201100260 - Laserfiche WebLink

Browse

2oiloo2�a Indernnitees, satisfactary in form and substance to Lender; or (2) may materially and advcrsely affect Lender, as determined by Lender in its discretion. (m) Lender agrees that the indemnity under this Section 18 shall be limited to the assets of Borraw�r a.nd Lender shall not seek ta recover any de�ciency from any natural persons whn are gen�ral partners of Barrower. (n) Borrawer shall, at its own cost and expense, do all of the fallowing: (1) pay ar satisfy any judgrnent or decree that may be ent�red against any Indcmnitee ar Indemnitees in any legal or administrative proceeding incident to any matters against which Indemnitees are entitled to be indcmnified under this Sec�ion 18; (2) reimburse indemnitees for any expenses p�id or incurred in coruiection with any matters against which Indemnitees are entitled to be indemnified under this Section 18; and (3) reimburse lndemnitees for any and all expenses, including fees and out-of- pocket expenses af attarneys and expert witnesses, paid or incurred in connection with thc enforccment by Indemnitees of their rights under this Section 1 S, or in monitoring and participating in any legal or administrative proceeding. (o) Tn any circumsta.nces in which the indemnity under this Section 18 applies, Lender may employ its vwn legal counsel and consultants to prasecute, defend or r►egotiate any claim pr legal or administrative proc�edin� and Lender, with the priar written consent of Borrower (whioh shall not be unreasonably withheld, delayed ar conditioned), may settle ur compromise any �ctipn or legal ar administrativ� proceeding. Borrow�r shall reimburse Lender upon demand for all cnsts and exp�nses incurred by Lender, including all costs of settlements entered intv in �vod faith, and the fees and out-of-pocket expenses of such attorneys and consultants. (p) The provisians of this Sectian 18 shall be in addition to any and all other abligations and liabilities that Barrower may have under applicable law or under other Loan Documents, and eaeh Indemnitee shall be entitled ta indemnification under this Sectivn 18 without regard to whether Lend�r or that Indemnitee has exercised any rights against the Martgaged Property or any ath�r security, pursued any ri�hts a�ainst any guarax�tor, or pursued any ather rights available under the Loan Documents or applicable law. If Borcawer consists of more than ane person or entity, the abligation of those persons or entities to indemnify the Indemnitees under this Sectian 18 shall be joint and several. Thc nbligation of Borrower to indemnify the Indemnitees under this Sectian 1 S shall survive any repayment or discharge of the Indebtedness, any fvreclosure proceedin�, any Poreclasure sale, any delivery of any decd in lieu of foreclasure, and any release of record of the lien af this Instrument. FANNIE MAE MULTI�'AM[I.Y S�CU�tiTY INSTRUMFIYT- Form a028 Q6/09 Page.23 NESRASKA 3;� 1997-2009 F�nnie Mae