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<br /> ����-���-'�;,,�;,. .� receipt by the BeAeEiciary ot written aotic� thereof j (8) all
<br /> ���' ' " '.�Q' � loeseo ahali be payable notwithetanding any loreclo�ure or other
<br /> �'�� ��' sction or pzoceedir�g taken pursua�ut to thip Deed o! Truotj s�nd -
<br /> .;:.iN �. ._. .
<br /> ��'`,:; � � ' (C) the agreement ot the inaurer waiving any righte o!
<br /> ,;�,w,�<<.z��.:��- •: '_ oubrogation agaiaat the Agent and rhe Hanko.
<br /> .�-.�,�...:::. .
<br /> `n:T - '���.. � (b) Trie Cirantor ehall Eurniah to the Heneficiaxy not �-`� - '
<br /> "'�'�l�" ' � later than 30 days prior to the expiratioa date o! each policy
<br /> ° ''�°'�"'� � � required to be maintained by the c3ranGOr hereunder, an ineurat�ce
<br /> '�� '� � certiticate or certiticatee executed by the ineurer or ita
<br />,�. ���' authorized agent with respect to the new or extended policy.
<br />;:•._ '.: ..,.., � �
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<br /> _ ���_�•- . � � (c) The Cirantor ma.y effect auch coverage under _
<br /> ,. , �"�^'�';"'• subsection la) of t��Ya Sa�t3on under blanket ineurane�e po�i�{Pa _ ___—=_ --
<br /> �•"�`; � • •� covering other propertiee of the Guarantor and its 3ubeidiaries, ��-:��T�.�:_.
<br /> S..� �� nro�ided that (i) any such blaaket fnaurance policy ahall epecify � :•-� �•� �-�
<br />��-- � therein, or the ineurer under such policy ahall certity to the -_
<br /> • ' � . � . Ben�ficiary, (A) the maximum amount of the total i.naurance ;_�;�__
<br /> � . . =-, - .. aEforded by �he blanket policy allocated to the Property, and (H) ��'__ _ __
<br /> � " any aublimits in auch blaaket policy applicable to the Property, _ --- _
<br /> �' ' �'. which aublimite ahall aot be lesa than the amounta required ����� y
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<br /> � �� • , pu�suant to �hie 3ection; (ii) any auch blanket ineurance policy �.��;
<br /> '. � shaZl co�nply in all reepecte with the other proviaioae of this . ,,�,�,';
<br /> ' � �� ' 3ection; and (iii) �he protection afforded under any euch blanket v�� �_=
<br /> ,. .� ineurance policy shall be no leae than that which would have been . ��'` �
<br /> � � , afforded under a separate policy relating only to the Propezty. �-=-=--_
<br /> ., su���e•Q�
<br /> ' ;�;,�''_��
<br /> • .� (d) The (3rantor shall nat maiatain additional or ��,.I-�:�n��.;,.
<br /> . aeparate inaurance concurrent ia form or coatributing i.n the --
<br /> �.� ; � event of lose with the ineurance required under thie 3ectiom, �..:����
<br /> �������' � unlees (i) the policiee providing such additional or separate -{—�`-� -
<br /> �`"�� � � ineurance are eubmitted to the Beneficiary for its approval;
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<br /> � .. �: � (ii) the in�urers under such policiee and the terms thereof are , � -�
<br /> , `�•� approved by the Beneficiary, which approval eh�ll not be �� ''�,. �.'�:���
<br /> unreaeonably withheld; and (iii) the Beaeficiary and the other � �' •' �"�'
<br /> ' Secured Parties are included ia euch policiee ae loaa payees or �•= "'�
<br /> additional ineurede. �ti'.?. �'�:�""`
<br /> . ' . �}�."
<br /> (e) If trie (3rantor fails to maintain the Ineurance � �: -
<br /> . Policiee required to be maintained under thie 3ection, the � °'"''`?
<br /> Heneficiary ehall hav� the right to obtaia auch =nsurance fi
<br /> ' Policiee 3nd pay the premiums therefor. It the Beneficiary � ,'"'' ,~".^'._,_.
<br /> obtaine auah Inaurance Policiea or pays the premiuiae therefor, i
<br /> upon demand, the Graator ehall rei.mburae the Seneficiary for its � �
<br /> . expenaea in coaaection therewith, together with intereet thereon, ., _,'.4 _;;-
<br /> purauaut to 3ection 4.03 . �� � .�.��>"�-
<br /> ��.
<br /> :..�F;i�
<br /> SEC'1'ION 3.02. Casualty and Condemnation. (a) In the i � • w=
<br /> event of any Casualty or Condemnation (a "Loas") , Grantor shall ! _ `� °� __,
<br /> give prompt written notice thereof to Trustee and Beneficiary. � '
<br /> Aay Insurance Proceeds or Awards (the "Proc��da") with respect te ,
<br /> such Losa shall be payable to Heneficiary. Grantor ahall have no �
<br /> ui•tas:ao.v� an,4:
<br /> N.w.s+��m 22 .
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