10210 EVERGREEN WAY 2018-01-01 MF Import

,., . (- � such amount to Lender on demand;provided that if any such payment would be unlawful, Lender may dxlare all accrued interest anti the entire principa]balance of the Note immedialely due and payable. If any 1aW,regulation or govemmental requirement applicable to Lender ar Borrower or the Properiy requires that all or any part of the Property be appiaised or reappraised,BoRower shall pay all costs of such appraisals and reappraisals on demand by Lender. Any sums not paid when due hereunder shall beaz interest at the lesser of the Default Rate under the Note,or the maximum rate permitted by law. II.3 Iussuans�• • (a) .o rag�Reaured. Borrower shall keep the following insucance coverages in effect with respect to the Property: (1) Insurance against loss by fire and the hazards now or hereafter embraced by the"All Risk"or special form of insurance,in an amount equal at all times to 100%of the replactment value of the Improvements. All such insurance coverage shall contain a replacement cost endorsement"without reduction for deprec'sation,and shall also ,� conta�n lass of rents and/or business interruption insurance coverge satisfactory to Lender, a fluctuating value endorsement with a waiver of the co-insurance clause(or an agreed amount endorsement with an inflation guard endorsement),and such other endorscments as Lender may reasonably request. All such endorsements shall be in [�rm and substance satisfactory to Lender. (2) Comprehensive public liability insurance against claims for bodily injury,deaih or property damage occurring on,in or about the Property in amonnts and on temis acceptable to the I,ender. Lender shali be an addi6onal insured on such liability policies. (3) Flood insurance in an amount sacisfactory to Lender and on terms satisfactory to Lender if the Property is lceated in a designated flood hazard azea, and such insurance is available pwsuant to the provisions of the ':ood Disaster Protection Act of 1973 or other applicable legislntion. (4) Insurance against such similar or other hazards, casualties, liabilities and contingencies, in such fottns and amounts as Lender may from time to time roasonably require. (b) pQlicies. Each insurance policy shall be from a company and in a form acceptable to Lender. Each hazacd insuranee policy will include a Form 438BF1J ar equivalent ma�tgagee endorsement in favor of and in fonn acceptable to Lender. All required policies�vill provide for at lcast thirty(30) days'written notice to Lender prior to the effective date of any cancellation or material change,which includes any reduction in the scope or limits of coversge. Boaower shall furnish to Lender the original of each required in�urance policy,or a certiYied copy tl+ereof'^gether wilh a certificate of insurance setting 8 I 98060 1 C9R4 �