Common use of Condemnation Proceeds Clause in Contracts

Condemnation Proceeds. If all or any part of the Property shall be damaged, diminished in value or taken through condemnation or eminent domain proceedings, or if a consent settlement is entered or a transfer is made under threat of such proceedings, either temporarily or permanently, then any and all compensation, awards and other payments or relief therefor to which Trustor is entitled shall be deemed part of the Property and subject to the Lien of this Deed of Trust and all such proceeds shall be paid to the Trustor and distributed in accordance with the Indenture.

Condemnation Proceeds. If all or any part of the Property shall be damaged, diminished in value or taken through condemnation or eminent domain proceedings, or if a consent settlement is entered or a transfer is made under threat of such proceedings, either temporarily or permanently, then any and all compensation, awards and other payments or relief therefor to which Trustor is entitled shall be deemed part of the Property and subject to the Lien lien of this Deed of Trust and all such proceeds shall be paid to the Trustor and distributed in accordance with the Indenture.