|
•�: „�•.c.o . V.
<br /> .'.,..r. _ . , I.
<br /> ..'� , •
<br /> .�,+.I:,\•A� " ' � . 1 •�
<br /> . .1� , �ti.
<br /> . .. ... , ii . ... 1 .. ' ..��. ��
<br /> „ ,• " • ' �f.� .::�Pafi.�ii1{�Ll
<br /> . ' .� . . � . - . � .':1.'.,�1't�
<br /> .. (i . . .. - .
<br /> ' � � .. .�i �� � .
<br /> " T.
<br /> � � �. r
<br /> ✓�� �'V���Q ,
<br /> .,.
<br /> Trustor by the Bene6ciary to the date of repaynaent, and such sum shaU be a part of the , ,
<br /> Loaz� Obligations secured by this Deed of Trust. ��-
<br /> . .�;�Y:�:::,ra.
<br /> . ,. ;_�e.r:c��t_�-
<br /> The Bene�ciary shall not by the fact of approving, disapprovin�, accepting, .,-;.f;;;.'-�=.°=`"�`�"�
<br /> preventin�, obtainin�oz�failing to obtain any insurance, incur any liability for or with �,.y;.�;;;_
<br /> . .:�`,r��.,_,_.---
<br /> � respect to the amounq of insurance carried, the form or legal sufficiency of insurance ;.�..,:�,.�,
<br /> � contracts, solvency of insurance companies, or the carriers' or the Trustor's payment or ���?H�:_
<br /> •� defense of lawsuits, and the 1 rustor hereby expressly assumes full responsibility therefar ��:,
<br /> ' and all liability,if any, with respect thereta '-��
<br /> .ti.;��,:-
<br /> I .:_��,; _�
<br /> �� (d) The Benr.ficiary shall be entitled to receive and collect all Insurance Proceeds _- ^��
<br /> �� and all af the Insurance Proceeds are hereby assigned to the Heneficiary. The Trustor '° y�:�
<br /> r�• slzall execute such further assignments of the Insurance Proceeds as the Heneficiary to :��•
<br /> �1 the extent assignable to be held and/or applied fn accordance with th� provfsions of this „��
<br /> , ' Deed of Trust may frorn time to time reasonably require. Without llmiting the generality :�
<br /> �� of th� foregoing, fallowing the occunence of any casualry or damage involving the'Trust ;" . ':�
<br /> � Estat� Qr 3r; ��n trP_.TP_.OF;the Trustor shall �ive ptoinpt notice thereof to the �a
<br /> � Heneficiary and shall cause all In§urance Proceeds payable e.g a result of such cgsualty or _
<br /> daraage to be paid to the Beneficiary, as additional coUateral secuxiry hereunder subject � �
<br />- to the lien of this Deed of Trust, to be applied by the Beneficiary to the Loan _
<br /> Obligations. � .,-
<br /> ,�
<br />'�"'" - (e) Notwithstanding anything to the contrary set forth in Section 2.S�d) or in the `��:;
<br /> r..,
<br /> :�:;.� ,, - Loan A ee e the Beneficiary agrees that the Beneficiary shall make the Insurance _
<br />�'�w-` Proceeds (ather than business in4erruption insurance proceeds,which shall be held and _
<br />��"' �'""� disbursed as provided in Section 2.12(h) of the Loan Agreement) available to the Trustor �,�_..—
<br />�,�►�:;� .• - -_
<br /> -"'-_-;..�� for the Trustor's repair,restoration and rPplacement of the Improvements, Equipment
<br />��`' == and Inventary► damaged or taken on the following terms and subject to the Trustar's �
<br />;,. ���-::,.., �
<br />��r:-*S.� �:,� F:.;
<br /> l;f. .;..,'„H satisfaction of the fouowing conditions: ��
<br /> _ �'�`'��; �i) �at the tixne of such loss or damage ana at all tinnes thereafter while � __--
<br />_�r�.����'�. � either the HeneSciary or the Trustee is holding an1�portion of sucn Insurance _ _
<br /> -°"�-��:;i�� Proceeds, tliere shall exist no Event of Default which is continuing; -
<br />�Y,�- - �z �
<br /> �•41 .
<br /> =:�''.;„;;: (ii) The Improvements,Equipment and Inventory for which loss or �,,,
<br /> ,�l,�„ `'. -
<br /> n� '.°-�� • �- damage has resulted shaal be capable of being restored (including replacements) 6,__�'
<br />-1. ' to their pre•existing condition and utility as existed immediately prior to the -,.���:
<br />� • occurrence of the loss or damage then in question in all material respects with a ���;,�;���:
<br /> '<<:����-_.
<br /> �}: value equal to or greater than prior to such loss or damage,and shall be capable ,:�.�-_�_��.���.r:u
<br /> - i .mF�..—'�a�nar�a�ve�..
<br />_ � ,'T.•�tT'f'�fl'�ARJ����:.
<br />. . .� - �.r .y.�r��3util�i�!{5'v.�.
<br /> .� .,��p.'�,,,,-_ __ _
<br /> , •.. .,•.��1f1.4F� _.r'_'wW.s,.
<br />_,.. "� '� HLDtil:D.1 1� ' _. ��,s'�,��i�i�,t°•�.:�5_
<br /> V:\LINDPAWE�LWOMIJMItiUNWI'SI�NBBRASIU�RBVDOCVS ,
<br /> _ I . .
<br /> _ : i .
<br /> _
<br /> -'-"-<
<br /> 1 - �_ --�._
<br /> Y ,�
<br /> ,
<br /> . � - - _ ._, _ - - - �- . - -- --- --�---�.... . ._. _. - . �:.
<br />- _....-----_�,_._... __... _ _ ---_- - y , . . : .
<br /> ... . _.
<br /> _. �
<br /> . ,r._ �.... ..�. . . r.,, . �, - . _."t! .
<br /> . :,:.:�=:. .._ . ,�..,.•,� �A� .
<br /> .,.._._ ._. . ..
<br /> r- .,:r. ••v�^—•--- r
<br /> ,:,-,�, ..�.. � ,. . „
<br />_ , . • �
<br /> _,
<br /> � — - -- — - -
<br />
|