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quasi-public use or purpose, or if any part thereof shall be so
taken or condemned and the part thereof not so taken or condemned
cannot feasibly be used or reconverted for use as a building or •
buildings of the type and character existing immediately prior ta
such taking or condemnation or the cost of restoration ~hall exceed
SEVEN HUNDRED THOUSAND AND 00/I00 ($700~000.00) DOLI~ARS as
estimated by the Architect, or in the event the Lease shall be
terminated by reason_ nf S~,3r}; ta1;:n~ ;~,n,l ~i tr.g fOicy^f3li~y k'iciiiy
referred to as a"Complete Taking"), then, any Award payable to
Mortgagc~r or in connection therewith shall be paid to Mortgagee
and applied as follows: first, to the payment of delinquency or
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( "late" charges, if any; secandly, to accrued and unpaid interest
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on the Indebtedness; and thirdly, to the reduction of the principal
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~ sum of the Indebtedness, and any portion of any Award remaining
~ after full payment of the Indebtedness and satisfaction of this
Mortgage shall be paid to Mortgagor.
(d) In the event that a portion of the Premises is taken or
~ condemned so that there is less than a Complete Taking, then,
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~ Mortgagors promptly shall commence (but in no event later than
~ thirty (3~) days after the occurrence of such taking or
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~ condemnation, as the case may be), and provided that Mortgagee has
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~ released the Award to the extent required hereunder, diliqently
continue to repair, restore, replace or rebuild the Real Estat~ and
Equipment in accordance with the provisions of Paragraph 28 hereaf,
as if such taking or condemnation had resulted in "damage or
destruction to the Real Estate and/or Equipment" (within the
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