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<br />Mortgage, Assignment of Rents, <br />Security Agreement and Fixture Filing <br />Page 20 <br /> <br />under this Security Instrument, the Project Note, or other documents securing the Project Note; (d) <br />Governmental Lender shall have received an M.A.I. Appraisal in form and content acceptable to <br />the Governmental Lender which indicates that the appraised value of the Premises after such <br />restoration or repair shall not have been reduced from its appraised value as of the date hereof; (e) <br />tenants under leases of the Premises which are acceptable to the Governmental Lender certify to <br />the Governmental Lender their intention to occupy the Premises without any abatement or <br />adjustment of rental payments (other than temporary abatements during the period of restoration <br />and repair); (f) no mechanics’ or other liens of any nature shall exist or be created; (g) Borrower <br />shall be responsible for and shall have deposited with Governmental Lender in advance such sums <br />as are necessary to cover any shortfall between the actual cost to repair or restore and the amount <br />of such insurance proceeds; (h) all fees and expenses incurred by Governmental Lender in <br />connection with the disbursement of the insurance proceeds shall be paid by Borrower; and (i) <br />Governmental Lender shall have no obligation to make insurance proceeds available for repair or <br />restoration during the 365 days prior to the Maturity Date; provided, however, Governmental <br />Lender may, in its sole discretion, make insurance proceeds available during such time if Borrower <br />provides evidence satisfactory to Governmental Lender in its sole discretion that (i) such repairs <br />or restoration can be completed by the Maturity Date and (ii) there are sufficient insurance <br />proceeds available to cover the cost of any such repairs or restoration. <br />5. <br />LEASES AND RENTS <br />5.1 Assignment of Leases and Rents. As additional primary security for the Indebtedness, the <br />Borrower does hereby unconditionally and absolutely sell, assign and transfer unto the <br />Governmental Lender all of the leases, rents, issues, income and profits now due and which may <br />hereafter become due under or by virtue of any lease, whether written or verbal, or any letting of, <br />or of any agreement or license for the use or occupancy of the Premises or any part thereof, and <br />all benefits and advantages to be derived therefrom which may have been heretofore or may be <br />hereafter made or agreed to or which may be made or agreed to by the Governmental Lender under <br />the powers herein granted, it being the intention hereby to establish an absolute transfer and <br />assignment of all such avails, rents, issues and profits unto the Governmental Lender, provided the <br />Governmental Lender hereby grants a license to Borrower to collect all of the rents, but not prior <br />to accrual, and to retain, use and enjoy the same unless and until an Event of Default shall occur <br />and be continuing. Upon an occurrence and during the continuance of any Event of Default <br />hereunder, Governmental Lender may, in person, by agent or by a court-appointed receiver, <br />regardless of the adequacy of Governmental Lender’s security, enter upon and take and maintain <br />full control of the Premises in order to perform all acts necessary and appropriate for the operation <br />and maintenance thereof in the same manner and to the same extent as Borrower could do the <br />same, including without limitation the execution, enforcement, cancellation and modification of <br />leases, the collection of all rents, income and profits of the Premises, the removal and eviction of <br />tenants and other occupants, the making of alterations and repairs to the Premises, and the <br />execution and termination of contracts providing for management or maintenance of the Premises, <br />all on such terms as are deemed best by Governmental Lender to protect the security of this <br />Security Instrument. From and after the occurrence and during the continuance of any such Event <br />of Default, if any owner of the Premises shall occupy the Premises or part thereof such owner shall