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20050'7874
<br />Section 2.08. Use of the Property. Borrower will use, or cause to be used, the Property for such use as is
<br />permitted pursuant to applicable Legal Requirements including, without limitation, under the certificate of
<br />occupancy applicable to the Property, and which is required by the Loan Documents. Borrower shall not suffer or
<br />permit the Property or any portion thereof to be used by the public, any tenant, or any Person not subject to a Lease,
<br />in a manner as is reasonably likely to impair Borrower's title to the Property, or in such manner as may give rise to a
<br />claim or claims of adverse usage or adverse possession by the public, or of implied dedication of the Property or any
<br />part thereof.
<br />Section 2.09. Financial Reports. (a) Borrower will keep and maintain or will cause to be kept and
<br />maintained on a Fiscal Year basis, in accordance with GAAP (or such other accounting basis reasonably acceptable
<br />to Lender) consistently applied, proper and accurate books, tax returns, records and accounts reflecting (i) all of the
<br />financial affairs of Borrower and Guarantor and (ii) all items of income and expense in connection with the
<br />operation of the Property or in connection with any services, equipment or furnishings provided in connection with
<br />the operation thereof, whether such income or expense may be realized by Borrower or by any other Person
<br />whatsoever, excepting lessees unrelated to and unaffiliated with Borrower who have leased from Borrower portions
<br />of the Premises for the purpose of occupying the same. Lender shall have the right from time to time at all times
<br />during normal business hours upon reasonable notice to examine such books, tax returns, records and accounts at the
<br />office of Borrower or other Person maintaining such books, tax returns, records and accounts and to make such
<br />copies or extracts thereof as Lender shall desire. After the occurrence of an Event of Default, Borrower shall pay
<br />any costs and expenses incurred by Lender to examine Borrower's and Guarantor's accounting records with respect
<br />to the Property, as Lender shall determine to be necessary or appropriate in the protection of Lender's interest.
<br />(b) Borrower will furnish Lender (i) annually, within seventy-five (75) days following the end of each
<br />Fiscal Year of AMERCO with a complete copy of AMERCO's financial statements audited by AMERCO's
<br />Independent auditors; (ii) quarterly with forty (40) days following the end of each fiscal quarter of AMERCO with
<br />a complete copy of AMERCO's quarterly financial statements reviewed by AMERCO's Independent auditors;
<br />(iii) annually within seventy-five (75) days following the end of each Fiscal Year of AMERCO with a complete
<br />copy of each Guarantor's financial statements, prepared in accordance with GAAP by an in -house certified public
<br />accountant and certified by Borrower; and (iv) quarterly within forty (40) days following the end of each fiscal
<br />quarter of AMERCO with a complete copy of each Guarantor's financial statements, prepared in accordance with
<br />GAAP by an in -house certified public accountant and certified by Borrower. Together with such financial
<br />statements, Borrower shall deliver Borrower's financial statements prepared in accordance with GAAP (or such
<br />other accounting basis reasonably acceptable to Lender) consistently applied covering (i) all of the financial
<br />affairs of Borrower and (ii) the operation of the Property for such Fiscal Year or fiscal quarter, as applicable, and
<br />containing a statement of revenues and expenses, a statement of assets and liabilities and a statement of
<br />Borrower's equity and Borrower shall furnish to Lender an Officer's Certificate certifying as of the date thereof
<br />(1) that the financial statements accurately represent the results of operations and financial condition of Bovower
<br />and the Property all in accordance with GAAP (or such other accounting basis reasonably acceptable to Lender)
<br />consistently applied, and (2) whether there exists an event or circumstance which constitutes, or which upon
<br />notice or lapse of time or both would constitute, a Default under the Note or any other Loan Document executed
<br />and delivered by Borrower, and if such event or circumstance exists, the nature thereof, the period of time it has
<br />existed and the action then being taken to remedy such event or circumstance.
<br />(c) Borrower will furnish Lender monthly, within sixty (60) days following the end of each month,
<br />with a true, complete and correct cash flow statement with respect to the Property in the form attached hereto as
<br />Exhibit E and made a part hereof, showing (i) all cash receipts of any kind whatsoever and all cash payments and
<br />disbursements, and (ii) year -to -date summaries of such cash receipts, payments and disbursements together with a
<br />certification of Manager stating that such cash flow statement is true, complete and correct and a list of all
<br />litigation and proceedings affecting Borrower or the Property in which the amount involved is $250,000 or more,
<br />if not covered by insurance (or $1,000,000 or more whether or not covered by insurance).
<br />(d) Borrower will furnish Lender monthly, within sixty (60) days following the end of each month,
<br />with a certification of Manager stating that all Operating Expenses with respect to the Property which had accrued
<br />as of the last day of the month preceding the delivery of the cash flow statement referred to in clause (c) above
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