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200003557 completed in accordance with applicable laws. Each request for disbursement shall include copies of invoices for all items or materials purchased and all contracted labor or services provided and each request shall include evidence satisfactory to Lender of payment of all such amounts. Except as provided in Section 3(d), each request for disbursement from the Required Repair Reserve shall be made only after completion of the Required Repair for which disbursement is requested. Borrower shall provide Lender evidence of completion satisfactory to Lender in its reasonable judgment. (c) Disbursement Conditions. Borrower shall pay all invoices in connection with the Required Repairs with respect to which a disbursement is requested prior to submitting such request for disbursement from the Required Repair Reserve. In addition, as a condition to any disbursement, Lender may require Borrower to obtain lien waivers from each contractor, supplier, materialman, mechanic or subcontractor who receives payment in an amount equal to or greater than $10,000 for completion of its work or delivery of its materials. Any lien waiver delivered hereunder shall conform to the requirements of applicable law and shall cover all work performed and materials supplied (including equipment and fixtures) for the Property by that contractor, supplier, subcontractor, mechanic or materialman through the date covered by the current reimbursement request. (d) Partial Completion. If (i) the time required to complete a Required Repair exceeds one month, (ii) the contractor performing such Required Repair requires periodic payments pursuant to the terms of a written contract, (iii) Lender has approved in writing in advance such periodic payments, and (iv) the cost of the portion of the work completed under such contract exceeds $10,000, a request for reimbursement from the Required Repair Reserve may be made after completion of a portion of the work under such contract, provided (A) such contract requires payment upon completion of such portion of the work, (B) the materials for which the request is made are on site at the Property and are properly secured or have been installed in the Property, (C) all other conditions in this Agreement for disbursement have been satisfied, (D) funds remaining in the Required Repair Reserve are, in Lender's judgment, sufficient to complete such Required Repair and other Required Repairs when required, and (E) each contractor or subcontractor receiving payments under such contract shall provide a waiver of lien with respect to amounts which have been paid to that contractor or subcontractor. (e) Number of Requests. Except as provided in Section 3(d), Borrower shall not make a request for disbursement from the Required Repair Reserve more frequently than once in any calendar quarter. (f) Final Disbursement. Lender shall disburse to Borrower all amounts remaining in the Required Repair Reserve (less all amounts which may have been applied by Lender as permitted by this Agreement) upon Borrower's completion of all Required Repairs to the satisfaction of Lender on or before the expiration of the Completion Period (hereinafter defined), provided that (i) there is no default under the Note, this Security Instrument or any of the Other Loan Documents which has not been cured to Lender's satisfaction, (ii) Lender has received evidence required by Section 4(g) below that there are no mechanic's or materialman's liens, and (iii) Lender has received all cost and architectural information required by Lender. Section 4. Performance of Required Repairs. (a) Agreement to Complete: Workmanlike Completion. Borrower shall commence the Required Repairs immediately following the execution of this Agreement (or as soon thereafter as weather reasonably shall permit) and shall at all times thereafter diligently pursue the completion of all Required Repairs in a good and workmanlike manner as soon as practicable following the commencement of making each such Required Repair. Borrower shall complete all Required ATLANTA4181845.4 GMACCM (SLP) - DOT (8/98) B - 2 Grand Isle, Nebraska