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20080t83t 4.11 Inventories: Assembly of Chattels. Borrower will, from time to time at the request of Bank, supply Bank with a current inventory of the Chattels, in such detail as Bank may require. Upon the occurrence of any Event of Default hereunder, Borrower will, at Bank's request assemble the Chattels and make the Chattels available to Bank at any place designated by Bank which is reasonably convenient to both parties. 4.12 Further Assurances: Estoppel Certificates. Borrower will eXecute and deliver to Bank upon demand, and pay the costs of preparation and recording thereof, any further documents which Bank may request to confirm or perfect the liens and security interests created or intended to be created hereby, or to confirm or perfect any evidence of the Secured Obligations. Borrower will also, within ten (10) days after any request by Bank, deliver to Bank a signed and acknowledged statement certifying to Bank, or to any proposed transferee of the Secured Obligations, (a) the balance of principal, interest, and other sums then outstanding under the Note, and (b) whether Borrower claims to have any offsets or defenses with respect to the Secured Obligations and, if so, the nature of such offsets or defenses. 4.13 Parking Requirements. Borrower shall maintain at all times sufficient parking spaces to comply with the parking requirements of all Leases, zoning and other regulations affecting the Property. 4.14 Financial Statements and Inspection of Records. Borrower, at Borrower's expense, shall furnish to Bank the financial and other reports required by the Reimbursement Agreement. 4.15 Security Deposits. Borrower shall keep and maintain in a separate bank account with Bank, any security deposits or advance payments received from tenants in lieu of security deposits, as set forth in the Reimbursement Agreement. Upon the Bank's request, the Bank shall be named on the bank account and no funds shall be withdrawn therefrom without the prior written consent of the Bank. 4.16 Environmental Representations and Warranties. Borrower has executed for the benefit of the Bank the Environmental Indemnity, the provisions of which are included herein by reference. Borrower shall comply with, observe and perform each of the terms and provisions of the Environmental Indemnity. 4.17 Stamp Tax. If, by the laws of the United States of America, or of any state or political subdivision having jurisdiction over Borrower, any tax is due or becomes due in respect of the issuance of the Note, or recording of this Deed of Trust, Borrower covenants and agrees to pay such tax in the manner required by any such law. Borrower further covenants to hold harmless and agrees to indemnify Bank, its successors or assigns, against any liability incurred by reason of the imposition of any tax on the issuance of the Note or recording of this Deed of Trust. 4.18 Changes in Taxation. In the event of the enactment after this date of any law of the State in which the Property is located or any political subdivision thereof deducting from the value ofland for the purpose oftaxation any lien thereon, or imposing upon Bank the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by I 03209-6061 7-957802v5 11 us Bank I Riverbend Apartments Phase I Deed of Trust