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f►�Ijf DTiZ11 %3 Section 3.4 Replacement of Fixtures and Personalty. Except as otherwise permit- ted by the Credit Agreement, Grantor shall not, without the prior written consent of Beneficiary, which consent shall not be reasonably withheld, conditioned or delayed, permit the Fixtures or Personalty mate- rial to the business, owned or leased by Grantor to be removed at any time from the Land or Improve- ments_ unless the removed item is removed temporarily for maintenance and repair or is permitted to be removed by the Credit Agreement or is replaced, or relocated to any facility owned or leased by an Affili- ate of Grantor.. Section 3.5 Inspection. Subject to any applicable limitations set forth in Section 6.10 of the Credit Agreement, Grantor shall permit Beneficiary and the other Secured Parties and their respective agents, representatives and employees, upon reasonable prior notice to Grantor, to inspect the Mortgaged Property and all books and records of Grantor located thereon, and, following the occurrence and during the continuance of an Event of Default, to conduct such environmental and engineering studies as Beneficiary or the other Secured Parties may require, provided that such inspections and studies shall not materially interfere with the use and operation of the Mortgaged Property, Section 3.6 Other Covenants. All of the covenants in the Credit Agreement are in- corporated herein by reference and, together with covenants in this Article 3, shall be covenants running with the Land. Section 3.7 Insurance; Flood Compliance; Condemnation Awards and Insur- ance Proceeds. (a) insurance; Flood Compliance. Grantor shall maintain or cause to be maintained, the insurance policies required under Section 6.07 of the Credit Agreement Grantor represents and war - rants that prior to the execution and delivery of this Deed of Trust, Beneficiary has obtained and provided Grantor with a completed "Life -of - Loan" Federal Emergency Management Agency standard flood hazard determination (together with notices about special flood hazard area status and flood disaster assistance relating thereto, which notice has, if requested by Beneficiary, been duly executed by the Borrower and Grantor, with respect to each portion of the Mortgaged Property ) Without limiting the generality of the first sentence of this Section 3 7 (a), if any portion of the Mortgaged Property is located in an area identi- fied by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (or any amendment or successor act thereto), then Grantor shall (i) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount suf'f'icient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) deliver to Beneficiary evidence of such compliance in form and substance reasonably acceptable to the Beneficiary. (b) Condemnation Awards Upon the occurrence and during the continuance of an Event of Default, Grantor assigns all Condemnation Awards to Beneficiary and authorizes Beneficiary to collect and receive such Condemnation Awards and to give proper receipts and acquittances therefor, sub- ject to the terms of the Credit Agreement. (c) Insurance Proceeds. Upon the occurrence and during the continuance of an Event of Default, Grantor assigns to Beneficiary all proceeds of any insurance policies insuring against loss or damage to the Mortgaged Property Subject to the terms of Sections 2.0.5(b)(ii)(A) and 2 0.5(b)(ii)(B) of the Credit Agreement, Grantor authorizes Beneficiary to collect and receive such pro- ceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Beneficiary, instead of to Grantor and Beneficiary jointly. -5-