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, ' 200604217 condition, or agreement on its part to be observed or performed in this Mortgage (other than an occurrence which constitutes an Event of Default under any of the Notes or the Agreement) for a period of thirty (30) days after written notice, specifying such failure and requesting that it be remedied, has been given to the Company by the Issuer or the Purchaser, unless the Purchaser shall determine that the Company is diligently pursuing such remedy and shall agree in writing to an extension of such time prior to its expiration. SECTION 24. Remedies on Default. Upon the occurrence of an Event of Default, the Purchaser may, at its option and without notice, declare the whole of the principal and accrued interest on the Note remaining unpaid to be immediately due and payable; and the Purchaser may, at its option, institute proceedings at law or in equity for the collection of all indebtedness due under the provisions of the Agreement, the Note, and the Mortgage; and upon any such default, the Purchaser may immediately cause this Mortgage to be foreclosed in the manner prescribed by law, and upon the commencement of foreclosure proceedings, shall be entitled to have a receiver appointed to take possession and charge of the Project during the pendency of the foreclosure proceedings and during the redemption period, to rent same and receive and collect the rents, issues and profits thereof, under the direction of the court, and any amount so collection by such receiver shall be applied under direction of the court upon the costs and expenses of the receivership, expense of insurance on the improvements, expense of repairs, taxes, assessments, and on the Mortgage indebtedness as provided in the Agreement. After default, in order to facilitate Purchaser's enforcing its rights and remedies as a secured party under the Nebraska Uniform Commercial Code (the "UCC"), Company hereby agrees that Purchaser or its representatives may take possession of such ofthe Project as is not real estate and may enter any premises of Company to take possession of said properties and the proceeds thereof; authorizes and empowers Purchaser and its representatives to take possession of said properties and the proceeds thereof from any and all third parties; and acknowledges and agrees that Purchaser's taking possession of said properties and the proceeds thereofwill not be considered as a breach of the peace and may be done without the order of any court. Company hereby agrees that upon Purchaser's taking possession of the said properties and the proceeds thereof, Purchaser shall have and is hereby granted the right to use, improve, operate, hold, lease, sell, or otherwise dispose of said properties and the proceeds thereof or any portion thereof, in such a manner and for such an amount as Purchaser, in its sole discretion, deems to be in the best interest of the holders of the Bonds. In the event Purchaser sells or otherwise disposes of all or any portion of said properties, Company acknowledges and agrees that any sale of 15