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' Syr ^•'n���•� :c .�.. ,¢r.'t' c _ u ._� .�"� _ r .ac. �c _ ,l l;�._ 5 -.�'.�d 'fj` ....e'.» F =c � -_ <br /> t � <br /> _A.�_� . .t�� :�T r <br /> .�c';��—?=.t;� - �-n -_ <br />. 7.i �'- ^'`-P , . 2'.-;.r�j� - <br /> � � <br /> E� ' � ' • �� .�•' � . <br /> w � <br /> �<f 'L?f��Yt' � , �0��� � -�� . <br /> r _i. c c•- a = <br />-r.- :�� �z�. ;.4 . <br /> =. t . . � <br /> .�' t �� ' `�- <br /> � L-LL 1 �„ � - disbursement of such�snran�e prcaeeds t��refo��v4`�4{1l��'�rmfiai � �� �6��-�� <br /> �"�_ :`t..`; p�raaed in�ocordanae with t&e procedures awstomar�p emploped by Benefiaaz3r in • � - <br /> °� : �Ar, the c�sbuisement of the pmceeds o#a�ons�zc�on loan. 1n sach ev�t,Grantor <br /> r .. <br /> + :�,� .+�Y� S�1 d�OSlt WI�I B�t��8Y3i,pYEOP�O COIIiIII�Ytg Sl�y Stit�1!8S#OYStItR1 OP 1�3IP� � �+�. <br />°`.'`:.��<:�:-.;,;,:: the amourt,if any,by which the�st of such restor�tion or rgpaa,as defiera�ueed bp ':F`�:`:: <br /> � �� Ben�ficiary,ex�eds the anwvnt ef�uch�su:a�ce proceeds,which amount shall be � >- <br /> -- ��`:�:<.:: disbmsed to pay costs of s�tch restoratian and repair prlor ta,and in the same :� <br /> ,�'�r: ; �j� a�armer as,such iasurance proce�a Anp surplus whirh may r�emain after payxaent ., ,�_ <br /> ;=.�.`:` -`��� - of all�osts of res�oratim►or air at the of 8 be hed to :r F,..:4.�,; <br /> �r�`�� :; reP maY� oPtion �fiaa�Y• aPP � <br /> - ��'�` reduct�on of the indebtedie�ss I�ereby secureci,in anq order wl�ich BeneHdary may :-'1`;.;�. <br /> _ �:- - ..z_ <br /> v=°`�'::`,� - deb�e vvliet�r then due and papable or orbe gaid to G=anfiar,as its int�st . ''`'���'. <br /> . d„• . z: � �i <br /> r r�t <br /> -._. z_._:_.�:..-'� �Y aPP�•the choice of appl�cati�to be sotetp at the discreHan of H�e�ciary. �{ � - <br /> t -.r _ ..1-��-T .�_ _- <br /> _ � _ `'�� Notwid�standing any prnvision contained in t�is Sect�on�the � : <br /> _ �`, . <br /> y�;_.�: <br /> ;-�'��;�';��� - �,�-:r,. <br /> � .�, ��= oontra�r,in the eves►t that no evem of default then e�dsts he=eewnder, Heneficiaay . _ <br /> .�-�: r.�� sltatt pe�mit the Net Iinsurance Proceeds to l�deposited ia an int�erest bearing � - <br /> .,, ' � accaun#a�an u�st�tu�tian eatis#acbu ry to Ben e fi c 3 a r y,and Bene$d a:y shall furtlter � � ^-;�, <br />-``�-��.":�t�-:�«-"`T= permit snrs�praceeds and all nnt�rest accru�ed the�+eon(�u�xeferred to as ����"'- <br /> -� � f. V O. .. <br /> '" { f�� t�; 'Znsuran�"int�rest"�ta be drawn upan to pay the costs of�+estoration,rebu�ding or �`` '4:_� <br /> '` �-}*:'���- �-Q� repair of fhe Snbj�Pmpertg,pmv�ded that{i}aU Leases wiII re�eaire ia�€ect after � _ �4� <br />_ �k'�.;er. .- . , -,�„- <br /> t...x . <br /> -' "4,;�:u�;� such�restoration, sehuilding or rnpair;(ii)the�restoratton�rebuilding or repair of the ,'y:._ <br /> -�� - Y'f`,�- Subject Property shaU be ia strict a�dance wiH�plans and speci�cations dienefar . ��'�����-h�=- <br /> = ci <br /> - � approved by Hene�ciary;(iii)the r�storat�on,rebuilding oi repa�r shall be , . �kI, ��. <br /> ' �� <br /> _ •� � : - commeaaed with�►one.hun�ed ei�t t p(180)da y s after tite�date of the Ioss and in � � �. <br /> '`:'R''�.: "`' any�event prlor t�the date six(�mant�as prior to the Maturity Date;(iv�all � �� , �= <br /> �..+� r ,� <br /> , '� � restoration,rebutildin and shall be done ia.a od and worla�an�ce ma=uter ' �� ; <br /> � .:�:. S seFair go � ,�, <br /> "= r .� ' and in acoaPdance wit�c all a�ap�cable laws,statute.s,oidinanc�es,�d�,regulatians, � � <br /> �...��;,s`_ :;�` . '' _ _ <br /> t;;� �, covenat►ts,conditions.restr�cKons and reservatton�(v)Grantur h�s d�posified.wlt�► �._ <br /> - Benef�ciaiy,prlor to the camm��nQeatent of anp restoration,rebu�d�ng or repair,the � ��� ::;,� <br /> ,,� ._ '._ .,;� ::, �amount bp which t&e 1V�t Insurance Preceeds wiU be i�tsuf&�ient fio cover the�t�tat.• , � � -:-` <br /> :.`�::; ...:; �: cast of the plan�ed restaration,�builaiing or�epais,as evidenced by an itemized _= <br />