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201400400 <br />(e) Borrower covenants and agrees to deliver to Lender such certifications or other <br />evidence from time to time throughout the term of this Security Instrument, as <br />reasonably requested by Lender in its sole discretion, that (i) Borrower is not a Plan or <br />a "governmental plan"; (ii) Borrower is not subject to state statutes regulating <br />investments or fiduciary obligations with respect to governmental plans; and (iii) one <br />or more of the following circumstances is true: <br />(1) Equity interests in Borrower are publicly offered securities, within the meaning of <br />29 C.F.R. §2510.3- 101(b)(2); <br />(2) Less than twenty -five percent (25 %) of the value of each class of equity interests <br />in such Borrower are held by "benefit plan investors" within the meaning of 29 <br />C.F.R. §2510.3 -101 and Section 3(42) of ERISA; or <br />(3) Borrower qualifies as an "operating company" or a "real estate operating <br />company" within the meaning of 29 C.F.R. §2510.3- 101(c) or (e). <br />(f) <br />(g) <br />(h) <br />Any of the following shall constitute an Event of Default under this Security <br />Instrument, entitling Lender to exercise any and all remedies to which it may be <br />entitled under this Security Instrument or any of the other Loan Documents: (i) the <br />failure of any representation or warranty made by Borrower under this paragraph to be <br />true and correct in all respects, (ii) the failure of Borrower to provide Lender with the <br />written certifications and evidence referred to in this paragraph, or (iii) the <br />consummation by Borrower of a transaction which would cause this Security <br />Instrument or any exercise of Lender's rights under this Security Instrument or the <br />other Loan Documents to constitute a non - exempt prohibited transaction under ERISA <br />or a violation of a state statute regulating governmental plans, or otherwise subjecting <br />Lender to liability for violation of ERISA or such state statute. <br />Borrower has never had any employees, has never maintained or participated in any <br />Plan, and has never participated in or had any obligation to contribute to any <br />multiemployer plan as defined in Section 3(37) of ERISA, and will not, so long as the <br />Note is outstanding, maintain or participate in any Plan or participate in or have any <br />obligation to contribute to an multiemployer plan. <br />Borrower shall indemnify Lender and defend and hold Lender and any and all its <br />successors and assigns hereunder harmless for, from and against all civil penalties, <br />excise taxes, or other loss, cost, damage and expense (including, without limitation, <br />reasonable attorneys' fees and disbursements and costs incurred in the investigation, <br />defense and settlement of claims and losses incurred in correcting any prohibited <br />transaction or in the sale of a prohibited loan, and in obtaining any individual <br />prohibited transaction exemption under ERISA that may be required, in Lender's sole <br />discretion) that Lender and any and all of its successors and assigns hereunder may <br />incur, directly or indirectly, as a result of a default under this paragraph. Subject to the <br />provisions of paragraph 9(e) hereof, this indemnity shall survive any termination, • <br />satisfaction or foreclosure of this Security Instrument. <br />