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(f) (g) 2014 400 require a shorter time period), and (vi) shall be reasonably satisfactory in form and substance to Lender and shall be reasonably approved by Lender as to amounts, form, risk coverage, deductibles, loss payees and insureds. Not later than ten (10) days prior to the expiration date of each of the Policies, Borrower shall deliver to Lender satisfactory evidence of the renewal of each Policy. (d) Notwithstanding any provision herein to the contrary, Borrower shall be deemed to be in compliance with all insurance requirements hereunder if Lessee is in compliance with the provisions of the Lease regarding insurance requirements (including the self - insurance provisions of the Lease). (e) If the Mortgaged Property shall be damaged or destroyed, in whole or in part, by fire or other casualty, Borrower shall give, or cause to be given, prompt notice thereof to Lender. Except as otherwise provided in the Lease, Borrower shall not settle or adjust or permit the settlement or adjustment of any insurance claim without Lender's prior written consent. All insurance proceeds required to be applied to restoration and repair of the Mortgaged Property under the Lease shall be held and disbursed in accordance with the provisions of the Lease for such restoration and repair subject to compliance with the following conditions: (i) no Disqualifying Default (as defined in the Lease) or Lease Default (as defined in paragraph 21(p) hereof), then exists (ii) Borrower or Lessee, as the case may be, proceeds promptly after the insurance claims are settled with the restoration or repair; and (iii) the restoration or repair is performed in compliance with the Lease and all applicable laws, rules and regulations. The Net Award (hereinafter defined) shall be paid to Lessee, subject to the terms of the Lease; provided that if a Disqualifying Default or Lease Default then exists, the Net Award will be paid to Lender and shall be applied by Lender toward payment of the Debt and such application shall not be subject to Prepayment Consideration or other prepayment consideration. Borrower acknowledges Lender's right to obtain (either itself or by its agents, servicers, nominees or attorneys) at the expense of Borrower any insurance required hereunder should Borrower fail to (or fail to cause Lessee to) do so as required hereunder. Notwithstanding anything to the contrary contained in this paragraph 3, if a Termination Casualty (as defined in the Lease) shall affect the Mortgaged Property as provided in Part II, Section 13(d) of the Lease, and Lessee properly and timely delivers a Casualty Termination Notice (as defined in the Lease) to Borrower and Lender, and makes payment of the Casualty Termination Payment (as defined in the Lease) as required by Part II, Section 13(d) of the Lease, then the Casualty Termination Payment shall be used to prepay the Debt in full (but without Prepayment Consideration or other prepayment consideration), in immediately available funds in accordance with the terms of the Note. (h) The term "Net Award" as used in this Security Instrument shall mean all insurance proceeds and condemnation awards, as applicable, net of any reasonable expenses of Lender, Borrower and Lessee in collecting such amounts, which are not required to be disbursed for repair and restoration of the Mortgaged Property pursuant to the provisions of the Lease, other than any portion payable to Lessee under Sections 9(a), 13(c), 13(e)(ix), 14(a), 14(c), 14(d) and 14(e) of Part II of the Lease.