201600835 - Laserfiche WebLink

Browse

� 2� 1 ��835 � n�t be ��mited e�c�usively to the rights �a�.d rem�dies here�n stat�d but sha�� be ent�tled to every r�ght and remedy now or her�after afforded at lav�or in equity. � � Section 7.8 R�ht tt��R�lease An_y Portion of_the Prvpe�t . Lend�r may release any portian of th� Property for such cor�s�deration as Ler�d�r ma� require W�th�ut, as to the rema�nder of the Praperty, in a�y way impairing or affecting the lien ar pr�or�ty of this Secur�ty Instrument, or improving the position of any subordinate ��enholder with respect theret�, e�cept to t�e e�tent that the �b��gatians hereunder shal� have been reduced by the actual manetary e�nsideratian, if a.ny, rece�ved by Lender for such release, and �ma� a�cept by assignment, pledge or atherwise any other property in pla�e ther��f as Lender may re�u�r� w�thout being accountab�e fnr so doing to any other lxenho�der. This Secur�ty Instrument sha�� continue as a lien and secur�ty znterest in the remaining portron of the Property. Section 7.9 Ri�ht �f Ent�. The pr�visxons �f Se�t�an 5.1.4 of the Loan Agreernent are hereby inc�rporated by reference into this Se�urity Instrument to the same ��tent _ and with the same for�e as if fu�iy set fo�th herein. S�ction 7.1�� Bankruptc�. �a} Up�n th� occurrence and during the continuance �f an Event of Defau�t, Lender sha�1 ha�e the r�ght to pr�ceed in its own name or in the name of Indiv�dual Borrower�n r�sp�ct�f any�laim, s�xit, acti�n�r praceed�ng relating to the reje�tion o� any Lease, including, without limitatror�, the right to fi�e and pr�se�ute, ta the ex��usian�f Individual Borrower, any proofs of claim, complaints, mntions, applications, noti�es and ather do�uments, in any case in respect of the l�sse� under such Lease under the Bankrupt�y �od�. (h} If there sha�l be f led by ar aga�nst Ind�vidua� Borrower a petitz�n under the Bankruptcy Code, and Individuai �orr�wer, as �ess�r under any Lease, sha11 determzne to r�ject su�h Lease pursuant to the Bankruptcy �ode, then Individua� B�rrower sha�1 give Lender not less than ten (1�� Busxness Days' pr�or not�ce of the date on which Indivzdua� Borrower shal� app�y to the bankrupt�y caurt f�r author�ty to rej ect the Lease. Lender shali have the right, but not the ob�igation, t� serve upon Individua� BorroWer with�n such ten�-day period a notice stating that ��) Lender demands that Individual BorroWer assume and assign the Lease to Lender pursuant to the Barlk�uptcy Code and �ii} Ler�der co�ena.nts t� cure �r pro��de ade�uate assurance of future performan�e und�r the Lease. If I�ender serves upon Individua� Borrower the noti�e described in the�receding senten��, Individua� Borrower shall not seek to reje�t the Lease � and sha�l comp�y with the demand provided for in �lause � of the preceding sentence within th�rty �3�� days after the not�ce sha11 have been given, subj ect to the perf�rmance by Lender of the��venant pr��ided for�n clause �� of the preceding sentence. ARTICLE 8 - INDEMNIFICATI�N Section 8.1 Genera� Indemnifcat�on. Th� provisions of S�cti�n 10.13�b} of the Loan Agreement are in��rparated by referen�e int� this Security Instrument t� the same extent and with the same force as �f fu11y set forth herein. 18 [NEWY�RK 3159527_4]