Common use of Right of Lender to Make Advances to Cure Borrower’s Defaults Clause in Contracts

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail to perform any of their covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event that Borrowers fail to perform any of their Borrowers' covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable notice, grace or cure periods, if any, except in the event of an emergency or other exigent circumstancesemergency), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness Indebtedness evidenced by the Note and secured by the Mortgages and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Interest Rate (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower’s covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages Mortgage and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower’s covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness Indebtedness evidenced by the Note and secured by the Mortgages Deed of Trust and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default)until paid.

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower's covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness Indebtedness evidenced by the Note and secured by the Mortgages and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Interest Rate (or Default Rate following an Event of Default)) and including Additional Interest, if applicable.

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower’s covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages Mortgage and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default)applicable interest rate set forth in the Note.

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower’s covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages Deed of Trust and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower's covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after first providing Borrower with notice and the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate applicable rate hereunder (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower’s covenants, agreements or obligations contained in this Agreement or any of the other Amended and Restated Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness Obligations evidenced by the Note and secured by the Mortgages Pledge Agreement and the other Amended and Restated Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default)until paid.

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower's covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness evidenced by the Note and secured by the Mortgages Mortgage and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Rate (or Default Rate following an Event of Default).

Right of Lender to Make Advances to Cure Borrower’s Defaults. In the event Borrowers fail that Borrower fails to perform any of their Borrower's covenants, agreements or obligations contained in this Agreement or any of the other Loan Documents (including the obligation to pay accrued interest upon the Loan when due) (after the expiration of applicable grace periods, except in the event of an emergency or other exigent circumstances), Lender may (but shall not be required to) perform any of such covenants, agreements and obligations, and any amounts expended by Lender in so doing and shall constitute additional indebtedness Indebtedness evidenced by the Note and secured by the Mortgages Assignment and the other Loan Documents and shall bear interest at a rate per annum equal to the Applicable Interest Rate (or Default Rate following an Event of Default).