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<br /> � °� r. Fixtur�as aad Personalty. Trustor shall cause each inauraace � r�,�.� < :, z•
<br /> �� ° � �`� '- pol�cp issued fn connectioa therewith to provide (and the �� a�,� `�` � ` -
<br /> �r ^" � : insurer issufng such polic to certify to Beneficiar ) that �' ��` ` } =
<br /> Y �`
<br /> ' � (i) losa payments wi11 be payable to Beneficfary as its �' ` `Y ' YF`: t
<br /> �_ }, �_ �
<br /> Y - ^ r` ' fnterests may appear, such �paymeats t,o be applied to the � � .- ' s' "
<br /> , . ..: ;�� ,
<br /> 'Y i � res�cratioa, repair or replacement of the Trust Property; h .'�" � .
<br />`��-�` � provided, howesrer, that if ari Event of Defa�.t has occe�rred �-µ� --�.a=-� �
<br /> �~�°�'��' and ts coatiaufng or an event has accurred and-is continuing, ���-` - � �._
<br /> �.,�-�� _�, ti ^:
<br /> ;L w8ich with the passage of t�ae or the giviag of notice, would 4 ���.; �c� f,
<br /> ?,-.,��::�`;-LL y�:; constitute aa Event of Default, then such payment shall be ..._�:-, �,:�z,�_..�,,,.;_t
<br /> � 4 = 4 ,�`,:� agplied to the payiaent of the Indeb�edness; (if.) the interest � :. 5� ��
<br /> t�=4 - of Heneficiar�► shall be insured regardless af aay loreach or '�` :�� � -�_��f
<br /> t ` �= �� violatioa by Trustor of anp warrantiea, decZarations or ° ��
<br /> ; Y ri �.w
<br /> , � ��` � ,� '�:: conciitions ia such policyt tiii) if aap suc� i.asuraace policy L' � � �fa F
<br /> S �- � be sub3ect ,to caacellation or 1oe endorserl or sought to be �54: � :,��;� h :
<br /> , , `: • ead�arsed to effect a chanqe in coverage for aa reason whatso= } .:� ` �i `L��
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<br /> + - � ��•� e�r�, such iasiucer wi.11 promFtlp notify Beae iciary aad such - �� ��.'-�f
<br /> ` p L:-: . -:��' � - F:'KV ' ry, '�`p��
<br /> • �< �=. cancellatioa or chanqe shall not �e effective as to , ..r ��r�;�
<br /> ,� � �rx :�" Sen�giciary until thirty t30� daps aft+��� receipt by ,�� r,�-w�--
<br /> ' E� ` Heae£iciary of such notice; and (iv) Beneficiarp may, but %� .�,� �F ;
<br /> `'_�� �".. ''.'7.' � s�alS not be obliqa�ed to, make premi.wa paymeats ��o prevent .� '�- �
<br />�,'..t lt'�: �.'..:.'.�.".•'S�C . BY� Caace l lat ion, an d t hat su c h payments shall be a�cepted bY 1 ..;��.�,��.� `'".
<br /> �� � � s., , y y , �. �*�• =
<br /> �,J = . the iasure=. For purpases of this section, replacement vaiue :,t,� -
<br /> � ` ��� of the Bu�l�f.ags, Fixtures and Persoaalty shail b� equal to � 'r-j� ,�
<br /> ,`t;�-.;��:�. e' ` ,r.
<br /> -�.��k�,:�:� , the ccst af rep lacinq the Buildinqs, F�tures and Personalty, . - -?�.t
<br /> ;� ;: t �.�� exctusine of the cost of excavation, foundatfons .aad footfngs �. �
<br /> below the lowest basement floor and shall be determined from ' � ���
<br /> -` - ``n` ����� time ta t�me duriaq the term of the Note (but no more � =� �
<br /> � �. :� � :
<br /> ,� �s�. frequeatly.tbaa once in any 2q caleadar moaths) at the writtea '
<br /> - -� request ef Be�eficiary bp an eagineer, appraiser, ar��itect or . �A:,;. �.� � °;
<br /> � -� -�`: -� .:
<br /> F ' r �`' con�eactor designated by Heneficiary, approved in writing by ..: �y�, ' ' `a}
<br /> :.`�., _•i•_�- Tz�stor, and pafd by.Trustor. In ad d ttioa, Trustor shall � � :, : , s�
<br /> ��r ' ' �� ••�`�=�` £urnish to Beneficfary dupiicate executed copies of` each such =��='� := � ��:;
<br /> ,__, .V....:, .,::: °- . .. ,
<br /> �- � '� 1:� palicy at the �ime of •execution hereof, a�zd copies of each
<br /> w� sy N : , , i:'�� �'
<br /> �� ., �, .� renewal g�3icy not l.esa than th�.rty (30� days prior to tB�� �:.
<br /> , n . �: �:��.�.. exp3.ratior� of the erf�gina? policy or the precediag renewal � �-�"�;
<br /> - , "�::�. � policy �as the case may be�, together w�th receipts or other � � � � �,���� ��
<br /> �,�.�.�, �;:
<br /> - _ - - �vi.denae that the premiums thereaa have beea paid; and fnrnish • �
<br /> :. :.�, . ,��:� �:��'„�.
<br /> � •� to Henefi.ciarY on or before 120 days agter the. close of �each �`�_���=
<br /> ���,�' �..-_-:. = �: fiscal year o f Trustor a statemeat of Trustor af the amonnts � � ��.�:
<br /> �'- "•������''r` "����� of insurance maintaiaed in compliance with this Stibaection, 'of � �"'-�
<br /> ,.f.�_,_ ,fL. _,;, ,`,,.,.
<br /> s: .ti tihe. ris&s covered by such insuraace aad of the insurance � .
<br /> � r .
<br /> �G .- .. �.r. :� , eom��iy or compaaies.which c�rry such f,nsur�nce. . ' � -
<br /> ��_, . _ . - -- _ -
<br /> :,..:. - -:. ._ ��=--�_ - --
<br /> r r .� 4L�: �.5 �estorat�.on �'ollowin Casua}.t . Tin the event vf the. , ��s -----= —
<br /> �� �:: } happeninq o any casua y, o any n e� aature . �whet2ier� � � �'
<br /> � � r � insured aqainst or not), �esultf.n ia dama e to or deatructioa • `�; �
<br /> , ,:-. � `: 9 9' ;�_->.��;;��
<br /> :,i: .; , ,_, . of the T�rust Property, Trustor ivill +gi.ne grompt notice thereof � � ;.�,�
<br /> � �' � �° t�Benefiaiary, aad Trustor wi11 promptly restore, repair, re- Y��'��..�— --
<br /> � - `� pl.ace, iceehuild or • alter the Trust Property as nearly as • ' ��"_�` ;� �;:
<br /> h —
<br /> � `� h ��`�;" `� � ssible to ita wa2ue and condition immediate '�; � °
<br /> ;4�-, po ly p=ior to sueh ���� :
<br /> ' , 5,;;,� damage or +destruction. , � �'� � '�� `
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