Common use of Other Remedies of Lender Clause in Contracts

Other Remedies of Lender. Upon the occurrence of an Event of Default, in addition to any other remedies available to Lender by the terms of this Agreement or any other Loan Document or by law, Lender may at its sole discretion: (a) complete the Renovation Work (with such changes as Lender shall deem appropriate), all at the risk, cost and expense of Borrower; (b) discontinue at any time the Renovation Work; (c) engage builders, contractors, engineers, architects and others for the purpose of furnishing labor, material and equipment in connection with the Renovation Work, which personnel may, but need not, be the same as those engaged by Borrower; (d) pay, compromise or settle all bills or claims incurred in connection with the Renovation Work; and (e) take or refrain from taking such action with respect to the Renovation Work as Lender may from time to time reasonably determine. All such action shall be at Borrower's sole cost and expense, such sums being secured by the Mortgage.