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,200011180 <br />Borrower. In the Event of Default, American Family also shall have the right to examine at <br />any time during regular business hours, at their place of safekeeping, all books, accounts and <br />records relating to the operation of the Premises, to make copies or abstracts therefrom and to <br />discuss the affairs, finances or accounts with the officers or employees of Borrower and its <br />accountants. <br />SECTION 1.10 ADDITIONAL ASSURANCES. Borrower agrees to <br />execute, record, and deliver, upon the reasonable request of American Family, such further <br />instruments, including Financing Statements under the Code, and will do such further acts as <br />may be necessary or proper' to carry out more effectively the purposes of the Loan Documents. <br />Borrower agrees to pay all reasonable expenses incurred in the making and preserving of this <br />Loan, including, but not limited to, reasonable attorneys' and paralegals' fees and costs, recording <br />fees, filing fees, or other charges arising out of or incident to the filing or recording of this Trust <br />Deed, and any of the other Loan Documents and any eventual satisfactions thereof, or the <br />delivery and recording of such further assurances and instruments as may be required pursuant to <br />the terms of this Section. <br />SECTION 1.11 PROHIBITION OF OWNERSHIP INTEREST <br />IMPAIRMENT. Borrower acknowledges that the Loan is based upon the identity and reputation <br />of Borrower and Guarantor. Borrower and Guarantor shall not, without the prior written <br />consent of American Family, cause or permit any Ownership Interest Impairment during the <br />term of this Loan. The occurrence of any Ownership Interest Impairment shall constitute an <br />Event of Default and shall give American Family the right to declare all Indebtedness <br />immediately due and payable without further notice. Prepayment due to the occurrence of an <br />Ownership Interest Impairment shall be subject to a prepayment premium as provided in the <br />Note. <br />SECTION 1.12 PARTIAL RELEASES OF COLLATERAL. <br />Notwithstanding anything to the contrary herein, but only after sixty (60) days prior written notice <br />to American Family and provided no Event of Default has occurred and Borrower is not <br />otherwise in default or non - compliance under any of the Loan Documents, a sale by Borrower <br />once each Loan Year after the first five Loan Years of one of the nine parcels constituting the <br />Real Estate shall not be an Event of Default if Borrower prepays immediately upon such sale <br />a portion of the principal balance remaining at the time of such sale equal to the product of (a) the <br />principal balance of the Loan remaining at the time of such sale, times (b) a percentage calculated <br />by dividing (i) the Appraised Value of the property sold as determined by the appraisal required <br />by the Loan Commitment, by (ii) the total Appraised Value of the Real Estate remaining <br />subject to Mortgages immediately prior to such sale as determined by the appraisal required by <br />the Loan Commitment, such product then rounded up to the nearest amount equaling the <br />principal portion of future consecutive monthly installments next due under the Note. American <br />Family's delivery of a satisfaction of mortgage for the property sold shall take place only after <br />receipt of such payment, and Borrower shall provide American Family with completed forms <br />of satisfaction of the related mortgage and termination of any related financing statements, <br />19 <br />