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200011180
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Last modified
10/13/2011 11:01:45 PM
Creation date
10/20/2005 10:48:30 PM
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DEEDS
Inst Number
200011180
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200011130 <br />discharge its obligations under a Lease, then American Family, without further demand upon <br />Borrower, and without waiving or releasing Borrower from any obligation under any Loan <br />Document may, but shall not be obligated to, remedy such failure, and following an Event of <br />Default may require Borrower to make periodic escrow payments to American Family in <br />amounts sufficient to enable American Family to timely fund potential future obligations of <br />landlord under any and all Leases. Such escrow payments may be commingled with other funds <br />under American Family's control and shall not bear interest payable to, or for the benefit of, <br />Borrower. Borrower agrees to repay upon request all costs incurred by American Family in <br />remedying any such failure, which sums shall be deemed Recoverable Costs. No such advance <br />shall be deemed to relieve Borrower from any defaults under any Loan Document. <br />SECTION 2.6 ASSIGNMENT OF INDEMNIFICATIONS. Borrower <br />does hereby collaterally assign to American Family any indemnification agreement(s) pertaining <br />to, and which could benefit, the Premises. <br />ARTICLE 3 <br />INSURANCE AND CONDEMNATION <br />SECTION 3.1 INSURANCE. At all times prior to the satisfaction of this <br />Trust Deed, Borrower shall obtain or cause to be obtained and keep in full force and continued, <br />uninterrupted effect, and at Borrower's sole cost and expense, the following insurance, with an <br />insurer approved by American Family; <br />(a) Insurance against loss by fire, lightning and risk customarily covered <br />by standard extended coverage endorsement, including the cost of debris removal, together with <br />a vandalism and malicious mischief endorsement, sprinkler leakage endorsement, or all perils <br />endorsements as determined by American Family, all in the amount of not less than the full <br />replacement cost without deduction for depreciation of the Premises' improvements, together with <br />an agreed- amount endorsement, an inflation -guard endorsement, a replacement cost endorsement <br />and a waiver of subrogation endorsement; <br />(b) Broad Form Boiler and Machinery Insurance on all equipment and <br />pressure -fired vehicles or apparatus situated on the Premises, and providing for full repair and <br />replacement cost coverage; <br />(c) Flood Insurance in the maximum amount available at anytime during <br />the term of the Trust Deed that the Premises are designated as lying within a flood plain as <br />defined by the Federal Insurance Administration, covering potential losses with respect to such <br />Premises; <br />(d) Loss of Rents and /or Business Interruption Insurance covering risk <br />of loss due to the occurrence of any hazards insured against under the policies required in <br />25 <br />
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