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20�2014�� (d) If Grantor is in default of its Lender Obligations to insure or deliver to Beneficiary any such prepaid policy or policies, then Beneficiary, at its option upon five (5) Business Days' written days notice to Grantor (unless, in Beneficiary's judgment, in its sole discretion, Beneficiary's security would be compromised by giving such notice), may effect such insurance from year to year, and pay the premium or premiums therefor, and Grantor shall pay to Beneficiary, within three (3) Business Days of demand, such premium or premiums so paid by Beneficiary with interest from the time of payment at the interest rate as set forth in the Credit Agreements. (e) If the Mortgaged Property, or any part thereof, shall be destroyed or damaged and the reasonably estimated cost thereof would exceed $100,000, Grantor sha11 give prompt notice thereof to Bene�ciary. All insurance proceeds paid or payable in connection with any damage or casualty to the Mortgaged Property shall be applied in the manner specified in the Credit Agreements. (� In the event of foreclosure of this Deed of Trust or other transfer of title to the Mortgaged Property, all right, title and interest of Grantor in and to any insurance policies then in force shall pass Beneficiary or its designee, or to the purchaser or grantee, as applicable. (g) The provisions of this section shall be deemed to supplement, and not conflict with, the terms and provisions of the Credit Agreements relating to insurance. 6. Restrictions; Negative Covenants. (a) Except as may be expressly provided for in the Credit Agreements and except for the lien of this Deed of Trust and the Permitted Liens, Grantor shall not further mortgage, nor otherwise encumber the Mortgaged Property or create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Deed of Trust and whether recourse or non- recourse. (b) Alterations. Grantor shall notify Beneficiary, in writing and in advance, with respect to all proposed alterations, improvements or additions to the Mortgaged Property which are of a material nature, and Grantor shall not effect any material alteration, improvement or addition to the Mortgaged Property exceeding $100,000 without the prior written consent of Beneficiary in each instance. Without limiting the de�nition of the phrase "material alteration, improvement or addition", any change affecting the structure or use of an Improvement, or materially restricting the access thereto, shall be deemed a "material alteration, improvement or addition". (c) Additional Ne�ative Covenants. All negative covenants made by Grantor in Article 9 of the NEC Credit Agreement are incorporated herein by reference and are hereby made by Grantor as to itself and the Mortgaged Property as though such negative covenants were set forth at length herein as the negative covenants of Grantor. 12187-5273/LEGAL 17750578.4 5/1/ 108