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<br /> :;;,�,,,,:�r 1.12 '�axes: Mortga¢es. Manager ahall obtaln and verlfy bills far real estate and
<br /> �,�,.�..w.�+ personal propeny taxes� and other lik� charges whiCh ar�or may becomo liene againet tho
<br /> Property and mako payment thereof or appeal or refar sama to a tax conaultant aorvice.
<br /> ;� Subject to avail�bility of funds, Manager s�aU pay such bills promptly to avoid penalty far
<br /> : late paymant or to parmit Duvner to take advantage of discounts. IV�anager ahall make all
<br /> " payments on account of any mortgage, deed of trust or other secur�ty instrument, if any� -
<br /> �, affecting the Pruporry, &om the Accaunt. ' :;
<br /> . "� 1.13 �QO,paration> Should any cl�ims, dem�nds,suits or other legal proceedings be �
<br /> �.: mado or instituted by any person against Owner or any lender holdtng e lien on any portion
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<br /> of tha Property which arlsa out of any of tbe anatters relating to thie Agreemont, the .t�
<br /> . Manager shaU give Ouvner all pertinent information and reasonable assistance in the defense
<br /> �� or othcr disposition thereof. =
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<br /> 1.14 �vailable Funds. Notwlthstanding any provlsion to the contrary ct�nteined in ��:`
<br /> " this Agreemant, Managar's payment oUligadons hereunder�insofar as sucl�obligadona are i_=
<br /> for the account of Owner are subject to adequate funds bein� made available for such =-
<br /> -`��'���°i�• � purposes by Owner�it being expressly unde�stood and agreed that Manager shall havo the
<br /> ;�.��,;.�.� right, but shall have no obligation whatsoever, to advance any sums from its own funds to
<br /> . ' 93t�3�f 3IIiJ ui2v�Y j3aj�f2°vllt��`i�ga220IIS.
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<br />��"'�` ����'`� 1.15 c t' � , No provlsion of this Agreement shall require the Menager to
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<br /> _--_�=,�,� expend or rlsk its own funds or othervvisa incur any�nancial liability in the performance of
<br /> �;::�":.�� any of its duties or rights hereunder unless the Property is no longer owned by the Owner;
<br /> _, provIdGd, however�that the provisions of this Sectiou 1.15 shall not exculpata tha Menager
<br /> r���� : for any breacb of this Agreament.
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<br /> = _='�'� � 1.16 ro e . The Property, as descnbed on Fxlubit"A"attached hereta may ba
<br /> �-=�'; changed at any time by Owaer upon notice to Manager.
<br /> _.,,.� . II.
<br /> ---- ACCOU�iTING
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<br />_��=a,;;;;� z.l ecords. M�nager shall maintein at its pr�ncipal place of business,accurate, -
<br /> --_ complete and separate boaks of account in accordance with sound accounting procedures
<br /> ..� _ _ � showing all receipt�and cxpenditures arising out of management of the Property. All entrle�
<br /> �'�'�„_ '� shall be supgorted by suf�cient documentation to reflect that said ea�t�ies are properly and
<br /> _==T� accurately recorded to the Property. Such baoks of account and records shall be tlie
<br /> .-_ _ -_- propexty of Owner. Manager shall maintain such conta+ol over accounting �d financial -
<br /> - ._.={��-;� transactions as ia reasonably necessary to protect Owner's assets &om the�t, error or �`;�.:
<br /> '��`� "' fraudulent acdvity on the part of Manager's associates or employees. Any losses arlsing ��=
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<br /> • " � &om the negligence, &sud or wIllful or wantan misconduct of Manager's associates or i'�'
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<br /> -���:�=::'-: employees shall be borne and paid by �.i�fanager. �`-'-
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