4.6. SR 08-20-2018 - Laserfiche WebLink

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(f)Any mechanic's or material supplier's lien is filed against the Loan Property and is not released, satisfied or discharged or bonded to Lender's satisfaction, subject, however, to Borrower's right to contest the same in accordance with the provisions of the Mortgage and applicable law. (g)A transfer which violates by Paragraph 11 hereof, occurs. (h)Borrower: (i) fails to pay any amount due under this Agreement, the Note, or the Security Agreement; or (ii) fails to perform any other obligation to be performed under this Agreement, the Note, the Security Agreement, or any other document executed by Borrower pursuant to this Agreement and such failure continues beyond any applicable cure period. (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 than in 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 by law, 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 533940v3 GAF EL185-57533940v3 GAF EL185-57 -9-