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1 .30$71175A 87.'.x.. 100605, <br />(a) All of its right, title, interest or claim, if any, in and to <br />the proceeds of all policies of insurance covering the Mortgaged Premises <br />for application upon the indebtedness secured by or other disposition <br />" <br />thereof in accordance with the provisions of the Goldome Deed of Trust; <br />and <br />(b) All of its right, title and interest or claim, if any, in and <br />to all awards or other compensation made for any taking of any part of <br />the Mortgaged Premises to be applied upon the indebtedness by or <br />disposed of in accordance with the provisions of the Goldome Deed of <br />' <br />Trust. <br />In the event that following any such application and disposition of the <br />insurance proceeds and condemnation award and other compensation, any <br />balance remains; then such excess. shall be made payable to the joint <br />order of the holder of the Second Mortgage and the then owner of the <br />real estate therein described. <br />5. That if the legal holder of the Goldome Deed of Trust shaft at <br />any time release to the T'rustor thereunder any such insurance proceeds <br />or condemnation award for the purpose of restoration of the Mortgaged <br />Premises, such releases shall not be deemed tro be an additional advance <br />under the Goldome (feed of Trust; nor shalt it otherwise tie deemed to be <br />in violation of any restriction of the within Deed of Trust upon the , <br />mint permitted to be secured by the ohim — Deed of Trust and to ' <br />which the Second :Mortgage is subordi te= <br />6 _ That the Second Mortgage and the tip thereof shad be, ara3 <br />the sale are hereby made and shall continue, subject and subordinate to <br />any and i leases alt or an part of the Mort Premises to <br />eldoine <br />be, or shat <br />which the lien o ' the Deed of Trust shall now , fo <br />hereafter have. been made, subject and subordinate. <br />� <br />7. That so long as the Deed of Trust shall remain upon <br />the Mortgaged Premises or any part thereof, the holder of the Sew <br />Mortgage, its successors or assigns or any other legal holder hereof <br />shall. <br />' <br />(a) - execute, aclCnowiedge and teiiver, upon demand, at any r <br />time or times, any and all further subordination+s or other instruments in <br />recordable form reasonably sufficient for that purpose or that the <br />t <br />if eficiarv, its successors or assigns, or other legal holder of the <br />Goldome Deed of Trust, way hereafter reasonably raequire for carrying <br />out the true purpose and intept of the foregciing essants: and <br />(bt contemporaneously ser d to Cokimse a copy of any notice <br />of default served upon the mo tnagor of the Second Mortgage.. <br />IN WITNESS" WHEIREOF, the undersiarsed have executed this <br />Subordination Agreement can the date first set o-h above_ <br />