6.6. EDSR 01-20-2015 - Laserfiche WebLink

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(d)Any of the terms, covenants or conditions of any permit or other agreement issued or made by the City or other governmental body having jurisdiction over the Loan Property are not complied with within the time required thereby or are terminated or modified by the City or such other governmental body and Borrower has not taken or has not caused Entity Guarantor to take the necessary steps to correct or cure the same within thirty (30) days after written notice is given by Lender. (e)Any mechanic’s or material supplier’s lien is filed, against the Loan Property and is not released, satisfied or discharged or bonded to Lender’s satisfaction, subject, however, to Borrower’s right to contest the same in accordance with the provisions of the Security Agreement. (f)A transfer which violates by Paragraph 9 hereof, Encumbrances and Transfer, occurs. (g)Borrower: (i) fails to pay any amount due under this Agreement, the Note, the Mortgage or the Contract for Deed Documents when due; (ii) fails to perform any other obligation to be performed under this Agreement, the Note, the Mortgage, the Contract for Deed Documents or any other document executed by Borrower pursuant to this Agreement; or (iii) fails to pay any amount or perform any obligation under any other note, mortgage or other agreement now or hereafter made by Borrower in favor of or with Lender or otherwise now or hereafter held by Lender or Bank, and such failure continues beyond any applicable cure period. (h)Entity Guarantor fails to timely provide Lender any information necessary for Lender to perfect its security interest in the Equipment. (i)Any representation or warranty by Borrower contained herein or in the Note, the Security Agreement, the Contract for Deed Documents or any other instrument required hereunder is false or untrue in any material respect when made. (j)A default under the Lease, the Entity Guaranty, the Personal Guaranties, the Security Agreement, or the Life Insurance Security Agreement beyond any applicable notice and cure period. (k)Borrower fails to pay any amount due or fails to perform any obligation to be performed under the Contract for Deed. Upon the occurrence of an Event of Default, Lender, at its option, shall, in addition to any other remedies which it might be entitled to by law, have the right to: (a) To enter into possession of the Loan Property; (b) To perform such other acts or deeds which reasonably may be necessary to cure any default existing under this Agreement, and to this end, it is hereby agreed as follows: 8 454752v2 EL185-29