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<br /> File No. 958
<br /> �:b� 2.0698
<br /> �. �~ � 98-- i�►101� .
<br /> (b) Notwithstanding the application of Insurance Proceede to tha ,•:-.
<br />, •� paymeat of a portion of the Saaured Ob1lgaCione, any unpaid portion of the ._�,_
<br /> � Sacured Obligationa ahall remain in full £oxce and effect, and Trustor s---
<br />.�,+�'�i�''� ehall no�c be excueed in the payment thereoi. If any act or occurrence of _R
<br /> assy 3cind or nature on which ineurance aas not obtained or obtainable ahall v.r-
<br /> "'�� reault in damage to or loea or deatruction of the Mortgaged Property, _:
<br />- �� Truator ahall giva immediate notice thereof to Beneficiary and, unlesa
<br /> � otherwise so instrucL•ed by Beneficiary, shall promptly, at Truator'a sole
<br /> � coet and expense, whether or not the Insurance Proceeds are adequate to
<br /> cover such coat and expenee, reotore, repair, rap].ace and r.ebuild the __
<br /> . � ,� Mortgaged Property as nearly ae posaible to its vaLue, condition ain
<br /> �� � character immediately prior to auch damage, losa or destruction,
<br /> ° accordance with plans and apecifications submiteed to and approved by
<br /> �' Sene f iciary.
<br /> . (c) Exeppt as provided below, nothing contained in thia Deed of
<br />-� Trust shall be deemed to excuae Txuntor from repairing or maintaining ehe
<br /> ' • Mortgaged Property as provided in Section 1.09 hereof. The appliaation or —
<br /> release by Seneficiary of any Inaurance Proceeds ahall not cure ar waive
<br /> • ���-� any Event of Default or notice of default under this Deed o£ Trust or
<br /> invalidate any act done pursuant to such notice. If Beneficiary elects
<br />� ,ti not to so apply the Insurance Proceeds to the reatoration, rebuilding or
<br /> repair of the Mortgaged Property purauant to Section 1.07(a) hereof,
<br /> Truator ehall not be required to reatore, rebuild or repair the portion of
<br /> - the Mortgaged Property damaged or destroyed, and the failure to do so
<br />_. shall not conatitute an Event of Default under this Deed of Truat.
<br /> � Seetion 1.08. l�asianmsnt of Po�+ea�• IIioon !o �aloaur�. ln i:he esveiat :.f
<br /> the foreclosure of this Deed of Truat, or other transfez� of title to the
<br /> �• Mortgaged Property, or any part thereAf, by nonjudicial forecloaure aalo or deed
<br /> f in lieu of foreclosure, the purchaser of the Mortgagsd Property, or such part
<br /> , th�reof, shall succeed Co all of Trustor's rights, including any rights to
<br />` � unexpired insurance and unearned or returnable premiums, in and to all inaurance
<br /> �'' . ' "� policiee required by Saction 1.05, subject to limitations on assignment af
<br /> �t� � blanitet policios, and limited to such rights as relate to the Mortgaged Property
<br /> or such part thereof. if Beneficiary acquiree title to the Mortgaged Property,
<br /> •� or any part thereof, in any manner, it shall thereupon (as between Trustar and
<br /> � •.. h:.>•' Beneficiary) become the aole and abaolute ovmer of the inaurance policisa, and
<br /> ''"'•"� '� �• all proceeds payable thereunder with reapect ta the Mortgaged Property, or euch
<br /> ::�,... ., -
<br /> _ . part thereof, required by Section 1.05, with the eole riglat to collect and retaa.n
<br />-• all unearned or returnable premiuma thereon with respact to the Mortgaged
<br /> -� Rroperty, or such part thereof, if any.
<br /> - •+ r •..,,.,a�a�.+-aoar 3ubrocratio^• 01ia°�T nf effsat.
<br /> - • • �•� Section 1.09.
<br />- ' �.. (a) If Beneficiary is made a party defendant to any litigation
<br /> �ti : concerning this Deed of Truat or the Mortgaged Property, or any part
<br /> � thereof or interest therein, or the occupancy thereof by Trustor, then
<br /> � Trustor ehall indemnify and hold Beneficiary harmless from all liability
<br /> a by reaeon of auch litigation, including all attorneys' fees and expens es
<br /> ' incurred by Beneficiary in any such litigation, whether or not any such
<br /> j n litigation is prosecuted to judgment. Upon an Event of Defaul t,
<br /> t eenef iciary may employ an attorney or attorneys to protect its righCe
<br /> hereunder, and in the event of auch employment following an Event of
<br /> ' Default, Truator shall pay all aCtorneys' £ees and expensea incurred by
<br /> - � Beneficiary, whether or not an action ia actually commenced againet
<br /> Trustor by reason of an Event of Default.
<br /> (b) Trustor waivea any and all right to claim or recover againat
<br /> Beneficiary, its officera, employees, agenta and repreaentatives, for loas
<br /> „F .,,- �amaeP to Trustor, the Mortgaged Property, Trustor's property or the
<br /> property of others under Trustor's control Erom any cause insureci againsi
<br /> or required to be inAUred against by the proviniona of this Deed of Trust.
<br /> , (c) All aums payable by Truseor hereunder nhall be paid without
<br /> notice, demand, counterclaim, setoff, deduction or defenae and without
<br /> � abatemenC, suspenaion, deferment, diminution or reduction, and the Secu red
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