Laserfiche WebLink
7 <br />20150275' <br />(d) Beneficiary's consent to one sale, conveyance, alienation, mortgage, <br />encumbrance, assignment, pledge or transfer of the Mortgaged Property or any interest <br />in Grantor shall not be deemed to be a waiver of Beneficiary's right to require such <br />consent to any future occurrence of same. Any sale, conveyance, alienation, mortgage, <br />encumbrance, pledge, assignment or transfer of the Mortgaged Property or any interest <br />in Grantor made in contravention of this paragraph shall be null and void and of no force <br />and effect. <br />3.10 Insurance. Grantor shall maintain in full force and effect, until full payment of the <br />Indebtedness and full performance of the Obligations, the insurance policies and coverage <br />amounts set forth in the Loan Agreement. Beneficiary reserves the right, when it deems <br />reasonably necessary, to require additional physical damage hazard insurance such as, but not <br />limited to: (i) earthquake, including subsidence; (ii) collapse due to faulty construction and /or <br />error design and /or faulty workmanship; and (iii) contingent liability from the operation of any <br />building Laws pertaining to non - conforming property. Casualty and business interruption or <br />rental insurance policies shall name Beneficiary as mortgagee under Nebraska (or equivalent, in <br />other areas) long form noncontributory endorsement and evidenced by the delivery of the <br />original or certified copy of the policy (or insurance certificate) to Beneficiary. Liability insurance <br />shall be evidenced by a certificate of insurance issued to Beneficiary. All insurance required by <br />this Section shall be issued by responsible carriers reasonably acceptable to Beneficiary. <br />3.11 Notification of Adverse Changes. Grantor shall promptly notify Beneficiary of the <br />occurrence of any event or condition which, if not remedied, would result in a material adverse <br />change to the financial condition of Grantor or would materially and adversely affect the value of <br />the Mortgaged Property or any portion thereof. <br />3.12 Indemnification. GRANTOR AGREES TO INDEMNIFY, DEFEND AND HOLD <br />BENEFICIARY HARMLESS FOR, FROM AND AGAINST ANY AND ALL CLAIMS, CHARGES, <br />ACTIONS, SUITS, PROCEEDINGS, OBLIGATIONS, LIABILITIES, FINES, PENALTIES, <br />COSTS AND EXPENSES, INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS' <br />FEES INCURRED BY BENEFICIARY (COLLECTIVELY, "CLAIMS "), ALLEGED BY OR IN <br />FAVOR OF GRANTOR OR ANY OFFICER, DIRECTOR, EMPLOYEE, REPRESENTATIVE OR <br />AGENT THEREOF, OR BY OR IN FAVOR OF ANY BROKER, REALTOR, AGENT OR OTHER <br />PARTY CLAIMING BROKERAGE COMMISSIONS OR FINDER'S FEES IN CONNECTION <br />WITH THE LOAN (OTHER THAN FOR CLAIMS FOR COMMISSIONS OR FEES CLAIMED BY <br />PERSONS OR PARTIES EMPLOYED OR ENGAGED BY BENEFICIARY), OR IN <br />CONNECTION WITH MAKING OR COLLECTING THE LOAN OR ENFORCING THE LOAN <br />DOCUMENTS. GRANTOR SHALL FURTHER INDEMNIFY BENEFICIARY AND HOLD <br />BENEFICIARY HARMLESS FOR, FROM AND AGAINST ANY AND ALL CLAIMS (INCLUDING <br />ANY AND ALL TAXES AND SPECIAL ASSESSMENTS LEVIED AGAINST THE MORTGAGED <br />PROPERTY OR ANY IMPROVEMENTS, FIXTURES, OR PERSONAL PROPERTY LOCATED <br />THEREON), OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, <br />INCURRED BY, OR ASSERTED AGAINST BENEFICIARY, IN ANY WAY RELATING TO, OR <br />ARISING OUT OF, THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS <br />CONTEMPLATED THEREIN, OR THE CONSTRUCTION ON OR OPERATION OF THE <br />MORTGAGED PROPERTY (EXCEPT CLAIMS CAUSED BY THE GROSS NEGLIGENCE OR <br />WILLFUL MISCONDUCT OF BENEFICIARY), TO THE EXTENT THAT ANY SUCH CLAIMS <br />RESULT, DIRECTLY OR INDIRECTLY, FROM ANY ACTIONS COMMENCED BY OR ON <br />BEHALF OF ANY PERSON OTHER THAN BENEFICIARY. GRANTOR'S OBLIGATIONS <br />UNDER THIS SECTION SHALL CONTINUE AND REMAIN IN FULL FORCE AND EFFECT <br />AFTER THE INDEBTEDNESS AND OBLIGATIONS OF GRANTOR UNDER THIS DEED OF <br />