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��14��159 � Prvperty, or ax�y part th�r�of, and na deductian sha�� vthervvise be made ar cla�med frorn the assessed value�f th� Prap�rty, or any part thereaf, f�r real estate�ax�urposes by reason �f this S��urity Ir�strument or the Deht. If such c�aim, credit ar deduct�on sha�I be required �y �av�, Lender sha1�ha�e the optian,by�vrit�en noti�e o f nat�ess th�n on�hundred t�venty�12�)days,to de��are the I3ebt immediately due and paya�le. [G) If at any time the Un�i�ed States �f America, any State tk�ereof or any subdivisiar�af any such State shai�require revenu��r other stamps to be af�xed to the Note,this Se�uri�y Instru.ment, ar any af th� other Loan Documents or impose a�y other tax or charge �n the same,Individua�Borra�ver will pay for th�same,with inter�st and penalties ther�on,if any. Section 5.4 S�verin of Securi Inst�ume�t. The provisions of Section S.��c)af t�e Laan Agreement are hereby�ncarpflrated herein by referenGe. ARTICLE 6-TRAlwTSF�RS �ection �.1 L�nder�elianc�. Indi�idual I��rrawer ac�ow�edges that Lender has examined an�i �elied on th� exp�rience of Borrovver and its general pa�iers, memb�rss principals and(if B�rrawer is a trust}beneficia� awners �n owning ar�d aperating pr�perties such as the Property in agreeing to make the Loari, ar�d wi�I c�ntinue ta r��y on B�rrawer's awnership of the Praperty as a means of maintaining th��a1ue of the Prop�rty as se��rity for repayment af the I3ebt and the performanGe vf t�ie�3th�r�b��gat�ons. Borravver acknowledges that Lender has a �a�id interest in rn.aintaining the va�ue �f the Propert� so as to ensure that, shou�d Borrower defau�t in the repayment of th� Debt �r the performance af the �ther �bligations, Len�ier can r�cover the Debt by a�a�e�f the Praper�y. S�ction 5.Z Na SalelEncumbrance. i�idi�idual �orrower sha11 n�t Transfer the Praperty or any part ther�of or ar�y interest th�rein or permit or suf�er the Prape�rty or any part thereof or ar�y interest therein to be Transferred ather t�ian as expressly permitted�ursuant tQ the �erms�f the Laax�Agreement. ARTI�LE 7-ItI�HTS ANI]REMEDIES UP�N DEFAULT Se�tion 7.1 Remedies. Upon the accur�rence and during the contir�uanc� of any Event af Default, Ind�vidua� Borrov�rer agrees that Lender may take such a�tion, without natice ar demand, a.s it deems advisa��e t� pratect a�n.d �forc� its rig�ts �gainst Indi�ridual Barrovver ar�d in atld to the Property, including, but nat limited to, th�fa��ow�ng actions, each of which may be pursu�d concurrently�r otherwis�, at such time and �n such order as Lender may d�termine, �n its sole discretion, withaut impairir�g ar otherwise affecting the �ther rights and r�medies af Lender: �a� dec�are the�ntire unpaid�3ebt to be�mmediate�y due and payab�e; �b} inst�tute proceedings,judicial or o�erwise, for the c�mp�et�farec�osure of thi s S ecuri�y Instarrument u�d�r ax�y a�p�icab�e pravision of Iaw,in which Case the Pr�per�y or any 1473151.44-NYCSR43A-MSW