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<br /> ' . , g. R,.-.�a_rAi i atera�;2a 3 on. Upon the happening o�E anY ' ; �� �.�. �-
<br /> �._
<br /> ��.: � �� default in reap�ct to one or more of the loans mada by the Lender , .�;�::
<br /> . '..� ,.:�z:2,:=t�
<br /> �- ° ' ' to the Ho�rower as�described in Paragraph']. above, Borrower � ___
<br /> <' o� agrees. tha� LendeY sha21 have the right to deem such a degault .y._,_,.�� �u
<br /> ' from the date of thi.s Agzeemeat �orward as a default in respect � `+��,����:��
<br /> � �� to all of the loana �hera existi.ag in�zespect to the Horrower. . �.� � ���_�--=
<br /> � �.,
<br /> �� " granting further unto I,eader, at its option, upon any euch � � �u" _ .____
<br /> • � � default, the right to declare a1.1 indebtedness owing fro�a Borro�nr- € ��
<br /> ` � er to Lender immedi.ately due and payable and.to exercise all �=:_.�------
<br /> ' �� �� rights avai.lable ta Lender upon the happening of a default. ��-__
<br /> : f . � --_
<br /> � � 5. ro�nLed ca??atera?. Notwithstandiag the gagrment of _ _ ____
<br /> ` � any ar more of' ths segarate instruinents of indebtedness deacribed =___
<br /> ° ° � <. ��� in paragraph 1 af this Crosa-Collateralization Agreement, so long - _
<br /> �.�; ... � . -
<br /> ���� . . . as any one or .more of the separate instrumenta of ipdebtedness -
<br /> ��, . _ ` -.�• . �herein described shall yet remain unpaid, �aI1 collateral , ��
<br /> • descri.bed in paragraph 3 of this Cross-Collateralizatioa Agree-
<br /> -�' -��----=� ��• .� ment� shall remaia as.coZlateral for the remaining indebtedness �.<`
<br /> : . ._. . ---.__� -�-�------ -
<br />,. .._.._ . �.:_
<br /> . • ow�ng-to-L�rid�._.by-the Borrower� . _.....---._.......---�----�--- -•-----�--�-�-- --------. . .
<br /> . ia its �.,,,_=--
<br /> : � � • 6. consent. The Lender shall have the full right,
<br /> • � � � sole discretion and without aay notice to or conaenC from the __
<br /> � -- � .. � � time and without affect- �.''-�,�
<br /> �� ` �" - - - - Horrov,ier,. from time to time and_at any___ _ , �
<br /> ' � � ing, impairing or discharging, in whole or iu part; the liability . ��_
<br /> � of the Borreswer hexeunder: fa) to make any change, amendment or F�-
<br /> � �� � , . � modification whatsoever of any term ox condition of any transac- -�.��
<br /> ' " - tion or debt; includi.ng rates of .i.ntereat with respect thereto;
<br /> ,� � . ' � fT�) to extend, i.n whole or iA part, by renewa7� or otherwise, and �,����`-
<br /> � • on one or any aumber of accasiona, the time Eor the payment .of =
<br /> .�' " .. . . any debt or the perform�nce of any term or conditioa of any � � _s�
<br /> �' transaction; (c) to settle, compromise, �elease, surrender, aub- . �_ ..�"��.
<br /> _ ' ` � ' �- ordi.nate ies interest in, modify or impair, and to enforce and ,.�_
<br /> � � exercise, or fail or refuse to enforce or exercise, any claims, ..,� . -
<br /> , • � � rights or remedies of any kind or nature against the Borrower or ; ,f �,�
<br /> _ . • any Guarantor of the Borrower's debts or traasaCtions, or any '� ���
<br /> �. .�.��
<br /> � collateral security held by the Lender. ��'� ' �
<br /> •
<br /> � . :- �..— -
<br />.�>, � � �. . 7. T*---7-��i aQ of Bo+-rower. Borrower hereby warrante anal "�'��
<br /> � . :-r�'��=--
<br /> �� �.:: ... , covenante: :yr��-�`--�-=
<br />= � a. Thia Cross-Collateraliza�ion Agreement is a _
<br /> •� � � legal, valid and binding obligation of the Borrawer, ��..�;;
<br /> . �:.. � � enforceable against the Horrower fn accordance with its ����-;:�=- `
<br /> .s _
<br />_ - .. . terms. . i�.- � -
<br /> . . ..._:;;,.
<br /> ° �� . b. There are no other liens or eacumbrances .+i4�.. ''_.�,,,,
<br /> - � � against the assets which are to continue as collateral ' +.� •
<br /> , � � ' ' � for the indebtedness owing to the Lender fxom the Bor- - . � � ,
<br /> �
<br /> '�., � � . . rower. :. . . ��:�
<br /> �.;.. ' ,
<br /> f��'.� : . ' • . . ' '. �~� ,
<br /> c. Barrower has not traneferred, assigned or co�n- ...>_;�:�.
<br /> :� •� .� veyed any intereet in the assets herein to continue as �� � . ��� :
<br /> � � co2lateral fox t he in d e bte d ness owin g t o L e n d e r t o a n y
<br /> -- person cr entity. � � �
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