|
-�
<br /> �'�' . .
<br /> ,r.�,.�.,. . .,,.,,,�� . . _.
<br /> � .
<br /> ._ . _ . _..- �---- -- '�"'y"nd"` " � � �. ._ _.._..__
<br /> . _- _—_._'. '— '...._.. .. '.._" " ' _"' ""'. _ _ __ .
<br /> .. _'__ " __'_ ' ____ . ... _. ..,._ _ �
<br /> .___'____ .. .. _' _
<br /> . . � . . ' ,. /% , .��.��x..
<br /> • ,.i'_'=_:"'
<br /> ., � • ,� , �""- _
<br /> , ,. .,,._
<br /> „ �� :.,. :.
<br /> 97-� �0145'7 -
<br /> -•���''"`� of bein� completed six months prior to the Maturity Date, and pi�ior to the
<br /> ' ' '�� expirAtion of business interruption insurance;
<br /> (iii) The Trustor shall decnonstrate to the Beneficiary's reasonable
<br /> satisfaction the Trust's abiliry to pay the Loan Obligations relating to the Facility �,,:�_-
<br /> � coming due during such restoxation period; :._
<br /> ...'� H �..^�v:
<br /> � ���:.-_.-•;.
<br /> .,, (iv) Within 60 days frorn the date of such loss or damage the Trustor ,
<br /> � " � shall have given the Beneficiary a written notice electing to have the Insurance ��=`
<br /> ;� Prace�ds applied for such purpose; �SLL='
<br /> [.l:-•
<br /> � (v) Within 120 days foll�wing the date of notice under the preceding �`-
<br /> - .p,�� �1 Dtl�7°rn�and prior to any Insurance Procceds being disbursed to the �_���-��
<br /> ;F Trustar, the Trustor shall have pravided to the Boneficiary all of the following:
<br /> �=-
<br />' (1) If luss nr damage exceeds S100,IX10, complete plans and =
<br />- . speciflcatdans for rest�ration, repair and replacement of the Impravements�
<br /> . � Equipment and Inventory damaged to the conditton, utility and value
<br /> • ' reauired by the preceding subnara�anh (iil.
<br />_ (2) if loss or damage sxceeds$100,000, �ixed-price or guaranteed
<br />�;r r;;�; . maximum cost construction contracts for cnmpletion of the repair and
<br />�:•:�•• � restoration work in accordance with such plans and specifications,
<br /> =-�
<br /> ��s.l
<br />��::;.: . ;..
<br /> _„��•=°�--� (3) if loss or damage exceeda$100,000, builder's risk insurance for
<br />',..n'=...;�"`
<br /> �,. ,.,,+�tiQ
<br />�-~'�_� the fuU cost of construction with the BeneBciary naaned under a stan ar
<br /> ���-:-; _..� mortgagee loss-payable clause,
<br /> �'.w._.lig y'�
<br /> '�r.�ti»••.
<br />-- _:-.-�,_�,� (4) such additional funds(if any} as in the Beneficiary's reasonable
<br />="�=='n��=�`� opinion are necessary to complete the repau, restorarion and replaaement,
<br /> ___ _.___.��, and
<br />_��`�=�-�-���� 5 if l��s Qr dama�e excs�ds $100,000,capies of all permits and
<br />-_.--�:�_::=.�� � ( ) -
<br /> licenses necessary to co�iplete the wark in ace�rdanee with the pl��ns and
<br />-�'-''�'�'':',^� specifications; -
<br />-.z;�:=��-=+..: .
<br />°— ��..: • (vi) If lnss ox damage exceeds$100,U00,the Beneficiary may,at the _
<br /> _-__:�';_,.,-:.
<br />- ,_-.;�T�•.. . Trustor's expenss to the �xtent such expenses and fees are r�asonable,retain an
<br />;z:."`;• ..,: independent inspector to review and approve plans and specifications and
<br /> - . completed construction and to approve all requests for disbursement,which
<br />�>. � '�i - 18- _
<br /> . � V:U,INDSRWE�LWOMUM�SUMVF.4[�NE6AASKA\R6VOO�lI.SHt� 'El.D.�
<br /> 6
<br /> __• � F
<br /> = F;
<br />- �,.
<br /> : ...��.x . �..:
<br /> _ _•.-----��� __ E
<br /> _. ,_.
<br /> - ' • -- �����
<br /> . _ � —� —.
<br />— .... � �—,;-�._.... . .-a,-,.—r+e.�-, '
<br /> ... ..
<br /> .,.
<br /> �..,;..__. ..._.-� „-..:.-:-ir--• ,,,,_.•- --'.-.�
<br />� • i��7�sb[q..t., i.... . . . . . �^ K
<br /> ' -- , ., . , • 1
<br /> . .
<br /> � .
<br /> - �__
<br />
|