1981-141 CRA - Laserfiche WebLink

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. . ,. '. . . '. remaining principal of the Note, and the interest accrued thereon, and any related fees and other charges, to be due and payable inmediate1y, and upon any such declaration the same shall become and shall be inmediately due and payable, anything in this Resolution or in the Note contained to the contrary notwithstanding. This provision, however, is subject to the condition that if, at any time after the princ,ipa1 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 shall have been obtained or entered, there shall 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 re lated fees and other charges and the reasonable expenses of the Agency and Noteho1der, 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 Noteho1der or provision deemed by the N.oteho 1 der to be adequate sha 11 have been made therefor, then, and in every such case, the Noteh.older, by written notice to the Agency, may rescind and annul such declaration and its consequences. However, 00 such rescission and annulment shall extend to or shall affect any subsequent default, or shall impair or exhaust any right or power c.onsequent thereon. N.otwithstanding any other provision of this Section 7.01, upon an event of default relating solely to a single L.oan, the Noteholder shall be entitled to accelerate an amount of principal on the Note equal to the then outstanding principal balance of the Promissory Note relating to such Loan, plus related i nterest, fees and other charges. Section 7.03. Institution of Le a1 Proceedin s b Bank. If one or more of the events of defau t sha happen and be continulng, t e Noteholder may proceed to protect or enf.orce 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 executi on of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Noteho1der shall deem most effectual in support of any of its rights or duties hereunder. Section 7.04. Effect of Oe1ay or Omission to Pursue Remedy. No delay or omission of the Noteho1der to exercise any right or p.ower arising from any default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein, and every power and remedy 15