8447-93 Authorizing Economic Development Revenue (P.A.I. Properties $450,000)

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of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Mortgage and such instruments of further assurance. Section 3 .4 . Further Assurances; After-acquired Property. (a) The Borrower will do, execute, acknowledge and deliver, or cause to be done, executed, acknowledged and delivered, all such further acts, deeds, conveyances, mortgages, assignments, transfers and assurances as the Issuer or Trustee reasonably may require for the better assuring, conveying, mortgaging, assigning and confirming unto the Issuer and the Trustee all and singular the Mortgaged Property as now or hereafter constituted. (b) All right, title and interest of the Borrower in and to all improvements, betterments, renewals, substitutions and replacements of, the Mortgaged Property or any part thereof, hereafter constructed or acquired by the Borrower immediately upon such construction or acquisition, without any further mortgaging, conveyance or assignment, shall become and be part of the Mortgaged Property and shall be subject to the lien and security interest of this Loan Agreement as fully and completely and with the same effect as though now owned by the Borrower, but at any and all times the Borrower will execute and deliver to the Issuer any and all such further assurances, mortgages, conveyances or assignments therefor and other instruments with respect thereto as the Issuer may reasonably require for the purpose of expressly and specifically subjecting the same to the lien and security interest of this Loan Agreement. Section 3 .5. Financial Statements, Etc. The Borrower covenants that it will keep proper books of record and account in which full, true and correct entries will be made of all dealings or transactions of or in relation to the business and affairs of the Borrower, in accordance with generally accepted principles of accounting consistently maintained, and will furnish to the Issuer and the Trustee, and also to any holder of Bonds (or to the accountants or agents of such holder) who shall request the same in writing and who at the time of such request shall hold Bonds in the aggregate amount of $50, 000 or more, within ninety (90) days after the last day of each fiscal year of the Borrower, the financial report of the Borrower for such fiscal year prepared on a review basis, together with a separate written statement of the Borrower certifying that the Borrower has no knowledge of any default by the Borrower in the fulfillment of any of the terms, covenants, provisions or conditions of this Loan Agreement, or, if the Borrower shall have knowledge of any such default or defaults, it shall disclose the same and the nature thereof. Borrower shall also furnish to the Trustee and the Issuer, and also to any holder -16-