MUTUALLY AGREED THAT. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such portion as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation.
Appears in 4 contracts
Samples: Deed of Trust, Deed of Trust, Deed of Trust
MUTUALLY AGREED THAT. In the event any portion of the property Property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such portion as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation.
Appears in 2 contracts
Samples: MPD Funding Agreement, MPD Funding Agreement
