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201007999 despite this section, shall hereafter be repealed or cease to be in force, such Requirement af Law shall not thereafter be deemed to pr�clude the applicatian of this section. Section 4.12. Martga�or as Tenant Post-Foreclosure. In the event there is a foreclosure sale hereunder and at the time of such sale Mortgagar or Mortgagor's representatives, succ�ssors or assigns or any other persons claiming any interest in the Property by, through or under Mortgagor are accupying or using the Property, or at�,y part thereof, each and all shall immediately become t1�e tenant of the pwrchaser at such sale, which tenancy shall be a tenancy from day to day, terminabXe at the will of either landlord ar tenant, at a reasonable rental per day based upon the value of the property occupied, such rental to be due daily to the purchaser. To the extent permitted by any applicable Requirement of Law, the purchasex' at such sale shall, notwithstanding any language herein apparently to the contrary, have the sole option to d�mand immediat� possession following the sale ar to permit the occupants to remain as tenants at will. In the event the tenant fails to surrender possession of said property upon demand, the purchaser shall be entitled to institute and maintain a summary action for possession of the property (such as an action for forcible entry and detainer) in any court having jurisdictian. Sectian 4.13. L imitatian on Ri ts and Waivers. All rights, powers and remedies herein conferred shall be ex�rcisable by Trustee and Administrative Agent only to the extent not prohibited by any applicable Requiremera�t o� Law; and all wavers and relinquishments of rights and similar matters shall anly be effective to the extent such waivers or relinquishments are not prohibited by any applicable Requirement of Law. Section 4.14. Waiver of Appraisement. Appraisement of the Property is hereby waived or not waived at Administrative Agent's option, which shall be exercised at the time judgment is rendered in any foreclosure hereof or at any time prior hereto. Section 4.15. Waiver of .Axkansas Ri�ht of Redemntion In addition to and without limitation to the foregaing in any manner, Mortgagar hereby releases unto Administrative Agent and Secured Farties all right of redemption under any Requirement of Law of the State af Arkansas, including without limitation all rights under Ark. Code Ann. §18-49-106, as am�nded. Section 4.16. Waiver af Oklahama Ap,.praisement. As to Property situated in oar atherwise subject to any Requirernent of Law of the State of Oklahoma, appraisement nf the Property is hereby waived (or not) at the option of Administrative Agent, such option to be �xercised at the time judgment is rendered in any foreclosure hereof or at any time prior thereto. Section 4.17. Convevance ta Purchaser. Any deed, bill of sale ar other conveyance executed by or an behalf of the Administrative Agent, the Tnxstee, the sheriff or other official or party r�sponsible far conducting the sale shall be prima facia ec�idence of the compliance with all statutory requirements for the sale, the execution o� such deed, bill of sale ox other conveyance, and the tx and accuracy of the recitals and oth�r matters stated therein, including, without limitation, nonpayment or nonperformance of the Obligations, vialatioza of the terms and covenants contained herein, and the advertisement and conduct of such sale in the manner provided herein or as pravided by any applicable Requirement of Law. Mortgagar does hereby ratify and confirnl all legal acts that Trustee and Administrative Agent may do in carrying out the provisions of this Mortgage. Any sale of the Collateral ar any portion thereaf pursuant to the 42