1998 039 Ordinance - Laserfiche WebLink

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observed or performed contained in this Loan Agreement or in the Note, exclusive of any period of grace or notice required to constitute a default or failure as an Event of Default, as provided above. Section 4.2. Remedies. If an Event of Default shall have occurred and be continuing, the Director, at any time, at the Director's election, may exercise any or all or any combination of the remedies conferred upon or reserved to the Director under this Loan Agreement, any of the other Loan Documents or any instrument or document collateral thereto, or now or hereafter existing at law, or in equity or by statute. Subject to the foregoing, any or all of the following remedies may be exercised: (a) If the Loan has not been fully disbursed, termination of any and all of the Director's obligations to make further disbursements of the Loan; (b) Declaration that the entire unpaid balance of all indebtedness owed to the Director is immediately due and payable, without notice or demand, such notice or demand being expressly waived by the Village; (c) Exercise of all or any rights and remedies as the Director may have under this Loan Agreement, any of the other Loan Documents or any instrument or document collateral thereto; (d) Inspect, examine and copy the books, records, accounts and financial data of the Project; and (e) Exercise of any rights, remedies and powers the Director may have at law or in equity to collect all amounts then due and thereafter to become due under this Loan Agreement and the other Loan Documents or any instrument or document collateral thereto or to enforce the performance and observance. of any other obligation or agreement of the Village under the Loan Documents or any instrument or document collateral thereto. [Balance of page intentionally left blank] 12