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hereunder and /or under the any other Loan Document shall impair any such remedy or right or be construed to be a waiver of any such Event of Default or acquiescence therein, nor shall it affect any subsequent Event of Default of the same or different nature. Every such remedy or right may be exercised concurrently or independently and when and as often as may be deemed expedient by Grantee. 4.13 No Merger. In the event of a foreclosure of this Security Instrument, the Obligations then due Grantee shall not be merged into any decree of foreclosure entered by the court or deed delivered upon non judicial foreclosure, and Grantee may concurrently or subsequently seek to foreclose one or more other security instruments which also secure said Obligations. 4.14 Insurance Upon Foreclosure. In case of an insured loss after foreclosure proceedings have been instituted, the proceeds of any insurance policy or policies, if not applied to the restoration of the Property, shall be used to pay the amount due in accordance with any decree of foreclosure that maybe entered in any such proceedings, and the balance, if any, shall be paid as the court may direct. In case of the foreclosure of this Security Instrument, the court in its judgment may provide that the judgment creditor may cause a new or additional loss clause to be attached to each of said policies making the loss thereunder payable to said judgment creditor; and any such foreclosure judgment may further provide, unless the right of redemption has been waived, that in case of redemption under said judgment, pursuant to applicable law, then, and in every such case, the redemptory may cause the preceding loss clause attached to each insurance policy to be cancelled and a new loss clause to be attached thereto, making the loss thereunder payable to such redemptory. In the event of foreclosure sale, Grantee is hereby authorized, but not required, without the consent of Grantor, to assign or cause a receiver to assign any and all insurance policies to the purchaser at the sale, or to take such other action as Grantee may deem advisable, to cause the interest of such purchaser to be protected by any of the said insurance policies. 4.15 Waiver of Statutory Rights. To the extent permitted by applicable law, Grantor shall not apply for or avail itself of any appraisement, valuation, redemption, stay, extension, or exemption laws, or any so- called "moratorium laws ", now existing or hereafter enacted, in order to prevent or hinder the enforcement or foreclosure of this Security Instrument, and Grantor hereby waives the benefit of such laws (to the extent permitted by applicable law). Grantor, for itself and all who may claim through or under it, waives any and all rights to have the Property and estates comprising the Property marshaled upon any foreclosure of the lien of this Security Instrument, and agrees that any court having jurisdiction to foreclose such lien may order the Property sold in its entirety. To the extent permitted by applicable law, Grantor further waives any and all rights of redemption from foreclosure and from sale under any order or decree of foreclosure (whether full or partial) of the lien created by this Security Instrument, and all rights of reinstatement, for itself and on behalf of: (i) any trust estate of which the Premises are a part and all beneficially interested persons; (ii) each and every person acquiring any interest in the Property or title to the Premises subsequent to the date of this Security Instrument; and (iii) all other persons to the extent permitted by the provisions of laws of the State. NAI- 1502659666v3 4.12 Reserved. -18- 201703609