Borrower believes to spend in order to Bank practical attorneys’ charges and you may reasonable court expenditures obtain inside the implementing Lender’s rights, powers and treatments not as much as that it Contract and every other Mortgage Document
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.
A meeting off Default hereunder and you will less than any Notice or around the Loan Data should be considered become proceeded unless of course and you will until waived in writing by Financial, because given inside the Part eight
Section 7.05 Standard Rates. 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 Whole Contract. 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 loans Livingston AL specific instance, and for the purpose, for which it is given.
Section 8.02 Waivers, endment or waiver affected relative to this particular article VIII shall be joining up on Financial and Borrower; and you will Lender’s inability to help you insist upon new rigorous efficiency of every label, status and other provision for the Contract, the newest Note or the Financing Records, or perhaps to exercise any right otherwise remedy hereunder otherwise thereunder, will perhaps not make-up a great waiver of the Lender of any particularly name, reputation or any other supply or Default or Experiences off Default for the connection therewith, nor should just one or limited do it of every instance proper otherwise answer preclude any otherwise coming get it done, or the do so of every almost every other best or solution; and you may people waiver of any for example label, condition and other supply otherwise of every including Standard otherwise Enjoy out-of Standard should perhaps not connect with otherwise transform it Arrangement, new Mention otherwise any of the Mortgage Records, and each title, position and other supply of Contract, the newest Mention as well as the Loan Data files will, such feel, remain completely force and impression and you can should be surgical which have esteem to the other following current or further Default or Feel away from Default in the relationship therewith. 02.
