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200604018 <br />record) of a legal or beneficial interest in the Property or any part thereof, Borrower or any <br />Restricted Party, other than in strict accordance with the express provisions of the Loan <br />Agreement, without the prior written consent of Lender. <br />Article 6 - PREPAYMENT; RELEASE OF PROPERTY <br />Section 6.1 PREPAYMENT. The Obligations may not be prepaid in whole or in part <br />except in strict accordance with the express terms and conditions of the Note and the Loan <br />Agreement. <br />Section 6.2 RELEASE OF PROPERTY. Borrower shall not be entitled to a release of any <br />portion of the Property from the lien of this Security Instrument except in strict accordance with <br />express terms and conditions of the Loan Agreement. <br />Article 7 - DEFAULT <br />Section 7.1 EVENT OF DEFAULT. The term "Event of Default" as used in this Security <br />Instrument shall have the meaning assigned to such term in the Loan Agreement. <br />Article 8 - RIGHTS AND REMEDIES UPON DEFAULT <br />Section 8.1 REMEDIES. Upon the occurrence and during the continuance of any Event <br />of Default, Borrower agrees that Lender may or acting by or through Trustee may take such <br />action, without notice or demand, as it deems advisable to protect and enforce its rights against <br />Borrower and in and to the Property, including, but not limited to, the following actions, each of <br />which may be pursued concurrently or otherwise, at such time and in such order as Lender or <br />Trustee may determine, in their sole discretion, without impairing or otherwise affecting the <br />other rights and remedies of Lender or Trustee: <br />(a) declare all or any portion of the entire unpaid Secured Obligations to be <br />immediately due and payable; <br />(b) 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 <br />interest therein may be sold for cash or upon credit in one or more parcels or in several interests <br />or portions and in any order or manner; <br />(c) 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 <br />Instrument for the portion of the Secured Obligations then due and payable, subject to the <br />continuing lien and security interest of this Security Instrument for the balance of the Secured <br />Obligations not then due, unimpaired and without loss of priority; <br />(d) 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 <br />power of sale or otherwise, at one or more sales, as an entirety or in parcels, at such time and <br />place, upon such terms and after such notice thereof as may be required or permitted by law; <br />VA <br />Nebraska <br />[TPW: NYLEGAI.;423132.1] 20528 -00020 01/26/2006 10:14 AM <br />