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opportunity to completely read and ask questions of the City concerning the terms of this Agreement and <br />attached Exhibits and documents and that Borrower fully understands and voluntarily accepts those terms. <br />Article IV - Conditions of Lending <br />The obligation of the City to make the Loan shall be subject to the fulfillment to the City's <br />satisfaction on the Execution Date of each of the following requirements set forth in Section 4.01 through <br />Section 4.06. <br />Section 4.01 Execution and Delivery of Loan Documents <br />Borrower shall cOmply wi <br />Date until. the,. Loan has been fu�1� <br />otherwise comments in writing <br />Covenants <br />ollowing covenants set forth in this article from the Execution <br />E-to the City, including any interest obligation, unless the City <br />debtedness <br />the principal and interest and any other amounts due on any other <br />by Borrower to the City or any other lender. <br />Section 5.02 Maintain and Insure Property <br />During the term of this Agreement, Borrower shall maintain insurance policies and submit copies <br />of same to City, providing general liability coverage, property coverage (fire and extended coverage hazard <br />or special form insurance policy), builders risk coverage (if applicable), workers' compensation insurance, <br />and such other insurance reasonably required by the City and its attorneys in amount sufficient to avoid any <br />significant out-of-pocket payment by borrower in the event of a reasonably insurable loss (except a <br />reasonable deductible). The aforementioned insurance shall be issued by companies reasonably satisfactory <br />to the City with language specifically indicating that the City is an "additional insured" and/or "loss payee," <br />as appropriate to the type of coverage, and that any insurance proceeds will be paid to the City. <br />Page 7 of 30 <br />