4.6. SR 08-20-2018 - Laserfiche WebLink

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(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)Borrower defaults in the payment or performance of anything by it to be paid or performed under any 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 and as to defaults other thanin the payment of a sum when due, the continuance thereof beyond any notice and/or cure period contained therein. 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 bylaw, have the right to: (1)To refrain from making advances under this Agreement; (2)To enter into possession of the Loan Property and perform any and all work and labor necessary to complete the Improvements substantially as required under this Agreement and to do all things necessary or incidental thereto; (3)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 Subparagraphs (2) and (3) 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 complete the Improvements or cause the same to be completed; to use the plans and specifications; to make such additions, changes and corrections in the plans and specifications as Lender reasonably shall deem necessary or desirable; to collect and use any funds of Borrower; to use any funds which may remain unadvanced under this Agreement; to employ such contractors, subcontractors, agents, design professionals and inspectors and enter into such contracts and arrangements as Lender reasonably deems necessary for such purposes; to pay, settle or compromise all existing bills and claims which may be liens against the Loan Property or as may be necessary or reasonably desirable for the completion of the 533940v3 GAF EL185-57 -9-