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(j)A default under the Entity Guaranty, the Security Agreement, the <br />Mortgageorthe Personal Guarantybeyond any applicable notice and cure period. <br />Upon the occurrence of an Event of Default, Lender, at its option, shall, in addition to any other <br />remedies which it might be entitled to by law, have the right to: <br />(a)Perform such other acts or deeds which reasonably may be necessary to <br />cure any default existing under this Agreement, and to this end, it is hereby agreed as <br />follows: <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 any the <br />Security Agreement and any other security document required under <br />this Agreement as security for the Loan. <br />To enter into possession of the Loan Property and perform any and <br />(ii) <br />all work and labor necessary to complete the Improvements <br />substantially as required under this Agreement and to do all things <br />necessary or incidental thereto; <br />Borrower hereby constitutes and appoints Lender its true and lawful <br />(iii) <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 withthe Loan Propertyor 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 Improvementsor the purchase of the Equipmentand any other <br />contracts; (C) without limiting the foregoing, to perform each of the <br />terms, covenants and conditions to be kept or performed by <br />Borrower under this Agreement, the Security Agreementand any <br />other instrument required under this Agreement; and (D) to do all <br />things that Lender reasonably deems necessary or advisable for the <br />purpose of carrying out the powers enumerated in (A), (B), (C) and <br />(D) of this Subparagraph (ii); <br />(iv)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 />11 <br />487521v2 EL185-45 <br /> <br />