6.5. EDSR 08-20-2018 - Laserfiche WebLink

Home Browse Search

533940v3 GAF EL185-57 -6- permit or agreement issued or made by the City or other governmental body having jurisdiction over the Loan Property and the Construction Contracts and any other contracts obtained or held by Borrower in connection with the construction or operation of the Improvements; and to enforce the prompt performance of all of the terms, covenants and conditions to be kept and performed by the City or other governmental body having jurisdiction over the Loan Property, respectively, under any permits or agreements issued or made by the City or such other governmental bodies, or by any design professional, the general contractor and any other contractors under all contracts obtained or held by Borrower in connection with construction or operation of the Improvements. (b) Amendment, Etc. of Documents. Not amend, cancel, terminate, supplement or waive any of the material terms, covenants and conditions of any permit or agreement issued or made by the City or any other governmental body having jurisdiction over the Loan Property, or any other contracts obtained or held by Borrower in connection with the construction or operation of the Improvements or any contracts, documents or agreements referred to herein without the prior written approval of Lender. Borrower will provide to Lender complete documentation concerning any change made to the Project. (c) Performance of Note, Security Agreement, Etc. Without limiting the foregoing, keep and perform all of the terms, covenants, conditions and requirements of the Note, the Security Agreement, and this Agreement. (d) Insurance. During the term of the Mortgage, Borrower shall procure and maintain or cause Corporate Guarantor to procure and maintain at each party’s sole expense casualty insurance, public liability insurance and such other types of insurance as are reasonably required by Lender from time to time, including, without limitation, the coverages expressly required by the Mortgage, insuring Lender and Borrower with coverages, in amounts and with companies satisfactory to Lender. The policy or policies or duly executed certificate or certificates for such insurance and renewals or replacements thereof shall be deposited with Lender. (e) Pay Charges. Immediately pay all loan charges including, but not limited to: (i) Lender’s reasonable attorneys’ fees up to Five Thousand and No/100 ($5,000.00) Dollars for the preparation of the Loan documents; (ii) title insurance fees, costs and premiums; (iii) mortgage registration taxes and filing fees of the Mortgage and any other instruments required under this Agreement. (f) Copies of Plans, Contracts, etc. Furnish Lender from time to time as reasonably requested by Lender, copies of the any plans and specification and any contracts relating to the Improvements, together with estimated costs of such Improvements. (g) Title. Except as specifically set forth herein, as of the Closing Date Borrower owns a fee title interest in the Loan Property and owns or within