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for such periods and with policies in such form as may be <br /> required by the Mortgagee . <br /> c. Borrower shall maintain public liability insurance, including <br /> personal injury and property damage insurance, applicable to <br /> the real estate involved in each loan in such amounts as are <br /> usually carried by persons operating similar properties in the <br /> ,same general locality but. in any event with limits of <br /> liability not less than $1, 000 , 000 . 00 combined single limit , <br /> naming Lender as an additional. insured, and containing an <br /> agreement of the insurer that it will not cancel the policy <br /> except after thirty (30) days prior written notice to Lender. <br /> d. Borrower shall also maintain such other insurance shall be <br /> written, by a company or companies acceptable to Lender and <br /> shall contain such terms and conditions as required by Lender, <br /> in Lender' s sole discretion. <br /> All such insurance shall be written by a company or companies <br /> acceptable to Lender and shall contain such terms and conditions as <br /> required by Lender, in Lender' s sole d:� scretion. <br /> 7 . CLOSING SUBMITTALS. No later than ten business days prior to the <br /> .......... <br /> Closing Late (hereinafter defined) , Borrower shall submit the <br /> following to Lender, all of which must be acceptable to the Lender, <br /> in the Lenders sole, discretion: <br /> a. Satisfactory evidence of acceptable zoning, proof of permits <br /> necessary for the commencement and completion of the Project <br /> (including, but not limited to, any permits needed from the <br /> City of Elk River, the County of Sherburne, the State of <br /> Minnesota, any watershed district in which the Project is <br /> located, and the Army Corps of Engineers) . <br /> b. Satisfactory evidence that the Project has direct and free <br /> access to, a publicly dedicated street . <br /> c. A Uniform Commercial Code search and a state: and federal tax <br /> lien and bankruptcy search against Borrower and Guarantors. <br /> The: searches shall be certified by a reporting service <br /> acceptable to Lender and shall be free of any judgments, <br /> interest or liens that may adversely affect the collateral. <br /> securing each loan. <br /> d. Owner' s Duplicate Certificate of Title covering the Project, <br /> if any. <br /> 5 <br />