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200700035 community where the Property is located. It shall be deemed commercially reasonable for the Trustee to dispose of the Personalty without giving any warranties as to the Personalty and specifically disclaiming all disposition warranties. Section 7.8 Application of Proceeds. Unless otherwise provided by applicable Law, all proceeds from the sale of the Property or any part thereof pursuant to the rights and remedies set forth in this Article VII and any other proceeds received by Lender from the exercise of any of its other rights and remedies hereunder or under the other Loan Documents shall be applied first to pay all Expenses and next in reduction of the other Obligations, in such manner and order as Lender may elect. Section 7.9 Other Remedies. Lender shall have the right from time to time to protect, exercise and enforce any legal or equitable remedy against Grantor provided under the Loan Documents or by applicable Laws. Section 7.10 Lender's Performance. . Upon the occurrence of an Event of Default herein, Beneficiary may, but need not, and whether electing to declare the whole of the Loan due and payable or not, and without waiver of any other remedy, make any payment or perform any act herein required of Grantor in any form and manner deeined expedient, and may, but need not, make full or partial payments of principal or interest on prior encumbrances, if any, and purchase, discharge, compromise or settle any tax lien or other prior lien or title or claim thereof, redeem from any tax sale or forfeiture affecting the Property or contest any tax or assessment or cure any default of Grantor as landlord in any Lease, or enter upon the Property and may complete the construction or development of any Improvements and in the course of such completion may make such changes as Beneficiary may deem necessary or desirable. All monies paid for any of the purposes herein authorized and all expenses paid or incurred in connection therewith, including attorneys' fees, and any other monies advanced by Beneficiary to protect the Property or the lien hereof, shall be additional Obligations and shall become immediately due and payable without notice and with interest thereon at the default rate of interest set forth in the Note. Inaction of Beneficiary shall never be considered as a waiver of any right accruing to it on account of any Event of Default on the part of Grantor. Section 7.11 Beneficiary's Rieht of Inspection. Beneficiary, and Beneficiary's contractors, agents and representatives, shall, upon reasonable notice to Grantor, have the right to inspect the Property, including, but not limited to, the inspection of any Improvements being constructed on the Real Property during such construction, at all reasonable times and access thereto shall be permitted for such purposes. Article VIII Trustee. Section 8.1 Liabi1itv of Trustee. Trustee shall have no liability or responsibility for, and make no warranties in connectiqn with, the validity or enforceability of any of the Loan Documents or the description, value or status of"iitle to the Property. Trustee shall be protected in acting upon any notice, request, consent, demand, statement, note or other paper or document believed by Trustee to be genuine and to have been signed by the party or parties purporting to sign the same. Trustee shall not be liable for any error of judgment, nor for, any act done or step taken or omitted, nor for any mistakes of law or fact, nor for anything which Trustee may do or refrain from doing in good faith, nor generally shall Trustee have any accountability hereunder Hall County, Nebraska Error! Unknown document property name. 16