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<br />(ii) any claim or any alleged obligation, liability or duty on the part of
<br />the Lender to perform or discharge on behalf of Pledgor any
<br />obligation, liability or duty of Pledgor which arises or accrues prior
<br />to the date, if ever, on which Lender acquires title to the Pledged
<br />Collateral by foreclosure, assignment in lieu of foreclosure or
<br />otherwise.
<br />
<br /> (b) Pledgor shall reimburse each person indemnified hereunder within ten
<br />(10) days after demand by Lender or such other indemnified person for the full amount of
<br />any indemnity to which such person may be entitled hereunder, which shall include all of
<br />such person's reasonable costs and expenses with respect thereto (including, without
<br />limitation, court costs and reasonable attorneys' fees and related expenses as and when
<br />incurred), and the full amount of Pledgor's indemnity obligation shall be considered to be
<br />an Obligation secured hereby. The indemnity set forth in this Section shall survive the
<br />termination of this Agreement.
<br />
<br /> 15. Waiver of Jury Trial. Pledgor and Lender, to the full extent permitted by
<br />law, each hereby knowingly, intentionally and voluntarily, with and upon the advice of
<br />competent counsel, waives, relinquishes and forever foregoes the right to a trial by jury in
<br />any action or proceeding, including any tort action, brought by either of them against the
<br />other based upon, arising out of, or in any way relating to or in connection with the Loan
<br />Documents, the Loan, this Agreement, any course of conduct, act, omission, course of
<br />dealing, statements (whether verbal or written), or actions of any person (including
<br />without limitation such persons, directors, governors, officers, managers, partners,
<br />members, employees, agents or attorneys, or any other persons affiliated with such
<br />person) in connection with the Loan or the Loan Documents, including in any
<br />counterclaim which Pledgor may be permitted to assert thereunder or which may be
<br />asserted by Lender or its agents against Pledgor, whether sounding in contract, tort, or
<br />otherwise. This waiver by Pledgor of its right to a jury trial is a material inducement for
<br />Lender to make this Loan.
<br />
<br /> 16. Jurisdiction, Court Proceedings. Pledgor, to the fullest extent permitted
<br />by law, hereby knowingly, intentionally and voluntarily, and upon the advice of
<br />competent counsel (i) submits to the personal, exclusive jurisdiction in the State of
<br />Minnesota with respect to any suit, action or proceeding by any person arising from,
<br />relating to, or in connection with the Loan Documents or the Loan, and agrees that he (it)
<br />will not bring any action, suit or proceeding in any other form, other than St. Paul,
<br />Ramsey County, Minnesota, and he (it) consents to the service of any Summons,
<br />Complaint or other legal process in any such action, suit or proceeding by registered or
<br />certified mail, postage prepaid, to Pledgor at the address for notices described herein, and
<br />consents and agrees that said service shall constitute in every respect valid and effective
<br />service (but nothing herein shall affect the validity or effectiveness of process served in
<br />any other manner permitted by law).
<br />
<br /> 17. Governing Law. The Loan has been applied for, considered, approved
<br />and made, and all necessary Loan Documents have been accepted by Lender in the State
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