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200210067 charges for any easement or agreement maintained for the benefit of any of the Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes, and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may become a lien on any of the Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "Impositions ") after the date such Imposition shall have become due, and to add to the Secured Obligations or any other sums secured by this Deed of Trust the amount so paid, together with interest from the time of payment at the Applicable Rate (as defined in Section 6). Any sums paid by Beneficiary or Trustee in discharge of any Impositions shall be a charge on the Premises secured hereby prior to any right or title to, interest in, or claim upon the Premises subordinate to the lien of this Deed of Trust together with interest at the Applicable Rate. (b) Grantor shall not claim, demand or be entitled to receive any credit or credits toward the satisfaction of this Deed of Trust or on any interest payable thereon for any taxes assessed against the Property or any part thereof. 4. Insurance. (a) If Grantor is in default of its obligations hereunder or under the Credit Agreement to insure or deliver evidence of payment of any insurance policy or policies, then the Beneficiary, at its option and without notice, may effect such insurance from year to year, and pay the premium or premiums therefor, and Grantor shall pay to the Beneficiary on five (5) days notice such premium or premiums so paid by the Beneficiary with interest from the time of payment at the Applicable Rate and the same shall be deemed to be secured by this Deed of Trust and shall be collectible in the same manner as the Secured Obligations secured by this Deed of Trust. (b) In the event of foreclosure of this Deed of Trust or other transfer of title to the Property in satisfaction of the Secured Obligations, all right, title and interest of Grantor in and to any insurance policies then in force shall pass to the purchaser or grantee and Grantor hereby appoints Beneficiary its attomey -in -fact, in Grantor's name, to assign and transfer all such policies and proceeds to such purchaser or grantee. 5. Casualty /Condemnation/Ernment Domain. (a) To the extent required in Section 2.9(a) of the Credit Agreement, all insurance proceeds on the Property and all causes of action, claims, compensation, awards and recoveries for any damage, condemnation or taking of all or any part of the Property or for any damage or injury to it for loss or diminution in value of the Property are hereby assigned to and shall be paid to the Beneficiary. The provisions of Section 2.9(a) of the Credit Agreement shall govern with respect to the disposition of all payment of insurance on account of loss or damage with respect to the Property and all awards and condemnation and eminent domain proceeds with respect to the Property. Upon the occurrence of a Property Loss Event, Grantor authorizes Beneficiary, at Beneficiary's option and in Beneficiary's sole discretion, as attomey -in -fact for Grantor, to settle for, collect and receive any damages, insurance proceeds, payments or other compensation from the parties or authorities making same and to commence, appear in and prosecute, in Beneficiary's or Grantor's name, any action or proceeding relating to any condemnation of the Property, or any NYl 111 9 81 5 010 9AP92IX 91 D0058990099 10