PROPERTY DESCRIBED THEREIN IN FAVOR OF THE ADMINISTRATIVE AGENT FOR THE
BENEFIT OF THE SECURED PARTIES AND THAT ALL FILING, DOCUMENTARY, STAMP,
INTANGIBLE AND RECORDING TAXES AND FEES HAVE BEEN PAID,
(B)
FULLY PAID AMERICAN LAND TITLE ASSOCIATION LENDER'S EXTENDED
COVERAGE TITLE INSURANCE POLICIES (THE "MORTGAGE POLICIES") IN FORM AND
SUBSTANCE, WITH ENDORSEMENTS AND IN AMOUNTS NOT LESS THAN $6.5 MILLION, ISSUED,
COINSURED AND REINSURED BY A TITLE COMPANY ACCEPTABLE TO THE ADMINISTRATIVE
AGENT, INSURING THE MORTGAGES TO BE VALID FIRST AND SUBSISTING LIENS ON THE
PROPERTY AND DESCRIBED THEREIN, FREE AND CLEAR OF ALL DEFECTS (INCLUDING, BUT
NOT LIMITED TO, MECHANICS' AND MATERIALMEN'S LIENS) AND ENCUMBRANCES, EXCEPTING
ONLY PERMITTED ENCUMBRANCES AND OTHER LIENS PERMITTED UNDER THE LOAN DOCUMENTS,
AND PROVIDING FOR SUCH OTHER AFFIRMATIVE INSURANCE (INCLUDING ENDORSEMENTS FOR
FUTURE ADVANCES UNDER THE LOAN DOCUMENTS, FOR MECHANICS' AND MATERIALMEN'S LIENS
AND FOR ZONING OF THE APPLICABLE PROPERTY) AND ON MATTERS RELATING TO FIRST LOSS
DOLLAR, CONTIGUITY, REVOLVING CREDIT, NON-IMPUTATION, PUBLIC ROAD ACCESS,
SURVEY, VARIABLE RATE, ENVIRONMENTAL LIEN, MORTGAGE RECORDING TAX, SEPARATE TAX
LOT, SO-CALLED COMPREHENSIVE COVERAGE OVER COVENANTS AND RESTRICTIONS, AND A
"TIE-IN" OR "CLUSTER" ENDORSEMENT, IF AVAILABLE UNDER APPLICABLE LAW (I.E.
POLICIES WHICH INSURE AGAINST LOSSES REGARDLESS OF LOCATION ON ALLOCATED VALUE
OF THE INSURED PROPERTY UP TO A STATED MAXIMUM COVERAGE AMOUNT) AND SUCH
COINSURANCE AND DIRECT ACCESS REINSURANCE AS THE ADMINISTRATIVE AGENT MAY DEEM
NECESSARY OR DESIRABLE,
(C)
AMERICAN LAND TITLE ASSOCIATION FORM SURVEYS, FOR WHICH ALL
NECESSARY FEES (WHERE APPLICABLE) HAVE BEEN PAID, AND DATED AS OF A DATE
ACCEPTABLE TO THE ADMINISTRATIVE AGENT, CERTIFIED TO THE ADMINISTRATIVE AGENT
AND THE ISSUER OF THE MORTGAGE POLICIES IN A MANNER SATISFACTORY TO THE
ADMINISTRATIVE AGENT BY A LAND SURVEYOR DULY REGISTERED AND LICENSED IN THE
STATE IN WHICH THE PROPERTY DESCRIBED IN SUCH SURVEYS IS LOCATED AND ACCEPTABLE
TO THE ADMINISTRATIVE AGENT, SHOWING ALL BUILDINGS
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AND OTHER IMPROVEMENTS, ANY OFF-SITE IMPROVEMENTS, THE LOCATION OF ANY
EASEMENTS, PARKING SPACES, RIGHTS OF WAY, BUILDING SET-BACK LINES AND OTHER
DIMENSIONAL REGULATIONS AND THE ABSENCE OF ENCROACHMENTS, EITHER BY SUCH
IMPROVEMENTS OR ON TO SUCH PROPERTY, AND OTHER DEFECTS, OTHER THAN ENCROACHMENTS
AND OTHER DEFECTS ACCEPTABLE TO THE ADMINISTRATIVE AGENT,
(D)
[RESERVED],
(E)
WITH RESPECT TO EACH PROPERTY TO BE SUBJECT TO A MORTGAGE, SUCH
AFFIDAVITS, CERTIFICATES, INFORMATION (INCLUDING FINANCIAL DATA) AND INSTRUMENTS
OF IDENTIFICATION (INCLUDING A SO-CALLED "GAP" INDEMNIFICATION) AS SHALL BE
REQUIRED TO INDUCE THE TITLE COMPANY TO ISSUE THE TITLE INSURANCE POLICY/IES AND
ENDORSEMENTS CONTEMPLATED ABOVE,
(F)
EVIDENCE REASONABLY ACCEPTABLE TO THE ADMINISTRATIVE AGENT OF
PAYMENT BY BORROWER OF ALL REQUIRED TITLE INSURANCE POLICY PREMIUMS, SEARCH AND
EXAMINATION CHARGES, ESCROW CHARGES AND RELATED CHARGES, MORTGAGE RECORDING
TAXES, FEES, CHARGES, COSTS AND EXPENSES REQUIRED FOR THE RECORDING OF THE
MORTGAGES AND ISSUANCE OF TITLE INSURANCE POLICIES REFERRED TO ABOVE,
(G)
WITH RESPECT TO THE REAL PROPERTY, COPIES OF ALL LEASES OR OTHER
AGREEMENTS RELATING TO POSSESSORY INTERESTS, IF ANY. TO THE EXTENT ANY OF THE
FOREGOING AFFECT ANY PROPERTY TO BE SUBJECT TO A MORTGAGE WITH RESPECT