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to and disbursed to Mortgagee to be applied as hereinafter
provided. .
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(b) In the event of damage or destruction to any of the
Real Estate and/or the Equipment or any portion of either thereof, ~
whether insured or uninsured, Mortgagor shall give prompt written
notice thereof to Mortgagee and, Mortgagor shall, unless repair
and restoration is the obligation of the Landlord under the Lease,
or a Ground Lessor, promptly commence and diligently continue to
perform, repair, restoration and rebuilding of the Real Estate and
Eq~aipment so damaged or destrqyed (hereinafter referred to as the
"Work") to restore the Real Estate and the Equipment in full
compliance with all Iegal requirements ar?d so that the Real Estate
and the Equipment shall be at least equal in value, quality and `
general utility as they were prior to the damage or destruction,
and if the cost of the work as estimated by the Architect, as
hereinafter defined, shall exceed Two Hundred Fifty Thousand
Dollars ($250,000) (hereinafter referred to as "Major Work"), then
Mortgagor shall, prior to the commencement of the Work, furnish to
Mortgagee: (i) to the extent the Work is structural, or if complete
plans and specifications are required by law regardless of the cost ;
thereof, complete plans and specifications for the Work (approved
by all gavernmentai authorities whose approval is required) for
Mortgagee's approval thereof (not to be unreasonably withheld),
which plans and specifications shall bear the signed approval
thereof by an architect or engineer reasonably satisfactory to ~
Mortgagee (such architect or engineer being hereinafter referred
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~ooK 675 PN~~ 1100 ~
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