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.
UPON THE OCCURRENCE AND
DURING THE CONTINUANCE OF ANY EVENT OF DEFAULT AND IMMEDIATELY UPON THE
COMMENCEMENT OF ANY ACTION, SUIT OR OTHER LEGAL PROCEEDINGS BY LENDER TO OBTAIN
JUDGMENT FOR THE DEBT, OR OF ANY OTHER NATURE IN AID OF THE ENFORCEMENT OF THE
LOAN DOCUMENTS, BORROWER WILL (A) AFTER RECEIPT OF NOTICE OF THE INSTITUTION OF
ANY SUCH ACTION, WAIVE THE ISSUANCE AND SERVICE OF PROCESS AND ENTER ITS
VOLUNTARY APPEARANCE IN SUCH ACTION, SUIT OR PROCEEDING, AND (B) IF REQUIRED BY
LENDER, CONSENT TO THE
103
APPOINTMENT OF A RECEIVER OR RECEIVERS OF THE PROPERTY OR ANY PART THEREOF AND
OF ALL THE EARNINGS, REVENUES, RENTS, ISSUES, PROFITS AND INCOME THEREOF.
SECTION 13.07.
CONTROL BY LENDER AFTER DEFAULT.
NOTWITHSTANDING THE
APPOINTMENT OF ANY CUSTODIAN, RECEIVER, LIQUIDATOR OR TRUSTEE OF BORROWER, OR OF
ANY OF ITS PROPERTY, OR OF THE PROPERTY OR ANY PART THEREOF, TO THE EXTENT
PERMITTED BY LEGAL REQUIREMENTS, LENDER SHALL