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iW:cu:110:1 <br />9. Rights and Obligations of Subordinate Lender Under the Subordinate Loan <br />Documents and of Senior Lender tinder the Senior Loan Documents. <br />Subject to each of the other tens of this Agreement, all of the following provisions shall <br />supersede any provisions of the Subordinate Loan Documents covering the same subject matter: <br />(a) Protection of Security Interest. <br />The Subordinate Lender shall not, without the prior written consent of the Senior Lender <br />in each instance, take any action which has the effect of increasing the indebtedness <br />outstanding under, or secured by, the Subordinate Loan Documents, except that the Subordinate <br />Lender shall have the right to advance fiords to cure Senior Loan Defaults pursuant to Section <br />6(a) above and advance funds pursuant to the Subordinate Mortgage for the purpose of paying <br />real estate taxes and insurance premiums, making necessary repairs to the Property and curing <br />other defaults by the Borrower under the Subordinate Loan Documents. <br />(h) Condemnation or Casualty. <br />In the event of: a taking or threatened taking by condemnation or other exercise of <br />eminent domain of all or a portion of the Property (collectively, a "Taking"); or the occurrence of <br />a fire or other casualty resulting in damage to all or a portion of the Property (collectively, a <br />"Casualty"), at any time or times when the Senior Deed of Trust remains a lien on the Property <br />the following provisions shall apply: <br />(1) The Subordinate Lender- hereby agrees that its rights (under the <br />Subordinate Loan Documents or otherwise) to participate in any proceeding or action <br />relating to a Taking and/or a Casualty, or to participate or join in any settlement of, or to <br />adjust, any claims resulting from a Taking or a Casualty shall be and remain subordinate <br />in all respects to the Senior Lender's rights under the Senior Loan Documents with <br />respect thereto, and the Subordinate Lender shall be bound by any settlement or <br />adjustment of a claim resulting from a Taking or a Casualty made by the Senior Lender; <br />provided, however, this subsection and/or anything contained in this Agreement shall not <br />limit the rights of the Subordinate Lender to file any pleadings, documents, claims or <br />notices with the appropriate court with jurisdiction over the proposed Taking and/or <br />Casualty; and <br />(2) all proceeds received or to be received on account of a Taking or a <br />Casualty, or both, shall be applied (either to payment of the costs and expenses of repair <br />and restoration or to payment of the Senior Loan) in the manner determined by the Senior <br />Lender in its sole discretion; provided, however, that if the Senior Lender elects to apply <br />such proceeds to payment of the principal of, interest on and other amounts payable under <br />the Senior Loan, any proceeds remaining after the satisfaction in full of the principal ol; <br />interest on and other amounts payable under the Senior Loan shall be paid to, and may be <br />applied by, the Subordinate Lender in accordance with the applicable provisions of the <br />Subordinate Loan Documents, provided however, the Senior Lender agrees to consult <br />with the Subordinate Lender in determining the application of Casualty proceeds, <br />provided further however that in the event of any disagreement between the Senior <br />$ubo,,h,imion Agieemeni— Icgucy Square 55AI-125 <br />