|
<br />
<br />84- 005068
<br />
<br />amounts owing on any insurance policy orresul tin9
<br />demnaticn, to
<br />provements or
<br />under,
<br />
<br />1.8, Eminent Domain. (a) In case the Collat&ra1., or
<br />part or interest in any thereof, is taken by condemnation;
<br />Beneficiary is hereby empowered to collect and receive
<br />compensation and awards of any kind whatsoever (referred
<br />collectively herein as HCondemnation Awards"') which )r,,&1'- be p'.aid:
<br />for any property taken or for damages to any property not taket'1
<br />(all of which the Grantor hereby assigns to the Beneficiary), and
<br />all Condemnation Awards so received shall be forthwith applied by
<br />the Beneficiary, subject to Section 1.8(b) below, as it may
<br />elect, to the prepayment of the Note or any other Liabilities, or
<br />to the repa~r and restorat~on on any property so taken or
<br />damaged. The Grantor hereby empowers the Beneficiary, in th.e
<br />Benef:lc~ary' s discretion. to settle, compromise and adjust any
<br />and all claims or r~ghts ar~slng under any condemnation or
<br />em~nent domalD proceeding relating to the Collateral or any
<br />port:lon thereo:, Seneficlary agrees to consult with Grantor with
<br />respect: to settllng any such clalms; provided, however that all
<br />such matters shall, ,~ the event of any dispute be settled as
<br />jeter~lned by Benefic~ary ~n its ~oj discretlon.
<br />
<br />(oj 1:. ;jQ Di:fa',;l<:; <~X.i. ,rs hereunder and if the portion
<br />of 1:he Frerelses so taken .is less t.han seventy-five percent (75%),
<br />does r:o':: ad\-~ersel v affect, the use of t:.he improvements as a
<br />shopp~ng ma~~ and does not materially diminish its value,
<br />Beneflc.:ar}' sr:al.l apply such proceeds ior the sole purpose of
<br />alte~-:.ng, reb~..L:.':dlng or restorlng the Premises, and any excess
<br />-<-p.,......,~ r~ema.:r:.;.~g af:.er suer:. a1 -ceratlon. rebui ld.tng or restoration
<br />shall be appl:ed ~G paymen~ of the Grantor's Llabilitles.
<br />
<br />_ ... _. -' - ~=-<?_~~_;-~:~~~~l~_~:",,!~~~~~~_~-,:~:~.pt::.,,. Gran't?r will at all t~me5
<br />:'..l~iY co:npJ..Y \..'1":::, ana .:::aUEe ~ne :-..'Oll.ateral and the use ana con-
<br />d:~:c~ the~ecf ;~:ly ~0 ~oroply ~~th. all fede~al, s~ate, coun~y,
<br />munlc:pa:~ :ccal and ~~her gcvernmental statutes. ordinances. re-
<br />q'J.lr-e-me~'t.s.t r~gulat:.::r:s~ ~~ules,. oraers and decrees of any kind
<br />wha~soever tha~ apply or re:ate ~o the Grantor or the Collateral
<br />or ..~he ~se :~ereoi} ana ~lll observe and comply ~ith. all
<br />CC:1-O::" 't: c~:.s ana :requ~ rement:s :1ecessary t.o preserve and extenc any
<br />and a1: :-:..gh-C$, :lcenses. permlts~ pr.lvl1eges! franch:lses and
<br />conceSSlO~S (inc~udlng, Wl~nou~ llm~ta~~on, those relat~ng to
<br />land use ana development, lanamark preservatlon, construCtlOn,
<br />ac:::e-ss.. \o.'ater rl.qhts and use, nOl.se aha pollution) 'Jow.hi::h are
<br />appllcable ~o ~he Gran~Qr or ha;"e been granted for ~he Collateral
<br />or ~he use thereof.
<br />
<br />1.lO~ ~o Mechan.lcs' LJ..ens. :'he Grantor "":111 not de or
<br />permi't to be do::e'-an-y~..act or--t:h~'1g, and no person shall have any
<br />right or power 'to do any ac"t or thingl whe:-eby any mechan.lcs'
<br />lien under the laws of the State of Nebraska can arise agalns~ or
<br />attach to t.he Premlses or any part thereof ';.,lnless such lien shall
<br />fir-st be wholly wa~ved as against: ~his Deed. In addition, It is
<br />further expressly made a covenant and cond~tlcn hereof ~hat t~e
<br />lien of thls Deed shall extend to any and all ~mprovements and
<br />fixtures now or nereaf"t.er on the Fremlses, p:-lcr to an:i other
<br />llen thereon that may be cla~med by any person, so that
<br />subseq'tlently aCCr'..llng c~aJ..ms for llen on the Prerr,lses S;la.L~ ':"'":le
<br />Jun~or and subcroln.ate to thlS Deed. All contra~t.:,lrs, 0ub-
<br />
<br />I
<br />L
<br />
|