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2000;3557 <br />(f) If any default occurs under any guaranty executed in connection herewith and such default <br />continues after applicable notice and /or the expiration of applicable grace or cure periods, if any, or if any <br />guarantor repudiates or terminates such guaranty; <br />(g) If any guarantor shall become deceased, unless Lender is provided with a substitute <br />guarantor or alternative collateral satisfactory to Lender within ninety (90) days; <br />(h) Any judgment for monetary damages is entered against Borrower or any Guarantor which, <br />in Lender's sole judgment, has a material, adverse effect on the ability of Borrower or any such Guarantor <br />to perform its obligations under the Note, this Security Instrument or any of the Other Loan Documents or <br />is not covered to Lender's satisfaction by collectible insurance proceeds; <br />(i) If the Policies are not kept in full force and effect, or Borrower has not delivered evidence <br />of the renewal of the Policies thirty (30) days prior to their expiration as provided in Section 3.6(b); <br />0) If Borrower violates or does not comply with any provision of (i) Section 3.9 or (ii) Article 6; <br />or <br />(k) Borrower shall default in the performance of any other obligation or agreement with Lender <br />for money borrowered or equipment leased, which continues following applicable notice and the expiration <br />of applicable grace or cure periods, if any. <br />Section 8.2 Notice of Default. Borrower hereby requests a copy of any notice of default and that <br />any notice of sale hereunder be mailed, by registered or certified mail, to it at the address set forth above <br />in the first paragraph of this Security Agreement. <br />Article 9 - RIGHTS AND REMEDIES <br />Section 9.1 Remedies. <br />(a) Upon the occurrence of any Event of Default, Borrower agrees that Lender, and when <br />requested to do so by Lender, Trustee, may take such action, without notice or demand except as required <br />by law, as it deems advisable to protect and enforce the rights of Lender and Trustee against Borrower and <br />in and to the Property, including, but not limited to the following actions, each of which may be pursued <br />concurrently or otherwise, at such time and in such order as Lender may determine, in its sole discretion, <br />without impairing or otherwise affecting the other rights and remedies of Lender or Trustee: <br />(i) declare the entire unpaid Debt to be immediately due and payable; <br />(ii) institute proceedings, judicial or otherwise, for the complete foreclosure of this <br />Security Instrument under any applicable provision of law in which case the Property or any interest therein <br />may be sold for cash or upon credit in one or more parcels or in several interests or portions and in any <br />order or manner; <br />(iii) with or without entry, to the extent permitted and pursuant to the procedures <br />provided by applicable law, institute proceedings for the partial foreclosure of this Security Instrument for <br />the portion of the Debt then due and payable, subject to the continuing lien and security interest of this <br />Security Instrument for the balance of the Debt not then due, unimpaired and without loss of priority; <br />(iv) sell for cash or upon credit the Property or any part thereof and all estate, claim, <br />demand, right, title and interest of Borrower therein and rights of redemption thereof, pursuant to power of <br />GMACCM (SLP) — DOT (8/98) 25 ATLd Isle, Nebraska <br />Grand Isle, Nebraska <br />