Borrower believes to spend so you can Financial sensible attorneys’ fees and practical judge costs incurred within the enforcing Lender’s rights, efforts and cures significantly less than so it Contract each almost every other Mortgage File

Section 7.03 Due 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 conference regarding Standard hereunder and you will less than one Notice or around the Loan Files would be considered are http://www.paydayloanalabama.com/carolina proceeded unless and you can up to waived on paper by the Lender, as the offered in the Part eight

Section 7.05 Standard Price. 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 Arrangement. 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 effected in accordance with this short article VIII shall getting binding through to Financial and you may Debtor; and you can Lender’s failure so you’re able to insist on the new rigid efficiency of every label, reputation and other provision on the Agreement, this new Mention or the Mortgage Data files, or even to do so people best otherwise remedy hereunder otherwise thereunder, will not make up an excellent waiver by Bank of any like identity, reputation and other supply or Standard otherwise Feel out-of Default when you look at the partnership therewith, nor will just one otherwise partial get it done of every including right or option preclude all other or coming do so, or even the do it of any most other proper otherwise option; and you will one waiver of every for example name, updates and other provision otherwise of every for example Standard otherwise Feel out of Standard shall not connect with or alter which Contract, the newest Note otherwise all Financing Records, and every title, standing or other supply of Arrangement, new Note in addition to Mortgage Documents will, in such experience, keep entirely push and you may feeling and you can would be medical that have value to your other then present or subsequent Default otherwise Feel of Default for the partnership therewith. 02.