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businesslike manner, shall pruoterrtly preserve: and protect its own as well as tlau City's <br />nnteacsts ill C1TrnrrLC'troal wwitln tlrc Property. shall not uotaunu.it or permit any waste or <br />deterioration of the Property (except for no rnnal wear and tear), shall riot abandon atny <br />portion of the Property or lctavc the Property unguarded or unprotected; and shall not <br />otherwise sect, or fail to act, 'ill such a way as to unreasonably inurease the risk of any <br />ohmage to the Prxoperty or of any othQr impairment of City's interests under tire Loan <br />Documents Without, hnlitirng; the generality of the foregoitng, and except as otherwise <br />agreed by City in writing; from time to tinnc, Developer shall promptly and fbithfiully <br />perform and observe each of the following provisions. <br />12.1.0 Alterations and Repair. Developer slroalt groat rcanaavc, cdernaolish or <br />axuateriAy alter any Improvement wvitltotrt City's prirrr eorlwelot, except to snake non- <br />structural repairs which poreservc or increase the i'roperty's value, and shalt praomptty <br />restore, 'its a good and professional ntannler, any Improvement (or othca aspect or portion <br />of the Property) thaal is dantage,d or destroyed Fiona any cause. <br />112 Conntoliance, Developer shall comply with all laws and requnenacnts rot' <br />Claovernmental Authority (including, without limitation, all requirements relating to the <br />obtaining of Cioveronent,al Authority approvals), all Governmental Authority aepprovols <br />arld all right", of third parties, relati.ng,'too Developer, the Property Or Duvcla;oper's business <br />thereon. <br />12.3 Taxes and Impositions. DevelopeF Aud l pay, prior to delinquency, <br />all of the fiollowvirng; (collectively, the "lrnnporsituons "'): (a) all gencrat and spacial real <br />property t,axr;s and a,,,swNsnnents imposed on the Property, (b) all other taxes and <br />aSti4stirn1ell1s and eliarges of every kind that are a;Ses.wd npaal the Propocrly` (or Upon th.C. <br />owner bald or operator of the Property) and that create or rnaay ereaate a lion upon the <br />Property (or upon. any personal property or fixtures rased ill connection with the Praopertyy <br />including„ ovithout limitation, noun- governmentaal levies and assessments pursuant oar <br />applicuble Covenants, conditions or rustdctions, and (c) alt liecn,,c Gecs, taxes and <br />aassessolnerlls imposed on City (other than City's income or franchise taxes) which are <br />measured by or based upon (ill whole or ill part) the amorist ofl�lne obhg;atioras sccurcol by <br />the Praopnc.rty. if permitted by hvv, Developer niaay pay any Imposition 'in installtncaats <br />(together wwith any accrued irnteres'G).. <br />12.1 3.1 Right to Contest. Dcvuloper shall not be leoquurcxd to pay arty <br />Imposition so long as (a) its validity is being, aaetdvely contested run good tinth and by <br />appropriate procceding;s, (h) Developer has demonstrated to City's reasoriaalvle satlstaaotio, n <br />that lcavinlg; such Imposition unpaid pending; the ontcarnae of such proceedings could not . <br />result in eoliveyan ce of the Property ill satisfsaction 01 sic o hronposition or otherwise <br />tnnpah- City's interests nn der the Loan I)oetrnnr *alts, and (c) DQveloper leas futnrslncol City <br />with a bond or other security satisfata,tory in an annnount not less than 10011 "0 of the <br />aapplieablC Ckliol (including interest and penaaltics). <br />1 2.1 t4 : Evidence of Payinesnt. Upon demand by City l'raonn <br />tine to tinne, Dcvcloper shall deliver to City, within thirty (30) clays fl lawwrrtg, the due <br />Clad: of any Imposition, evidence ol'panyrnenl reasonably satisfactory to City. <br />254-34 <br />