Use of Condemnation Proceeds. Mortgagee shall make the net proceeds of any Condemnation received by it (after reimbursement of Mortgagee’s out-of-pocket costs of collecting and disbursing the same) available to Mortgagor for restoration, repair and rebuilding of the Mortgaged Property, subject to all of the following conditions precedent:
Appears in 5 contracts
Samples: Mortgage, Security Agreement (Highwater Ethanol LLC), And Fixture Filing (Green Plains Renewable Energy, Inc.), Fixture Financing Statement (Highwater Ethanol LLC)
Use of Condemnation Proceeds. Mortgagee shall make the net proceeds of any Condemnation received by it (after reimbursement of Mortgagee’s 's out-of-pocket costs of collecting and disbursing the same) available to Mortgagor for restoration, repair and rebuilding of the Mortgaged Property, subject to all of the following conditions precedent:
Appears in 1 contract
Samples: And Fixture Financing Statement (Cardinal Ethanol LLC)
