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201007E3� laws, set or modify rents; in its own name sue ar otherwise collect the rents, incame, issues and profits thereof, in.cluding those past due and unpaid; and apply the same, less casts and expenses of nperation and collection, including reasnnable attorneys' fees, upon any Obligations secursd hereby and in such order as the Authvrity may determine; and except for such application, the Authority shall not be liable ta a:ny person for the collection or nnn-collecCion of any rents, income, issues or profits, for the failure ta asscrt or enforce any of the foregoing rights, nor shal] the Authority be charged with any of the duties or obligatians of a mortgagee in possession, The entexing upon and taking possession of the Property, the collection of such rents, incame, issues or pro�ts, the doing of ather acts herein autharized, and the application thereaf, shall not cure or waive any Event af Default or notice of default h�reunder or invalidate any act done pursuant to such natice. S. Upon an Event of Default hereunder the Authority shall also be entitled to the appointmenl of a receiver by any court having jurisdiction, withaut nolice, to take possession and protect the Premises described herein and operate same and collect ihe Rents therefrom. 6. In the event of any casualty loss or damage ta the Premises, or in the event of any candemnation of the Premises which requires restoration or replacement of thc portion of the Premises so taken, the insurance proceeds or the Condemnatian Awards will be paid tn the Authority. If ihe Subaward is not in monetary or nonmanetary Event af Default, and there are sufficient funds tn repaix or rebuild the lmprovements fram the insurance procecds or the Condemnation Award, the funds will be released by the Authority far the repairing or rebuilding of the Px�mises. In the event the fuands are insufficient ta pay far the repairing ar rebuilding of the Premises, the Authority will pay down the Subaward unless the Grantor provides sufficient funds tagether with the insurancs proceeds or Condemnation Award to pay for lhe repairing or rebuilding of the Premises. 7. The Grantor will keep the Improvements naw existing or hereafter erected on the Prernises insured against loss by fire and such other hazards, casualties, and contingencies, as may be stipulated by the Authority and other hazards as may be required from time to time by the Authority, and all such insurance shall be evidenced by standard Fire and Extended Coverage Insurance Policy or Policies, in amounts not less than necessary ta cnrnply with the applicable Coinsurance Clause percentage, but in no event shall the amounts of coverage be less than ane hundred percent (100%) of the Replacement Values or not less than the unpaid balance of the Obligations secured by this Recapture Deed of Trust, whichever is the lesser, and in default thereof ths Authority shall have the right to effeet insurance. Such policies shall be endorsed with standard Mortgagee clause with lass payable to thc Authority, and shall be deposited with the Authority. If the Premises cavered hereby, or any part thcreof, shall be damaged by �re ox other hazard against which insurance is held as hereinabove provided, the amounts paid by any insurance company in pursuance of the cantract of insurance to the extent of the Subaward then remaining unpaid, shall be paid to the Authority, and, at its optian, may bc applied to tlie debt or released far the repairing or rebuilding nf the Premises. In the event the insurance �raceeds axc insufficient to pay for the xepair or rebuilding of the Premises, the Authority will pay dot�vn the Subaward unless the Grantor provides sufficient funds tagether with the insurance proceeds lo pay for the repair or rebuilding of the Premises. � Hecapture Deed of Trust and Security Agreement 4&39-8956-0838.2