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all Net Proceeds (as defined in the Note) from the Property into a separate bank account with an institution designated by the holder of the Note, which account will be known as the "Westover Subaccount of the Special Allocation Fund." The City's obligations under this Section are expressly contingent on the condition precedent set forth in Section 20 hereof. Section 12. Developer's Continuing Obligations with Respect to the Acquired Property and the Property. (a) For ten years after the acquisition by the Commission of the Acquired Property, or, if sooner until the Developer reacquires title to the Acquired Property, Developer shall be responsible, at its sole cost and expense, for the following: (i) maintaining the Acquired Property in full compliance' with all applicable codes, ordinances, laws, r~les and regulations, including, without limitation, planting it with grass, trimming such grass, and keeping the Acquired Property free of weeds, brush, litter, debris, trash, building materials and standing water; and (ii) continuously maintaining liability insurance for the Acquired Property in amounts not less than $1,000,000.00 per occurrence for bodily injury, death and property damage, with full extended coverage, naming the City and the Commission as insureds, which insurance shall be in form and substance satisfactory to the Commission and the City, and shall provide that it will not be terminated without at least 30 days written notice to the Commission and the City, Developer hereby agreeing to deliver insurance policies to the City and the Commission at Closing, and thereafter on each renewal of a policy obtained by it for the Acquired Property. Failure of Developer to deliver any such policy shall be an event of default hereunder entitling the City and the Commission to the remedies provided herein. (iii) The Commission hereby grants Developer the right to enter onto the Acquired Property from time to time solely to the extent necessary to perform Developer's maintenance obligations hereunder. Developer hereby agrees (i) not to use the Acquired Property for any purpose, nor to do anything on or about the Acquired Property except for the performance of its maintenance obligations hereunder, (ii) not to permit any tenants of the Property or any other third parties to use the Acquired Property or to have access thereto, and (iii) not to store machinery or other property or allow any such machinery or Property to remain on the Acquired Property. STL-6313 - 8 -