Title Documents submission

3571 5e60195 subject and subordinate to future principal advances exceeding the maximum principai amount set forth in the recorded mortgage only to the extent same are assessed after the date an amended or modified mortgage is recorded setting forth such increased maximum principal amount. The Committee of Managers, within sixty (60) days after receiving a written request therefor, shail provide to any Proprietor or any party designated by any Proprietor, a statement setting forth the annual taxes assessed by the Committee of Managers upon said Proprietor, the payment status of same, whether any Tax Lien exists upon the Proprietor's Benefitted Lands and, if such a Tax Lien does exist, the amount necessary to pay same in full. In addition, upon the written request of a Proprietor, the Committee of Managers shall provide a copy of any notice of assessment or Tax Lien relating to the Benefitted Lands of the Proprietor to any institutional first mortgagee holding a mortgage lien upon the Benefitted Lands of such Proprietor. The Committee of Managers shall have the right, but not the obligation, to adopt such additional procedures and regulations as the Committee of Managers believes to be desirable to provide necessary assurances and protections to institutional mortgagees and seller financed purchase money mortgagees in a manner consistent with this First Amendment to Indenture. TWELFTH: THAT regular taxes be assessed against each Proprietor (a) at the rate of Ten Dollars ($10.00) per acre of all Benefitted Lands of such Proprietor rounded to the nearest full acre, plus (b) an amount equal to the overall regular tax assessment established by the Committee of Managers above the portion of such tax assessment that such Ten Dollars ($10.00) per acre tax assessment against the Benefitted Lands will cause to be paid, multiplied by a fraction, the numerator of which is the assessment actually set forth on the tax records of the Township of West Orange for a 13