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2oloooi4~ <br />such grant, release, dedication, transfer, petition or amendment and that Lessee <br />considers such consideration to be fair and adequate, (C) that such grant, release, <br />dedication, transfer, petition or amendment does .not materially impair Lessee's <br />use or operation of such Mortgaged Property or adversely affect the value of the <br />Premises (or does not reduce the fair market value of the Mortgaged Property by <br />any amount greater than the amount being paid to Borrower for such instrument), <br />and (D) that, for so long as the Lease shall be in effect, Lessee will perform all <br />obligations, if any, of Borrower under such instrument and will remain obligated <br />under the Lease in accordance with its respective terms. <br />If the consideration payable to Borrower in connection with such grant, release, <br />dedication, transfer, petition or amendment exceeds 2% of the outstanding principal <br />amount of the Note, Borrower hereby assigns to Lender and agrees to deliver to Lender <br />all such consideration actually received by Borrower (less reasonable actual transaction <br />costs and applicable federal income tax on such proceeds) which shall be applied to the <br />partial prepayment of the Note, without Make Whole Premium or other penalty. <br />10. Estoppel Certificates. After request by Lender, Borrower shall within ten (10) days <br />furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the <br />amount of the original principal amount of the Nate; (ii) the unpaid principal amount of <br />the Note; (iii) the rate of interest of the Note; (iv) the date installments of interest and/or <br />principal were last paid; and (v) that the Note and this Security Instrument are valid, legal <br />and binding obligations and have not been modified or if modified, giving particulars of <br />such modification. <br />Within fifteen (15) days after request by Borrower, and at Borrower's sole cost and <br />expense (provided that Borrower shall only be required to reimburse Lender far its actual <br />out-of-pocket costs (including reasonable legal fees and disbursements incurred by <br />Lender)), Lender shall provide Borrower and/or Transferor, and Grantee, or Transferee, <br />as applicable, a statement, duly certified (i) setting forth the outstanding principal amount <br />of the Loan; (ii) confirming whether, to its actual knowledge, without independent <br />investigation or inquiry, any default exists under the Note, this Security Instrument and <br />the other Loan Documents; and (iii) attaching a copy of the Note, this Security <br />Instrument and the other Loan Documents identified on Borrower's request, and <br />certifying that to its actual knowledge, without independent investigation or inquiry, such <br />copies are true, correct and complete. Lender shall be required to furnish such certificate <br />only once a year or in connection with any pending or proposed Sale or Transfer as <br />contemplated in the Loan Documents. <br />11. .Chan es in the Laws Re azdin Taxation. If any law is enacted or adopted or amended <br />after the date of this Security Instrument which deducts the Debt from the value of the <br />Mortgaged Property far the purpose of taxation or which imposes a tax, either directly or <br />indirectly, on the Debt or Lender's interest in the Mortgaged Property, Borrower will pay <br />such tax, with interest and penalties thereon, if any. In the event Lender is advised by <br />counsel chosen by it that the payment of such tax or interest and penalties by Borrower <br />would be unlawful or taxable to Lender or unenforceable or provide the basis for a <br />defense of usury, then in any such event, Lender shall have the option, by written notice <br />-25- <br />