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<br /> <br />All sums expended by Lender in effectuating its rights under <br />(i) <br />paragraphs (ii) and (iii) of this paragraph shall be deemed to have <br />been advanced under this Agreement and to be secured by the <br />Security Agreement and any other security document required under <br />this Agreement as security for the Loan. <br /> <br />Borrower hereby constitutes and appoints Lender its true and lawful <br />(ii) <br />attorney-in-fact with full power of substitution either in the name of <br />Lender or in the name of Borrower or in the name of both, for the <br />following purposes: (a) to prosecute and defend all actions or <br />proceedings in connection with the Loan Property or the Equipment <br />and do any and every act which Borrower might do in its own <br />behalf; (b) to perform each of the terms, covenants and conditions to <br />be kept and performed by Borrower under any contracts and/or <br />leases obtained or held by Borrower in connection with the operation <br />of the Loan Property and any other contracts; (c) without limiting <br />the foregoing, to perform each of the terms, covenants and <br />conditions to be kept or performed by Borrower under this <br />Agreement, the Security Agreement and any other instrument <br />required under this Agreement or the Contract for Deed Documents; <br />and (d) to do all things that Lender reasonably deems necessary or <br />advisable for the purpose of carrying out the powers enumerated in <br />(a), (b), (c) and (d) of this Subparagraph (ii); <br /> <br /> <br />(iii)The powers herein granted Lender shall be deemed to be powers <br />coupled with an interest and the same are irrevocable; <br /> <br /> <br />(c)cancel this Agreement; <br /> <br /> <br />(d)bring appropriate action to enforce such performance and the correction of <br />such Event of Default; <br /> <br /> <br />(e)declare the entire unpaid principal of the Note and all accrued interest <br />thereon immediately due and payable without notice; <br /> <br /> <br />(f)exercise any remedies under the Entity Guaranty, the Personal Guaranties, <br />the Security Agreement, or the Life Insurance Security Agreement, foreclose the <br />Mortgage and any other security instrument referred to in this Agreement and/or exercise <br />any other rights or remedies it may have under the Entity Guaranty, the Personal <br />Guaranties, the Security Agreement, the Life Insurance Security Agreement, the <br />Mortgage and any other security instruments. <br /> <br /> <br />16.Default under Note and Security Agreement. The failure by Borrower to keep or <br />perform any of the terms, covenants and conditions to be kept or performed by it under this <br />9 <br />454752v2 EL185-29 <br />