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90- -10535
<br />and, when reriseeetad by inch:, WWrM r shall pmoptly furnish to Larder all
<br />rarwel notices and all svoeipts of paid paaesiuhss0 At least thirty days prior to
<br />the aoepiraticn data of a policy, Basaawr• shall delhW to IMAw a ranftml
<br />policy in faam mtitsfaatcry to Landon.
<br />During do cartes of any oantUcti,oin oar restoration of the the
<br />folloarirg oowra gem shall alas be srealuirdr aaa awtnnsivia public liability
<br />Me=" in the amm* of Three Killion Dallaors ($3,000,000.00) Iinaluding
<br />coviaarsale Eat 4bri wx and escalators, if any) an an "co urranoe basis» against
<br />claim fber pere nal injury includirg, withart limitation, bndlly ink, death,
<br />oar dmhsge ocausrrirg on, in, oar about the ftWwzty wnd the a#obdlq
<br />stn F .and passetcgaessysI Much irhwsanca to affmd lundiate sininn
<br />protection to a limit satisfac.WtorQr to Isndw with ssspect to pea<sanal injury or
<br />death to any coo oar core W1 U-- or .cis omp to parcparty; wml=r *s vaspansatian
<br />insurance (inaluarq espsaysr's liability+ , if regluestsd by Iender) for
<br />all asplvyees at 9=0= e- F111 $ an oar with rrfsF A to the Propaaty in such
<br />msaaart as is satiaaf`actory to Xwdear, ar, if such aseosants are .mil' �� by law,
<br />in ouch arsoasntst and builder's coot -aatad value risk inhwaranae against *all risks
<br />of physical Loss," indludiM collapse and transit canerage, during contstructien
<br />of the irhp wamaants, ir, air +�POrt fora, oaew�erirq the tdW value of wor3c
<br />perfaacsd and eq}sa� XAM t, Fwpplr ids, ward mstarials Amidud. said policy of
<br />insmarce shell vztain -the "permiesim to 000hapy upon completion of work 'or
<br />OOM4P11 W of 4 4 .
<br />In the Ove tC of any loss g wowed by any sudh poliaios, Bor=w er shall give
<br />ice :diato *.a.'ittan .rtttica to the irm-Awc-a-" cak-rie-r std ao LrnCnr. Bmxuww hereby
<br />low, to adjust oa�aise mWclais w4ar insLaum to � �°of of
<br />and mts any action axis policies, to appear in
<br />pc�so'c irg fY+osi such irswararhoe policies, to collect as:,,d
<br />reosivis inowanoo pew, and to dsihct awrar n Is xw,,s uses in=%vd in
<br />the collection of a uclh prooeads; provided, hacrwver, that nothing oontained in
<br />this pars ph dkNU regisiry Lrdw to incur any aparrs or take any action
<br />tnr+wadw. Boo:ra war iuther authorizes Landes*, at imid is option, (a) to hold
<br />the balance of wash Proceeds to be used to reimburse Borrower for the cost of
<br />or repair oft the P=npetty, or (b) to apply tine balance of sach
<br />prvoseds to the mm net of the suer maxed by this Dwtrum*, 4wthw oar not
<br />then due, in the order of application set forth in paragrapfh 3 hereof.
<br />If this irssnrarm pttaoehsds are held by lancer to reimbhhsee Boarroaaer for U14
<br />cost of syectac UM end Muir of the ParQpaarty, the Property Mall be restored to
<br />the e0dvaleatx of its oe: iginsl condition oc s ichh obw condition as Larder sexy
<br />apptare in writing. Lander may, at L %Jer's option, condition of
<br />sonic Proceeds on Lndaar's apparvual of suds plans and as ecifications of an
<br />arddtdt to Iander, ms's Cost dwtlgmtes, archit nt•:s
<br />caartifidete, waivers of lions, s1mm statrrnts of mescl mnicas and matsrialman and
<br />such other widenos of costs, par=r*A a cmpleti,on of oonstruc*ion, application
<br />of pakyM", curd satlrfaoticn of HOW as Lander may rnessonably require. If the
<br />irhshnrahrh O ptvoeeds arc applied to the peys■nt of the sues seasrvd by ttais
<br />laic, any such application of - t - do to principal shall rot asctAnd ar
<br />iVone the dw dates of the monthly ineW Lents referred to in paragraphs i
<br />a 2 hereof or dunge the a mmints of such instal laherft. If ttr Property is sold
<br />Pua7 M* to the to rm of this Instrtannt or if Xmdsr ampirvs title to the
<br />!ftVPWtY. Lndw t whall Mac be 4erund to ham aogiv:txe d worlusiv+ely al t
<br />' * the right, title and iir6:QZ1Wt of Bov<rvnr in cad to any tAWA nog policies and
<br />wearnad premium thar+soe grid in aned to aay irssurarraae procee& rnssoltjM fray or
<br />%lidr may be payable as a oonseyWA= of, any dmmgo to the Praparty prior to
<br />such hale or aovuisiti,cn.
<br />S. p JM a3F FFMFWY. Qoi rvwr (a) shall not coaeait
<br />uUts oar permit arW pgsysical dstsrioratian of the Pmpnrty; (b) shall not abandons
<br />the Pnupetty; (c) shall rssta+e or repair prosody and in a good and wriamnlike
<br />nanmsor all or any part of the Property to the equivalanst of its original
<br />condition, or mach other condition as Iandar say apporom in writing, in the eve*
<br />of any dheeege, injury or loss thereto, WfwUw or not insurance proomeft are
<br />available to cousr in %Wo or in part the costs of essgdh restoration or repair;
<br />(d) shall )a* the Property, ircludinq , fixtunw, oquipseerst,
<br />..dsirrmy eb applianoas t memin, in good repair and ahall replace fixtures,
<br />OWAiPnstl UNftinsry ad q'plianoes on the Property vfhan noway to keep such
<br />items in good repair; (e) shall oomply with all law, ordinarnes, rngulaticm ami
<br />of any► gwaulsoioital body applicable able to the Prapatty; (f) a3hal l
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