In the event of any Optional Repayment or Mandatory Repayment with respect to a Financed Rental Property, upon receipt of the applicable Repayment Amount and other amounts due in connection therewith, as provided in Section 3(e) or Section 3(f), as applicable, if such Financed Rental Property is encumbered by a Mortgage, such Financed Rental Property (a “ Released Property ”) shall be automatically released by Lender from the applicable Mortgage Documents and related Lien without any further action of the applicable Borrower, provided , that (i) the applicable Borrower may deliver to Lender a release (and, in the event the related Mortgage and the Assignment of Leases and Rents encumbers other Financed Rental Properties in addition to the Released Property, such release shall be a partial release that relates only to the Released Property and does not affect the Liens and security interests encumbering or on the other Financed Rental Properties) in form and substance appropriate for the jurisdiction in which such Released Property is located and shall contain standard provisions protecting the rights of Lender, which release shall be promptly executed by Lender, (ii) Borrowers shall pay all costs, taxes and expenses associated with such release (including cost to file and record the release and Lender’s reasonable attorneys’ fees) and (iii) such Released Property is a separate legal parcel from the property remaining encumbered by Mortgages.