Common use of Insurance; Casualty Clause in Contracts

Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by Mortgagee.

Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "“special perils" ” or "“all-risk-of-physical-loss" ” insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "“full replacement cost" ” of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH Paragraph 3 shall be paid annually in advance and shall contain the "“Replacement Cost Endorsement" ” with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by Mortgagee.

Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep keep, or shall cause to be kept, the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-all risk of physical loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, burglary and theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation", and shall have a deductible no greater than $10,000 unless so agreed by Mortgagee.

Insurance; Casualty. (a) MortgagorBorrower, at its sole cost and expense, shall keep each of the Individual Properties comprising the Mortgaged Property insured during the term of this Mortgage Agreement for the mutual benefit of Mortgagor Borrower and Mortgagee Lender against loss or damage by any peril covered by a standard "“special perils" ” or "“all-risk-of-physical-loss" ” insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "“full replacement cost" ” of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor Borrower a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH 3 Paragraph 3.1 shall be paid annually in advance and shall contain the "“Replacement Cost Endorsement" ” with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by MortgageeLender. In addition, Lender may, at its option, retain the services of a firm to monitor the policies of insurance for conformance with this Agreement, the cost of which shall be borne by Borrower.

Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH Paragraph 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation, and shall have a deductible no greater than $10,000 50,000 unless so agreed by Mortgagee.

Insurance; Casualty. (a) MortgagorTrustor, at its sole cost and expense, shall keep the Mortgaged Folsom Trust Property insured during the term of this Mortgage Deed of Trust for the mutual benefit of Mortgagor each Trustor, Trustee and Mortgagee Beneficiary against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-all risk of physical loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor Trustor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH Paragraph 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by MortgageeBeneficiary.

Insurance; Casualty. (a) MortgagorTrustor, at its sole cost and expense, shall keep the Mortgaged Trust Property insured during the term of this Mortgage Deed of Trust for the mutual benefit of Mortgagor each Trustor, Trustee and Mortgagee METRO SQUARE SHOPPING CENTER LOAN NO. 6518303 Beneficiary against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-all risk of physical loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor Trustor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by MortgageeBeneficiary.

Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "“special perils" ” or "“all-risk-of-physical-loss" ” insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "“full replacement cost" ” of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH Paragraph 3 shall be paid annually in advance and shall contain the "“Replacement Cost Endorsement" ” with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by Mortgagee. In addition, Mortgagee may, at its option, retain the services of a firm to monitor the policies of insurance for conformance with this Mortgage, the cost of which shall be borne by Mortgagor.