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200102665 <br />17. REMEDIES CUMULATIVE. Each remedy provided in this Instrument is distinct <br />and cumulative to all other rights or remedies under this Instrument or afforded by law or equity, and <br />may be exercised concurrently, independently, or successively, in any order whatsoever. <br />18. ACCELERATION IN CASE OF BORROWER'S INSOLVENCY. IfBorrower <br />shall voluntarily file a petition under the Federal Bankruptcy Act, as such Act may from time to time <br />be amended, or under any similar or successor Federal statute relating to bankruptcy, insolvency, <br />arrangements or reorganizations, or under any state bankruptcy or insolvency act, or file an answer <br />in an involuntary proceeding admitting insolvency or inability to pay debts, or if Borrower shall fail <br />to obtain a vacation or stay of involuntary proceedings brought for the reorganization, dissolution or <br />liquidation ofBorrower, or if Borrower shall be adjudged a bankrupt, or if a trustee or receiver shall <br />be appointed for Borrower or Borrower's property, or if the Property shall become subject to the <br />jurisdiction of a Federal bankruptcy court or similar state court, or if Borrower shall make an <br />assignment for the benefit of Borrower's creditors, or if there is an attachment, execution or other <br />judicial seizure of any of Borrower's assets and such seizure is not discharged within ten days, then <br />Lender may, at Lender's option, declare all of the sums secured by this Instrument to be immediately <br />due and payable without prior notice to Borrower, and Lender may invoke any remedies permitted <br />by paragraph 26 of this Instrument. Any reasonable attorney's fees and other expenses incurred by <br />Lender in connection with Borrower's bankruptcy or any of the other aforesaid events shall be <br />additional indebtedness of Borrower secured by this Instrument pursuant to paragraph 8 hereof. <br />19. TRANSFERS OF THE PROPERTY OR BENEFICIAL INTERESTS IN <br />BORROWER; ASSUMPTION. Upon the (a) sale, transfer, conveyance, assignment, or <br />encumbrance of all or any part of the Property, or any interest therein, or beneficial interests in <br />Borrower (other than limited partnership interests, if applicable); (b) execution of any lease which <br />gives the lessee any option to purchase the Property or any part thereof; or (c) commencement of any <br />notice, action, or procedures which, if completed, would result in the Property being converted to <br />a condominium or cooperative form of ownership without the prior written consent of Lender, <br />Lender may, at Lender's option, declare all of the sums secured by this Instrument to be immediately <br />due and payable, and Lender may invoke any remedies permitted by paragraph 26 of this Instrument. <br />Notwithstanding any provision in the Loan Documents to the contrary, Lender agrees to allow <br />a one -time transfer of the Property and assumption of the Loan, provided that there is no default, or <br />an event of default, by Borrower under the Loan Documents with Lender's reasonable consent. <br />Lender's conditions of consent shall include the following: (a) the payment by Borrower to Lender <br />of a transfer fee equal to 1.5% of the outstanding principal balance of the Note; (b) satisfactory <br />management expertise and financial condition ofthe proposed transferee, in Lender's sole reasonable <br />discretion; (c) the reimbursement of all the Lender's reasonable expenses, including legal fees; (d) the <br />permitted transferee and such principals of permitted transferee, as Lender may request, assuming all <br />obligations ofBorrower under the Loan Documents, including, without limitation, the Environmental <br />Indemnity Agreement, with the same degree ofrecourse liability as Borrower and subject to the same <br />exculpatory provisions; (e) the Property is then currently in good condition and repair; (f) the Lease <br />with Albertsons is then currently in effect, not in default, and has not been modified without Lender's <br />prior written consent; and (g) the Loan is current and in good standing in all respects. <br />Notwithstanding the above, Lender agrees that Borrower shall be entitled to make transfers to family <br />1048094.1 12 <br />