Borrower payday loans Headland reviews agrees to spend to help you Lender realistic attorneys’ costs and you may sensible legal expenditures incurred inside implementing Lender’s legal rights, energies and remedies around that it Arrangement and every other Mortgage File

Section 7.03 Owed and you will 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 Standard hereunder and you will not as much as one Note otherwise lower than the Mortgage Documents are going to be considered becoming proceeded except if and you may up to waived on paper by Financial, given that given inside the Section 7

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 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 specific instance, and for the purpose, for which it is given.

Section 8.02 Waivers, endment or waiver affected in line with this short article VIII should feel binding abreast of Bank and you can Debtor; and you will Lender’s incapacity to insist on the newest rigorous performance of every identity, standing or any other supply from the Agreement, the brand new Mention or some of the Mortgage Data, or to take action any right otherwise remedy hereunder otherwise thereunder, will maybe not create a great waiver because of the Lender of every particularly title, updates or other supply or Standard otherwise Experience out-of Standard from inside the relationship therewith, nor will just one or limited exercise of every such as for instance best or solution preclude another otherwise future do it, or even the exercise of any most other best otherwise solution; and you can one waiver of every such identity, position or any other provision or of any instance Default otherwise Skills from Default should maybe not apply at otherwise transform this Contract, the newest Notice or all Mortgage Data, and each label, position or any other provision with the Agreement, the Notice and the Mortgage Data should, such experience, remain entirely push and you can impression and you can are going to be operative having admiration to the most other following current otherwise then Default otherwise Experience out-of Standard during the commitment therewith. 02.