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1. Payment and Performance of Secured Obligations. Grantor shall promptly pay the Secured Obligations when due, and fully and promptly perform all of the provisions, agreements, covenants and obligations of the Grantor, subject to all applicable grace and cure periods. 2. Impositions,_ Liens_ and Charges. Grantor shall pay all the yearly water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, common area maintenance charges, all governmental charges of every name and restriction which may be levied on the Property as well as the yearly premium installments for the insurance covering the Property as required pursuant to Paragraph 2 and Paragraph 3 hereof (hereinafter collectively referred to as the "Impositions ") and other charges, if any, attributable to the Property, subject to the Grantor's right to contest, provided such contest complies with terms of Section 8.04 of the Loan Agreement. Grantor shall furnish to Beneficiary all bills and notices of amounts due under this Paragraph 2 as soon as received, and, Grantor shall furnish to the Beneficiary evidence of such payments at least five (5) days prior to the dates on which such payments are delinquent for taxes. Grantor shall promptly discharge (by bonding, payment or otherwise) any Lien filed against the Property (other than Permitted Liens). 3. Property and Other Insurance. (a) The Grantor shall (i) maintain or shall cause to be maintained insurance on the Property with financially sound and reputable insurers reasonably acceptable to the Beneficiary and in at least such amounts and against at least such risks as is customary with companies in the same or similar businesses operating in the same or similar locations, including public liability insurance against claims for personal injury or death occurring upon, in or about or in connection with the use of any properties owned, occupied or controlled by it; (ii) maintain such other insurance as may be required by law; and (iii) furnish to the Beneficiary, upon written request, full information as to the insurance carried. (b) Fire and extended coverage policies maintained with respect to any Property shall be endorsed or otherwise amended to include (i) a non - contributing mortgagee clause (regarding the Improvements), in form and substance reasonably satisfactory to the Beneficiary, which endorsements or amendments shall provide that the insurer shall pay all proceeds otherwise payable to the Grantor under the policies directly to the Beneficiary, (ii) except as and to the extent provided in the Loan Agreement, a provision to the effect that none of the Grantor, Credit Parties nor any other Person shall be a co- insurer, and (iii) such other provisions as the Beneficiary may reasonably require from time to time to protect the interests of the Credit Parties. Commercial general liability policies shall be endorsed to name the Beneficiary as an additional insured. Business interruption policies shall name the Beneficiary as loss payee and shall be endorsed or amended to include (i) a provision that, from and after the Closing Date, the insurer shall pay all proceeds otherwise payable to the Grantor under the 5 MA