Laserfiche WebLink
proceedings in connection with the Loan Property and do any and <br /> every act which Borrower might do in its own behalf; (B) to perform <br /> each of the terms, covenants and conditions to be kept and <br /> performed by Borrower under any contracts and/or leases obtained <br /> or held by Borrower in connection with the operation of the Loan <br /> Property and any other contracts; (C) without limiting the foregoing, <br /> to perform each of the terms, covenants and conditions to be kept or <br /> performed by Borrower under this Agreement and any other <br /> instrument required under this Agreement; and (D) to do all things <br /> that Lender reasonably deems necessary or advisable for the purpose <br /> of carrying out the powers enumerated in (A), (B), (C) and (D) of <br /> this Subparagraph(ii); <br /> (iii) The powers herein granted Lender shall be deemed to be powers <br /> coupled with an interest and the same are irrevocable; <br /> (b) cancel this Agreement; <br /> (c) bring appropriate action to enforce such performance and the correction of <br /> such Event of Default; <br /> (d) declare the entire unpaid principal of the Note and all accrued interest <br /> thereon immediately due and payable without notice; <br /> (e) foreclose the Mortgage or any security instrument referred to in this <br /> Agreement and/or exercise any other rights or remedies it may have under the Entity <br /> Guaranty, the Personal Guaranties,the Mortgage, and any other security instruments. <br /> 16. Default under Note. The failure by Borrower to keep or perform any of the terms, <br /> covenants and conditions to be kept or performed by it under this Agreement shall constitute a <br /> default under the Note, the Mortgage, and any other security instrument held by Lender in <br /> connection with the Loan. <br /> 17. Notices. Any notices given hereunder shall be in writing and shall be deemed to <br /> have been given when delivered personally or three (3) days after deposited in the United States <br /> mail,registered,postage prepaid, addressed as follows: <br /> If to Borrower: <br /> F &M Properties, LLC <br /> 18489 Twin Lakes Road <br /> Elk River, MN 55330 <br /> Attention: Fred Trapp <br /> If to Lender: <br /> 8 <br /> 477330v1 EL185-40 <br />