1981-144 CRA - Laserfiche WebLink

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. . I . . remaining principal of the Note, and the interest accrued thereon, and any related fees and other charges, to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Resolution or in the Note contained to the contrary notwithstanding. This provision, however, is subject to the conditi.on that if, at any time after the principal of the Note shall have been so declared due and payable, and before any judgment or decree for the payment .of the monies due and payable sha 11 have been obta ined or entered, there sha 11 have been deposited with the Noteholder a sum sufficient to pay all principal .on the Note due prior to such declaration and all due and unpaid interest (if any) upon the Note, and any related fees and other charges and the reasonable expenses of the Agency and Noteholder, and any and all other defaults known to the Agency (other than in the payment of principal of and interest on the Note due and payable solely by reason of such declaration) shall have been made good or cured to the satisfaction of the Noteholder or provision deemed by the Noteho 1 der to be adequate shall have been made therefor, then, and in every such case, the Noteholder, by written notice to the Agency, may rescind and annul such declaration and its consequences. However, no such rescission and annulment shall extend to or ,shall affect any subsequent default, or shall impair or exhaust any right .or power consequent there.on. Notwithstanding any other provision of this Secti.on 7.01, up.on an event of default relating solely to a single Loan, the Noteholder shall be entitled to accelerate an amount of principal on the Note equal to the then .outstanding principal balance of the Pr.omissory Note relating to such loan, plus related interest, fees and other charges. Section 7.02. Applicati.on.of Funds Upon Acceleration. All money in the funds and accounts provided for in Section 3.02 and 4.02 upon the date of the declaration of accelerati.on by the Noteholder and all Revenues thereafter received by the Agency hereunder, shall be transmitted to the Noteholder and shall be applied by the N.oteholder in a manner consistent with Sections 2.02 and 2.03. Section 7.03. Institution of Legal Pr.oceedings by Bank. If one or more of the events of default shall happen and be continuing, the Noteholder may proceed to protect or enforce its rights under the Act or under this Resolution by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Noteholder shall deem most effectual in support of any of its rights .or duties hereu nder. Section 7.04. Effect of Delay .or Omission to Pursue Remed~. No delay or omission of the Noteholder to exercise any right or power arislng from any default shall impair any such right or p.ower or shall be construed to be a waiver of any such default or acquiescence therein, and every power and remedy 15