Temporary Use or Taking Sample Clauses

Temporary Use or Taking. If at any time during the term of this Mortgage the temporary use of the whole or any part of the Property shall be taken in condemnation proceedings, all of the award or proceeds collected by Mortgagee pursuant to Subparagraph 17.A hereof shall be held by Mortgagee and applied by Mortgagee toward the payment of the monthly interest payment or of the monthly payments of principal and interest due on the Debt until such time as the Debt is completely satisfied and paid, except that, if such taking by condemnation proceedings results in changes and alterations to the Property or any part thereof that would necessitate an expenditure to restore the Property or any part thereof to its former condition, then such portion of the award or proceeds as in Mortgagee’s reasonable estimation shall be necessary to cover the cost of restoration shall at the option of Mortgagee be retained by Mortgagee, without application as aforesaid, and be applied and paid over toward the restoration of the Property, or any part thereof, to its former condition in substantially the same manner and subject to the same conditions as those provided in Paragraph 17 hereof with respect to insurance and other monies. In the event that the costs of such restoration shall exceed the net amount collected by Mortgagee, Mortgagor shall pay or cause to be paid the deficiency.