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<br /> � 97— ia��°� � �� �` ,��, , : � -
<br /> `, 3, Insurance. (a) Trustor, at its sole cost and expense, for the mutual f , ' ' <t
<br /> .-. benefit of Tnistor and Seneficiary, sball keep the Trust Prop�rty Insured and ob�ain and =� �- --_---
<br /> ' main ain duting ttte entire term of this Deed of Trust policie5 of�nsur'dttce against loss or � •� t:. '.` �",� '.
<br /> damage by fire and lightning and against loss or damage by all vther risks and hazards as , � �
<br /> required and in accordance cvith the ternts and provisions of Section 7.1 of the Loan � ' , . .'� ° ��-- �
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<br /> Agreement_ �, � . ��°
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<br /> ' (b) If the Trust Property shall be damaged or desoroyed, in whoie or . -
<br /> in parc, by fire or other casualty (a"C�sualty"), ''lYustor shall give prompt notice thereof w ; ..�:�=-�v`-°
<br />. �� Beneficiary. Following ths occurrence of a Casualty, Tnistor shall proceed w restore, �� . . °��_ '-
<br /> ..� repair, rePlace or rebuild the same u►accordance with, and subject ta ths conditions and t. _' �
<br /> limitations set forth in, Section 7.1 of the Loan Agreement. All amounts w be Paid in I
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<br /> � connection witlx a Casualty under such policies shall be governed by the terms aad provisions �� ����
<br /> .:. of the Loan Agreement. �. � .`��''�''" -
<br /> . � . - .F `.: _
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<br /> 4. �a�ment of Taxes. Etc. Trustor shall pay all taxes, assessments, . - " .,
<br /> waier rates ancD sewer rents, now or hereafter levied or assesse� or imposed against the Trust . �:�� . :: ;,�;°
<br /> �. Property or any part thereof(the "Taxes")and all ground rents, maintenance charges, other :. :� . .�, 3,
<br /> impositions, and other charges, including, without limitation,vault charges and license fees '` ;:;''� �� � �
<br /> �,�.,�,�,, ���, „ �.
<br /> .. - for the use of vaults,chutes and similar areas adjoining the Premises, now or hereafter lev;.d : ,�,;:_�..
<br /> � or assessed or imposed against the Tmst Property or any part thereof(tt►e "Other Charg�s°) � ::- `. �: ,�
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<br /> , as the same become due and payable. The foregoing notwitbstanding,the payment ��-� � �.> :
<br /> f.-�=.
<br /> . � obligations of Granwr set forth in this Section 4 shall be subject to Grantor's right w cur:::�sa � ;� .
<br /> � �ch payment obligations pursuant w and in accordance arith the pravision of Section 5.1(T�� �� •_ �_,� -
<br /> _ �- of the Loa�n Agreement. `�� �:;'"�,;� .
<br /> . . ::._ ;rt �:
<br /> � 5. Coademnation. (a) Tn�,stor shall rom tl ve Benefi ' written � ? �
<br /> P P Y S� �Y �° -
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<br /> � notice of the actual or threatened commencement of any condemnation or eminent domain , ,:�
<br /> . proceeding with respect to the TrUSt Froperty(a"Condemaation")and shall d�liver w , r.r�.°-
<br /> " Beneficiary copies of an and all apers served in connection with such Condemna4ion. • . -•��±'"":-
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<br /> ' Following the occurrence of a Condemnation, Tn�swr, shall proceed w restore. repair, - �
<br /> .. ; �eplace or rebnild the�ne in accordance�v�ta, and subject to the cr��didons and limi4a�i� --�,.-_���:,-,�-
<br /> ��` set forth in,Section�r.�l of the Loan Agree��..t.
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<br /> (b) Subject w the provisions o�Section 7.1 of the Loan Agreement, ..; r��.
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<br /> ,� Benefi ' is hereb irrevocabl a pointed as Trustor's attorne -in fact,co led with an
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<br /> g�terest,with exclusn6�puwer to collect, receive and retain any award or payment
<br /> � ("�wart�"3 for a�r tal�ng accomplished through a Coad:mnation and to make a�y .;��;.-���.�
<br /> co m pm�or settlement in conne�tion with such Cond�nation. Notwithst��.:::g any - � - .
<br /> •,_ ,w;Y, �,:�•.:.:
<br /> taking in connection a►ith a Condemnation by any public or quasi-�a�blic authority (incladjng, ��'�����.�'� .
<br /> without limitation,an�►Vansfer made in lieu of or in anticipation�f��ch a Condemnatia�D, . .,
<br /> Trustor s�all continue to pay the Debt at the time and in the manner provided for in the � '�'.. •.
<br /> � Note, in t�is Deed of Tn�st and the other Loan Documents and the Debt shall not be reduced � �
<br /> unless aad until any Award shall have been actually received aad appHed by Beneficiary to �� : � � .
<br /> expensss of collecting the Award and w discharge of the Debt. Be�eficiary shall not be :`.' � .
<br /> limited w the interest paid on the Award by the condemning authority but shall be entitlerl to - : � .
<br /> receive out of the Award interest at the rate or rates provided in the Noie. All amounts to be �
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