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<br /> dnmo�o.condemnntion oY taki�B of all or any part of the Proparty or for any damage or injury to
<br /> it for c�y loss or dimim�tion in valu�of the Froperty,are hereby assigued to and shull be paid to
<br /> �eno�iciufy. �ieno�cia�y may particigat� in �ny suats or procesdings relaYiag io any such �:
<br /> proc�eds, causes of action, claims, campensation, owards or recoveries, and B�e�iciary is _
<br /> he,~eby authorized�in its own nturte or ira Truator's�ame�to�djust any loss covered by inaurance _
<br /> or any condemnadon cl�iim or cause of actimn,aud to settle or comp�oraise sny claim or cause of �
<br /> �ction in connecdor�the�ewith, and Trustor shall from dme to time deliver to ��aficiery:.ny
<br /> in�truments�r�to perrnit such paiticipation;pmvided,however,that so long as no Defautt
<br /> or Evead of Default shaU have occurr�d and be continuing. Beneficiary shall not have the right
<br /> to pa�Icipate in the adju�mceent of�t�y los�which is not in excess of the lesser of(i)ten percent
<br /> (10%)of the then outs3andin$gr►ncipal balaz►ce of the No4e�and(ii)$Z50,000.00. Beneficiary -
<br /> a&all apply any sums reseived by it uuder thi�Seation first to the payment of all of its costs mid
<br /> �xpenses(including,b�t not limited to,legal faes and disbursements)incumed in obtaining th°�
<br /> sums.ara�t th�tn,as fall�wwt;: .
<br /> �a) In the event that less than sixtY Percent(fsa%)of the Impr+avements located on
<br /> the Lsu�d have been taken or destroyed,then if:
<br /> (1)uo Ds�ault or Event of Befault is then continuu►.g hereuuder or under
<br /> awy of the other Laan Documents,and
<br /> " (2)the Properiy c,an.in �eneficiary's judgment,with diligent restoration
<br /> or repair�be retumed te a condition aa isast�qu� to the condition thereof that�xisted
<br /> �icr i�ih_ s��l*_y�r�rtial taking causin�the floss or damage within the earlier to
<br /> oocu� of(i) six (� months aftar tUe receipt of l5asurance proceeds or conciemnatia�
<br /> awards by eith�r '�'nistor or Beneficiary, and (u) sixty (60) days prtor to the stated
<br /> rq�turitydais ofthe Note,and .
<br /> ', (3)all nece��ary gov�snmeatal appmvala can be abtainerl ao �allow tha ..,:,
<br /> rebtulding�nd reoccupancy of the Prop.ertY as descrt�ed in��tion 1.9(al(2�above,and
<br /> (4)there are sufficient sums available (tlu�ougb imsurance proceeds or
<br /> condemnation a�vard� and coniri'butions by Trustor,the fvll aaiount of w}uch shaU at � .,
<br /> Beneficiary's option have�te;ea deposited with BetceSciary)for such reswra4ion or repair ;'° �.:"�
<br /> (including,without limitation,for any eosts and expenses of Hzneficiary to be incurred in
<br /> admiaistering �sid restoration or repair) and for payraent of principal and 'wterest to
<br /> t,�,,,n,R a..p,�,��a���,.,,��t�.?►r�:,u.uu,g suci�re�toration ar aepair�and -
<br /> (S� the eccu�mic feasi'bility of the Lnprovements aft�r such restoration or
<br /> regair �uiU be such that income froxn their opsration is reasonably anticipated to be
<br /> suffici�nt to pay operating e�c�eses of the Property and debt service on the indebtedness
<br /> secvred hereby in full with the same coverage ratio oonsidered by Beneficia4y in its
<br /> detemaination to make the loan stcur�l hereby including an assessRncnt of tb.e impact of
<br /> �. the texmina�ion of any Leases due to such casualcy or condeau�adion,and
<br /> (6) ice the event that the ins�u��► r- r- ° ar caa�t�nation awards
<br /> ' �ceived as a xesult of sucb►casuattY oa paztial taking�xceed tb.e l�esser of(7�ve perceirt
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