6.3 EDSR 07-20-2015 - Laserfiche WebLink

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this Agreement, the Note, the Mortgage, 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, 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, or the Security Agreement beyond any applicable notice and cure period. 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: (i) All sums expended by Lender in effectuating its rights under paragraphs (ii) and (iii) of this paragraph shall be deemed to have been advanced under this Agreement and to be secured by the Security Agreement and any other security document required under this Agreement as security for the Loan. (ii) Borrower hereby constitutes and appoints Lender its true and lawful attorney-in-fact with full power of substitution either in the name of Lender or in the name of Borrower or in the name of both, for the following purposes: (a) to prosecute and defend all actions or proceedings in connection with the Loan Property or the Equipment and do any and every act which Borrower might do in its own behalf; (b) to perform each of the terms, covenants and conditions to be kept and performed by Borrower under any contracts and/or leases obtained or held by Borrower in connection with the operation of the Loan Property and any other contracts; (c) without limiting the foregoing, to perform each of the terms, covenants and conditions to be kept or performed by Borrower under this Agreement, the Security Agreement and any other instrument required under this Agreement; and (d) to do all things that Lender reasonably deems necessary or advisable for the purpose of carrying 8 464429v2 EL185-33