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Mortgage, Assignment of Rents, Security Agreement and Fixture Filing Page 29 8.2 Additional Indebtedness. The covenants, representations, warranties and indemnities referenced in Section 8.1 above shall survive any foreclosure of this Security Instrument and any acquisition of title of Lender for any damages suffered for events or circumstances during Borrower’s period of ownership of the Property. The amount of all such indemnified loss, damage, expense or cost, shall bear interest thereon at the rate of interest in effect on the Project Note and shall become so much additional Indebtedness and shall become immediately due and payable in full on demand of the Lender, its successors and assigns. The indemnification contained herein shall be a personal monetary obligation of Borrower notwithstanding any provisions of this Security Instrument to the contrary that limit or exculp the personal liability of Borrower and/or require the Lender to look solely to the security of the Premises. 9. MISCELLANEOUS 9.1 Release of Security Instrument. When all Indebtedness has been paid, this Security Instrument and all assignments herein contained shall, except as otherwise provided herein, be void and this Security Instrument shall be released by the Governmental Lender at the cost and expense of Borrower. 9.2 Choice of Law. The parties to this instrument have contracted for Minnesota law to govern this instrument and it is agreed that this instrument is made pursuant to and shall be construed and governed by the laws of the State of Minnesota, without regard to the principles of conflicts of law. 9.3 Successors and Assigns. This Security Instrument and each and every covenant, agreement and other provision hereof shall be binding upon the Borrower and its successors and assigns including without limitation each and every from time to time record owner of the Premises or any other person having an interest therein, shall run with the land and shall inure to the benefit of the Governmental Lender and its successors and assigns. As used herein the words “successors and assigns” shall also be deemed to include the heirs, representatives, administrators and executors of any natural person who is or becomes a party to this Security Instrument. In the event that the ownership of the Premises becomes vested in a person or persons other than the Borrower, the Governmental Lender shall not have any obligation to deal with such successor or successors in interest unless such transfer is permitted by this Security Instrument and then only upon being notified in writing of such change of ownership. Upon such notification, the Governmental Lender may thereafter deal with such successor in place of Borrower without any obligation to thereafter deal with Borrower and without waiving any liability of Borrower hereunder or under the Project Note. No change of ownership shall in any way operate to release or discharge the liability of the Borrower hereunder unless such release or discharge is expressly agreed to in writing by the Governmental Lender. 9.4 Unenforceability of Certain Clauses. The unenforceability or invalidity of any provisions hereof shall not render any other provision or provisions herein contained unenforceable or invalid. 9.5 Captions and Headings. The captions and headings of the various sections of this Security Instrument are for convenience only and are not to be construed as confining or limiting in any