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201301819 <br /> Section 6.2. RELEASE OF PROPERTY. Borrower shall not be entitled to a release of any <br /> portion of the Property from the lien of this Security Instrument except in accordance with terms <br /> and conditions of the Loan Agreement. <br /> Article 7 — DEFAULT <br /> Section 7.1. EVENT OF DEFAULT. The term "Event of Default" as used in this Security <br /> Instrument shall have the meaning assigned to such term in the Loan Agreement. <br /> Article 8 — RIGHTS AND REMEDIES UPON DEFAULT <br /> Section 8.1. REMEDIES. Upon the occurrence and during the continuance of any Event <br /> of Default, Borrower agrees that Lender may or acting by or through Trustee may take such <br /> action, without notice or demand, as it deems advisable to protect and enforce its rights against <br /> Borrower and in and to the Property, including, but not limited to, the following actions, each of <br /> which may be pursued concurrently or otherwise, at such time and in such order as Lender or <br /> Trustee may determine, in their sole discretion, without impairing or otherwise affecting the <br /> other rights and remedies of Lender or Trustee: <br /> (a) declare the entire unpaid Debt to be immediately due and payable; <br /> (b) institute proceedings, judicial or otherwise, for the complete foreclosure of this <br /> Security Instrument under any applicable provision of law, in which case the Property or any <br /> interest therein may be sold for cash or upon credit in one or more parcels or in several interests <br /> or portions and in any order or manner; <br /> (c) with or without entry, to the extent permitted and pursuant to the procedures <br /> provided by applicable law, institute proceedings for the partial foreclosure of this Security <br /> Instrument for the portion of the Debt then due and payable, subject to the continuing lien and <br /> security interest of this Security Instrument for the balance of the Debt not then due, unimpaired <br /> and without loss of priority; <br /> (d) sell for cash or upon credit the Property or any part thereof and all estate, claim, <br /> demand, right, title and interest of Borrower therein and rights of redemption thereof, pursuant to <br /> power of sale or otherwise, at one or more sales, as an entirety or in parcels, at such time and <br /> place, upon such terms and after such notice thereof as may be required or permitted by law; <br /> (e) institute an action, suit or proceeding in equity for the specific performance of any <br /> covenant, condition or agreement contained herein, in the Note, the Loan Agreement or in the <br /> other Loan Documents; <br /> (f) recover judgment on the Note either before, during or after any proceedings for <br /> the enforcement of this Security Instrument or the other Loan Documents; <br /> (g) seek and obtain the appointment of a receiver, trustee, liquidator or conservator of <br /> the Property, without notice and without regard for the adequacy of the security for the Debt and <br /> without regard for the solvency of Borrower, any guarantor or indemnitor under the Loan or any <br /> other Person liable for the payment of the Debt; <br /> 79582.000016 EMF_US 44373001v1 <br />