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D. The'BORROWER (of any entity succeeding to the :interest of the -BORROWER liereunder) hereby agrees .to pay, <br />indeinnifj and' hold GEM LAKE and WBL hanniess: from any and alb costs and expenses (including .reasonable <br />attorney% fees) incurred by GEM -LAKE or W B1,, whether or not any proceeding has been .filed. <br />E. .In the event of foreclosure of any mortgage given by BORROWER in connection with the refinancing of the Bonds or any <br />subsequent financing or transfer -of -title by deed in lieu of.foreclosure ofsme, this AMENDED DECLARATION -Sball <br />autcnnaticallytenninate, but on] if as a result such foreclosure. or deed in Lieu, neither. the BORROWCR.nor a related <br />person {as defined in 1. I..4�= l.0(c) of tlse.'I reas.ury Regulations} nor Kelly Brothers liivestments.nor a [elated person toKellj+ <br />Brothers Investments (as defined in an ownership interest in the <br />PR..O!ECT for purposes of federal income taxation. <br />F. This AMENDED DECLARATION :may not be amerided-without.the written..consenf ofthe BORROWER, GEM <br />LAKE; and WBL. <br />(The remainder of this page is intentionally left blank.) <br />