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days after Owner's receipt of the exercise of the option by Developer. In the event Developer exercises either of its options under subparagraphs (b) or (c) of this Section 6, the price for such repurchase (the "Repurchase Price") shall be determined in the following manner: (i) within five (5) days of Developer's exercise of its option, Owner and Developer each shall promptly designate an appraiser to determine the fair market value of the Owner Property and improvements; and (ii) within ten (10) days after each appraiser is designated, the appraisers shall each determine the fair market value of the Owner Property and improvements and the average of the two appraisals shall be the Repurchase Price; provided, however, if the appraisals are more than $100,000.00 apart, then the two appraisers shall, within an additional five (5) days, select a third appraiser and the average of the three appraisals shall establish the Repurchase Price. If either party fails to designate an appraiser within ten (10) days after the Developer's exercise of its option, the decision of the other party's appraiser shall be binding upon both parties. Any appraiser designed by the parties, or appointed by the appraisers designated by the parties, shall be an independent licensed M.A.I. real estate appraiser doing business in the State of Nebraska. The decision of the appraisers shall be final and binding upon all parties. Notwithstanding the foregoing, upon the determination of the Repurchase Price by the appraisers, Developer shall have the right to nullify its election to purchase the Owner Property. Owner covenants to cooperate with Developer and execute any and all documents necessary to effectuate the foregoing. Closing on the repurchase shall be within sixty (60) days of the final determination of the Repurchase Price less any insurance and/or condemnation proceeds received by Owner, at which time, Developer shall deliver to Owner the Repurchase Price, and Owner shall convey to Developer fee simple title to the Owner Property, free and clear of any liens and encumbrances. Notwithstanding the foregoing, if the restoration of the IHOP Restaurant is substantially complete by the end of the twelve (12) month period described above, Owner shall have a commercially reasonable time (not to exceed ninety (90) days) to complete such construction so long as Owner diligently pursues the same. Developer shall not exercise its repurchase option during such extended time period or thereafter, so long as the restoration is completed by the end of such extended time period. 7. MAINTENANCE OF OWNER PROPERTY. (a) Owner shall, at its expense, (i) maintain or cause to be maintained all buildings and other improvements (including without limitation all walls, roofs, signs, utility systems, windows, doors and heating ventilating and air conditioning equipment) located on the Owner Property, in good repair and condition, sightly in appearance and in conformity with all applicable laws and governmental regulations, (ii) keep or cause to be kept all drives and parking areas located on the Owner Property free of snow, ice and debris, (iii) refrain from using the common areas on the Owner Property for any purpose other than the purpose for which the common areas were constructed, (iv) not erect or permit to be erected barriers in or on the common areas on the Owner Property or otherwise impede pedestrian or vehicular traffic in or on the common areas, (v) not erect or permit to be erected any fences or other obstructions between the Owner Property and the Developer's Property except to facilitate orderly and safe traffic flow between such parcels, and then only to the extent approved by Developer, and (vi) keep or cause to be kept all common areas on the Owner Property lighted until thirty (30) minutes after close of business. (b) With respect to Owner's obligation to maintain or cause to be maintained the common areas on the Owner Property, the following standards shall be observed, all in accordance with the practices prevailing in the operation of similar first-class shopping centers: (i) Paved surfaces shall be maintained in a level, smooth and evenly covered condition with the type of surfacing material originally constructed, or of similar quality, use and durability. 6