7.5. SR 07-15-2013 - Laserfiche WebLink

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(e) It is expressly understood and agreed by Mortgagor that in the event of any foreclosure or other sale under this Mortgage by virtue of judicial proceeding, advertisement or otherwise, the Property may be sold as one parcel without exhausting Mortgagee's right, except as the same may be limited by applicable law, to such remedy for any unsatisfied part of the Borrower's indebtedness under the Note and this Mortgage or the Agreement, and without exhausting the power to exercise such remedy for any other part of said indebtedness, whether matured at the time or subsequently maturing. If a part of the Property is sold pursuant to this Section 6.2 and the proceeds thereof do not fully pay and satisfy the Borrower's indebtedness under the Note, and the Agreement, such sale, if so made, shall not in any manner affect the unpaid and unsatisfied part of said indebtedness; or (f) Exercise any and all remedies available to Mortgagee under the Agreement and any and all rights under the laws of the State of Minnesota,whether or not herein specified. The exercise of any right or remedy with respect to any part of the Property shall not affect the availability of any other of Mortgagee's rights and remedies under other applicable law or this Mortgage. All expenses (including any receivers' fees, attorneys' fees, costs and agents' compensation) incurred by Mortgagee pursuant to the powers herein contained shall be secured hereby and shall bear interest from the date incurred at the rate provided in the Note until paid by Mortgagor. SECTION 6.3: Receiver. Upon the occurrence and continuance of an Event of Default hereunder and after the expiration of any applicable cure periods, the Mortgagee shall be entitled as a matter of right without notice and without giving bond and without regard to the solvency or insolvency of the Mortgagor, or waste of the Property or adequacy of the security of the Property, to apply for the appointment of a receiver in accordance with the statutes and law made and provided for who shall collect the rents, and all other income of any kind; manage the Property so to prevent waste; complete construction of the Project (as defined in the Agreement) already under construction and pay for the same;pay all expenses for normal maintenance of the Property and perform the terms of this Mortgage and apply the rents, issues and profits in the following order: (a)to the payment of the reasonable fees of said receiver; (b) to the payment when due of prior or current real estate taxes or special assessments with respect to the Property or, if required by this Mortgage, payment of the periodic escrow for payment of the taxes or special assessments; (c) to the payment when due of premiums for insurance of the type required by this Mortgage or, if required by this Mortgage, payment of the periodic escrow for the payment of the premiums; and (d) to the repayment of the Indebtedness Secured Hereby and to or for the construction of the Improvements, operation, maintenance, upkeep and repair of the Property, including payment of taxes on the Property and payments of premiums of insurance on the Property. The Mortgagor does hereby irrevocably consent to such appointment. SECTION 6.4: Rights Under Uniform Commercial Code. Intentionally deleted. SECTION 6.5: Remedies are Cumulative. All remedies herein expressly provided for are cumulative of any and all other remedies existing at law or in equity and are cumulative of any and all other remedies provided for in any other instrument securing the payment of the Note or relating to same, or any part thereof, or otherwise benefiting Mortgagee and Mortgagee shall, in addition to the remedies herein provided, be entitled to avail itself of all such other remedies as may now or 171419v1 29