5. EDSR 07-15-2013 - Laserfiche WebLink

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released, satisfied or discharged or bonded to Lender's satisfaction within thirty (30) days of entry. (d) Any of the terms, covenants or conditions of any permit or other agreement issued or made by the City or other governmental body having jurisdiction over the Loan Property, including, but not limited to, those relating to the cost of or time for installation of the Improvements, are not complied with within the time required thereby or are terminated or modified by the City or such other governmental body and Borrower has not taken the necessary steps to correct or cure the same within thirty (30) days after written notice is given by Lender. (e) Any mechanic's or material supplier's lien is filed, against the Loan Property and is not released, satisfied or discharged or bonded to Lender's satisfaction, subject, however, to Borrower's right to contest the same in accordance with the provisions of the Mortgage. (f) A transfer which violates by Paragraph 9 hereof, Encumbrances and Transfer,occurs. (g) Borrower: (i) fails to pay any amount due under this Agreement, the Note, the Mortgage, or the Prior Mortgage Documents when due; (ii) fails to perform any other obligation to be performed under this Agreement, the Note, the Mortgage, the Prior Mortgage Documents or any other document executed by Borrower pursuant to this Agreement; or (iii) fails to pay any amount or perform any obligation under any other note, mortgage or other agreement now or hereafter made by Borrower in favor of or with Lender or otherwise now or hereafter held by Lender or the Prior Mortgage mortgagee, and such failure continues beyond any applicable cure period. (h) Borrower fails to timely: (i) purchase the Equipment; (ii) timely take delivery of the Equipment as set forth in Section 3 above; or (iii) provide Lender any information necessary for Lender to perfect its security interest. (i) Any representation or warranty by Borrower contained herein or in the Note, the Mortgage, the Prior Mortgage Documents or any other instrument required hereunder is false or untrue in any material respect when made. Upon the occurrence of an Event of Default, Lender, at its option, shall, in addition to any other remedies which it might be entitled to by law, have the right to: (1) To refrain from making advances under this Agreement and/or to require Title to return advances of Loan proceeds held by Title; (2) To enter into possession of the Loan Property and perform any and all work and labor necessary to complete the Improvements substantially as -9-