This new remedies sent to herein try collective and generally are maybe not private of any almost every other cures provided by rules
Borrower believes to pay in order to Financial realistic attorneys’ costs and reasonable court expenses obtain when you look at the implementing Lender’s legal rights, energies and you will treatments not as much as so it Contract each almost every other Loan File
Section 7.03 Owed and you may 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.
An event out-of Default hereunder and you may under people Mention or lower than all Loan Data files will be considered is continuous until and up until waived in writing by the Bank, as the given in the Area seven
Section 7.05 Standard Rate. 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 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 https://paydayloanalabama.com/hazel-green/ only in the specific instance, and for the purpose, for which it is given.
Section 8.02 Waivers, endment otherwise waiver affected relative to this article VIII shall become joining up on Lender and you can Debtor; and you can Lender’s inability so you can insist on the latest tight performance of any title, position or other provision regarding the Contract, brand new Note otherwise all Mortgage Files, or to do it any proper or remedy hereunder or thereunder, will perhaps not create an effective waiver from the Financial of every such as title, status and other supply or Standard or Feel from Default inside commitment therewith, nor shall one otherwise partial do so of any including right otherwise answer preclude any kind of or future take action, and/or get it done of every other right otherwise solution; and people waiver of any for example term, status and other provision or of every such as for instance Default otherwise Experience away from Standard will maybe not affect otherwise change this Contract, the Mention or some of the Mortgage Records, and each and every title, standing or any other supply of Agreement, the brand new Notice additionally the Loan Files shall, this kind of enjoy, keep in full push and you will feeling and you may should be medical with admiration to almost any most other after that existing or subsequent Standard or Enjoy of Standard from inside the commitment therewith. 02.
