Extract to table

Capitalized terms used but not otherwise defined in this Borrower's Closing Certificate and Secretary's Certificate (this "Certificate") shall have the respective meanings ascribed to such terms in the Loan Agreement

The lender's ALTA title insurance policy shall be issued in the amount of Forty-Five Million and No/100 Dollars ($45,000,000) and shall be effective as of the date of recordation of the Deed of Trust

Upon full disbursement of the Loan, the loan-to-cost ratio shall be as follows: Loan Amount / Total Project Cost = $45,000,000 ÷ $57,000,000 = 78

The origination fee shall be paid on or before March 29, 2024, in immediately available funds

(f) Reimbursement of Lender's Counsel Fees: The Borrower shall reimburse the Lender for all reasonable fees and expenses of the Lender's counsel, Hargrove, Liddell & Pace LLP, incurred in connection with the negotiation, documentation, and closing of the Loan, provided that such reimbursement shall be capped at One Hundred Seventy-Five Thousand and No/100 Dollars ($175,000)

The Borrower shall maintain all required insurance coverage continuously throughout the term of the Loan and shall promptly deliver to the Lender evidence of any renewals, replacements, or modifications of such coverage