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200003380 conferred upon the Mortgagee under this Mortgage or the other Operative Agreements. Section 2.9 Mortgagor represents and warrants to the Mortgagee that Mortgagor has fee simple title and interest to the Collateral free of all encumbrances except for the interest and encumbrance provided for in the Existing Mortgages, which Existing Mortgages shall remain superior to this Mortgage, and except for the Permitted Leases, all of which are and shall be subordinate to this Mortgage, and except for covenants, easements and reservations set forth on Exhibit "C" attached hereto (all of such encumbrances are hereinafter collectively referred to as the "Permitted Liens "). Mortgagor hereby covenants and warrants that it will defend title to the Collateral against the claims of all persons, subject only to the Permitted Liens, and that Mortgagor has the power and authority to execute this Mortgage. H. Insurance. Section 2.10 Mortgagor shall observe, perform and comply )With all of the covenants, agreements, representations and warranties contained in Section 12.11 of the 2000 Note Purchase Agreement, which are incorporated into this Section 2.10 by reference as if fully set forth herein. Section 2.11 All policies required by Section 2.10 shall (i) be issued by companies duly qualified to do such business in the State of Nebraska, (ii) be subject to the approval of Mortgagee as to the insuring companies, amount, content and forms of policies and expiration dates, (iii) contain a Non - Contributory Standard Mortgagee Clause and the Lender's Loss Payable Endorsement (I.S.O. Form C.P. 1218), or their equivalents, in favor of Mortgagee, (iv) provide that the proceeds thereof shall be payable to Mortgagee (to the full extent of its interest), and (v) provide that it cannot be reduced as to coverage or cancelled without thirty (30) days prior written notice to Mortgagee. Section 2.12 Upon the delivery of this Mortgage, Mortgagor shall provide evidence that the insurance required under Section 2.10 is in effect in the form of a certificate or binder satisfactory to Mortgagee. Mortgagor shall, upon written request of Mortgagee, furnish to Mortgagee the original of each policy required under Section 2.10 and without request, at least thirty (30) days prior to expiration of any such policy, proof of issuance or commitment for the issuance of a policy continuing in force the coverage provided by the expiring policy in the form of a certificate or binder. In the event Mortgagor shall fail to maintain , the insurance coverage required by this Mortgage, Mortgagee may (but shall be under no obligation to) take out the required policies of insurance and pay the premiums on the same or may make such repairs or replacements as are necessary and provide for payment thereof; 2000 MORTGAGE (Grand Island, Nebraska) 11