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agnm (b) Trustor, upon obtaining knowledge of the institution of any proceedings for the condemnation of the Premises and Improve- ments or any portion thereof or knowledge of any casualty damage to the Property or damage of any other kind, will immediately notify Beneficiary. Beneficiary may participate in any proceed - ings and join Trustor in adjusting any loss covered by insurance. All compensation, awards, proceeds, damages, claims, rights of action and payments to which Trustor may become entitled shall be paid over to Beneficiary. Beneficiary shall have the sole and absolute discretion, notwithstanding the fact that the security given hereby may not be impaired by a partial condemnation to apply any part or all of the amount collected in connection with any condemnation proceeding: (i) upon any indebtedness secured hereby and in such order as Beneficiary may determine, or (ii) without reducing the indebtedness secured hereby, to the reimbursement of Beneficiary for expenses incurred by it in the restoration of the Property. Such application shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. Beneficiary shall be under no obligation to question the amount of any com- pensation, awards, proceeds, damages, claims, rights of action or payments, and may accept the same in the amount in which the same shall be paid.