6.5. EDSR 08-20-2018 - Laserfiche WebLink

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533940v3 GAF EL185-57 -3- Borrower agrees to commence construction of the Improvements promptly after the Closing Date and to carry on continuously, diligently and with reasonable dispatch the construction of the Improvements to full and final completion. The proceeds of the Original Loan financed the construction of certain other energy efficiency improvements to the Loan Property. 3. Borrower’s Deliverables. Borrower covenants and agrees to immediately cause the compliance with the following conditions, which full and timely compliance is a condition precedent to Lender’s obligations under this Agreement: (a) Note. Deliver to Lender the Note. (b) Security Agreement. Deliver to Lender the Security Agreement. The Security Agreement was executed in connection with the Original Loan and remains in full force and effect. (c) Guaranties. Deliver to Lender the Guaranties. (d) Mortgage. Deliver to Lender the Mortgage, together with evidence that the Mortgage has been or will be duly filed for record. (e) Organizational Documents and Resolutions - Borrower. Deliver to Lender copies of: (i) the Articles of Incorporation for Borrower, certified by the Minnesota Secretary of State, (ii) a certificate of good standing for Borrower issued by the Minnesota Secretary of State; (iii) the bylaws for Borrower; and (iv) a certified copy of resolutions of Borrower authorizing the execution and delivery of this Agreement, the Note, the Security Agreement, and any other document to be executed by Borrower pursuant to this Agreement. (f) Insurance. Deliver to Lender: (i) a certificate or policy for all insurance required, under the terms hereof or of the Mortgage, to be maintained by Borrower; and (ii) evidence that no part of the Loan Property is located in an area designated as being a flood plain or flood hazard area as defined by the Flood Hazard Boundary Map published by the Federal Insurance Administration. (g) Compliance With Laws, Etc. Deliver to Lender such evidence as Lender may require as to the compliance of the Loan Property and the Improvements with: (i) all applicable laws, codes, rules, regulations and ordinances, including, without limitation, those relative to environmental protection, protection of wetlands, building and zoning matters and the Americans with Disabilities Act; and (ii) the requirements of any restrictive covenants, conditions and restrictions; conditional use permit and/or planned unit development applicable to the Loan Property.