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required under this Agreement and to do all things necessary or incidental <br /> thereto; <br /> (3) To perform such other acts or deeds which reasonably may be necessary to <br /> cure any default existing under this Agreement, and to this end, it is <br /> hereby agreed as follows: <br /> (i) All sums expended by Lender in effectuating its rights under <br /> Subparagraphs (2) and (3) of this Paragraph shall be deemed to <br /> have been advanced under this Agreement and to be secured by the <br /> Mortgage and any other security document required under this <br /> Agreement as security for the Loan. <br /> (ii) Borrower hereby constitutes and appoints Lender its true and <br /> lawful attorney-in-fact with full power of substitution either in the <br /> name of Lender or in the name of Borrower or in the name of both, <br /> for the following purposes: (a) to purchase the Equipment or to <br /> complete the Improvements or cause the same to be completed; to <br /> use the plans and specifications; to make such additions, changes <br /> and corrections in the plans and specifications as Lender <br /> reasonably shall deem necessary or desirable; to collect and use <br /> any funds of Borrower; to use any funds which may remain <br /> unadvanced under this Agreement; to employ such contractors, <br /> subcontractors, agents, design professionals and inspectors and <br /> enter into such contracts and arrangements as Lender reasonably <br /> deems necessary for such purposes; to pay, settle or compromise <br /> all existing bills and claims which may be liens against the Loan <br /> Property or as may be necessary or reasonably desirable for the <br /> completion of the Improvements or clearance of title; to execute all <br /> applications and certificates in the name of Borrower; to prosecute <br /> and defend all actions or proceedings in connection with the <br /> construction of the Improvements on, or any other matter relating <br /> to, the Loan Property or the Equipment and do any and every act <br /> which Borrower might do in its own behalf; (b) to enforce by any <br /> means that Lender then reasonably deems necessary or advisable, <br /> all of the terms, covenants and conditions of any permit or <br /> agreement issued by the City or any other governmental body <br /> having jurisdiction over the Loan Property or the construction <br /> contracts or any other contracts obtained or held by Borrower in <br /> connection with the construction of and any other contracts; (c) to <br /> perform each of the terms, covenants and conditions to be kept and <br /> performed by Borrower under any permit or authorization issued <br /> by the City or any other governmental body having jurisdiction <br /> over the Loan Property or the construction contracts or any other <br /> contracts and/or leases obtained or held by Borrower in connection <br /> with the construction or operation of the Improvements, and any <br /> -10- <br />