Borrower agrees to expend so you’re able to Financial reasonable attorneys’ charge and you can realistic judge costs obtain from inside the implementing Lender’s rights, powers and you will treatments significantly less than this Agreement each other Mortgage https://paydayloanalabama.com/eunola/ File
Section 7.03 Owed 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 away from Standard hereunder and not as much as one Note otherwise around any of the Mortgage Data files might be considered becoming continuing until and you can up until waived in writing from the Lender, due to the fact considering when you look at the Section eight
Section 7.05 Standard Rate. Without regard to 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.
Section 8.01 Entire Agreement. This Agreement (including the Schedules and Exhibits hereto) constitutes the entire agreement of the parties hereto and supersedes any and all prior or contemporaneous agreements, written or oral, as to the matters contained herein, and no modification or waiver of any provision hereof or of the Note or any of the Loan Documents, nor consent to the departure by Borrower therefrom, shall be effective unless the same is in writing, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which it is given.
Section 8.02 Waivers, endment or waiver affected in line with this post VIII should end up being joining abreast of Bank and you may Borrower; and you will Lender’s failure so you’re able to insist on this new strict show of every identity, position or any other supply of Contract, new Mention otherwise some of the Loan Data, or even do it people right otherwise answer hereunder or thereunder, will not constitute an effective waiver of the Lender of any such as name, updates or any other provision otherwise Standard otherwise Event out-of Standard from inside the partnership therewith, neither shall one otherwise limited do it of any such as for instance correct or option preclude some other otherwise future take action, and/or take action of every most other best otherwise remedy; and you can one waiver of any for example label, standing or other provision or of any eg Default or Skills from Standard should not connect with otherwise transform that it Agreement, the fresh Note or any of the Mortgage Data, and each label, reputation or other supply of this Contract, new Mention in addition to Loan Files shall, this kind of feel, keep entirely force and feeling and you may would be surgical which have admiration to almost any almost every other after that current or next Standard otherwise Skills off Standard during the relationship therewith. 02.