|
�� " . ... .',1:. . .. . _.
<br /> y.'.� � . ...1 . l..�4��� � �� SM �'1:
<br /> 'L��. f.4'a�� -�"�'��."vw�i�P'�ylfyrl;�W,1�r!�. .:... .. .. .. .. �'�, ...�:......
<br /> �r..� r..at.L'.it.i�r.a •'�•.' +T�.
<br /> .. �o1�tl�Mxi- ... _ �,'^_'�3��::.•�
<br /> ��'i _
<br /> • ���i.:. ---=-'
<br /> -;i� :-- -----
<br /> ' ,Y�+t���.
<br /> � File No. 958 �
<br /> 2.0498 . • - .
<br /> g�- sc�1oi�
<br /> (f) I£ requeated by Beneficiary, boiler and m�dTiinery insurance �--.-
<br /> covering preasure veasela, air tanke, boilers, machinery, pressure piping, __
<br /> heating, air conditioning and elevator equipment and escalator equipment, .
<br /> � provided the Improvements contain equipment of aucli nature, and insurance -_
<br /> againat losa of occupancy or uee arising from any such breakdown, in auch
<br /> ,�� amounts as are satiafactory to Seneficiaryt -_
<br /> (g) If requested by Beneficiary, flood inaurance if the Property _
<br /> is in an area identified ao a �pacial flood hazard area pursuant to the _.
<br /> Flood Disaster Protection Act o� i973, as a�nended, or other applicnble �
<br /> � law, with ouch inaurance to be at least tha amount available under the
<br /> `• National Flood Ineurance Act of 1968 and, if available undor other
<br /> '�' policiee iseued by other oourcee, then ia euch additianal amounta as
<br />- �: Beneficiary may reaeonably raquirer and
<br /> � {h? 3uch other insurance, including, without limitatioa, _
<br /> � earthquake insurance, ae may L•rom time to time be required by seneficiary, - -
<br /> in such amounte and against atich hazarde and riaka, as is commonly
<br /> i obtained by prudenC owners of property similar in use to the Mortgaged -
<br />• �� Property and �ocated in the same area in which the Property ia located.
<br /> All policies oE insurance required by the terma �f this Deed of Truat ahall
<br /> %_:-
<br /> contain an endorsement or agreement by the insurer that any losa sha7.1 be payable ,
<br /> in accordance with the texms of auch policy, noewitheeanding any act or negli- _.
<br /> gence of Trustor which might otherwiee result in forfeiture of said insurance, _
<br /> and the further agreement of the ineurer waiving all rights of sstoff,
<br />_.:__._,._.___ �n,intPrn.laim or deductions against Truator.
<br /> $ection 1.06. D�i a varv ^� T^����'anas Po�a aa es Pavm�rit of pramiumi. All
<br /> . policiea of insurance ahall be isaued by companies and in amounta as required by
<br /> the provieions of the Loan Documents and as otherwise satisfactory to
<br />: Beneficiary. All policies of insurance shall name Beneficiary as an additional
<br /> ineured, and ehall have attached thereto a lender's loss payable endorsement for
<br /> the benQ�it of Beneficiary, which endorsement indicatea that all insurance
<br /> proceeds are payable directly to Beneficiary, and shall be otherwiae in form
<br /> � satiafactory to Beneficiary. Trustor aha7.1 fumiah Beneficiary with an original
<br />. or certif ied copy of all policiea of required inaurance.
<br /> � ,• ; Fifteen {15) days prior. to the expiration of each such policy, Trustor
<br /> ahall furnish Beneficiary with evidence satisfactory to Beneficiary of the
<br /> reiaguance of a policy continuing insurance in force as required by this Deed of
<br /> Trust. All such policiea shall contain a provieion that auch policies will not _
<br />. . be canceled or materially amended in any manner, including, without limitation, _
<br /> amended to reduce the acope or limita of coverage, withou� thirty (30) days'
<br /> ' prior written notice to Beneficiary and shall provide that na claims shall be =-
<br /> paid thereunder without at least ten (lo) daya prior written notice to
<br /> : Seneficiary. In all caseo, Truator ahall immediately give notice to Bene�iciary
<br /> y of any notiae received by Trustor of any expiration, cancellation or modification
<br /> � of, or material reduction of coverage undar, ariy auch policy.
<br /> In the event Trustar f.ails to provide, maintain, keep in force or deliver �r��==-___
<br /> and furniah to Beneficiary the policiea of inaurance required by thia L�eed of =_--_�
<br /> Trust or make the deposita required hereunder, Beneficiary may procure �uch ,;�,;-�u.
<br /> inaurance or eingle-interest inaurance for such riaks covering Beneficiary's , . ;
<br /> interest, and Trustor will pay all premiuma thereon promptly upon demand by � �'-'
<br /> Beneficiary, and until surh payment is made by TrusCor the amount of all such .
<br /> , premiuma, together wi.th interest thereon at the Default RaCe. provided by the
<br /> Promisaory Note, shall be secured by thi.s Dzed o£ True�.
<br /> Truator shall deposit with Beneficiary on the first buaineas day of each
<br /> . �„,� a.,arv �alendar month, until all Secured Obligations are paid in full, a non- L_
<br /> interest-bearing amount equal Co one-twelft2-i of the estimated aggregate annuai I--
<br /> insurance premiums on all policies of insurance required by this Deed of TYUSt. .
<br /> Trustor further agreex to cause all bills, statements or other documents relating
<br /> l eo the foregoing insurance premiums to be aent or mailed directly to Senef iciary.
<br /> Upon receipt of such bills, statements or other documenta, and provided Trustor
<br /> � has depoaited sufficient funds pursuant to this Section 1.06, Beneficiary shall
<br /> �
<br /> i 5 �
<br /> �
<br /> . I
<br /> i
<br />
|