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<br /> 6.1P9b � ��." ����, File No. 838
<br /> such amaunis�s may then or subsequently be due, Benefieiary m�y natify i'rustar and Trustor shaH
<br /> imm�diateiy r�epnsit an amount equa! to such deficiency witli 8eneficiary. Nutwithstanding the�
<br /> foregoing,nothing contafned herein shall cause B�neficiary to be de.emed a trustee of sur.hfunds�ax�.
<br /> t�[k cwti�at�.3 t�t;:fr;:�►i�aily al�+iUUftii,Iil E�cess of ti;�ar��aunt af funds so d��asFied,pursua�it tq 3t�i�:�
<br /> S�+ti�n 1.06. In its sole disCretian, Benaficiary may�+�vaive Trusto�'s obligation to comply:with'tfifr '
<br /> deposit requfrements of thfs Secdon 1.06,pr�vided that Benefi�ciary may,at any tim�t tharc;aft[try.irt its
<br /> sole dlscret(on, rsscind such waiver by natice, whereupon Trustar shall resuma dHpasttin�suah ..
<br /> amounts in the manner req�ired hereunder. ff Beneficiary waives'frustor's o�iliIIatinn ta dttp�sii�
<br /> amounts in the manner described above,Trustor shall pay all insurance premiums,at�I�asi thirt��(30)��
<br /> days prior to thefr due dates and shall,within ten i1p)days of suGh payment,dalivQr pmof,tltareaf Ga .
<br /> BeneRciary. �
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<br /> seneficiary may, at an)�time at Ben��ciary's aption, appiy any sums,or amount�receitirad 1
<br /> purr,uant hereta, or as rents or income of tlie Mortgaged ('roperty or otherwise,upon any Sacur�d i
<br /> Obl;gatian in such manner and order as sQneftc+ary may elect. The rec�eipt,use or applicaticrn of�an���.
<br /> such s�ms by Beneficiary hereunder sh111 not be construed to affect the maturity of any�.Secuma
<br /> qbli�atiors or any of the riahts or powers of Beneficiary undpr the terms�f th�Loan DceumQnt��or.anp�_ . . ,
<br /> of thi�obligatians of Trustnr�aP any guarantor under ti��Loan Qocuments. '
<br /> Section 1.07. lnsurance Proceeds. After the occurrr.nce�3 z�n��asualty to the M�ut�a�ed �
<br /> • Property,or any part ther�of,7rustor shall give prompt written not��{t ihereof t�Beneficiary and eaah
<br /> insurer and�romptty submit a claim to insurer far payment of insurence proceeds;Trustor shall p�ovida. '
<br /> Seneficiary with a copy of such claim.
<br /> � (a) All proceeds of insurance paid or payable under any insurance poliay(the
<br /> • =insuranee'rroceecis"}wiin respecii�v ii�e iviorigageci Frc�riy si�aii�F,aiu«,��n&�c��a�u:.h
<br /> in5�rer is hereby Hut��arized anE��direc.ted ta make payment for anS�suc� loss diirctl;►•tn. :�
<br /> Ben�ciary instP.acl p��ayment taTrustor. Any fnsurance Proceeds sherll.l�:ne applied fir��t tn thE��
<br /> payment of all cos�s and expenses incumed by Beneficiary in obt�aining such proceeds.:':�.�.'
<br /> Provid�shu Eveni of Default has oc�urred hereunder,or an event which,with the pas�sagQ o#���,� �
<br /> time or the giving af ntitice,would c.�onstitute an Eventof Default he�undar,the balanGe of�df�i ,,=...
<br /> . proc�s,if any,shall fl�e(i)applied byr Beneficiary toward altering,resfiaring or rebuildinp�tilt�:� :•�
<br /> Mcxtgaged P�op�ty or suci�portion thereof that may have been ahere�d,damaged or d�sttt�y�l�',.:.�
<br /> .::M ('s•:', .h� �ia��cc agai��si w�u> se�.ured 'nereby, in sucn order as aenenciary may,in i���
<br /> � . absolute discretion elect. 5uch d�mage or destructiat shall not affect the lien of:thisa•Ueed af
<br /> � • Trust or the obtigaticxis of T�•usior hereunder,and 8eneficiary is authorized at�8eit�i�iaryrs
<br /> option to com�romise and 5ettle all ioss claims on said policies if nai�adjusted promptly��+�°.;� —
<br /> Trustor. The application d Insurance Proceeds in the m�anner set�fcxtl� abc�v� shal! be
<br /> conditic►nal upon'1'rustor first depositing with Benefiaiary such amount as Beneficiarar may,in
<br /> its re,a5aiiable discretion,detem►ine to be required beyrand aha insuranc:e Pr�e�.�ds to complete �;
<br /> ,�� the altering,restorinl�or rebuilding nf the Mcut�ed Prnperty,or such portion theret�f as may �����
<br /> � .. have been altered,d�maged or destroyed("A.dditicxia! �unds"). Disbursement of Insurance,:;
<br /> � ��` PrceePds,together with the Additinnaf Funds,if a�y,requi�ed to be so�deposited b)�Tre�ucr+''� '�
<br /> with Beneff�iary shall be in aa�ardance with Beneflciary`s then current c�n�uction Ioan
<br /> procc�clures. If, however,an Evtnt of Default has�accurred which was not cureti�:thin the
<br /> � applicable cure periad, if any,or 7rustor�h�s�failed to provide the de�osit of the Additianal '
<br /> Furxis within thirty(30)days following tHo d�ri of re.�ceipt af the Insurnn�e Proceeds,then tti� .
<br /> balance of the proceeds,if any,may be appli�d at tha ontia�of Beneficiary,(i)towa�u altering,` � .,,.�
<br /> restorin�or rebuilding the Mortgaged Propeh}�crr wth;�};�rtion thereof that may have been .
<br /> altered,�iu��naged or destroyec�,or(ii)ag,a9nst�+.my�.,Ycirt•t�'�ereby an such order as 13eneficiary • �
<br /> � may in its absoltlte r�.ia��retion elect. � '
<br /> (b) Nohvithstandin�the application of Insurance Proceeds to the payment of a _
<br /> portion of the Secured Obtt�ativn:�,any unpaid portion of the Secured OFiligations shall remain
<br /> � � in fuq force and effec�,and Trustor shall not be excused in the payment thereof. If any act a ,
<br /> occurrence of any kind or nature on which'o�surance was not obta(ned ar obtainabte shat) ��-�
<br /> ..1► . �L..��� a� .... 1...� � .��.a...�.�C� ..f�L... ►• .....�1 ^ T.,�el�r c1�I1 a:u.a- -
<br /> rcaa�a ti■ aaan'aac av an �wa an a.�cauast.ann� ur a�c ���anasoacv .•v�..,.a�� . ... .. . e.�.... . -
<br /> immediatE notice ther�of to[ient�fciary and, unless otharwise so instructeci by Beneficiary,
<br /> shall promptly,at Trustor's solQ eost and expense,wheti��er or not the Insurance Proceeds are
<br /> adequate to cover such cost and expense,r��Eore, repair,replace and rebuild the Mortgaged
<br /> Property as nearly as possible to its value,c�nndition and character immcdiately prior to such
<br /> damage, toss or destruction, in acwrdance with �alans and specifications submitted to and
<br /> approved by Beneficiary.
<br /> (c) Except as provided betnw, nothing mntained in this deed of Trust shall be
<br /> deemecl t�excuse Trustor frorre repairing�r n�aintaining the MaKgageti Property as prnvided
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