7.5. SR 07-15-2013 - Laserfiche WebLink

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to any security agreements, pledges, contracts of guarantee, assignments of rents and leases or other securities, and exhaust any one or more of said securities and the security hereunder, either concurrently or independently and in such order as it may determine. SECTION 5.5: Rights Cumulative. Each right, power or remedy herein conferred upon the Mortgagee is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to Mortgagee, at law or in equity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the Mortgagee and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. No delay or omission by the Mortgagee in the exercise of any right, power or remedy arising hereunder or arising otherwise shall impair any such right, power or remedy or the right of the Mortgagee to resort thereto at a later date or be construed to be a waiver of any default or event of default under this Mortgage or the Note. SECTION 5.6: Subsequent Agreements. Any agreement hereafter made by the Mortgagor and Mortgagee pursuant to this Mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance. SECTION 5.7: Waiver of Marshaling. Mortgagor hereby waives any rights available with respect to marshaling of assets so as to require the separate sales of any portion of the Property, or as to require the Mortgagee to exhaust its remedies against a specific portion of the Property before proceeding against the other and does hereby expressly consent to and authorize the sale of the Property or any part thereof as a single unit or parcel. ARTICLE SIX EVENTS OF DEFAULT AND REMEDIES SECTION 6.1: Events Of Default. It shall be an "Event of Default" under this Mortgage if(a) the Mortgagor shall fail to pay any principal or interest due on the Note when and as the same become due (whether at the stated maturity or at a date fixed for any installment payment or any accelerated payment date or otherwise); or (b) the Mortgagor shall fail to pay when due any other Indebtedness Secured Hereby; or(c) the Mortgagor shall, except as to defaults under(a), (b) above, after 30 days prior notice from Mortgagee, fail to comply with or perform any other term, condition or covenant of the Note, this Mortgage,the Agreement or any other instrument securing the Note; or (d) the Mortgagor shall sell, convey, transfer, further mortgage or encumber or dispose of the Property, or any part thereof, or any interest therein, or agrees so to do, except in accordance with the terms of this Mortgage; or (e) the Mortgagor shall make an assignment for the benefit of its creditors, or shall admit in writing its inability to pay its debts as they become due, or shall file a petition in bankruptcy, or shall be adjudicated a bankrupt or insolvent, or shall file a petition seeking any reorganization, dissolution, liquidation, arrangement, composition,readjustment or similar relief under any present or future bankruptcy or insolvency statute, law or regulation or shall file an answer admitting to or not contesting the material allegations of a petition filed against it in such proceedings, or shall not within sixty (60) days after the filing of such a petition have the same dismissed or vacated, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of a material part of its properties, or shall not within sixty (60) days after the 171419v1 27