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�O�i05508
<br />(S� Such other insurance and in such amounts, as may, from time to time, be reasonably
<br />required by Beneficiary against other insurable hazards or risks, including, but not limited to, environmental
<br />impairment liability coverage, nuclear reaction or radioactive contamination coverage and/or earthquake coverage,
<br />which hazards or risks at the time are commonly insured against, and provided such insurance is generally available,
<br />for property similarly situated, due regard being given to the height and type of building, its construction, use and
<br />occupancy.
<br />Except as herein expressly provided otherwise, all policies of insurance required under this Section 2.1(d)
<br />shall be issued by companies, and be in form, amount, and content and have an expiration date, approved by
<br />Beneficiary and as to the policies of insurance required under subparagraph (1) of this Section 2.1(d), shall contain a
<br />Standard Non Contributory Mortgagee Clause or Lender's Loss Payable Endorsement, or equivalents thereof, in
<br />form, scope and substance satisfactory to Beneficiary, in favor of Beneficiary, and as to policies of insurance
<br />required under subparagraph (1) of this Section Z.1(d), shall provide that the proceeds thereof ("Insurance
<br />Proceeds") shall be payable to Beneficiary. Beneficiary shall be furnished a certificate of each policy required
<br />hereunder, which policy shall provide that the issuing company shall endeavor to notify Beneficiary in writing at
<br />least thirty (30) days' prior to cancellation or modification of the policy. If requested by Beneficiary, Trustor shall
<br />also furnish to Beneficiary a copy of each such policy: At least thirty (30) days prior to eacpira.tion of any policy
<br />required hereunder, Trustor shall furnish Beneficiary appropriate proof of issuance of a policy continuing in force
<br />the insurance covered by the policy so expiring. Trustor shall fiunish Beneficiary receipts for the payment of
<br />premiums on such insurance policies or other evidence of such payment reasonably satisfactory to Beneficiary in the
<br />event that such premiums have not been paid to Beneficiary pursuant to the terms of this Deed of Trust. In the event
<br />that Trustor does not deposit with Beneficiary a new policy of insurance with evidence of payment of premiums
<br />thereon at least thirly (30) days prior to the expiration of any policy, then Beneficiary may, but shall not be obligated
<br />to, procure such insurance and pay the premiums therefor and any money paid by Beneficiary for such premiums
<br />shall be reimbursed to Beneficiary in accordance with the terms of this Deed of Trust.
<br />In the event of the foreclosure of this Deed of Trust or other transfer of the title to the Mortgaged_Property
<br />in extinguishment, in whole or in part, of the Obligations, all right, title and interest of Trustor in and to any
<br />insurance policy, or premiums paid in connecrion with such policy or payments in satisfaction of claims or any other
<br />rights thereunder then in force, shall pass to the purchaser or grantee. Nothing contained herein shall prevent
<br />accrual of interest as provided in the Note on any portion of the Obligations to which the Insurance Proceeds are to
<br />be applied until such time as the Insurance Proceeds aze actually received by Beneficiary and applied by Beneficiary
<br />to reduce the Obligations secured by this Deed of Trust. All of such insurance shall be subject to such deducribles
<br />as are approved by Beneficiary.
<br />(e) Reserve for Insurance, Taxes and Assessments. [Intenrionally omitted].
<br />(t� Eminent Domain and Condemnation. Trustor shall notify Beneficiary immediately of any
<br />threatened or pending proceeding for eminent domain or condemnation affecting the Mortgaged Property or arising
<br />out of damage to the Mortgaged Properiy, and Trustor shall, at Trustor's e�pense, diligently prosecute any such
<br />proceedings. Beneficiary shall have the right (but not the obligation) to participate in any such proceeding and to be
<br />represented by counsel of its own choice. Beneficiary shall be enritled to receive all sums which may be awarded or
<br />become payable to Trustor for the condemnation of the Mortgaged Properiy, or any part thereof, for public or quasi-
<br />puBlic use, or by virtue of private sale in lieu thereof, and any sums which may be awazded or become payable to
<br />Trustor for injury or damage to the Mortgaged Property. Trustor shall, promptly upon request of Beneficiary,
<br />execute such additional assignments and other documents as may be necessary from time to time to permit such
<br />participation and to enable Beneficiary to collect and receipt for any such sums. All such sums are hereby assigned
<br />to Beneficiary, and shall, after deduction therefrom of all reasonable e�cpenses actually incurred by Beneficiary,
<br />including attomeys' fees, at Beneficiary's option be (1) released to Trustor, or (2) applied (upon compliance with
<br />such terms and conditions as may be required by Beneficiary) to repair or restoration of the Mortgaged Property so
<br />affected, or (3) applied to the payment of the Obligations in such order and manner as Beneficiary, in its sole
<br />discrerion, may elect whether or not due. In any event the unpaid portion of the Obligations shall remain in full force
<br />and effect and the payment thereof shall not be excused. Beneficiary shall not be, under any circumstances, liable or
<br />responsible for failure to collect or to exercise diligence in the collection of any such sum or for failure to see to the
<br />proper application of any amount paid over to Trustor. Beneficiary is hereby authorized, in the name of Trustor,. to
<br />execute and deliver valid acquittance for, and to appeal from, any such award, judgment or decree. All costs and
<br />expenses (including but not limited to attomeys' fees) incurred by Beneficiary in connection with any condemnation
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