3.5 EDSR 11-21-2016 - Laserfiche WebLink

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other contracts; (d) without limiting the foregoing, to perform each of the terms, covenants and conditions to be kept or performed by Borrower under this Agreement, the Mortgage and any other instrument required under this Agreement or the Contracts for Deed; and (e) to do all things that Lender reasonably deems necessary or advisable for the purpose of carrying out the powers enumerated in (a), (b), (c)and (d) of this Subparagraph (ii); (iii) The powers herein granted Lender shall be deemed to be powers coupled with an interest and the same are irrevocable; (4) cancel this Agreement; (5) bring appropriate action to enforce such performance and the correction of such Event of Default; (6) declare the entire unpaid principal of the Note and all accrued interest thereon immediately due and payable without notice; (7) foreclose the Mortgage and any other security instrument referred to in this Agreement and/or exercise any other rights or remedies it may have under the Mortgage and such other security instrument. 16. Default under Note and Mortgage. The failure by Borrower to keep or perform any of the terms, covenants and conditions to be kept or performed by it under this Agreement shall constitute a default under the Note, the Mortgage and any other security instrument held by Lender in connection with the Loan. 17. Notices. Any notices given hereunder shall be in writing and shall be deemed to have been given when delivered personally or three (3)days after deposited in the United States mail,registered, postage prepaid, addressed as follows: If to Borrower: Blue Egg Market, LLC 713 Main Street Elk River,Minnesota Attention: Robin DeWitt If to Lender: Economic Development Authority of the City of Elk River 13065 Orono Parkway Elk River, Minnesota 55330 Attn: Director of Economic Development