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<br />88- 101243 <br /> <br />10. The proceeds of any award or claim for damages, direct <br />or consequential, in connection wit any condemnation, are hereby <br />assigned and shall be paid to Lender to the extent of the full <br />amount of the remaining unpaid indebtedness secured by this Trust <br />Deed. <br /> <br />If the Property is abandoned by Guarantor, or if, after <br />notice by Lender to Guarantor that the condemner offers to make <br />an award or settle a claim for damages, Guarantor fails to <br />respond to Lender within 30 days after the date such notice is <br />mailed, Lender is authorized to collect and apply the proceeds to <br />the sums secured by this Trust Deed. <br /> <br />Condemnation proceeds or awards shall be credited to the <br />last maturing installments of the indebtedness secured and shall <br />not extend or postpone the due date of the installment referred <br />to in paragraphs 1 and 4 hereof or change the amount of such <br />installments. <br /> <br />11. If the Lender issues a partial release of this Trust <br />Deed, the proceeds received therefor shall be credited to the <br />last maturing installments of the indebtedness secured hereby. <br /> <br />12. If Lender either voluntarily or involuntarily becomes a <br />party to any suit or legal proceeding relating to the Property, <br />Guarantee or this Trust Deed, then Guarantor will reimburse the <br />Lender for all costs and reasonable attorney fees incurred by the <br />Lender relating to such suit or legal proceedings and said sums <br />shall constitute additional indebtedness secured by this Trust <br />Deed and bear interest at the rate payable under the underlying <br />debt until paid. <br /> <br />13. As additional security Guarantor does hereby assign, <br />transfer and set over to Lender, in case of default in the <br />performance of any of the terms or conditions of this Trust Deed, <br />the guarantee, or the terms of any indebtedness secured hereby, <br />all of the rents, revenues and any incomes of any type whatsoever <br />to be derived from the Property, including land contract <br />payments. Lender, in person, by agent or by receiver without <br />regard to the solvency or insolvency of the Guarantor or the <br />value of the Property, shall be entitled to take possession of, <br />repair, rent and manage the Property and to collect the rents, <br />revenues and income therefrom and it may payout of said income <br />all expenses of repair and costs incurred in renting and managing <br />the Property and collecting rentals and for payment of insurance <br />premiums with any remaining balance to be applied to the last <br />maturing payments of the debt secured hereby. Upon presenting a <br />copy of this Trust Deed and demand to any lessee, tenant or <br />contract purchaser of the Property, such person shall pay all <br />rents, payments and profits accrued or thereafter accruing to the <br />Lender until further notice from the Lender. <br /> <br />14. If the Guarantor is a corporation and there is a change <br />in ownership of 50% or more of the corporation's stock or if the <br /> <br />-4- <br /> <br />~ <br /> <br />L <br /> <br />L <br /> <br />~ <br /> <br />~ <br />h <br />