201302389 - Laserfiche WebLink

Browse

201302389 (4) the release of Borrower or any other person, by Lender or by operation of law, from performance of any obligation under any Loan Document; (5) the release or substitution in whole or in part of any security for the Indebtedness; and (6) Lender's failure to properly perfect any lien or security interest given as security for the Indebtedness. (o) Borrower shall, at its own cost and expense, do all of the following: (1) pay or satisfy any judgment or decree that may be entered against any lndemnitee or lndemnitees in any legal or administrative proceeding incident to any matters against which lndemnitees are entitled to be indemnified under this Section 48; (q) The provisions of this Section 48 shall be in addition to any and all other obligations and liabilities that Borrower may have under applicable law or under other Loan Documents, and each lndemnitee shall be entitled to indemnification under this Section 48 without regard to whether Lender or that lndemnitee has exercised any 48 (2) reimburse lndemnitees for any expenses paid or incurred in connection with any matters against which Indemnitees are entitled to be indemnified under this Section 48; and (3) reimburse lndemnitees for any and all expenses, including fees and out -of- pocket expenses of attorneys and expert witnesses, paid or incurred in connection with the enforcement by lndemnitees of their rights under this Section 48, or in monitoring and participating in any legal (including appellate) or administrative proceeding. (p) In any circumstances in which the indemnity under this Section 48 applies, Lender may employ its own legal counsel and consultants to prosecute, defend or negotiate any claim or legal or administrative proceeding and Lender, with the prior written consent of Borrower (which shall not be unreasonably withheld, delayed or conditioned), may settle or compromise any action or legal or administrative proceeding. Borrower shall reimburse Lender upon demand for all costs and expenses incurred by Lender, including all costs of settlements entered into in good faith, and the fees and out of pocket expenses of such attorneys (including but not limited to appellate litigation) and consultants. Previous editions are obsolete HUD MF Security Instrument HUD- 94000M (Rev.11 /12)