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200003.557 Repairs no later than twelve (12) months after the date of this Agreement (the "Completion Period "), unless another date for completion of such Required Repair is set forth on Exhibit "C ", in which case Borrower shall complete such Required Repair no later than the date specified on Exhibit "C ". (b) Contracts. Lender reserves the right, at its option, to approve all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in connection with the Required Repairs, which consent shall not be unreasonably withheld or delayed. Upon Lender's request, Borrower shall assign any contract or subcontract to Lender. (c) Lender's Right to Complete Required Repairs. In the event Lender determines in its reasonable discretion that any Required Repair has not been commenced as required in Section 4(a) above, is not being performed in a workmanlike or timely manner or that any Required Repair has not been completed in a workmanlike manner within the Completion Period (or by such other completion date as may be set forth in Exhibit "C "), Lender shall have the option to withhold disbursement for such unsatisfactory Required Repair and to proceed under existing contracts or to contract with third parties to make or complete such Required Repair and to apply the Required Repair Reserve Fund toward the labor and materials necessary to complete such Required Repair, without providing any prior notice to Borrower, and to exercise any and all other remedies available to Lender upon an Event of Default. (d) Entry onto Property. In order to facilitate Lender's completion or making of the Required Repairs pursuant to Section 4(c) above, Borrower grants Lender the right to enter onto the Property and perform any and all work and labor necessary to complete or make the Required Repairs and /or employ watchmen to protect the Property from damage. All sums so expended by Lender shall be deemed to have been advanced under the Loan to Borrower and secured by this Security Instrument. For this purpose, Borrower constitutes and appoints Lender its true and lawful attorney -in -fact with full power of substitution to complete or undertake the Required Repairs in the name of Borrower. Such power of attorney shall be deemed to be a power coupled with an interest and cannot be revoked. Borrower empowers said attorney -in -fact as follows: (i) to use any funds in the Required Repair Reserve for the purpose of making or completing the Required Repairs; (ii) to make such additions, changes and corrections to the Required Repairs as shall be necessary or desirable to complete the Required Repairs; (iii) to employ such contractors, subcontractors, agents, architects and inspectors as shall be required for such purposes; (iv) to pay, settle or compromise all existing bills and claims which are or may become liens against the Property, or as may be necessary or desirable for the completion of the Required Repairs, or for clearance of title; (v) to execute all applications and certificates in the name of Borrower which may be required by any of the contract documents; (vi) in its reasonable discretion, to prosecute and defend all actions or proceedings in connection with the Property or the rehabilitation and repair of the Property; and (vii) to do any and every act which Borrower might do in its own behalf to fulfill the terms of this Special Stipulation. (e) No Obligation of Lender. Nothing in this Section 4 shall: (i) make Lender responsible for making or completing the Required Repairs; (ii) require Lender to expend funds in addition to the Required Repair Reserve Fund to make or complete any Required Repair; (iii) obligate Lender to proceed with the Required Repairs; or (iv) obligate Lender to demand from Borrower additional sums to make or complete any Required Repair. (f) Inspections. (i) Borrower shall permit Lender and Lender's agents and representatives (including, without limitation, Lender's engineer, architect or inspector) or third parties making Required Repairs pursuant to this Section 4 to enter onto the Property during normal business hours ATLANTA4181845.4 GMACCM (SLIP) - DOT (8198) B - 3 Grand Isle, Nebraska