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��14��135 insurance to be payable to the Secured Party as its �nterests may appear. Th� Master Tenant wi�l purchase and maintain, or caused to be purchased and ma�r�tained, at all t�mes liability insurance and business interruption �nsurance in such amounts and issued by such c�mpanies as rnay be requ�red from time to time by the Secured Party. All policies of insurance wil� provide for thirty �3�} days advance written notice to the Secured Party of�anc�l�ation or any materiai chan�e in coverages af such insurance. The Mast�r Tenant wil� furnish, or cause to be furnished t�, the Secured Party with certifi�ates or other evidence satisfa�tory to the Secured Party af complianc� with the foregoing insurance pro�isions. S. DIS�HAR�E �F LIENS. At its option but with�ut any obligation to do so, the S�cured Party may �a} discharge any taxes or �ther Liens at any time 1��d or placed on the �ollateral, (b} pay for insurance on the Collateral, andlor tc� pay for the mair�tenance and preser�ati�n of the �ollatera�. The Master Tenant will reimburse the Secured Party ❑n its demand for any payment made, or any expens� incurred, by the Secured Par�y pursuant to this Section S. A11 of the foregoing sums paid or ad�anced by the Secured Party vvill constitute part of the �b�igatian� and will be secured by the Collateral. 9. EVENTS �F DEFAULT. Each of the fallow�ng events or circumstances, whether �r not caused by ar vvithin the cantr�l of the Master Tenant, shall constitute an "E�ent af Default"under this Agreernent: �a} Any of th� �bligatians are not paid when due, subject tv any grace or cur� per�od pr��ided under the document setting forth the part�cular o�ligation; . (b) Any terms or CQriC�1t14I75 of the Master Lease Documents or Laan Documents are not obser�ed, p�rformed or compiied with �exclusi�e �f this Agreement which is c��ered by the other su�sections of this Section 9}, subject to any applica�le grace or cure periad in such dacument; pro�ided howe�er, defaults or breaches of th� Barrower's Regulatary Agreement, the �perator's Regu�atory Agreement, �r the Master Tenant's R�gulat�ry Agreement may only be treated as defaults under this Agreement with HUD's consent3 �c} The Master Tenant does not observe, perform ar compty with any of the oth�r terms or conditions of this Agreement not co�ered �y other subsections �f this Section 9 and not also a default under any of the other Loan Documents, thirty calendar days after notice is gi�en hy S�cured Party to Master Tenant of such default in accordance with the notice provisians set forth bel�w in this Agreement, if such default is not cured within such thirty day periad; �d� Ar�y warranty, representati�n or statement made or furnished t� the Secured Party byy or on behalf of, the Master Tenant prov�s tn ha�e been fa�se in any materiai respect when made or furnished ar when treated as being made or furnished to t�e Secured Party; (e} The Secured Party does not ha�e, for any reason, a perfected, first priarity s�curity interest in ail of the Collateral; (� There occurs any actuai or threatened demotitinn of or injury ar Waste �as that t�rm is d�fined �n the Security Instrument} ta the Project, not co�ered by insurance, or Secured party d�es r�ot timely or cause to be replaced or restor�d by the Master Tenant, �perator Previvus�ersivns obsolete Page 11 vf 2� fvrm HUD-9234D-�R�F�Rev.�3!'13}