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201002922 <br />j. The Ground Lease is terminated or not renewed for any reason, or if <br />Subsidiary defaults in its obligations under the Ground Lease and said default continues beyond <br />any applicable notice and cure period in favor of Subsidiary, or if the Ground Lease is amended <br />or modified without the prior written consent of Master Collateral Agent. <br />24. RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event <br />of Default and at any time thereafter, Trustee or Master Collateral Agent may exercise any one <br />or more of the following rights and remedies: <br />(a) Master Callateral Agent may declare the entire Indebtedness, including the <br />then unpaid principal balance due under the Benefited Creditor Documents, the accrued but <br />unpaid interest thereon, court costs and attorney's fees hereunder immediately due and payable, <br />without notice, presentment, protest, demand or action of any nature whatsoever (each of which <br />hereby is expressly waived by Subsidiary), whereupon the same shall become immediately due <br />and payable. Additionally, Master Collateral Agent shall not be required to make any further <br />advances made under any of the Benefited Creditor Documents upon the occurrence of an Event <br />of Default or an event which, with the giving of notice or passing of time, would constitute an <br />Event of Default. <br />(b) Master Collateral Agent may enter upon the Property and take exclusive <br />possession thereof and of all books, records and accounts relating thereto without notice, to the <br />extent permitted by applicable law, and without being guilty of trespass, and hold, lease, manage, <br />operate or otherwise use or permit the use of the Property, either itself or by other persons, firms <br />or entities, in such manner, for such time and upon such other terms as Master Collateral Agent <br />may deem to be prudent and reasonable under the circumstances (making such repairs, <br />alterations, additions and improvements thereto and taking any and all other action with <br />reference thereto, from time to time, as Master Collateral Agent shall deem necessary ar <br />desirable), and apply all rents and other amounts collected by Master Collateral Agent in <br />connection therewith in accordance with the provisions of subsection (h) of this Section 24. <br />Subsidiary hereby irrevocably appoints Master Collateral Agent as the agent and attorney-in-fact <br />of Subsidiary, with full power of substitution, and in the name of Subsidiary, if Master Collateral <br />Agent elects to do so, to (i) endorse the name of Subsidiary on any checks or drafts representing <br />proceeds of the insurance policies, or other checks or instruments payable to Subsidiary with <br />respect to the Property, (ii) prosecute or defend any action or proceeding incident to the Property, <br />and (iii) take any action with respect to the Property that Master Callateral Agent may at any <br />time and from time to time deem necessary or appropriate. Master Collateral Agent shall have <br />no obligation to undertake any of the foregoing actions, and if Master Callateral Agent should <br />do so, it shall have no liability to Subsidiary for the sufficiency or adequacy of any such actions <br />taken by Master Collateral Agent. <br />(c) (i) Master Collateral Agent may, through Trustee, sell or offer for sale <br />the Property in accordance with the provisions of the Nebraska Trust Deeds Act, R.R.S. Neb. §~ <br />76-1000 et. seq. and any successor statute (the "Trust Deeds Act"). <br />19 <br />(Grand Island, Hall County, Nebraska) <br />10476803.5 <br />14451-2246 <br />