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6. Impositions. Subject to the Loan Agreement, Borrower shall pay when due (and in all events prior to delinquency) all taxes, assessments, fines and impositions levied against or on account of the Property (collectively, the "Impositions "). After the occurrence and continuance of an Event of Default, Borrower shall pay to Lenders on each monthly payment date under the Notes, until the Notes is paid in full, a sum (herein "Funds ") equal to one - twelfth of the Impositions, and ground rents on the Premises, if any, plus one - twelfth of yearly premium installments for the insurance required to be maintained pursuant hereto, all as reasonably estimated initially and from time to time by Lenders on the basis of assessments and bills or other reasonable estimates thereof. The Funds shall be held by Lenders and commingled with Lenders' other funds and, further, Lenders shall not be liable to Borrower for interest on such Funds. Lenders shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If at any point during the term hereof, the amount of the Funds held by Lenders shall exceed the amount required to pay the taxes, assessments, insurance premiums and ground rents as they fall due during the next consecutive twelve -month period, such excess shall be credited to Borrower on future monthly payments of Funds. If the amount of the Funds held by Lenders shall not be sufficient to pay taxes, assessments, insurance premiums, and ground rents as they fall due during the next consecutive twelve -month period, Borrower shall pay to Lenders any amount necessary to make up the deficiency within thirty (30) days from the date notice is mailed by Lenders to Borrower requesting payment thereof. Upon payment in full of all sums secured by this Deed of Trust, Lenders shall promptly refund to Borrower any Funds held by Lenders. If under Paragraph 18 herein the Property is sold or the Property is otherwise acquired by Lenders, Lenders shall apply, no later than immediately prior to 892675/5/COLUMBUS 085439.00076 7 201310005 iv) Borrower shall comply, and shall require all tenants and other occupants of the Premises and/or Improvements to comply, in all respects with all Applicable Environmental Laws, and will not use, generate, store, handle, process, dispose of, release, or threaten to release, any hazardous substance or hazardous material or otherwise lead to the imposition of any lien or liability of any nature whatsoever under any Applicable Environmental Law; and v) Borrower shall notify Lenders promptly and in writing in the event of any violation of any provision of this paragraph, and will provide to Lenders copies of all notices and correspondence from any third party or governmental authority relating to the environmental condition of the Premises or Improvements or any liability or alleged liability of Borrower or Lenders relating thereto, or any violation or alleged violation of any Applicable Environmental Laws; vi) Borrower will promptly pay, when due, all fines, claims, awards or other charges imposed against Borrower or the Premises or Improvements under any Applicable Environmental Law. c. Waiver. Borrower hereby releases and waives any present or future claims against each Lender for indemnity or contribution in the event Borrower should incur any liability related to hazardous waste, hazardous substances, or Applicable Environmental Laws other than claims arising out of such Lender's gross negligence or willful misconduct.