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(e) COMPLIANCE WITH LAWS. To Borrower's reasonable knowledge; Borrower is in compliance in all material respects with all local, state, and federal laws; rules, regulations, orders and decrees which are applicable to the Property or to Borrower in relation thereto ("Applicable Law") including without limitation, all environmental, health and safety, and employment laws. Borrower has received no notice from any governmental authority regarding any threatened or pending zoning, building, fire, or health code violation, or violation of other governmental regulations concerning the Property that has not been corrected, and no condition on the Property violates any Applicable Law. (f) DISCLOSURE. No representation or warranty made by Borrower in this Agreement or in the Loan Documents contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein not misleading. There is no fact known to Borrower which has or might reasonably be anticipated to have a material adverse effect on the assets or financial condition of Borrower which has not been disclosed to Lender in writing. ARTICLE IV AFFIRMATIVE COVENANTS 4.1 USE OF FUNDS. Borrower covenants that the Loan Proceeds will be used solely for the purpose set forth in Section 2.1. Borrower acknowledges and agrees that no portion of the Loan Proceeds shall be disbursed to Borrower, and that Borrower shall not have direct possession or control over the Loan Proceeds. 4.2 PUNCTUAL PAYMENT. Borrower covenants to punctually pay the principal balance of the Loan and interest (if any) accrued thereon at the times and place and in the manner specified in the Agreement. 4.3 ACCOUNTING RECORDS; PROPERTY INSPECTION. Borrower covenants to maintain accurate books and records relating to the Loan in accordance with standard accounting principles consistently applied, and to permit the Lender, during business hours and upon reasonable notice to inspect, audit, and examine such books and records, and to inspect the Property during normal business hours upon reasonable notice to ensure compliance with this Agreement. 4.4 COMPLIANCE WITH LAWS. Borrower covenants to comply with all federal, state, and local laws, regulations, ordinances and rules applicable to the Property. Without limiting the generality of the foregoing, Borrower shall comply with all applicable requirements of state and local building codes and regulations, and all applicable statutes and regulations relating to accessibility for the disabled. 4.5 INSURANCE. Borrower shall maintain and keep in force at Borrower's expense insurance coverage with respect to the Property in accordance with the requirements set forth in Exhibit D attached hereto and incorporated herein. 7