The fresh treatments delivered to herein is collective consequently they are maybe not private of every other cures provided by law
Borrower believes to blow so you can Bank practical attorneys’ charges and you may sensible judge expenses sustained inside enforcing Lender’s liberties, powers and you may remedies less than that it Agreement and every almost every other Mortgage File
Section 7.03 Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Lender, Lender may, by notice to Borrower, declare all Obligations to be immediately due and payable, and any obligation of Lender to make any Loan Advance to Borrower shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to principal and interest, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Note or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Lender to make any Loan Advance to Borrower shall immediately terminate. Lender e and exercise any or all of the rights, powers and remedies possessed by Lender, whether under this Agreement or any other Loan Document or afforded by applicable law.
An event out of Default hereunder and you may under people Notice otherwise less than some of the Loan Documents are going to be deemed to get proceeded until and you will up to waived in writing from the Bank, due to the fact given from inside the Section eight
Section 7.05 Default Price. Without regard to no bank account loans Billingsley whether Lender has exercised any other rights or remedies hereunder, if an Event of Default shall have occurred and be continuing, the applicable Margin in respect of the Interest Rate under the Note shall be increased, to the extent permitted by law, as set forth in clauses (iii)(A) and (iii)(B), as applicable, of the definition of Margin. (더 보기…)
