Common use of Maintenance of the Secured Property Clause in Contracts

Maintenance of the Secured Property. Trustor shall cause the Secured ----------------------------------- Property to be maintained in good condition and repair and will not commit or suffer to be committed any waste of the Secured Property. The Improvements and the Equipment shall not be removed, demolished or materially altered (except for normal replacement of the Equipment), without the consent of Beneficiary. Trustor shall promptly comply with all existing and future governmental laws, orders, ordinances, rules and regulations affecting the Secured Property, or any portion thereof or the use thereof. Trustor shall give prompt written notice to Beneficiary of any damage or destruction by fire or other property hazard or casualty and shall deliver to Beneficiary copies of any and all papers sent or received by Trustor in connection with the foregoing. Trustor shall promptly repair, replace or rebuild all or any part of the Secured Property which may be damaged or destroyed by fire or other property hazard or casualty (including any fire or other property hazard or casualty for which insurance was not obtained or obtainable) or which may be affected by any taking by any public or quasi- public authority through eminent domain or otherwise, and shall complete and pay for, within a reasonable time, any structure at any time in the process of construction or repair on the Premises. If such fire or other property hazard or casualty shall be covered by the insurance policies which Trustor is required to obtain pursuant to the provisions of the Loan Agreement ("Policies"), Trustor's obligation to repair, replace or rebuild such portion of the Secured Property shall be contingent upon Beneficiary paying Trustor the proceeds of the Policies, or such portion thereof as shall be sufficient to complete such repair, replacement or rebuilding, whichever is less. Trustor will not, without obtaining the prior consent of Beneficiary, initiate, join in or consent to any private restrictive covenant, zoning ordinance, or other public or private restrictions, limiting or affecting the uses which may be made of the Secured Property or any part thereof.