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<br /> by L�nder pursuant to the Note, this Security Instruam�nt or the other Loan Dacuments, ma}��e
<br /> applied by Le�der to the paym�nt of the D�bt in such priority an�i propor��ons as Lender in its
<br /> discretion shall deem proper.
<br /> Sectian 7.3 ��ht tv �ur„e_Defaults. Upon the occurrence ar�d during the
<br /> �nt�nuanc� of any Event of Defau�t, or if Individual Bvrrower fai�s to make any payment or to
<br /> d� any act a.s herein �ro�ided, Lender may, but without ar�y obligation to do so and without
<br /> not�c�to or demand on Individua� Borrower and with.out re�easing Indi�idua�B�rrower from any
<br /> abl�gati�n her�under, make a�y payment or do any act required of Indiv�dual Borrov�rer
<br /> hereu.nder giving rise to such�ver�t�f Default ar su�h fai�ed pa�ment or act in su�Y�marin�r and
<br /> to su�h�xt�nt a.s Lender may deem n�c�ssary to pr�tect the security her�of. Lender is authorized
<br /> to enter up�n the Proper�y for �uch purposes, �r appear in, d�fend, vr bring any act�on or
<br /> prv�eeding ta protect its �nterest in th� Property o�r, up�n the accurren�e and during the
<br /> canti.nuan�e of an�r E�ent of Default, t� f�r�clos� thi� �ecur��y Instrument �r �ol�ect th� Iaebt,
<br /> and th� r�asona��e and dacurnented cost and exp�nse thereaf �in�Iuding �reasonable and
<br /> doc�ment�d attorne}�s' fees to the extent permitted by law}, with interest as provid�d in thais
<br /> �ect�on 7.3, sha�� r.�nstitute a pa�an of the Debt and s�a1� be due and payable to Lender upon
<br /> deman�. Al1 such reasonab�e a.tld d�cumented costs and expens�s incurred by Ler�der in
<br /> remedying such Event of I3efault or such fa��ed payment or act or in appea�ring in, def�ndir�g, or
<br /> �ringing any su�h act�on ar pr�ceeding shal�bear interest at the I��fau�t Rate, f4r the period af�er
<br /> not�ce fram Lender that such cast or expense v�as�n�urred to the date of payment to Lender. A11
<br /> such r�asonable and dacumented �osts ax�d expen�es in�urred by Lender tagether with inter�st
<br /> there�n ca�cuiated at the Default Rate shall be de�med to const�tute a portian of the�Debt and be
<br /> secured b�t�s Security Instrurn�nt and�he oth�r Loan Docum�nts ar�d shal�b�immediatel�du�
<br /> and payabl�upon demand by Lend�r th�r�for.
<br /> Section 7.4 Actions a�d Pr�c�edin�s. So long as an E�ent of D�fault has
<br /> occurred and is c,�r�tinuing, L�nder has the right to app�az in and defend any a�tion Qr proceedir�g
<br /> brought with respect to the Prop�rry ar�d to brir�g any act�on vr proce�ding, in the naame and on
<br /> behalf af Borrower, vv�iich Lender, in its discretian, de�ides should be brougk�t to prote�t its
<br /> int�rest in the Property. � �
<br /> Se�tivn 7.5 Recove af Sums ReQuired Ta Be Paid. S� lang as an Ev�nt of
<br /> ..,.,....,.�. � „�,,,,,.�,,,,,,�_,,.,,,
<br /> Default has occurre�i and is cantinuing, Lender shall ha�� the right firom t�me to time to tal�e
<br /> action to r�cover an}r sum or sums �vhich canstitut� a part af the Debt as the same become due,
<br /> w�thout regard to vvheth�r ar not th�ba�an�e of the Debt shal� be d�e, ar�d w��haut prejudice ta
<br /> the right of Ler�der thereaf�er to bring an action �f for�closure, �r an}r other act�on, for a default
<br /> or defaults by Individual�orrower ex�sting at the time such earlier action wa►�commenc.ed.
<br /> .
<br /> Sectian 7.� �xami�nati�n of Books and R�cords. At reas�nable times and
<br /> upfln reasanab�� notice, I.�nder, its agents, accountants and attorneys shal� ha�e the right t�
<br /> examine the recards, bo�l�s, manag�ment and other papers of Indi�idua� Borrower which r�fl�ct
<br /> upon their finan�ia� condition, at the Pra��rry�r at any affice regular�y mainta.ined by Indiv�dua�
<br /> Borrower where the ba�ks ar�d records are Iacated. Lender and its agents sha�l ha��the right to
<br /> make copies and�xfiracts fr�m the forego�ng records and other pap�rs. In addition, at reasonab�e
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