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201305319 character shall be a demand obligation (which obligation Mortgagor hereby expressly promises to pay) owing by Mortgagor to Administrative Agent or Trustee (as the case may be) and shall bear interest from the date expended until paid at the rate set forth in Section 2.9(c) of the Credit Agreement, and the party incurring such expenses shall be subrogated to all rights of the person receiving such payment. (i) Insurance. Mortgagor will carry insurance as provided in the Credit Agreement. All policies evidencing such insurance shall contain clauses providing that the proceeds thereof shall be payable to Administrative Agent as its interest may appear and providing that such policies may not be canceled or reduced or otherwise affected in any materially adverse way without at least thirty (30) days' prior written notice to Administrative Agent; provided that, notwithstanding any such loss payee or mortgagee designation, so long as no Default exists, any payments under such insurance shall be made solely to the Mortgagor for application as required and permitted by Section 2.6 of the Credit Agreement. Upon request by Administrative Agent, Mortgagor shall deliver to Administrative Agent the original policies, evidence of payment of premiums, certificates evidencing renewals, and such other information regarding such insurance as Administrative Agent may reasonably request. In the event of any loss under any insurance policies so carried by Mortgagor, Administrative Agent shall, after it has determined in its sole judgment that Mortgagor has failed to commence or diligently pursue efforts to collect the same, have the right (but not the obligation) to make proof of loss and collect the same, and all amounts so received shall be applied toward costs, charges and expenses (including reasonable attorneys' fees), if any, incurred in the collection thereof, then to the order of Mortgagor for use for repairs and replacement of any loss, unless a Default is then continuing and in which case, then shall be applied to matured secured indebtedness as prescribed by the Credit Agreement, and any excess proceeds shall be paid to the order of Mortgagor for use for repairs and replacement of any loss. In the preceding instances and during the continuance of a Default, Administrative Agent is hereby authorized but not obligated to enforce in its name or in the name of Mortgagor payment of any or all of said policies or settle or compromise any claim in respect thereof, and to collect and make receipts for the proceeds thereof and, in and during such events, Administrative Agent is hereby appointed Mortgagor's agent and attorney -in -fact to endorse any check or draft payable to Mortgagor in order to collect the proceeds of insurance. In the event of foreclosure of this Mortgage, or other transfer of title to the Property in extinguishment in whole or in part of the secured indebtedness, all right, title and interest of Mortgagor in and to such policies then in force concerning the Property and all proceeds payable thereunder shall thereupon vest in the purchaser at such foreclosure or other transferee in the event of such other transfer of title. Pursuant to Mo. Rev. Stat. § 427.120, Mortgagor acknowledges receipt of the following notice: "Unless you [Mortgagor] provide evidence of the insurance coverage required by your agreement with us [Secured Parties], we may purchase insurance at your expense to protect our interests in your collateral. This insurance may, but need not, protect your interests. The coverage that we purchase may not pay any claim that you make or any claim that is made against you in connection with the collateral. You may later cancel any insurance purchased by us, but only after providing evidence that you have obtained insurance as required by our agreement. If we purchase insurance for the collateral, you will be responsible for the costs of that insurance, including the insurance premium, interest and any other charges we may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to your total outstanding 23