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200806031 (vii) apply all or any portion of the Mortgaged Property, or the proceeds thereof, towards (but not necessarily in complete satisfaction of) the Secured Obligations, in the manner set forth in Section 8.03 of the Credit Agreement; and (viii) exercise any other right or remedy of a Beneficiary or Credit Party under the laws of the State of Nebraska. (b) If an Event of Default shall have occurred and be continuing, Beneficiary, upon application to a court of competent jurisdiction, shall be entitled as a matter of strict right without notice and without regard to the occupancy or value of any security for the Secured Obligations or the solvency of any party bound for its payment, to the appointment of a receiver to take possession of the Mortgaged Property and to operate the Property and to collect and apply the Revenues. The receiver shall have all of the rights and powers permitted under the laws of the State of Nebraska. Grantor will pay to Beneficiary upon demand, all expenses, including receiver's fees, attorneys' fees, costs and agent's compensation, incurred pursuant to such appointment and all such expenses shall be included in the Secured Obligations and shall accrue interest at the Default Rate. (c) Grantor waives any right to require the marshaling of any of its assets in connection with any disposition conducted pursuant hereto. In the event all or part of the Mortgaged Property is included at any foreclosure sale conducted pursuant hereto, a single total price for the Mortgaged Property, or such part thereof as is sold, may be accepted by Beneficiary with no obligation to distinguish between the application of such proceeds amongst the property comprising the Mortgaged Property. (d) In connection with the exercise by Beneficiary of the rights and remedies provided for in Para!U'aph 14(a)(ii): (i) Beneficiary may notify any tenant, lessee or licensee of the Property, either in the name of Beneficiary or Grantor, to make payment of Revenues directly to Beneficiary or Beneficiary's agents, may advise any person of Beneficiary's interest in and to the Revenues, and may collect directly from such tenants, lessees and licensees all amounts due on account of the Revenues; (ii) At Beneficiary's request, Grantor will provide written notification to any or all tenants, lessees and licensees of the Property concerning Beneficiary's interest in the Revenues and will request that such tenants, lessees and licensees forward payment thereof directly to Beneficiary; (iii) Grantor shall hold any proceeds and collections of any of the Revenues in trust for Beneficiary and shall not commingle such proceeds or collections with any other funds of Grantor; and (iv) Grantor shall deliver all such proceeds to Beneficiary immediately upon the receipt thereof by Grantor in the identical form received, but duly endorsed or assigned on behalf of Grantor to Beneficiary. (e) In connection with the exercise of Beneficiary's rights under Paragraph 14(a)(v), Beneficiary may enter upon, occupy, and use all or any part of the Property and may exclude Grantor from the Land and the Improvements or portion thereof as may have been so entered upon, occupied, or used. In the event Beneficiary manages the Land and the Improvements in accordance with ParalZraph 14(a)(ix), Grantor shall pay to Beneficiary on demand a reasonable fee for the management thereof in addition to the Secured Obligations. Further, Beneficiary may make such alterations, renovations, repairs, 9