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201903152 3. An ACORD 28 (titled "Evidence of Commercial Property Insurance") for property insurance is acceptable (but see 4, below). 4. ON ALL CERTIFICATES, the Lender must be designated as "additional insured", "loss payee" and "mortgagee" and not "named insured". 5. The Lender requests that it also be provided a copy of the endorsements to the policies which establish the Lender as an additional insured. All property insurance policies maintained by Borrower pursuant to the foregoing provisions in this Exhibit shall: (i) provide that any losses payable thereunder shall (pursuant to a standard first mortgagee clause in favor of, and acceptable to, Lender, to be attached to each such policy) be payable to Lender and assigns; (ii) include effective waivers by the insurer of all claims for insurance premiums against Lender; (iii) provide that any losses shall be payable notwithstanding (a) any act of negligence by Borrower or Lender; (b) any foreclosure or other proceedings or notice of sale relating to the Land, (c) any waiver of subrogation rights by the insured, or (d) any change in the title to or ownership of any of the Land, and (iv) be written in amounts sufficient to prevent Borrower from becoming a co-insurer under said policies. All liability insurance policies maintained by Borrower pursuant to this Exhibit shall name Lender as an additional insured and shall waive contribution from any other insurance carried by Lender in the event of loss. Borrower shall cause the originals or certified copies of the policies of all such insurance to be deposited with Lender or to be otherwise held as directed by Lender. At least fifteen (15) days prior to the date on which the premiums on each such policy shall become due and payable, Borrower shall furnish Lender with proof satisfactory to Lender of payment thereof. Each of such policies shall contain an agreement by the insurer that the same shall not be amended, modified, canceled, reduced or terminated for any reason, including but not limited to a failure to pay premiums and/or expiration by its terms, without at least ten (10) days' prior written notice to Lender. If the Mortgage is foreclosed or otherwise sold, the purchaser at the foreclosure or other sale shall, after the expiration of any statutory period of redemption, become the sole and absolute owner of any and all such policies, with the sole right to collect and retain all unearned premiums thereon, and, for this purpose, Borrower hereby assigns and grants a security interest in said policies and unearned premiums to Lender, provided that, the provisions of this sentence shall not apply to coverage for occurrences and claims arising prior to the expiration of such statutory period of redemption, including but not limited to liability and loss of rents. 33