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