6.5. EDSR 08-20-2018 - Laserfiche WebLink

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533940v3 GAF EL185-57533940v3 GAF EL185-57 -7- 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 sixty (60) days after the Closing Date will own all of the fixtures, trade fixtures, equipment, personal property and inventory located upon the Loan Property (along with the Loan Property, collectively, the “Collateral”) “free and clear,” that Lender will have a “first position” lien in the Collateral. (h) Program Covenants. At all times while any portion of the Loan remains outstanding, Borrower will: (i) maintain its status as a for profit entity; (ii) maintain a positive net worth; and (iii) will operate from the Loan Property. 13.12. Warranties. Borrower represents and warrants to Lender the following: (a) The Borrower is a corporation duly formed, validly existing and in good standing under the laws of the State of Minnesota. (b) The making and performance of this Agreement and the execution and delivery of the Note, the Mortgage and any other instrument required hereunder are within the powers of the Borrower and have been duly authorized by all necessary company action on the part of the Borrower. This Agreement and the Note, the Mortgage and any other instruments required hereunder have been duly executed and delivered and are the legal, valid and binding obligations of the Borrower enforceable in accordance with their respective terms. (c) No litigation, tax claims or governmental proceedings are pending or threatened against the Borrower or the Loan Property, and no judgment or order of any court or administrative agency is outstanding against the Borrower or the Loan Property which would have a material adverse effect on Borrower or the Loan Property. (d) Borrower has filed all tax returns (federal and state) required to be filed for all prior years and paid all taxes shown thereon to be due, including