4.6. SR 08-20-2018 - Laserfiche WebLink

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Borrower agrees to commence construction of the Improvements promptly after the Closing Date and to carry on continuously, diligently and with reasonabledispatch 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.\[Title Insurance . __________ ("Title"), is designated as the title insurer with respect to this Agreement. Title will insure Lender against loss or damage on account of mechanic's liens upon or unmarketability of the title to the Loan Property, and will insure that the Mortgage constitutes a lien upon Corporate Guarantor’s interest in the Loan Property, , as contemplated by this Agreement. Borrower agrees to promptly and fully observe and comply with the reasonable requirements of Title and Lender with respect to the title, the Mortgage, disbursements of funds and such other reasonable requirements as Title may make.\] 4.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)Title Insurance Policy. Deliver to Lender a Mortgagee's title insurance policy ("Title Policy"), from Title issued to Lender in the amount of the Note with respect to the Mortgage and insuring that the Mortgage is a lien on the Loan Property free and clear of all mechanic's liens, materialmen's liens, taxes, special assessments, rights of parties in possession; (f)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. (gf)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 533940v3 GAF EL185-57533940v3 GAF EL185-57 -3-