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200809578 (b) This Note is, and the Security Docwnent, is or will be (as the case may be), the legal, valid and binding obligation of the Borrowers enforceable against each Borrower in accordance with their respective terms, subject only to laws generally affecting the enforcement of creditors' rights. (c) Each of the Borrowers has filed all federal and state tax returns which are required to be filed, and has paid all taxes as shown on said returns and on all assessments received by it to the extent that such taxes have become due. Covenants The Borrowers covenant and agree that, for so long as the Note remains unpaid, the Borrowers shall: (a) Comply in all material respects with all applicable laws, rules, regulations and orders, and promptly pay and discharge, as the same become due and payable, all taxes, assessments and govenunental and other charges, levies or claims, levied or imposed, and any and all claims for labor, material, supplies, or rental charges, which are or which, if unpaid, might become a lien or charge upon their properties, assets, or earnings; (b) Maintain their Property to the standards prescribed in the Security Document, and maintain the insurance required under the Security Document; (c) Execute, acknowledge, deliver and file and record any document or instrument (including specifically any financing statement) deemed advisable by the Lender to protect their lien or security interest under any Security Document against the rights or interests of third persons; (d) Not create, assume, incur nor suffer to exist any pledge, mortgage, assignment or other lien or encumbrance of any kind of or upon the Property, except as allowed under the Security Document; and (e) Provide to Lender, on each annual anniversary of this Note, copies or other satisfactory verification, of the following: (i) Real estate insurance certificates for the Property, each of which identify the Lender as an additional insured/loss payee; (ii) Receipts that verify that all real property taxes and assessments related to the Property have been paid; and (iii) Records from the applicable bank or credit reporting agency that verify that Borrowers have made any and all required payments to such banks on the primary mortgages related to the Property.