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Borrower, the City or any other party under the terms of the Secured Obligation and shall cooperate with the other Lender to obtain any such information which has not been delivered to the Active Lender. 7.4. Application of Proceeds. Any moneys (including, without limitation, the proceeds of any sale of the Property, any part thereof or any interest therein) received by the Active Lender pursuant to the exercise of any remedies provided in this Deed of Trust or by law shall be applied at the direction of the Active Lender; provided that such proceeds shall be distributed in the following order of priority (i) first, in payment of any premiums on the Policy then due and payable, (ii) then to provide for any Bonds not then defeased as set forth in the Indenture, (iii) then to the payment to MBIA of its cost and expenses in effecting such remedies under this Deed of Trust, (iv) then to the payment of the Agency of its cost and expenses in affecting such remedies under this Deed of Trust, (v) then to the payment of any other sums due to MBIA pursuant to the Note and the other Loan Documents and (vi) then to the payment of any other sums due to the Agency pursuant to the Note and the other Loan Documents, (vii) last, to other persons, if any, legally entitled thereto. 7.4 Settlement. MBIA shall have the exclusive right to decide and determine whether any claim, liability, suit or judgment made or brought against MBIA or the Borrower or either of them on the Policy shall or shall not be paid, compromised, resisted, defended, tried or appealed, and MBIA's decision thereon, if made in good faith, shall be final and binding upon the Borrower, but only with respect to the Borrower and MBIA's rights pursuant to this Paragraph 7 and shall not be construed as controlling with respect to suit at law, action in equity or foreclosure brought by the Agency or the Co- Trustee. 7.5 Remedies Cumulative. Each right, power and remedy of the Active Lender provided for in the Deed of Trust, the Note and the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition to every other right, power or remedy provided for in the Deed of Trust, the Note and the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise or partial exercise by the Active Lender of any one or more of such rights, powers or remedies shall not preclude the simultaneous or later exercise by the Active Lender of any rights, powers or remedies. 7.6 Ro Liability Between Lenders. No Lender shall have any liability in connection with a Lender's exercise of their judgment or discretion when acting as Active Lender or in exercising the rights of the Active Lender unless in acting as CHFA 52P.RIDGE.VIEW.1ST O1/06/90.Q02374 -18-