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<br /> ' , the Ma�terial �qreamente and thera is exiating no condition
<br /> ' which with the giving at notice or passage of time or both ; . ,,,.•
<br /> ; would cauae a default thereunderr and (v) the execution,
<br /> delivery and performance of this Deed of Trust do not require
<br /> any consent under, and will not contravene any provision of
<br /> or cause a default under, an.y af the Material Agreements.
<br /> 1 (b) The Tru�tar sttaZ2 not tran�fer or grant any
<br /> . ` " Lien upon any 1+la�eria2 Ac,�l^e4.lm;@AILn eYCe�t uander this Deed of
<br /> ; Trust or exceg�t as pex'naitted by 'the Tx�ast Agreeraer�t, t�xe .
<br /> � Credit Aqreenaent vr the Indenture, provfded tP►at ff an�r of
<br /> , tII�e �suslt Agreement, the Credit Aqreement or the andenitur� in
<br /> effect at such time prohibits any such tranefer or Lien, the �
<br /> " Truetor shall not be entitled to make suah transfer or grant . , � ,
<br /> � such Lien, and shall duly and punctually pay, perform and ,
<br /> ' observe (unless being contested pursuant to Section 2.10) all .
<br /> of its obligations under any Material Agreement. „
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<br /> ' ARTICLE II I �;� 1 °
<br /> - INSURANCE, CASUALTY AND CONDEMNATION
<br /> SECTION 3.01. Insurance. (a) The Trustor st�all �
<br /> � maintain, or aause to be maintained with respecC to the �"� j� �
<br /> � Property the insurance requ3red by 3ection 5.02 of the Credit
<br /> . ;r ; Agreement. The physical damagA i nsurance maintained with ��� '�'.�� _
<br /> '` � � • respect to the Property shall (i) bear the New York standard ' ��.'�'��';
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<br /> ' non-contributary mortgagee endorsement (or the equival�nt '� ••.�;
<br /> .� thereto) in favor of the 8eneficiary as Collateral Trustee
<br /> • �� " ' and (ii) provide that all property loeses insured against
<br /> �' . • ' shall be adjusted by the Trustor, subject to the
<br /> . ��•', � Beneficiary's rights pursuant to Section 3.02. The public
<br /> , liability insurance maintained with respect to the Property
<br /> � � shall name the Beneficiary and Secured Parties as additional
<br /> � . insureds. All ineurance maintained by the Trustor witti
<br /> : � respect to the Property shall provide that (A) no canc�lla-
<br /> , tion or material change thereof shall be effective unt31 at ;
<br /> �'; least 30 days after receipt by the Beneficiary of written I
<br /> �� . • notice thereof; and (B) all losses shall be payable not-
<br /> ` ��• ! • withstanding any foreclosure or other action or proceeding �
<br /> r '���'� '' � taken pursuant to this Deed of Trust.
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<br /> . (b) The Trustor shall furnish to the Beneficiary �
<br /> not later than 15 days prior to the expiration date of each
<br /> policy reguired to be maintained by the T�uste� �sereunder,
<br /> an insurance certificate or certificates exec��.ed by t2�e
<br /> insu�er or its authorized agent with res�ect to the neva or �
<br /> ��.� exten�er� policy.
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