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2010078�2 of operation and callection, includang reasonable attorneys' fees, upon any indebtedness secured hereby and in such order as the Authority may determaine; and except for such application, the Authority shall not be liable to any p�rson for the collection or non-collection vf any r�nts, income, issues or profits, for the failure to assert or enforce any of the foregoim.g rights, nor shall the Authority be charged with any of the duties or obligations of a mortgagee in possession The entering upon and taking possession of the Properiy, the collection o� such rents, income, issues or p�rofits, th� doing of other acts herein authaarized, and the application thereof, shall not cure or waive any Event of D�fault ar notice of d�fault h�reunder oar invalidate any act done pursuant to such notice. S, Upon an Event of Default hereunder the Authority shall also be entitled to the appointment of a receiver by any court having ju.risdiction, without notice, to take possession and protect the Premises described b�exein and aperate same and collect the Rents therefrom. 6. In the event of any casualty loss or damage to the Promises, or in the event of any condemu�ation of the Fremises which requires restoration or repl,acement of th� partian of the Premises so taken, ths insurancc proceeds or the Condemaation Awards will be paid to the Authority. If the loan is not in monetary or nonmonetary Event of Default, and there aze sufficient fi.�nds to repair or rebwild th� Improvements from the ��Y��ce proceeds or tk�e Condemnation Award, the funds will be released by tlae Authority for the repairing or rebuilding of the Premises. �n the event the funds aze insuf�cient to pay for the repairing or rebuilding of the Premises, the Authority will pay down the debt unless the Crrantor provides sufficient funds together with tlae insurance proceeds or Condemnation Award to pay for the repairing ar rebuilding of the Premises. 7. The Gra�a.tar will keep the Im�rovements now existing or hereafter erected on the Pz�emises insured a�ainst loss by fire and such other hazards, casualties, and contingencies, as may be stipul,at�d 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 �nd Extended �overage Insurance Policy or Policies, in amaunts not less than necessary ta camply with the applicable Coinsurance Clause percentage, but %n uo event shall the amounts of caverage be less than one hundred percent (1.0U%) of the Replacement Values or nat less than the unpaid balance of the Obligations secured by this Recapture Deed af Trust, whichever is the lesser, ara,d in default thereof the Authority shall have the right to effect inswrance. Such policies shall be endorsed with standazd Mortgagee clause with loss payable to the Authority, and shall be deposited with the Autharity. Tf the Premises covered hereby, or a�n.y pazt thereof, shall be damaged by fire or other hazard against which insuraace is held as her�in�bove provided, the aznaunts paid by any insurance company in pursuancc of thhe cnntract af inswrance to the extent of the indebtedness then remau�ing unpai�d, shall be paid to the Authority, and, at its option, may be applied to the debt or released far the repairing or rebuilding af the Prcmises. In the event the incut-ance proceeds aze insu�'i,cient to pay for the repair or rebuilding of the Premises, the Autharity will pay down the debt unless the Grantor provides sufficient funds together with the insurance proceeds to pay for the repair or rebwilcling of the Premises. 8. All Conde�nnatian Awards resulting from any eondemnation for public use of or injury to any of said Premises are hereby assigned and shall be paid to the Authority, who may Recapture Deed of Trust and Security Agraement �+84Q-6755-9942.2