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201201420
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3/19/2012 3:47:25 PM
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2/27/2012 8:45:38 AM
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DEEDS
Inst Number
201201420
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�����1��� <br />(whether or not interest sha11 accrue on the unpaid balance of such Imposition), Grantor may <br />elect to pay such Imposition in such installments and shall be responsible for the payment of <br />such installments with interest, if any. <br />(b) Nothing herein shall affect any right or remedy of Beneficiary under <br />this Deed of Trust or otherwise, without notice or demand to Grantor, to pay any installment <br />of any Imposition after the date such installment of any Imposition shall have become due, <br />and add to the Lender Obligations the amount so paid, together with interest from the time of <br />payment at the interest rate as set forth in the Credit Agreements. Any sums paid by <br />Beneficiary in discharge of any Impositions sha11 be (i) a lien on the Mortgaged Property <br />secured hereby prior to any right or title to, interest in, or claim upon the Mortgaged Property <br />subordinate to the lien of this Deed of Trust, and (ii) payable within five (5) Business Days of <br />demand by Grantor to Beneficiary together with interest at the interest rate as set forth in the <br />Credit Agreements. <br />(c) As of the date hereof, Grantor represents and warrants that Grantor <br />(i) has filed all federal, state, commonwealth, county, municipal and city income and other <br />material t� returns required to have been filed by it and has paid all t�es and other <br />impositions which have become due or pursuant to any assessments or charges received by it, <br />(ii) does not know of any basis for any additional assessment or charge in respect of any such <br />taxes or other Impositions, and (iii) has paid in full a11 sums owing or claimed for labor, <br />material, supplies, personal property (whether or not forming an Improvement hereunder) <br />and services of every kind and character used, furnished or installed in or on the Mortgaged <br />Property that are now due and owing and no claim for same exists or will be permitted to be <br />created, except such claims as may arise in the ordinary course of business and that are not <br />yet past due. <br />5. Insurance. <br />(a) Grantor shall maintain insurance covering the Real Estate as required <br />by the Credit Agreements. <br />(b) If any portion of the Premises is located in an area identified as a <br />special flood hazard area by the Federal Emergency Management Agency or other applicable <br />agency, Grantor shall maintain or cause to be maintained, flood insurance in an amount <br />reasonably satisfactory to Beneficiary, but in no event less than the maximum limit of <br />coverage available under the National Flood Insurance Act of 1968, as amended. <br />(c) Grantor shall promptly comply with and conform in a11 material <br />respects to (i) all provisions of each such insurance policy, and (ii) all requirements of the <br />insurers applicable to Grantor or to any of the Mortgaged Property or to the use, manner of <br />use, occupancy, possession, operation, maintenance, alteration or repair of any of the <br />Mortgaged Property. Grantor sha11 not use or permit the use of the Mortgaged Property in <br />any manner, which would permit any insurer to cancel any insurance policy or void coverage <br />required to be maintained by Grantor under this Deed of Trust. <br />l 2187-5273/LEGAL 17750578.4 <br />5/1/ 107 <br />
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