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<br /> ' simil.arl.y alassified borzowers shall` be deemed a charge upon the �iortgaged , �,
<br /> � Progcrry in the seme ma�cuter as the Notes at the time outstanding are secured
<br /> 'and shall be forthwith paid ro i�iortgagee making such advance or advances� ugon
<br /> demand: pravided. howeve�, that such iaterest xate shall nat be in excess of
<br /> � the ra�e permitted by lav. It shall not be obligatory for Mortgagee in mak�ug� .
<br /> any such advances or expenditures to inquire into the valfdity 'af a� sc�;.��:z.ax - ,
<br /> - title, or.o€ any of such tauces or assi�ss�ents nr sa2es ttierefor. ot Q£:a�y_ ::. . '..,
<br /> such mechanics' liens or other encumbrance. . • . "�_:.�;�
<br /> � � SECTION 3.Q9. Limitatfons on Contracts�Dep.,o�.ts.of Funds: ;,: . . � • �
<br /> `';� The Martgagot �rill not, without the approval ia writfng of.the Mortgage�:.:.;;�::(.�).
<br /> . , ` enter��.into any, ccsatract or contracts Ei) for snar..age�ent of its busi�ess a� anq � �.:;::: _
<br /> . '- . . �:� �sar�=��;.eaf;� '�i.£��€ar *_h�.og�tatian or_mainteaax�„ce of all or any subst�atia� ' -
<br /> � • � part of its progertpx ..�iii� for the use by others..qf any'of th,e Morigaged `. . , . ` . ,.� _
<br /> ' . ` , Prepezty in excess of $I00.000; or (iv) with other con�p�es; .�rQvided. � . � ��� .
<br /> � ow , that such approvsl shall �not be requised for an� contract which in ` �
<br /> " ' form and substance con£orms witih contracts in general use in the Mortgagor's
<br /> - iadustry by campanfes of size a4i� cha�a.^."ter similar to;,or (b) deposit_any of , . _ � . � `
<br /> its funds. regardless of the souz�e r�e��of, in any bank whicb is,not insurec� - : � '•
<br /> by the Fed�ral Deposit Insurance Corporation or Federal Savings and Loan
<br /> Insuxance Corp.oration or the s��cessor thereof.
<br /> SECTION 3.10. Financisl Books• Finaac�al i2eports: I�ortEa��e � �� �
<br /> . Right of Inseection: i'f-�e Mortgagor vila at all times ke�p, and safely " � � :
<br /> : . preserve� praper baoks, records and acccunts in which fu�il and tru� eat:ies °` �_•
<br /> � will be made of all of the dealings, business and affairs of th� '!�stgagor. in �� '�
<br /> � accordaace with methods of accounting prescribed by the state reg�slatory body � `
<br /> having jurisdiction ove� the Mortgagor� or in the absence of such regulatory � �, "
<br /> body or such prescription, by the Federal Communications Commission ("FCC"). �- -
<br /> ; The MoYtgagor will prepare and furnisb Mortgagee not later than 60 days from � :-
<br /> � , the six•month period ending Juae 30 and the twelve month peried en�ing � � ;_
<br /> � � December 31, or at more ftequent interrals when specified by the Mortgagee, .
<br /> financial and statistical reparts on i�s a:�d any subsi�iaries' and the RSA- ` =_
<br /> ` ' CPs' co�dition and operation. �The Decem�er year•end reparts shall include , ' �
<br /> individual finaricial statements.for the Mortgagor and coasolidated and � ;..
<br /> consolidating f�nancial statements for tha Mortgagor and each of its t. ,
<br /> Subsidiaries aad each respective R5A-CP. in such detail as the Mortgagee :r.ay . �,:1
<br /> � prescribe. The Mort��ger will cause to be pregared and furnished to,Mortg��ee � ► '.
<br /> � at least once du�Cing eaeh 12-month perfod during tl�e tarm hereof. a full and '�' `�
<br /> � complete report of its and its sabsidiaries' f3sancial condition as of�a date ,;,�;�
<br /> � 1 (hereinafter called ttte "Fiscal Date") not more thaa es�e huadsed twe�nty days . ;� �
<br /> � . � (12d) after the close mf the fiscal year, in form and sa�s�ance satisfactory . • ,
<br /> . to the Mortgagee,•audited end certified by independent certified public � �.
<br /> accountants satisfactory to Mostgagee and accompanied by � repor� of such �
<br /> ' a�idit in fosra and substance satis£aetory to the .Mortgagee. ,The Mflrtgagee.
<br /> �hrough its representatives, shall at all times duYing<reasonable busir.ess �
<br /> , ,�- - - -- �-- -- � hours have.-access-to. .aa�d .the_ri$Ht.to_inspecz:.and_make_copies...of..._any .or_ all ��
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<br /> beoks, r��ar�s and accaunts� and any or all invoices� contracts, leases, ,
<br /> . payrolls, c4rcelled checks. st�tements and other documents and papers of every
<br /> kfnd belongy�eg to or in possession of the Martgagor and its subsidiaries and ' "
<br /> pertainir►g to the �Eortgagor's and its subsidiari��' "property or business.
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