Obligation to Repair. If all or any part of the Mortgaged Property shall be damaged or destroyed by fire or other casualty or shall be damaged or taken through the exercise of the power of eminent domain or other cause described in Section 1.6.3, Mortgagor shall promptly and with all due diligence restore and repair the Mortgaged Property to the extent that the proceeds, award or other compensation, or proceeds of the Loans, are made available to Mortgagor.
Appears in 3 contracts
Samples: Mortgage (Daktronics Inc /Sd/), Real Property Mortgage (MGP Ingredients Inc), Real Property Mortgage (MGP Ingredients Inc)
Obligation to Repair. If all or any part of the Mortgaged Property shall be damaged or destroyed by fire or other casualty or shall be damaged or taken through the exercise of the power of eminent domain or other cause described in Section 1.6.3, Mortgagor shall promptly and with all due diligence restore and repair the Mortgaged Property to the extent provided that the insurance proceeds, or condemnation award or other compensation, or proceeds of the Loans, as applicable are made available to Mortgagor.
Appears in 2 contracts
Samples: Real Property Mortgage (Sigmatron International Inc), Real Property Mortgage (Sigmatron International Inc)
