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appointment without its consent or acquiescence of a trustee, receiver or liquidator of any material <br /> part of its properties have such appointment vacated; or (f) any representation or warranty made by <br /> Mortgagor herein, in the Note, or in any other instrument given as security for the Note shall be <br /> materially false, breached or dishonored. <br /> SECTION 6.2: Mortmee's Remedies/Ri2ht to Foreclose. Upon the occurrence of an Event of <br /> Default, Mortgagee shall provide written notice to Mortgagor of any default. Mortgagor shall have <br /> an opportunity to cure such default for a period of thirty (30) days following receipt of such notice. <br /> Mortgagee agrees not to take any action until the expiration of the thirty (30) day period. In the <br /> event Mortgagor fails to cure any defaults within thirty (30) days of the notice of a default, then <br /> Mortgagee may, at its option, exercise any or all of the following rights and remedies (and any other <br /> rights and remedies available to it): <br /> (a) Declare the entire principal of and the accrued interest on the Note, together with all sums <br /> advanced hereunder and interest thereon, to be immediately due and payable, and thereupon the <br /> Note, including both principal and interest accrued thereon, and all sums advanced hereunder and <br /> interest thereon, shall be immediately due and payable without presentment, demand or notice of <br /> any kind; or <br /> (b) Proceed to protect and enforce its rights by a suit or suits in equity or at law (1) for the <br /> specific performance of any covenant or agreement contained herein or in the Agreement, or (2) in <br /> aid of the execution of any power herein or therein granted, or (3) for the foreclosure of this <br /> Mortgage, or(4) for the enforcement of any other appropriate legal equitable remedy; or <br /> (c) Foreclose this Mortgage by action or advertisement, and Mortgagor hereby authorizes <br /> Mortgagee to do so, power being herein expressly granted to sell the Property at public auction <br /> without any prior hearing or notice thereof and to convey the same to the purchaser, in fee simple, <br /> pursuant to the statutes of Minnesota in such case made and provided, and out of the proceeds <br /> arising from such sale, to pay all Indebtedness Secured Hereby with interest, and all legal costs and <br /> charges of such foreclosure and reasonable attorney's fees permitted by law, which costs, charges <br /> and fees Mortgagor agrees to pay. In the event of a sale under this Mortgage, whether by virtue of <br /> judicial proceedings or advertisement or otherwise, the Property may, at the option of Mortgagee, be <br /> sold as an entirety or in such other manner and order as Mortgagee in its sole discretion may elect; <br /> or <br /> (d) Without releasing Mortgagor from any obligation hereunder or under the Note and this <br /> Mortgage, cure any Event of Default. In connection therewith, Mortgagee may enter upon the <br /> Property and do such acts and things as Mortgagee reasonably deems necessary or desirable to <br /> protect the Property, including without limitation: (1) paying, purchasing, contesting or <br /> compromising any encumbrance, charge, lien or claim, property taxes and charges; (2) paying any <br /> insurance premiums; and (3) employing counsel, accountants, contractors and other appropriate <br /> persons to assist Mortgagee in the foregoing. Should Mortgagee make any such payments, the <br /> amount thereof shall be secured hereby, and Mortgagor shall reimburse Mortgagee immediately <br /> upon demand, and said amount shall bear interest at the rate specified in the Note until repaid; or <br /> 171419v1 28 <br />