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appointment of a receiver, custodian, trustee, or similar party to take possession of the <br />Borrower's assets or property; or (v) the death of the Borrower. <br />6. ACCELERATION; REMEDIES ON DEFAULT. <br />If any Event of Default occurs, all principal and other amounts owed under this note <br />will become immediately due and payable without any action by the Holder, the <br />Borrower, or any other person. The Holder, in addition to any rights and remedies <br />available to the Holder under this note, may, in her sole discretion, pursue any legal or <br />equitable remedies available to her under applicable law or in equity, including taking <br />any of the following actions: <br />(a) Personally, or by agents or attorneys (in compliance with applicable law), take <br />immediate possession of the collateral. To that end, the Holder may pursue the <br />collateral where it may be found, and enter the Borrower's premises, with or <br />without notice, demand, process of law, or legal procedure if this can be done <br />without breach of the peace. If the premises on which any part of the collateral is <br />located are not under the Borrower's direct control, the Borrower will exercise its <br />best efforts to ensure that the Holder is promptly provided right of access to <br />those premises. To the extent that the Borrower's consent would otherwise be <br />required before a right of access could be granted, the Borrower hereby <br />irrevocably grants that consent; <br />(b) Require the Borrower to assemble the collateral and make it available to the <br />Holder at a place to be designated by the Holder that is reasonably convenient to <br />both parties (it being acknowledged that the Borrowers premises are reasonably <br />convenient to the Borrower); <br />(c) Sell, lease, or dispose of the collateral or any part of it in any manner permitted <br />by applicable law or by contract; and <br />(d) Exercise all rights and remedies of a secured party under applicable law. <br />7. WAIVER OF PRESENTMENT; DEMAND. <br />The Borrower hereby waives presentment, demand, notice of dishonor, notice of default <br />or delinquency, notice of protest and nonpayment, notice of costs, expenses or losses <br />and interest on those, notice of interest on interest and late charges, and diligence in <br />taking any action to collect any sums owing under this note, including (to the extent <br />permitted by law) waiving the pleading of any statute of limitations as a defense to any <br />demand against the undersigned. Acceptance by the Holder or any other holder of this <br />note of any payment differing from the designated payments listed above does not <br />relieve the undersigned of the obligation to honor the requirements of this note. <br />8. TIME OF THE ESSENCE. <br />Time is of the essence for every obligation under this note. <br />