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~~..: f~05187 4. Prior to any disbursement from the fund or any advance under the Second Mortgage, the Seller at its option may require lien waivers from all rontraetors performing services in connec- tion with the Common Area Improvements, tenant improvements oz any other work undertaken at the Grand Island Mall for which a Mechanics Lien may be filed and a further certification €rom Buyer's title insurance company that no Mechanics` Liens have been noted and wade public record. if any Mechanics Liens shall be filed against the Grand Island Mall oz any interest therein by reason of work, labor or servicea or materials supplied or claimed to be supplied, or any municipal liens or other liens or encumbrances, other than mortgages held by Seller, or leases approved by the Seller, shall be recorded, filed, or suffer to exist and if any such Mechanics' Lien or other lien or encumbrances not discharged or proceedings to discharge theta have not been cosmenced by the Buyer within fifteen (i5) days after the Brayer shall have been given notice thereof by the Seiler or by the claimant or otherwise of the filing or recording thereof, then the Buyer may, at its option, pay and discharge said lien or encumbrance in which case, the sum which the Seiler shall have so paid shall be accepted by Buyer as part of the advance then due or thereafter to becose due as the Seller may elect. While any such lien or encumbrance reaaina of record unleea sash lien or encumbrance shall have been bonded or insured over by a reputable title insurance company doing business in Nebraska, then Seller may withhold any further advance hereunder and under the Second Note and Second Mortgage and upon written notice from, the Seller to the Buyer this shall constitute an event of default on which the Seller may proceed as in the Second l~rtgage described or as hezein provided. In the event of a default by any contractor supplying labor or material for the Coon Area improvements and tenant ,;p-