Laserfiche WebLink
restoring the Property to its former condition or replacing it <br />with equivalent or more suitable facilities; or, if not so used, <br />shall be paid over to the Treasurer of the United States in an <br />amount equal to the unamortized public benefit allowance of <br />Property multiplied by the current fair market value of the <br />improvements lost, damaged or destroyed. If the Property is <br />located in a floodplain, GRANTEE will, during the period it holds <br />title subject to conditions subsequent 1, 2, 3, and 4 of <br />Paragraph 6 of this Deed insure the Property and any machinery; <br />equipment, fixtures, and furnishings contained therein against <br />loss, damage, or destruction from flood, to the maximum limit of <br />coverage made available with respect to the Property under ' §102 <br />of the Flood Disaster Protection Act of 1973 (P.L. No. 93 -234). <br />Proceeds of such insurance will be used as set forth above. <br />21. GRANTEE further covenants to pay damages for any time <br />period held over beyond the time period stated in a demand to <br />quit possession of the Property at the fair market rental value <br />plus reasonable attorneys fees and costs of the GRANTOR in <br />securing the return of the Property. <br />22. All covenants, conditions subsequent, and restrictions <br />contained in this Deed shall run with the land and be binding <br />upon GRANTEE, its successors and assigns, to all or any part of <br />the Property. All rights and powers reserved to GRANTOR by this <br />Deed may be exercised by any successor in function to GRANTOR, <br />and all references in this Deed to GRANTOR shall include its <br />13 <br />