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200011130 or declaration of the insurer evidencing any policy renewal, together with evidence of the payment of current Insurance Premiums therefor. In the event any required insurance coverage shall be amended by Borrower, Borrower shall, within ten (10) days of such authorized amendment deliver, or cause to be delivered, to American Family a certified copy of the original of such amended policy. Such amendment shall be subject to the prior written consent of American Family, which consent shall not be unreasonably withheld nor delayed. Borrower shall provide American Family with copies of all inspection reports and insurance recommendations received by Borrower from any insurer, and such inspection reports and insurance recommendations shall be deemed Reports. SECTION 3.2 DAMAGE OR DESTRUCTION OF THE PREMISES. Borrower shall give American Family prompt notice of any damage to or destruction of the Premises and, in case of loss covered by policies of insurance, American Family is authorized, at its option, to settle and adjust any claim arising out of such policies and to collect and receipt for the Insurance Proceeds payable therefrom; provided, however, that if no Event of Default has occurred, Borrower may itself adjust and collect for any losses arising out of a single occurrence aggregating not in excess of One Hundred Thousand and No/ 100 Dollars ($100,000.00) without the prior written consent of American Family. In the event Borrower receives Insurance Proceeds from any claims resulting from losses arising out of a single occurrence aggregating in excess of One Hundred Thousand and No/ 100 Dollars ($100,000.00), Borrower shall, immediately upon receipt, forward all such Insurance Proceeds to American Family. Any Recoverable Costs incurred by American Family in the adjustment, collection and application of Insurance Proceeds shall be reimbursed to American Family first out of any Insurance Proceeds. Any Insurance Proceeds remaining after any reimbursement paid to American Family pursuant to this Section 3.2 shall be applied by American Family to the reduction of the Indebtedness or to Restoration in such amounts and in such order as American Family may determine; provided, however, that if the terms and conditions set forth in Section 3.4 are met and maintained throughout the period of Restoration, then such remaining proceeds shall be used for Restoration to the extent of the actual cost of Restoration. No prepayment premium will be charged for any application of Insurance Proceeds to the Indebtedness. SECTION 3.3 CONDEMNATION. Borrower shall provide American Family prompt notice of any action, actual or threatened, in condemnation or eminent domain against the Premises. American Family shall have the right to intervene in any such action. Borrower shall not enter into any agreement with a condemning authority permitting or consenting to the taking of the Premises, or any part thereof, unless American Family's prior written consent is first obtained, which consent shall be neither unreasonably withheld nor delayed. Borrower shall request the condemning authority to direct the proceeds of any condemnation award directly to American Family, or if the condemning authority will not so direct such proceeds, Borrower shall, immediately upon receipt of such proceeds, forward all such proceeds to American Family immediately upon Borrower's receipt thereof. Any Recoverable Costs incurred by American Family by reason of intervening in any action, or in 27