FORTH IN ANY SUCH STATEMENT IN THE
ABSENCE OF MANIFEST ERROR, WHICH CALCULATION MAY BE MADE BY LENDER ON ANY DAY
DURING THE FIFTEEN (15) DAY PERIOD PRECEDING THE DATE OF SUCH PREPAYMENT. LENDER
SHALL NOT BE OBLIGATED OR REQUIRED TO HAVE ACTUALLY REINVESTED THE PREPAID
PRINCIPAL BALANCE AT THE REINVESTMENT YIELD OR OTHERWISE AS A CONDITION TO
RECEIVING THE PREPAYMENT CHARGE. IF AT THE TIME OF SUCH TENDER, PREPAYMENT OF
THE PRINCIPAL BALANCE OF THE NOTE IS PERMITTED, SUCH TENDER BY BORROWER SHALL BE
DEEMED TO BE A VOLUNTARY PREPAYMENT OF THE PRINCIPAL BALANCE OF THE NOTE, AND
BORROWER SHALL, IN ADDITION TO THE ENTIRE DEBT, ALSO PAY TO LENDER THE
APPLICABLE PREPAYMENT CONSIDERATION SPECIFIED IN THE NOTE AND THIS SECURITY
INSTRUMENT.
90
SECTION 13.04. POSSESSION OF THE PROPERTY. UPON AND DURING THE CONTINUANCE OF
ANY EVENT OF DEFAULT AND THE ACCELERATION OF THE DEBT OR ANY PORTION THEREOF,
BORROWER, IF AN OCCUPANT OF THE PROPERTY OR ANY PART THEREOF, UPON DEMAND OF
LENDER, SHALL IMMEDIATELY SURRENDER POSSESSION OF THE PROPERTY (OR THE PORTION
THEREOF SO OCCUPIED) TO LENDER, AND IF BORROWER IS PERMITTED TO REMAIN IN
POSSESSION, THE POSSESSION SHALL BE AS A MONTH-TO-MONTH TENANT OF LENDER AND, ON
DEMAND, BORROWER SHALL PAY TO LENDER MONTHLY, IN ADVANCE, A REASONABLE RENTAL
FOR THE SPACE SO OCCUPIED AND IN DEFAULT THEREOF BORROWER MAY BE DISPOSSESSED.
THE COVENANTS HEREIN CONTAINED MAY BE ENFORCED BY A RECEIVER OF THE PROPERTY OR
ANY PART THEREOF. NOTHING IN THIS SECTION 13.04 SHALL BE DEEMED TO BE A WAIVER
OF THE PROVISIONS OF THIS SECURITY INSTRUMENT MAKING THE TRANSFER OF THE
PROPERTY OR ANY PART THEREOF WITHOUT LENDER'S PRIOR WRITTEN CONSENT AN EVENT OF
DEFAULT.
SECTION 13.05. INTEREST AFTER DEFAULT. IF ANY AMOUNT DUE UNDER THE NOTE, THIS
SECURITY INSTRUMENT OR ANY OF THE OTHER LOAN DOCUMENTS IS NOT PAID WITHIN ANY
APPLICABLE NOTICE AND GRACE PERIOD AFTER SAME IS DUE, WHETHER SUCH DATE IS THE
STATED DUE DATE, ANY ACCELERATED DUE DATE OR ANY OTHER DATE OR AT ANY OTHER TIME
SPECIFIED UNDER ANY OF THE TERMS HEREOF OR THEREOF, THEN, IN
SUCH EVENT,
BORROWER SHALL PAY INTEREST ON THE AMOUNT NOT SO PAID FROM AND AFTER THE DATE ON
WHICH SUCH AMOUNT FIRST BECOMES DUE AT THE DEFAULT RATE; AND SUCH INTEREST SHALL
BE DUE AND PAYABLE AT SUCH RATE UNTIL THE EARLIER OF THE CURE OF ALL EVENTS OF
DEFAULT OR THE PAYMENT OF THE ENTIRE AMOUNT DUE TO LENDER, WHETHER OR NOT ANY
ACTION SHALL HAVE BEEN TAKEN OR PROCEEDING COMMENCED TO RECOVER THE SAME OR TO
FORECLOSE THIS SECURITY INSTRUMENT. ALL UNPAID AND ACCRUED INTEREST SHALL BE
SECURED BY THIS SECURITY INSTRUMENT AS PART OF THE DEBT. NOTHING IN THIS SECTION
13.05 OR IN ANY OTHER PROVISION OF THIS SECURITY INSTRUMENT SHALL CONSTITUTE AN
EXTENSION OF THE TIME FOR PAYMENT OF THE DEBT.
SECTION 13.06. BORROWER'S ACTIONS AFTER DEFAULT. DURING THE EXISTENCE OF ANY
EVENT OF DEFAULT AND IMMEDIATELY UPON THE COMMENCEMENT OF ANY ACTION, SUIT OR
OTHER