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20000355'7 "Loss Due to Operation of Law" (with a minimum liability limit equal to Replacement Cost With Agreed Value Endorsement), "Demolition Cost" and "Increased Cost of Construction" coverages. All Policies shall (i) contain a provision that such Policies shall not be canceled or terminated, nor shall they expire, without at least thirty (30) days prior written notice to Lender in each instance; and (ii) include effective waivers by the insurer of all claims for Insurance Premiums against any mortgagee, loss payee or additional insured (other than Borrower). Certificates of insurance with respect to all renewal and replacement Policies shall be delivered to Lender not less than thirty (30) days prior to the expiration date of any of the Policies required to be maintained hereunder, which certificates shall bear notations evidencing payment of applicable premiums ( "Insurance Premiums "). Originals or certificates of such replacement Policies shall be delivered to Lender promptly after Borrower's receipt thereof but in any case within thirty (30) days after the effective date thereof. If Borrower fails to maintain and deliver to Lender the original Policies or certificates of insurance required by this Security Instrument, upon ten (10) days prior notice to Borrower, Lender may procure such insurance at Borrower's sole cost and expense. (c) The insurance coverage required under Section 3.6(a) may be effected under a blanket policy or policies covering the Property and other properties and assets not constituting a part of the security hereunder; provided that any such blanket policy shall specify, except in the case of public liability insurance, the portion of the total coverage of such policy that is allocated to the Property, and any sublimit in such blanket policy applicable to the Property and shall, in any case, comply in all other respects with the requirements of this Section 3.6. (d) The insurance coverage required under Subsection 3.6(a)(ii) may be satisfied by a layering of Comprehensive General Liability, Umbrella and Excess Liability Policies, but in no event will the Comprehensive General Liability policy be written for an amount less than $1,000,000 per occurrence /$2,000,000 aggregate for bodily injury and property damage liability. (e) Approval of any insurance by Lender shall not be a representation concerning the solvency of any insurer or the sufficiency of any amount of insurance. Lender shall not be responsible for nor incur any liability for the insolvency of the insurer or other failure of the insurer to perform, even though Lender may have caused the insurance to be placed with the insurer after failure of Borrower to furnish such insurance. (f) Borrower shall not obtain insurance for the Property in addition to that required by Lender without the prior written consent of Lender, which consent will not be unreasonably withheld provided that (i) Lender is named insured on such insurance, (ii) Lender receives complete copies of all policies evidencing such insurance, and (iii) such insurance complies with all of the applicable requirements setforth herein. (g) Borrower shall comply with all insurance requirements and shall not bring or keep or permit to be brought or kept any article upon any part of the Property or cause or permit any condition to exist thereon which would be prohibited by an insurance requirement or which would invalidate the insurance coverage required hereunder to be maintained by Borrower. Section 3.7 Condemnation. Borrower shall promptly give Lender notice of the actual or threatened commencement of any condemnation or eminent domain proceeding and shall deliver to Lender copies of any and all papers served in connection with such proceedings. Lender may participate in any such proceedings to the extent permitted bylaw. Upon an Event of Default, Borrower shall deliver to Lender all instruments requested by it to permit such participation. Borrower shall, at its expense, diligently prosecute any such proceedings and shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying -on or defense of any such proceedings. Borrower shall not make any agreement in lieu of condemnation of the Property or any portion thereof without the prior written consent of Lender in each instance, which consent shall not be unreasonably withheld or delayed in the case of a taking of an insubstantial portion of the Property. Notwithstanding any taking by any public or quasi - public authority ATLANTA4181845.4 GMACCM (SLIP) — DOT (8/98) 9 Grand Isle, Nebraska