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
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 BE ENTITLED TO OBTAIN POSSESSION AND CONTROL OF
ALL PROPERTY NOW AND HEREAFTER COVERED BY THIS SECURITY INSTRUMENT AND THE
ASSIGNMENT IN ACCORDANCE WITH THE TERMS HEREOF.
SECTION 13.08. RIGHT TO CURE DEFAULTS. (A) DURING THE CONTINUANCE OF ANY EVENT
OF DEFAULT, LENDER OR ITS AGENTS MAY, BUT WITHOUT ANY OBLIGATION TO DO SO AND
WITHOUT NOTICE TO OR DEMAND ON BORROWER AND WITHOUT RELEASING BORROWER FROM ANY
OBLIGATION HEREUNDER, MAKE OR DO THE SAME IN SUCH MANNER AND TO SUCH EXTENT AS
LENDER MAY DEEM NECESSARY TO PROTECT THE SECURITY HEREOF. LENDER AND ITS AGENTS
ARE AUTHORIZED TO ENTER UPON THE PROPERTY OR ANY PART THEREOF FOR SUCH PURPOSES,
OR APPEAR IN, DEFEND, OR BRING ANY ACTION OR PROCEEDINGS TO PROTECT
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LENDER'S INTEREST IN THE PROPERTY OR ANY PART THEREOF OR TO FORECLOSE THIS
SECURITY INSTRUMENT OR COLLECT THE DEBT, AND THE COST AND EXPENSE THEREOF
(INCLUDING REASONABLE ATTORNEYS' FEES TO THE EXTENT PERMITTED BY LAW), WITH
INTEREST AS PROVIDED IN THIS SECTION 13.08, SHALL CONSTITUTE A PORTION OF THE
DEBT AND SHALL BE IMMEDIATELY DUE AND PAYABLE TO LENDER UPON DEMAND. ALL SUCH
COSTS AND EXPENSES INCURRED BY LENDER OR ITS AGENTS IN REMEDYING SUCH EVENT OF
DEFAULT OR IN APPEARING IN, DEFENDING, OR BRINGING ANY SUCH ACTION OR PROCEEDING
SHALL BEAR INTEREST AT THE DEFAULT RATE, FOR THE PERIOD FROM THE DATE SO
DEMANDED TO THE DATE OF PAYMENT TO LENDER. ALL SUCH COSTS AND EXPENSES INCURRED
BY LENDER OR ITS AGENTS TOGETHER WITH INTEREST THEREON CALCULATED AT THE ABOVE
RATE SHALL BE DEEMED TO CONSTITUTE A PORTION OF THE DEBT AND BE SECURED BY THIS
SECURITY INSTRUMENT.
(b)
If Lender makes any payment or advance that Lender is authorized
by this Security Instrument to make in the place and stead of Borrower (i)
relating to the Impositions or tax liens asserted against the Property, Lender
may do so according to any bill, statement or estimate procured from the
appropriate public office without inquiry into the accuracy of the bill,
statement or estimate or into the validity of any of the Impositions or the tax
liens or claims thereof; (ii) relating to any apparent or threatened adverse
title, lien, claim of lien, encumbrance,