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200806031 1, Pavrnent and Performance of Secured Oblieations. Grantor shall promptly pay the Secured Obligations when due, and fully and promptly perform all of the provisions, agreements, covenants and obligations of Grantor under the Loan Documents, in each case subject to all applicable grace and cure periods. 2. Imoositions. Liens and Charl!es. Grantor shall pay all tax liabilities, assessments and governmental charges or levies and lawful claims with respect to the Mortgaged Property to the extent required by Section 6.04 of the Credit Agreement. Grantor shall promptly discharge (by bonding, payment or otherwise) any Lien filed against the Mortgaged Property (other than Permitted Encumbrances). 3. Prooertv and Other Insurance. (a) Grantor will keep or cause to be kept the Mortgaged Property insured against such risks, and in the manner, required by Section 6.07 of the Credit Agreement. (b) In the event that Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, Beneficiary may, without waiving or releasing any obligation or liability of Grantor hereunder or any Default or Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect to as Beneficiary deems advisable. All sums disbursed by Beneficiary in connection with this Paragraph 3(b ), including reasonable and documented attorneys' fees, court costs, expenses and other charges relating thereto, shall be payable, upon written demand, by Grantor and shall be additional Secured Obligations secured hereby. (c) Prior to the occurrence of any Event of Default, Grantor shall have the right to make proof of such loss, to adjust and compromise any claim under insurance policies, and to appear in and prosecute any action arising from such insurance policies, provided that no settlement thereof shall be made without the prior consent of Beneficiary. Grantor hereby irrevocably makes, constitutes and appoints Beneficiary (and all officers, employees or agents designated by Beneficiary) as Grantor's true and lawful agent and attorney-in-fact, exercisable after the occurrence and during the continuance of an Event of Default, to make proof of such loss, to adjust and compromise any claim under insurance policies, and to appear in and prosecute any action arising from such insurance policies. Beneficiary is authorized to collect and receive insurance proceeds as provided in the Credit Agreement, and to deduct therefrom Beneficiary's expenses incurred in the collection of such proceeds. Grantor further authorizes Beneficiary, at Beneficiary's option, to the extent required pursuant to Section 2.05(g) of the Credit Agreement, to apply any insurance proceeds received by Beneficiary to the payment of the Secured Obligations in accordance with the terms of Section 2.05(h) or Section 8.03 of the Credit Agreement, as applicable. 4. Transfers. Except as otherwise provided in the Credit Agreement, Grantor will not, 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 upon the Mortgaged Property, or any part thereof or interest therein, other than Permitted Encumbrances. 5. Use of Prooertv. 4