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(8) there are no actions, suits, or proceedings pending or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any property of the Borrilower in any court or before any federal, state, municipal or other governmental agency, which, if decided adversely to the Borrower would have a material adverse effect upon the Borrower or upon the business or properties of the Borrower-, and the Borrower is not in default with respect to any order of any court or governmental agency; (9) the Borrower is not in default in the payment of the principal of or interest on any indebtedness for borrowed money nor in default under any instrument or agreement under and subject to which any indebtedness for borrowed money has belen issuied; (10) the Borrower has filed all federal and state 'income tax returns which, to the knowledge of the officers of the Borrower, are required to be filed. and has paid all taxes shown on said returns and all assessments and governmental charges received by the Borrower to the extent that they have become due-, (11) no public official of the City has either a direct or indirect financial interest in this Agreement nor will any public official either directly or indirectly benefit financially from this Agreement; (1 2) the Borrower has approved the terms and clonditions of the Note, (13) the financial 'Information supplied to the Lender truly and completely discloses the financial condition of the Borrower as of the date of such information, and there have been no material adverse changes in the financial condition of the Borrower subsequent to the date of the most recent financial statement supplied to Lender; (1 4) this Agreement, the Mortgage, the Security Agreement and the documents and agreements relating to the foregoing, when executed and delivered by the Borrower,, constitute legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms (subject, as to enforceability, to limitations resulting from bankruptcy, insolvency, and other similar laws affecting creditors' rights generally),-I (15) no proceeds of the Note will be used to finance portions of the Project used for any religious purpose-, (16) that, for so long as the Note is outstanding-, (a) the Borrower shall not impose any qualifications related to religious beliefs on any of its teaching faculty or staff' and shall not consider an appilicant's religious beliefs when hiring teaching faculty or staff (exicept to the extent based on a bona fide occupational qualification); (b) the Borrower's core curriculum shall, include 'instruction in Subjects and in a manner generally consistent with the compulsory 'instruction report issued by the Minnesota Department of Children, Fan-lilies and Learning-, 2144817v1 7