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<br /> � � 91- �02469
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<br /> � valu� eo� l�ss than it� valu� just prior to �aid los�. 1lnythinq
<br /> :::�;,f h�r�in to th� aon�rary notwithstandinq, it is und�rstood and
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<br /> sy�r��d tt�at i! (i) a� a r�suit of any �uoh dasaq� or d�struction
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<br /> - during tt►� last two y�ars o! th� l�aoo tor�, K-Nart's lix�ures,
<br /> , { "��� aquipment or a�ltar propsrl�y ahall bo daoaqad or deatroyed in an __
<br /> R��;u-;�u•*... amount �xaoadinq Ono Hundrod Thousand Oollars ($loo,000.00� , or ����
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<br /> -- �� (2) i! suah damaqe or dostruation ehall lsava taken placs within ��;�
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<br /> �--'���� � ve ears o! tt►s th� �ch�duled oxpirat ion date of the current �%"�.�
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<br /> — _�- - - ter� oY the �►-1l�art lee�r� �d i! the a�ent oi suah damage or �:,.: -
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<br /> -,, ,c ,,.,;,;• - h�;;,.
<br /> � . -�.,;•,. �, - , , ,, deQtruatfon fs auch that th� cost of restoratiion would excsed -
<br /> �:f�,;Y"�,� :�-,�� .��,
<br /> -_��`_;�'�`%?_v��°". . fi:fty percent (5ot) oP the amount it would Aave cos t to r e p l a c a
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<br /> - `�','}'�;�,.�•�° the R-Mart buildinq in ite ontirety at the time suah damaqe or
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<br /> ,i ,�,�r,:���r.• � ::-.
<br /> - ''�`�`�r'��",.... ' desstruction took place, then no rapair, raplaaement or ;;
<br /> -- '°�"f'�'.�'�'',, �-� -
<br /> - �,� restoration shall be requirad, but all procseds recefved by �-
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<br /> re�.;� ..�4. ��r : ._ • , .
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<br /> -_ `.:;:.:'��.:�= Tru�tor fr�m K-l�iart shall be applied to any indsbtedness secured ;.:
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<br />,�,�, ;,�`ru��,.. her��y and in such order as Lender may determine. _
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<br /> '� . 5. gsarov. Upon written demand by Lend�r, Trustor ,,r
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<br /> t ; ;�' ,�`��.' ` shall pay to Lender, in such manner as Tren�der may designate, �ti���
<br />, l�r.,_ .�.��,� '��'t1°;�;�� , �'�
<br />:;�� �� S `' sufficient aums ta enable Lender to pay as they beaome due one or ?,__
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<br /> �.._ �:��{�' i�::��, �,,��� ;..----
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<br /> « ., �r,.��+�.���,�� ,- � more of tln� f�ll�w3nq: (i) all taxQS, a�seasments and other y�:
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<br /> .n. .,..,
<br />��_�_�. #.. ��.�.w:� ���%�� chnr�es against the Property, and (ii) the premiums on the `.:;
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<br /> �_ '��+����;�;`' pro�erty ineurance �equired hereunder. Lender agre�s that no �-'
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<br /> �3�a��.••� �•- escrow shall be rev�ired o� Tzvstor by Lend�r for taxes,
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<br /> _;��..� :r..,. . _ -
<br /> s, � °��"'' � �� as�E�smQnts, in�►ur�x�ce premfums o� other aharqes that may be _-.---
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<br /> Y3�Rl�1,La�;3_-. .
<br /> �-��;Y��;;�'�� imposed ot► khe K-tdart portion of tl�� Property so long as Borrower �,,�._,__.
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<br /> ,�:1�. .,.�� ':., ������ has complie� with all conditions of paraqraph 9 of the commitmsnt
<br />-.:s,'' � . '�z�t�•t� ` ..
<br /> .�t ,:�>;"'�.•
<br />:;_ �� . ;:',yF,�i;{� letter from Lender Lo Borrower dated December 19, 1990.
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