7.5. SR 07-15-2013 - Laserfiche WebLink

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Indebtedness Secured Hereby then most remotely to be paid, whether due or not, without application of any prepayment premium or shall be returned to Mortgagor as its interest may appear, the choice of application to be solely at the discretion of Mortgagee. ARTICLE FIVE RIGHTS OF MORTGAGEE SECTION 5.1: Right to Cure Default. If the Mortgagor shall fail to comply with any of the covenants or obligations of this Mortgage,the Mortgagee may,but shall not be obligated to,without further demand upon Mortgagor, and without waiving or releasing Mortgagor from any obligation in this Mortgage contained, remedy such failure, and the Mortgagor agrees to repay upon demand all sums incurred by the Mortgagee in remedying any such failure, together with interest on all such sums advanced at a rate equal to that then in effect under the terms of the Note. Mortgagee shall give Mortgagor at least thirty (30) days notice of the failure to comply prior to the Mortgagee taking remedial action, but Mortgagee's failure to give any such notice shall have no effect on Mortgagor's obligation to repay Mortgagee for any sums advanced together with interest thereon. All such sums, together with interest as aforesaid, shall become so much additional Indebtedness Secured Hereby, but no such advance shall be deemed to relieve the Mortgagor from any failure hereunder. SECTION 5.2: No Claim Against the Mortgagee. Nothing contained in this Mortgage shall constitute any consent or request by the Mortgagee, express or implied, for the performance of any labor or services or for the furnishing of any materials or other property in respect of the Property or any part thereof, nor as giving the Mortgagor or any party in interest with Mortgagor any right, power or authority to contract for or permit the performance of any labor or services or the furnishing of any materials or other property in such fashion as would create any personal liability against the Mortgagee in respect thereof or would permit the making of any claim that any lien based on the performance of such labor or services or the furnishing of any such materials or other property is prior to the lien of this Mortgage. SECTION 5.3: Inspection. Upon reasonable prior notice to Mortgagor,Mortgagor will permit the Mortgagee's authorized representatives to enter the Property for the purpose of inspecting the same; provided the Mortgagee shall have no duty to make such inspections and shall not incur any liability or obligation for making or not making any such inspections. SECTION 5.4: Waivers; Releases; Resort to Other Security; etc. Without affecting the liability of any party liable for payment of any Indebtedness Secured Hereby or performance of any obligation contained herein and without affecting the rights of the Mortgagee with respect to any security not expressly released in writing, the Mortgagee may, at any time, and without notice to or the consent of the Mortgagor or any party in interest with the Property or the Note (a) release any person liable for payment of all or any part of the Indebtedness Secured Hereby or for performance of any obligation herein, (b) make any agreement extending the time or otherwise altering the terms of payment of all or any part of the Indebtedness Secured Hereby or modifying or waiving any obligation, or subordinating, modifying or otherwise dealing with the lien or charge hereof, (c) accept any additional security, (d) release or otherwise deal with any property, real or personal, including any or all of the Property, including making partial releases of the Property; or (e) resort 171419v1 26