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<br /> <br /> <br /> 200901647 <br /> <br /> (a) any failure by Borrower to pay or deposit when due any amount required by the <br /> Note, this Instrument or any other Loan Document; <br /> <br /> (b) any failure by Borrower to maintain the insurance coverage required by <br /> Section 19; <br /> (c) any failure by Borrower to comply with the provisions of Section 33; <br /> <br /> (d) fraud or material misrepresentation or material omission by Borrower, or any of <br /> its officers, directors, trustees, general partners or managers, Key Principal or any guarantor in <br /> connection with (A) the application for or creation of the Indebtedness, (B) any financial <br /> statement, rent roll, or other report or information provided to Lender during the term of the <br /> Indebtedness, or (C) any request for Lender's consent to any proposed action, including a request <br /> for disbursement of funds under any Collateral Agreement; <br /> (e) any Event of Default under Section 21; <br /> (f) the commencement of a forfeiture action or proceeding, whether civil or criminal, <br /> which, in Lender's reasonable judgment, could result in a forfeiture of the Mortgaged Property or <br /> otherwise materially impair the lien created by this Instrument or Lender's interest in the <br /> Mortgaged Property; <br /> <br /> (g) any failure by Borrower to perform any of its obligations under this Instrument <br /> (other than those specified in Sections 22(a) through (f)), as and when required, which continues <br /> for a period of 30 days after notice of such failure by Lender to Borrower, but no such notice or <br /> grace period shall apply in the case of any such failure which could, in Lender's judgment, <br /> absent immediate exercise by Lender of a right or remedy under this Instrument, result in harm <br /> to Lender, impairment of the Note or this Instrument or any other security given under any other <br /> Loan Document; <br /> (h) any failure by Borrower to perform any of its obligations as and when required <br /> under any Loan Document other than this Instrument which continues beyond the applicable <br /> cure period, if any, specified in that Loan Document; and <br /> (i) any exercise by the holder of any other debt instrument secured by a mortgage, <br /> deed of trust or deed to secure debt on the Mortgaged Property of a right to declare all amounts <br /> due under that debt instrument immediately due and payable. <br /> 23. REMEDIES CUMULATIVE. Each right and remedy provided in this <br /> Instrument is distinct from all other rights or remedies under this Instrument or any other Loan <br /> Document or afforded by applicable law, and each shall be cumulative and may be exercised <br /> concurrently, independently, or successively, in any order. <br /> 24. FORBEARANCE. <br /> <br /> (a) Lender may (but shall not be obligated to) agree with Borrower, from time to <br /> time, and without giving notice to, or obtaining the consent of, or having any effect upon the <br /> obligations of, any guarantor or other third party obligor, to take any of the following actions: <br /> extend the time for payment of all or any part of the Indebtedness; reduce the payments due <br /> under this Instrument, the Note, or any other Loan Document; release anyone liable for the <br /> payment of any amounts under this Instrument, the Note, or any other Loan Document; accept a <br /> FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 11/01 Page 25 <br /> NEBRASKA <br /> © 1997-2001 Fannie Mae <br />