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<br /> • • proceeding deemed appropriate by the Trustor or requested ;
<br /> . • _ . ' by the Beneficiary.
<br /> � SECTION 2.09. Alteratione. (a) The Trustor may ,
<br /> aonstruct any new Improvement or otherwise Altex or Restore
<br /> � the Property, provfded that (i) in the case of any Alteration
<br /> � or Restoration (subject to the provieions cf Se�tioa�
<br /> � 3.02(b)) , na Enforcement N�tice is in effectt (iia any
<br /> Alteratio�n or Restosati0n w�ea� completed shall not result ire
<br /> ' a redu�ti�an of the value of the Property below �he �value
<br /> therevf immediately precedinq the commencemerat of such
<br /> ; �_, . . .
<br /> Alteration or, i� the case of R�storation, ttae value thereof
<br /> � • 3mmediately preceding the Casua3ty or Condemreation in ques-
<br /> tiont (iii) any Alteration or Restoration shall be substan- ,
<br /> tially equal in qualit}r to, or better than, the Imgrove�et�ts ,
<br /> � or Equipment located ora the Property as of the dAte Da�r�off; , �. „
<br /> � (iv) prior to commencing any Fhase of any Alter��tn�m or � '� , � ���i, ; �"'.
<br /> Restoration, the Tri:atAr shall ol�tain all Perma.ts applicable ,. ��.,�.
<br /> to such phase and all other conssents or approvals required
<br /> therefor; (v) any Alteration or Rest��a�ion shall be einected • �
<br /> ��''�� .;� with du� diligence, in a goocl arnd �or�anlike manner,
<br /> � �;7 :
<br /> � compliance with all. applicab�e II,egal R�c�uiremerats an
<br /> ' Insuranae Requirements; (vi) the Trustor shall promptly �nd
<br /> fully pay the cost of any Alteration or Restoration; (vii)
<br /> any Alteration or Restoration shall be located entirely on
<br /> � the Land and shall not enaroach upon any Pernaftted Property �
<br /> ' Lien unless the document creiawinr� such Permitted Property
<br /> Lien specifically allows for such encroachment; and (viii) , ,
<br /> any Alteration will not adversely affect the present use of
<br /> ��. �� the Trus� Property. , .
<br /> �
<br /> � r'' ` ' � (b) Nothing herein shall be construed to be a
<br /> � • � ' consent by the Beneficiary Co any mechanic's, materialman's, � �
<br /> supplier's, repairman's or eimilar Lien on the Trust Property
<br /> � or any interest therein.
<br /> � SECTION 2.10. Permitted Contests. After prior ' �
<br /> � notice to the Benef iciary, the Trustor may contest, by
<br /> appropriate legal or other proceedinqs conducted in good �
<br /> ::;��}, faith and with due diligence, the amount, validity or `
<br /> applicatfon, in whole or in part, of any Imposition or Lien
<br /> therefor, any Leqal Requirement, any Insurance Requirement or
<br /> � any Lien of any l�borer, mechanic, materialman, supplier or
<br /> � vendor provided that (a) the Trust Property, o� any part
<br /> ' thereof or estate or interest therein, shall not be in any
<br /> ; danger of being sold, forfeited or lost by reason of such
<br /> , � ' �.:�� proceedings; (b) in the case of (i) Liens of iaborere,
<br /> � '' mechanics, materialmen, suppliers ar vendors or (ii) the �
<br /> '' ��'r.,. �' _' Impositions, or Liens therefor, such proceedings shall
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