Laserfiche WebLink
(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) exercise any remedies under the Entity Guaranty, the Personal Guaranty, <br />foreclose the Mortgage, foreclose any other 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 Guaranty, 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 />If to Lender: <br />SBH Properties, LLC <br />9775 158a' Circle NW <br />Elk River, MN 55330 <br />Attention: Brian Hill <br />Economic Development Authority of the City of Elk River <br />13065 Orono Parkway <br />Elk River, Minnesota 55330 <br />Attn: Director of Economic Development <br />or addressed to any such party at such other address as such party shall hereafter furnish by <br />notice to the other party. Any notice delivered personally to Borrower shall be delivered to an <br />officer of Borrower, and any notice delivered personally to Lender shall be delivered to an <br />officer of Lender at the address for Lender for the mailing of notices. Either party may change its <br />address for the giving of notices by giving the other party at least ten (10) days' notice in the <br />manner provided above. <br />18. Headings. The headings used in this Agreement are for convenience only and do <br />not define, limit or construe the contents of this Agreement. <br />