1981-143 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 inmediately due and payable, anything in this Resolution or in the Note contained to the contrary notwithstanding. This provisi.on, however, is subject to the condition that if, at any time after the principal of the Note shall have been s.o declared due and payable, and before any judgment or decree for the payment of the monies due and payable sha 11 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 1 ated fees and other charges and the reasonable expenses of the Agency and Noteholder, and any and all other defaults kn.own t.o the Agency (other than in the payment .of principal .of and interest on the Note due and payable solely by reas.on of such declaration) shall have been made good or cured to the satisfaction of the Noteholder or provision deemed by the Noteholder 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 c.onsequences. 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 thereon. Notwithstanding any other provision of this Section 7.01, upon an event of default relating solely to a single Loan, the Noteh.older 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 L.oan, plus related interest, fees and other charges. Section 7.03. Institution.of Legal Pr.oceedin~s by Bank. If one or more of the events of default shall happen and be contlnUlng, the N.oteholder 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 hereunder. Section 7.04. Effect.of Delay or Omission t.o Pursue Remed. No delay or omission of the Noteho er exerClse any rlg t or power arlSlng frOll 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