payment or perform any act hereinbefore required of Grantor, in any
<br />form and manner deemed expedient after reasonable inquiry into the validity thereof. By way
<br />of illustration and not in limitation of the foregoing, Beneficiary may, but need not, (i) make
<br />full or partial payments of insurance premiums which are unpaid by Grantor, prior or
<br />coordinate liens or encumbrances, if any, (ii) purchase, discharge, compromise or settle any
<br />tax lien or any other lien, encumbrance, suit, proceeding, title or claim thereof, or (iii) redeem
<br />all or any part of the Project from any tax or assessment. All money paid for any of the
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