7A Request from Presbyterian Homes for Conduit Financing

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against aIl depasits and credifs of the Borrower with, and any and alI claims of t�ie Borrower against, the Lender. The Loan Agreement is a nonrecourse obligation af the Borrower and upon any occurrence of an Eveni of Deiault, recourse will be available only against the assets of the Borrovver subject to the Mortgage. Section 6.3 Disposition of Fund,s. Notwiihstanding anything to the contrazy contained in this Agreement, any amounts col�ected pursuant to actzon taken und�r Section 6.2 hereof, except for any amounts collected solely for the benefit o�the City under any of the provisions set forth in Section 7.9, shall, after c�educting (a} all expenses incurred in caIlecting the sa�ne and {b} then accrued inter�st on the Note, the rema.znder of such amounts, if any, b� applied as a prepayment of the Note in accardance witl� Section 5.1. Section 6.4 Marmer of Exercise. No zemedy herein conferred upon or resezved to the City or the Lender is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and sha11 be in addition to every atl�er remedy given under this Agreement or now or hereafter existing at iaw or in equity by statute. No delay or omission to exercise any right or powez accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any s�ch right arid power may be exercis�d from time to iime and as often as�nay be deemed expedient. In order to entitle the City or tl�e Lender to exercise any remedy reserved to either of them in this Article, it sk�all not be r�ecessary to giv� any notice, other ihan such notice as may be herein expressly requiz-ect. Section 6.5 Attorneys' Fees ,and Expenses. In the event the Borrower should default under any of the provisians of this Agre�ment and the City or the Lender should eznploy attorneys or inc�r other expenses for the collection of amounts due hereunder or the enforcement of per£ormance of any abligation or agreernent on the part of the Bozxower, the Borrower will on demand pay to the City or the LendEr the reasonable fees and casts of such attorneys and such other expens�s so incurred. Section 6.6 Effect of Waiver. Tn the event any ageezxient contained in this Agreement should be breached by either party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any ather breach hereund�r. 2208845v4 2�