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g. Acceptable evidence of corporate and LLC authority for <br /> Borrower and the corporate Guarantor, including all documents <br /> relating to the formation and management of Borrower and <br /> corporate Guarantor. Borrower and the corporate Guarantor <br /> shall also provide any and all certificates, resolutions and <br /> minutes necessary to establish the validity of such documents <br /> and to authorize the transaction contemplated hereby. <br /> h. Assignment of Leases and Rents. <br /> i . Any other legal. documents, instruments or certificates <br /> reasonably required by the Lender. <br /> 5 . TITLE, INSURANCE. Lender shall receive a title commitment from a <br /> title company ("Title Company") satisfactory to Lender agreeing to <br /> issue a title insurance policy which (a) names Borrower as owning <br /> fee simple title to each Property separately and Lender as insured <br /> in the principal amount of each Loan separately, (b) insures each <br /> Mortgage to be a valid first lien on the Property, and (c) is free <br /> from exception for (1) matters which would be disclosed by a survey <br /> or inspection, (2) matters which would be disclosed by a survey or <br /> inspection, (2 ) rnechanic' s, contractor' s, or materia linen' s liens and <br /> lien claims, (3) rights and claims of parties in possession, (4) <br /> easements, or claims of easements not shown by the public records, <br /> and (S) other exceptions not approved by Lender. Lender shall also <br /> receive an endorsement to such commitment stating its effective date <br /> to be the date of recording of the Mortgage . Borrower agrees to <br /> promptly and fully observe and comply with any requirements <br /> established by the title insurance company. <br /> 6. INSURANCE. Borrower shall obtain and maintain in full force and <br /> effect during the term of the Loan the following insurance : <br /> a. Prior to closing, Borrower shall provide proof of insurance in <br /> an amount equal to 100% of the full replacement value of the <br /> each property. The Lender' s interest shall be protected in <br /> accordance with a mortgagee' s clause in form and content <br /> satisfactory to the Lender. <br /> b, Borrower shall keep the buildings, structures, fixtures, <br /> personal property and other improvements now existing or <br /> hereafter erected or placed on the Land insured against loss <br /> by fire, perils of extended coverage, and such other hazards, <br /> casualties and contingencies as are typically covered by a <br /> "special form" policy of insurance. The Borrower shall insure <br /> the Project for the full replacement cost thereof , with <br /> coverage for demolition and increased costs of construction, <br /> 4 <br />