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<br />_ � _:��� policies and original ceriificates of insurance si�ed by an auth�rized agent of the applicable �
<br /> inaurance comp�ies evIdencin�such ingurance satisfaceory to Beneficiary. Trustor ahall renew F;
<br /> ,,,�� all such insurance and deliver to�eneficiary certificates and policies evidencing such renewals `-
<br /> , at least thirty(30)days before any such insurance shall expire. Trustor further agrees that each _
<br /> � such inseuance policy: (i) shall provide for at least ths�ty (30) days' prior written notice to �
<br /> ��' ` Beneficiary prior to any golicy reduction or cancellation for any reason other thnyt non-payment =:
<br /> _��r-�,.,�� af premiura and at least ten (10) days' prior written notice to Beneficiary prior to any "
<br />- :;_� cancellarion due to non-payment of prefnium; (ii)shatl cantain an endorseraent oY ageeement by �.
<br /> . .,�; :, the insurer ihat any loss shall be payable to Beneficiury ia accordance with the tern►s of such _
<br /> poGcy nQtuvithstanding any act or negligea�ce of Trustor whicb might otherwise result in _
<br />---``"'� ` forfe�ture of such inse�rance; i�i)shall waive all ri ts of subro ation a ainst Benefici
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<br />`.-�°����-�''" = the event that the Real Estate or ttte Impravementa constitutes a l�gal non-conforming use ur�der
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<br /> ``°""' a licable builc�in zonin or land use laws or ordinances, shall iaclude an�ordinance or law
<br />-;:.::.�.:._�. PP 8� �
<br /> =�==`�� coverage endoiseement wluoh will contain Coverage A: "Loss Due w Operarion of L,aw"(with a �
<br />,���`t�� �ninimum liability limit equal to Replacement Cost With Ag�ed Value Endorsement),Coveraga -
<br /> :_;,�„_�� B: "Deinolition CosY' and Coverage C: "Increased Cost of Construction" coverages; and (v) -
<br /> .=�'F-;;,a rnay be in the form of a bla�►lcet policy provide�3 tha�, in the event that any such coverage is
<br />- =-.��.� proeided in the forra of a blanket policy,Trustor hereby aclmowledges and agrees that failure to
<br /> -e_ pay any portion of the premiuta�therefor w}uch ia x��bt�locable to the Pr�party or by any other _
<br /> ,.=u-� action not relaatinng to the Property wlrich would otherwise p8ranit!he issuer th�reof to cancel the
<br /> coverage thereof,would require the Progerty 3o be insured by a s�parate,single-property golicy. _
<br /> _ _ - 'The blan�lcet policy must properly identify and fully grotect th�Property as if a ssparate policy
<br /> __`-=-'� �.+era iacued fnr lOb°/a of Renlacement Cost at the time of los� and oYherwise meet all of
<br /> _�� Benc��.ciary's applicable insw�ance requiresnents set 4'orth in this Section 1.4. The delivery to
<br /> Beneficiary of the insuratece policies or the certificates of zqsi�irance as provided above shall
<br /> -- cons4itute an assignment of all proceeds payable einder such n�sinance policres relatin�to the
<br />_ _ � Pre�pQrty by Trustor to Bene3�aiary as further securtt�r"��'ox the indebteda�ess s�ur�hereby. 1n the , .
<br /> =T�� , , evexe�;il��foreclosure or otht�r�nforcement of this ID��d of Truat, or oiher,tr��sfer of rit�e to the %' .
<br /> — prop�i in extisi�uishment in whale or in part of the'�nd�ebtedness secuned h�reby,all right,title
<br /> --- ._ and interest of.'Tnistor in and to �ill pmceeds payable under such policies then in force
<br /> _ - concerning the Property shall thereupon vest in the purchaser at such foreclosure, or in
<br /> — Beneficisuy or other h�ansferee in the event of such other transfer of t�z�e. Appmval of any
<br /> insurance by Beneficiary shall not be a sepresentation of the solvency�c�any insurer or the
<br /> — - su�ciency of any amaunt of insurance. In the event Trustor fails to provide,maintain,keep in
<br /> force or deliver and fumish to Heneficiary t�e policies of insurance requireci by this �ed of
<br /> _- Tn�st or evidence of their renewal as cequired herein,Beneficiary may,but shall not be obligated
<br /> -- to,procure such insurance and Tnistor shall pay alt amounts advanced by Beneficiary therefor�
<br />- - - ----- together with interest thereon at tt►e Default Interest Rate fi+pm a�d after the date advanced by
<br /> BeneSciary untii actually repaid by Trustor, promptly upon demand by Aeneficiary. Any
<br /> amounts so advanced by Beneficiary, together wiffi interest th�ereon, shall be secured by tbis
<br /> ;;1;�.; Deed of Trust aad by alI of the other Loan L?qcwnents securing �fl��or any part of the
<br /> � indel�tednesa secured hereby. Beneficiary shall not�e responsiible for nor incur any liability for
<br /> � � the insolvency of the insu�r or other£ailure of the insurer to perfo�m,even though Baaefciary
<br /> � r has caused the insurance to be places3 tivitb the insurer after failure of Trustor w fumish such
<br /> --- ina�s�ce. Tnistor shall not obtain insurance.for��he Property in addition to tlaat required by
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