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<br /> 97-.�.(�14�'�
<br /> . .• - (viii) If loss or damage e;cceeds $lOQ,000, each disbursement by the ,
<br /> � '" Bene�ciary of such Condemnation Proceeds shall be funded subject to �.
<br /> conditions and in accordance with disbursement procedures which a
<br /> coxnmercial constructi�n lender would typically establish in the exercise oi � �,�•�•:
<br /> saund banking practices and shall be made only upon receipt of , y��_��-r
<br /> .<<::,�;,.,�_ _ _
<br /> i disbursement requests on an AIA G702/703 form (or similar form .. ;-iz=`'��—
<br /> reasonably approved by the Beneficiary) signed and certified by the Trustor ; d;�.�,_.
<br /> �, and its architect and general contraetor with appropriate invoices, lien ,�'�"�::=_
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<br /> �; � waivers and any other documents, instniments and items as may be ��_---�..,
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<br /> ,: ��� required by the Beneflcia�y, and � �
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<br /> '� (ix) The Bene�iciary shall have a first lien and security interest in �,.��;_
<br /> �'t all building materials and completed repair and restoration work and in all _•--��==`
<br /> S� fixtures and equipment acquired with suc h Con demnation Procee ds s u b j e c t `:;,�:,�._�::
<br /> � � to the Permitted Encumbrances,and the Trustor shall execute and deliver �_
<br /> � such mortgages, deeds o f trust, securl ty agreements, financing statements -
<br /> and other instruments as ths Beneficiary shall reasonably request to create, ��-�
<br /> evidence, o�perfect such lien and securiry interest. ���
<br /> rovicie however, in the event that Trustor is required pursuant to a ground iease to so �
<br /> repair, restore and replace the Improvements,Equipment and Inventory affected by such —
<br /> ,,. Taking, Txustor shall not be required to saHsfy tlne conditians set forth in Section
<br /> 2.12 c ii and Section 2.12(c�ii .
<br />_- .. '•• `�'� (d) In the event and to the extent such Condemnation Pro�eeds
<br /> �' '��'" are not required to be made available to Trustor to be used for the repair,
<br /> �.,:,�:,;.,;�
<br /> = • � restorauon and replacement of the Improvemeuts, Equipment and �
<br /> ' ����5''* Inve,ntory affected by the Taldng or in the event the Trustor fails to timely
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