Waste; Alteration of Improvements. Grantor shall not commit, suffer or permit any waste on the Trust Property nor take any actions that might invalidate any insurance carried on the Trust Property. Grantor shall maintain the Trust Property in good condition and repair. No part of the Improvements may be removed, demolished or materially altered, without the prior written consent of Beneficiary except as provided herein. Without the prior written consent of Beneficiary, Grantor shall not commence construction of any improvements on the Premises other than improvements required for the maintenance or repair of the Trust Property or as otherwise provided herein.
Appears in 3 contracts
Samples: Trust and Security Agreement (Cornerstone Realty Income Trust Inc), Trust and Security Agreement (Cornerstone Realty Income Trust Inc), Trust, Security Agreement and Fixture Filing (Apple Suites Inc)
Waste; Alteration of Improvements. Grantor shall not commit, --------------------------------- suffer or permit any waste on the Trust Property nor take any actions that might invalidate any insurance carried on the Trust Property. Grantor shall maintain the Trust Property in good condition and repair. No part of the Improvements may be removed, demolished or materially altered, without the prior written consent of Beneficiary except as provided herein. Without the prior written consent of Beneficiary, Grantor shall not commence construction of any improvements on the Premises other than improvements required for the maintenance or repair of the Trust Property or as otherwise provided herein.
Appears in 1 contract
Samples: Deed of Trust and Security Agreement (Cornerstone Realty Income Trust Inc)
