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<br /> . �pc��i�:W^�t-.. � --- --
<br /> ; ,, ��� . .�, right to settle or compromiee, and ehall aot eettle or _
<br /> , ; , compromioe, any claim or proceeding relating to such Loes or =--�r
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<br /> � ���- � Proceado without Heneticiary'e reaeoaa.ble coneent. Grantor ehall ��-^'"''��`=''`�
<br /> L� •:. � � � proceed praanptly and diligently proeecute ia good faith the �'`4t""°'!
<br /> ,� T, - eettiement or compromiee ot any and ail claime or proceedinge ___
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<br /> ' �^'�-�� relating to such Loea or Proceede; pravided, however, any auch ���_._--_�-=�
<br /> �� . ' � � settlement or compromiee ehall be eubject to Heneficiary's �""�"--- -
<br /> �� � reaeonable consent. =n the event that araator faile to proceed �=�'�"��q�=�.-�=-��-
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<br /> � -� pra�gtly and diligently proeecute in good faith any euch .. . i� �
<br /> "` �� � ' eettlemeat or compromiee, Grantor hereby authorizes Beneficiary . - � 4.• "
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<br /> - � �,�:�;���'��-' � to settle and compromise euch claims relating to auch Lose or ��°•��,���'�
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<br /> . . .�� , Procesde. Grantor hereby authorizes and directa aay affected
<br /> '� :.���.=-�+►�»���= ineurance company and any affected governmental body responeible
<br /> � ° for such CoademnaC.ion to make ant �� tlie Proceede 3iract2' �o ' � -�'�""
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<br /> �� � Be�eficiary. If Grantor receives any Proceeda, Grantor ehall ��• • �� .
<br /> � ' � promptly pay over euch Proaeeda ta Henef iciary. Graator hereby � "�-�-�"��-��-
<br /> �� covenante that uat11 euch Proceeda are eo paid over to �
<br /> Penegiciary, Grantor shall hold such Proceede in truet for the ! �; ....``:�*'`
<br /> benefit of Beneficiary and shall not cocraningle such Proceeds with _.:,.,; . �.i:� ,�
<br /> aay other funde or aeeete of (3rantor or any other party. _r.,, • . ,
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<br /> � (b) If an Event of Default exfeta, the Beneficiary � : ` ��;`.—
<br /> , � ^ ahall have the right, at ite optioa, (i) to apply aay Proceeda � �� '"��" �':� -
<br /> • toward the cyre of any such Event of Default; or (ii) to pay any ��w����
<br /> ' Proceeda paid ta ar collected by it (togeth�r with any income ��•�� �-=.:r�.�:
<br /> � , earned thereon) towarde the prepayment of the Loane. �:-' '°�,'
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<br /> � (c) If no Event of Default exiata, then the provieione �:, . ��;.�,�:;, .Y�
<br />, � • of thia clauee (c) of thie Sectian ehail apply. Heneficiary ��•� � :� � F��`�
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<br /> - --- - - = shall detsxa�ine wh�ther uader SubsectiQn 2.5 P �f the Cred�t �':--:1 -�' -�_-�
<br /> ��'� �'��� Agreemenx, after giviag effect to the Loas, a Collateral
<br /> ,;�_, •
<br /> ! � . . . Deficiency exiate. if, after giving effect to the Lase, �
<br /> ' � ' Beneficiary determines that no Collateral Deficiency exiete,
<br /> � � Benefi�iary ehall release the Proceede to Grautor. If, however, � ..w �
<br /> after giving effect to the Loea, Beneficiary determinea that a '
<br /> .� Collateral Deficiency exists, eeneficiary shall provide Grantor � � �
<br /> • and Horrower notice of such determinatioa (the "Det�rmiaation s �1•�� �
<br /> . Notiia�") , and 8eneficiary shall remain in posaesaion of the � "
<br />- Proceeda uatil 8orrower compliea with Section 2.6 B of the Credit �
<br /> . �� Agreement or until Beaeficiary receivea frvm Grantor a Notice to � •��"`sw:_-1
<br /> �'�'`� Reatore pureuant to clauae (d) of this 3ection 3.02. The ° • �
<br /> ' ' Detezmination Notice ahall alao specify whether in Heneficiary's �
<br /> ,;�„ reasonable judgment the Proceeds are eufficient to Re�tore the
<br /> � � Property and Beneficiary'e reasonable determination as to whether ;,:=r4r,-.
<br /> �:�:,;: the Casualty or Condemnation giving ri�e to the Losa will � Rr-_=.
<br /> materially affect or require a modification or change in the . .. .��=-
<br /> • � centemplated uae or operation of the Property. If within ninety : *<<-r��
<br /> ' (90) daye after delivery of the Determination Notice, Boxrowex "�;°':`"
<br /> � has not complied with 3ubsection 2.6 H of the Credit Agreement
<br /> � and Beneficiary has not received a Notice to Reatare from Grantor
<br /> � pureuant to clauae (d) of thie 3ection 3.02, Heneficiary shall be :
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