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SUBJECT to the covenants and conditions hereinafter set forth. <br />201508663 <br />and to the Mortgaged Property, or any part thereof, and any and all other property of every kind <br />and nature from time to time hereafter (by delivery or by writing of any kind) conveyed, pledged, <br />assigned or transferred as and for additional security hereunder by the Borrower or by anyone on <br />behalf of the Borrower to the Trustee on behalf of the Lender; <br />TO HAVE AND TO HOLD the Mortgaged Property, and all the estate, right, title and <br />interest, in law and in equity, of Borrower in and to the Property unto the Trustee for the benefit <br />of the Lender, its successors and assigns, forever in trust, for the uses and purposes hereinafter <br />set forth, possession of the Mortgaged Property being hereby granted and conveyed to the <br />Trustee; subject, however, to (i) those Permitted Exceptions and encumbrances which the Lender <br />has approved in the Loan Agreement or otherwise approved in writing, (ii) the liens and security <br />interests evidenced by this Mortgage, (iii) statutory liens for real estate taxes and assessments on <br />the Property which are not yet delinquent, (iv) other liens and security interests (if any) in favor <br />of Lender, (v) the grant of utility or access easements to public or private utilities or <br />governmental authorities, and (vi) the grant in the ordinary course of business of a leasehold <br />interest in a part of the property to a tenant for occupancy, not containing a right or option to <br />purchase and not in contravention of any Loan Document (collectively, (the "Permitted <br />Encumbrances "); <br />UPON CONDITION that, subject to the terms hereof and until the occurrence of an <br />Event of Default hereunder, the Borrower shall be permitted to possess and use the Mortgaged <br />Property; <br />PROVIDED, NEVERTHELESS, that if (i) the Borrower shall pay and perform in full <br />when due the Debt and shall duly and timely perform and observe all of the covenants and <br />conditions herein and in the other Loan Documents required to be performed and observed by <br />the Borrower, and (ii) the Lender shall have no further obligation to make any further <br />disbursements of the Loan to or for the benefit of Borrower under the provisions of the Loan <br />Agreement, then the Trustee or Lender shall execute and deliver to the Borrower such <br />instruments as may be reasonably requested by the Borrower which are sufficient to release this <br />Mortgage. <br />51668048.5 <br />THE BORROWER FURTHER COVENANTS AND AGREES AS FOLLOWS: <br />1. Representations of Borrower. Borrower hereby represents and warrants to the <br />Trustee and Lender as follows: <br />(a) Borrower (i) is a limited liability company duly formed and validly <br />existing under the laws of the State of Missouri and has complied with all conditions <br />prerequisite to its doing business in the State of Missouri and the State of Nebraska; (ii) <br />has the power and authority to own its property and to carry on its business as now being <br />conducted; (iii) is qualified to do business in every jurisdiction in which the nature of its <br />business or its property makes such qualification necessary; and (iv) is in compliance <br />with all laws, regulations, ordinances and orders of public authorities applicable to it. <br />5 <br />