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241047999 character shall be a d�mand obligation (which obligation Mortgagor he�eby expressly promises to pay) owing by Mortgagor to Administrativ� Agent ar Trustee (as the case may be) and shall bear interest from the date expended until paid at the rate set forth in Section 2.12(c) of the Credit Ageement, and the party incumng such expenses shall be subrogated to all rights of the person receiving such payment. (i) Insurance. Mortgagor will caxry insurance as provided in the Credit Agreement. All policies evidencing such inswance shall contain clauses providing that th.e proceeds thereof shall be payable to Administrative Agent as its interest may appear and providing that such palicies may not be canceled or reduced or otherwise affected in any materially adverse way without at least thirty (30) days' prior written notice to Administrative Agent; provided that, notwithstanding any such loss payee or mortgagee designation, so lang as no Default exists, any payments under such insurance shall be made salely to the Mortgagor for application as required and permitted by Section 2.9(b) of th� Credit Agreement. Upon request by Adrninistrative Agent, Mortgagar shall deliver to Administrative Agent the original policies, evidence of payment of premiums, certificates evidencing renewals, and such other information regarding such in.surance as Administrative Agent may reasonably request. In the event of any loss under any insurance po�icies so carried by Martgagor, Administrative Agent shall, after it has determined in its sole judgment that Mortgagor has failed to commence or diligently pursue efforts to collect the same, have the right (but not the abligation) to make proof af loss and collect the same, and all amounts so received shall be applied toward costs, charges and exp�nses (including reasonable attorneys' fees), if any, incurred in the collection thereof, then to the order of Mortgagor for use for repairs and replacement of any loss, unless a Default is then continuing and in which case, then shall be applied to matured secured indebtedness as prescribed by the Credit Agreement, and any excess proceeds shall be paid to the order of Mortgagor far use for repairs and replacement of any loss. In the preceding instances a�ad during the continuance of a Default, Administrative Agent is hereby authorized but not obligated to enforce in its name or in the name of Mortgagor payment of any or all af said policies or settle or compromise any claim in respect thereof, and to collect and make receipts for the proceeds thereof and, in and during such events, Administrative Agent is hereby appointed Mortgagor's agent and attorn�y-in-fact to endorse any check or draft payable to Mortgagor in order to collect the proceeds of insurance. In the event of foreclosure of this Mortgage, or other transfer of title to the Property in extinguishm�nt in whale ar in part of the secured indebtedness, all right, title and interest of Mortgagor in and ta such policies then in force concernin� the Property and all proceeds payable thereunder shall thereupon vest in the purchaser at such foreclosure or other transferee in the event of such other transfer of title. Pursuant ta Mo. Rev. Stat. § 427.12Q, Mortgagor acknowledges receipt of the following notice: "Unless you [Mortgagor] pravide evidence of the insurance coverage required by your agreement with us [Secured Parties], we may purchase insurance at your expense to protect our interests in yaur callateral. This insurance may, but need not, protect your interests. The coverage that we purchase may not pay any claim that you make or any claim that is made against you in connection with the collateral. You rnay later cancel any insurance purchased by us, but only after providing evidence that you have obtained insurance as required by our agreement. If we purchase insurance far the collateral, you will be responsible for th� costs of that insurance, including the insurance premium, interest and any other charges we may impose in connectiorz with the placement of' the insurance, u�ntil the effective date of the cancellation or 22