93110869 - Laserfiche WebLink

Browse

193-11108&9 acquisition of a lien prlor to the lien of this Mortgage before such a prior lien may attach. SECTION 3. Taxes and Assessments. The Company agrees to pay: (a) Before delinquent, all taxes and assessments of every type or nature affecting the Project; (b) All other charges and encumbrances which may now or hereafter be or appear to be a lien prior to the lien or this Mortgage; (c) All taxes upon this Mortgage or on the interest of the Issuer or the Trustee herein, or upon the Notes or debt secured hereby; provided, however, that the total amount so paid for any taxes pursuant to this subparagraph (c), together with the interest payable on said indebtedness, shall not exceed the highest lawful rate of interest in Nebraska. SECTION 4. Insurance Required to be Carried. The Company shall take up and continuously maintain in effect, during the period the Project is being constructed, builder's risk or any other such insurance and thereafter, so long as any of the Bonds remain outstanding: (a) Cooprehensive general liability insurance covering any and all liability of the insured with respect to or arising out of the ownership, maintenance, opera t iOE, use or occupancy of the proj ect , and all operations incidental thereto including, but not limited to, structural al terations, new construction and demolition, and including coverage for those hazards generally known in the insurance industry as explosion, collapse and underground property damage ("XCD"), said insurance to have limits of not less than ONE MILLION DOLLARS ($1,1)00,000.00) combined single limit per occurrence for bodily injury, personal injury and property damage liability. In addition, said insurance shall insure the performance by Company with respect to liability assumed by Company under any written agreement between Issuer or Trustee and Company; (b) Insurance buildings, fixtures (" Building Insurance") on and improvements located on all and 6