Laserfiche WebLink
200103933 <br />(2) reimburse Indemnitees for any expenses paid or incurred in connection <br />with any matters against which Indemnitees are entitled to be indemnified <br />under this Section 18; and <br />(3) reimburse Indemnitees for any and all expenses, including fees and <br />out -of- pocket expenses of attorneys and expert witnesses, paid or incurred <br />in connection with the enforcement by Indemnitees of their rights under <br />this Section 18, or in monitoring and participating in any legal or <br />administrative proceeding. <br />(o) In any circumstances in which the indemnity under this Section 18 applies, <br />Lender may employ its own legal counsel and consultants to prosecute, defend or negotiate any <br />claim or legal or administrative proceeding and Lender, with the prior written consent of <br />Borrower (which shall not be unreasonably withheld, delayed or conditioned), may settle or <br />compromise any action or legal or administrative, proceeding. Borrower shall reimburse Lender <br />upon demand for all costs and expenses incurred by Lender, including all costs of settlements <br />entered into in good faith, and the fees and out -of- pocket expenses of such attorneys and <br />consultants. <br />(p) The provisions of this Section 18 shall be in addition to any and all other <br />obligations and liabilities that Borrower may have under applicable law or under other Loan <br />Documents, and each Indemnitee shall be entitled to indemnification under this Section 18 <br />without regard to whether Lender or that Indemnitee has exercised any rights against the <br />Mortgaged Property or any other security, pursued any rights against any guarantor, or pursued <br />any other rights available under the Loan Documents or applicable law. If Borrower consists of <br />more than one person or entity, the obligation of those persons or entities to indemnify the <br />Indemnitees under this Section 18 shall be joint and several. The obligation of Borrower to <br />indemnify the Indemnitees under this Section 18 shall survive any repayment or discharge of the <br />Indebtedness, any foreclosure proceeding, any foreclosure sale, any delivery of any deed in lieu <br />of foreclosure, and any release of record of the lien of this Instrument. <br />19. PROPERTY AND LIABILITY INSURANCE. <br />(a) Borrower shall keep the Improvements insured at all times against such hazards as <br />Lender may from time to time require, which insurance shall include but not be limited to <br />coverage against loss by fire and allied perils, general boiler and machinery coverage, and <br />business income coverage. Lender's insurance requirements may change from time to time <br />throughout the term of the Indebtedness. If Lender so requires, such insurance shall also include <br />sinkhole insurance, mine subsidence insurance, earthquake insurance, and, if the Mortgaged <br />Property does not conform to applicable zoning or land use laws, building ordinance or law <br />coverage. If any of the Improvements is located in an area identified by the Federal Emergency <br />Management Agency (or any successor to that agency) as an area having special flood hazards, <br />and if flood insurance is available in that area, Borrower shall insure such Improvements against <br />loss by flood. <br />(b) All premiums on insurance policies required under Section 19(a) shall be paid in <br />the manner provided in Section 7, unless Lender has designated in writing another method of <br />01- 327514.1 <br />FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 4/98 Page 21 <br />NEBRASKA <br />