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8 Error! Unknown document property name. Section 4.07. Additional Documents. Borrower will, upon the demand of the Lender, from time to time and at any time, deliver to the Lender updated and recertified copies of the Construction and Other Documents. Section 4.08. No Prior Liens. Borrower will not grant a security interest in, or create, permit to be created or allow to exist any liens, charges or encumbrances on the Project other than the Permitted Encumbrances as described on Exhibit B and other loans as described and permitted in any master disbursement agreement for the Project. Section 4.09. Books and Records. Borrower will establish and maintain accurate and complete books, accounts and records pertaining to the Project in manner acceptable to the Lender, Metropolitan Council, and Title. The Lender, Metropolitan Council, and Title, and their representatives, shall have the right but not the obligation, at all reasonable times to inspect, examine and copy all books and records of Borrower relating to the Project and to inspect all work done, labor performed and material furnished in or about the Project. Notwithstanding the foregoing, Borrower shall be responsible for making inspections to the Project during the course of construction and shall determine to its own satisfaction that the work done or materials supplied by all contractors have been properly supplied in accordance with the applicable contract. Borrower will hold the Lender and Metropolitan Council harmless and neither the Lender nor Metropolitan Council shall have and has no liability or obligation of any kind to Borrower or creditors of Borrower, in connection with any defective, improper or inadequate workmanship or material brought in or related to the Project, or any mechanic’s liens arising as a result of such workmanship or materials. Section 4.10. Changes in the Work. Borrower shall not permit changes in the Construction Plans reasonably estimated to cost in excess of $100,000.00 in any one subcontract or in excess of $500,000.00 under the overall Construction Contract without the Lender’s prior written approval, which approval will not be unreasonably withheld. If Borrower desires to make any change in the Construction Plans that alter or affect the site plan, exterior materials, colors or elevation of the structure, or signage, Borrower shall submit the proposed change to the Lender for its approval. The Lender shall reasonably approve or reject the proposed change and notify Borrower in writing within five (5) days after receipt of the notice of such change. The Lender shall approve any addition to the Project that complies with the requirements for the Construction Plans, provided Borrower shall update the Project Budget to account for the change and contribute sufficient additional funds to pay the Construction Costs attributable to the change. Section 4.11. Taxes and Assessments. Borrower shall pay and discharge, when due, all taxes, assessments and other government charges upon the Project, as well as claims for labor and materials which, if unpaid, might by law become a lien or charge upon the Project; provided, that any such taxes, assessments, charges or claims need not be paid so long as Borrower is contesting such payment in good faith by appropriate proceedings which avoid foreclosure of liens securing such items. Borrower and the Lender agree that, notwithstanding the foregoing, special assessments on the Premises arising out of improvements made thereon in connection with the development of the same will be paid by Borrower in annual installments and will be permitted encumbrances so long as the same are not delinquent. Section 4.12. Expenses of the Project. Borrower shall pay the following costs and expenses in connection with the Project: all hazard and liability insurance premiums, title insurance premiums and servicing fees, bond premiums, recording and filing fees, mortgage registration taxes and the fees and disbursements of counsel for the Lender in the exercise of any right or remedy available to it under this Agreement or otherwise by law or equity. Section 4.13. Evidence of Insurance. Borrower shall at all times maintain in effect and furnish the Lender with policies of and proof of payment of premiums on the insurance policies described in Article 1 hereof.