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200609831 payment of the Secured Obligations in accordance with the terms of the Loan Agreement. 4. Preservation and Maintenance. (a) Grantor shall: (i) not permit or commit waste, impairment, or deterioration of the Property or abandon the Property; (ii) restore or repair promptly and in a good and workmanlike manner all or any part of the Property in the event of any damage, injury or loss thereto, to the equivalent of its condition prior to such damage, injury or loss, or such other condition as Beneficiary may approve in writing; (iii) keep the Property, including the Improvements, in good order, repair and tenantable condition and shall replace fixtures, equipment, machinery and appliances on the Property when necessary to keep such items in good order, repair, and tenantable condition; and (iv) comply with all laws, ordinances, regulations and requirements of any governmental body, as well as any reciprocal easement agreements or covenants of record, applicable 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 covenants and agrees to give Beneficiary prompt notice of any non - compliance with such laws, ordinances, regulations or requirements and of any notice of non- compliance therewith which it receives or any threatened or pending proceedings in respect thereto or with respect to the Property. (b) Neither Grantor nor any tenant or other person shall remove, demolish or alter any Improvements now existing or hereafter erected on the Property, without the prior consent of Beneficiary, except to the extent the same would not impair the structural integrity or value of the Property. 5. Transfers. Except as otherwise provided in the Loan Agreement, Grantor will not, directly or indirectly, without the prior written consent of Beneficiary in each instance: (a) sell, convey, assign, transfer, option, mortgage, pledge, hypothecate or dispose of the Mortgaged Property, or any part thereof or interest therein; or (b) create or suffer to be created or to exist any Lien, restriction, or attachment of any kind upon the Mortgaged Property, or any part thereof or interest therein other than the Permitted Liens. 6. Hazardous Materials Warranties and Indemnification. (a) Environmental Representations and Warranties of Grantor. In addition to the representations and warranties made in Loan Agreement, Grantor represents and warrants to each Credit Party and the Beneficiary as follows: 7 MA