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(f) Voluntary Bankruptcy; Insolvency; Dissolution. (i) Borrowe• s filing of o petition for relief under the Bankruptcy
<br />Reform Act of 1978, as amended or recodified ( "Bankruptcy Act "), or under any other present or future state or federal law
<br />regarding bankruptcy, reorganization or other relief to debtors (collectively, "Debtor Relief Low "); or (ii) Borrower's filing any
<br />pleoding in ony involuntary proceeding under the Bankruptcy Act or other Debtor Relief Low, which admits the jurisdiction of
<br />the court or the petition's material allegations regarding Borrower's insolvency; or (iii) Borrower's moking a general
<br />assignment for the benefit of creditors; or (iv) Borrower's applying for, or the appointment of, a receiver, trustee, custodian or
<br />liquidator of Borrower or any of its property; or (v) the death of Borrower, if on individual, or the filing by or against Borrower
<br />of o petition seeking the liquidation or dissolution of Borrower or the commencement of any other procedure to liquidate or
<br />dissolve Borrower; or
<br />(g) Involuntary Bankruptcy. Borrower's failure to effect a full dismissal of any involuntary petition under the
<br />Bankruptcy Act or ony other Debtor Relief Low, that is filed against Borrower or in any way restroins or limits Borrower or
<br />Lender regarding the Loan, the Property or the Improvements, prior to the earlier of the entry of any order granting relief
<br />sought in the involuntary petition, or thirty (30) days after the dote of filing of the petition; or
<br />(h) Partners; Guarantors. The occurrence of on event specified in Sections 6.01(f) or 6.01(g) as to any person or
<br />entity in any manner obligated to Lender under the Loon Documents.
<br />6.02 Acceleration. Upon the occurrence of a Default specified in Sections 6.01(a) through 6.01(e), inclusive, Lender
<br />moy, at its option, declare all sums owing to Lender under the Note and the other Loon Documents immediately due and
<br />payable. Upon the occurrence of a Defoult specified in Sections 6.01(f), 6.01(g) or 6.01(h), or upon the occurrence of ony
<br />Default or Event of Default specified in any of the Loon Documents which provides that acceleration shall be automatic, all
<br />sums owing to Lender under the Loon Documents shall automatically become immediately due and poyoble. Upon oc-
<br />celeration, Lender may, in oddition to other uses permitted under the Loon Documents, apply undisbursed Loon proceeds and
<br />any sums in the Account and Borrower's Funds Account to the sums owing to Lender under the Loan Documents.
<br />6.03 Disbursement by Lender. Upon the Occurrence of o Default which is occasioned by Borrower's failure to poy
<br />money, Lender may but shall not be obligated to make such payment from Loon proceeds, Borrower's Funds, or other funds of
<br />Lender. If such payment is made from proceeds of the Loon or from Borrower's Funds, Borrower shall deposit with Lender,
<br />upon written demond issued pursuont to Section 2.01(6), an amount equal to such payment. 0 such payment is mode from
<br />funds of Lender, Borrower shall repay such funds upon demand issued pursuant to Section 6.06. In either case, the Default
<br />with respect to which any such payment hos been mode by Lender shall not be deemed cured until such deposit or
<br />repoyment (as the case may be) has been mode by Borrower.
<br />6.04 lender's Completion of Construction. If Default occurs, Lender may, upon five (5) days written notice to
<br />Borrower, and with or without legal process, take possession of the Property and Improvements, remove Borrower and all
<br />agents, employees and contractors of Borrower from the Property and Improvements, complete the work of construction and
<br />market and sell or lease the Property and /or Improvements. Borrower irrevocably oppoints Lender as its attorney -in -fact,
<br />which agency is coupled with on interest. As attorney -in -fact, Lender may, in Borrower's name, take or omit to take any
<br />action Lender may deem appropriate, including without limit, exercising Borrower's rights under the Loon Documents and oll
<br />controcts concerning the Property and /or Improvements.
<br />6.05 Cessation of Construction. 0 Lender determines that the Improvements are not being constructed in occordonce
<br />with the Plans and Specifications, Requirements, or the Loon Documents, Lender may order all construction on any of the
<br />Improvements affected by the condition of nonconformonce immediately stopped. After that order, Borrower shall not ollow
<br />ony construction work, other than corrective work, to be performed on any of the Improvements affected by the condition of
<br />nonconformance until Lender notifies Borrower in writing that the nonconforming condition has been corrected.
<br />6.06 Repayment of Funds Advanced. If Lender spends its funds in exercising any of its rights or remedies under the
<br />Loon Documents, the amount of funds spent shall be poyoble to Lender upon demand, together with interest of the rote
<br />applicable to the principal balance of the Note as specified therein, from the date the funds were spent. Until repaid, such
<br />mounts shall hove the security afforded disbursements under the Note.
<br />6.07 Right of Contest. Borrower moy contest in good faith any cloim, demand, levy or assessment (other than liens
<br />and stop notices, provision for which is node in Section 3.06) by ony person other than Lender which would constitute o
<br />Default if (a) Borrower pursues the contest diligently and in o monner which Lender determines is not prejudicial to Lender
<br />and does not impair the rights of Lender under ony of the Loon Documents; and (b) if requested by Lender, Borrower deposits
<br />with Lender any funds or other forms of assurance Lender in good faith from time to time determines appropriate to protect
<br />Lender from the consequences of the contest being unsuccessful. Borrower's compliance with this Section shall operote to
<br />prevent such cloim, demand, levy or assessment from becoming o Default.
<br />ARTICLE VII:
<br />Miscellaneous Provisions
<br />7.01 Expenses. Subject to ony limitations os may be provided in Article VIII, Borrower sholl pay within five (5) days
<br />of Lender's demand all reasonable and necessary expenses incidental to making the Loan, including without limit, preciosing
<br />and closing expenses ,- cemmitment-- feesrorchitectural and engineering review expenses, appraisal fees, construction in-
<br />spection fees and attorneys fees, whether the services are furnished by Lender's employees, agents or independent con-
<br />tractors.
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