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4 <br />EL185\81\983265.v1 <br />due diligence and Mortgagor shall promptly after final determination thereof pay the amount of <br />any such levy, lien or Imposition so determined, together with all interest and penalties, which <br />may be payable in connection therewith. Notwithstanding the provisions of this Section, <br />Mortgagor shall, and Mortgagee may (but shall have no obligation to), pay any such levy, lien or <br />Imposition notwithstanding such contest if in the reasonable opinion of Mortgagee, the <br />Mortgaged Property is in jeopardy or in danger of being forfeited or foreclosed. <br /> <br />1.5. Maintenance and Repairs; Inventory. Mortgagor agrees that it will keep and <br />maintain (or cause to be kept and maintained) the Mortgaged Property in good condition and <br />repair, free from any waste or misuse, and will comply with all requirements of law, municipal <br />ordinances and regulations, restrictions and covenants affecting the Mortgaged Property and its <br />use, and will promptly repair or restore any buildings, improvements or structures now or <br />hereafter on the Mortgaged Property which may become damaged or destroyed. Mortgagor <br />further agrees that without the prior consent of Mortgagee it will not remove from the Mortgaged <br />Property any fixtures or any personal property that is included in the Mortgaged Property unless <br />the same is immediately replaced with like fixtures or personal property of at least equal value, <br />or is otherwise removable under Section 6.1 hereof; or expand any improvements on the <br />Mortgaged Property, erect any new improvements or make any material alterations in any <br />improvements which will materially alter the basic structure, materially and adversely affect the <br />market value or materially change the existing architectural character of the Mortgaged Property. <br />Mortgagor agrees that it will complete within a reasonable time any buildings now or at any time <br />in the process of erection on the Mortgaged Property. Mortgagor agrees not to acquiesce in any <br />rezoning classification, modification or restriction affecting the Mortgaged Property without <br />Mortgagee’s prior written consent. Mortgagor agrees that it will not abandon the Mortgaged <br />Property. Upon request of Mortgagee, Mortgagor shall deliver to Mortgagee an inventory in <br />detail reasonably acceptable to Mortgagee of any personal property owned by Mortgagor that is <br />included in the Mortgaged Property pursuant to the terms hereof together with a certification by <br />Mortgagor that said inventory is a true and complete schedule of the personal property to be <br />included in the Mortgaged Property pursuant to the terms hereof. Such inventory shall list any <br />conditional sales contracts and other title retention arrangements to which such personal property <br />may be subject. <br /> <br />1.6. Insurance. <br /> <br />(a) So long as the Obligations remain unpaid, Mortgagor shall, at its own cost, <br />maintain or cause to be maintained with insurers of recognized responsibility acceptable <br />to Mortgagee the following insurance: <br /> <br />(i) hazard and fire insurance on the improvements now existing or <br />hereafter constructed on the Land insuring against loss by fire, hazards included <br />in the term “extended coverage,” loss by vandalism or malicious mischief, and <br />such other hazards, casualties and contingencies as may be required by <br />Mortgagee, on the basis of replacement cost without a coinsurance clause, in an <br />amount equal to the full replacement cost thereof (without deduction for <br />depreciation) or such additional amounts and for such periods as may be required <br />by Mortgagee; <br />Page 66 of 124