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<br />80--"~G~17 <br />evidenced by the Seller's note executed and delivered <br />simultaneously herewith and secured by a mortgage covering <br />the real estate, improvements and all fixtures and machinery <br />incidental to the operation and maintenance of the Grand <br />Island Nall, which note and mortgage shall be subordinate <br />only t:a the purchase money mortgage held by the Seller, <br />which $700,000.00 note and mortgage are sometimes here and <br />in the Fund Agreement referred to as the "Second Note and <br />Second Mortgage°, the terms of which are set forth in the <br />Fund Agreement. No more than $6.00 per square foot rentable <br />tenant area sha12 be advanced from the proceeds of the <br />Second Mortgage as against tenant improvements for each tenant <br />and all excess costs shall be paid by the Buyer. Notwithstanding <br />the foregoing up to $100,000.00 of the Second Mortgage proceeds, <br />in the aggregate, may be utilized for major improvements for <br />tenant for one or more tenants of the Grand Island Mall if <br />ouch coats exceed $6.OD per foot for tenant improvements. <br />Such $100,000 €und shall be part of the total $700,000.00 <br />loan and not in addition thereto. No part of the Second <br />Mortgage proceeds are to be advanced unless and until the <br />fallowing conditions are complied with by the 9uyer: <br />~a} Pions and specifications for the tenant improve- <br />aenks for each new tenant have been apgroved by Seller which <br />approval shall not be reasonably withheld, provided, however, <br />in each such instance the required tenant improvements are <br />required to ~ made pursuant to a lease between the 3uyer and <br />the tenant for which the improvements have been proposed. An <br />executed copy of cacti such lease shall also accompany each <br />request for tenant improvements and shall be subject to the <br />agproval of the Seller, which agprava3 shall nok be unrea- <br />-s- <br />