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Mortgage, Assignment of Rents, Security Agreement and Fixture Filing Page 25 (f) Borrower shall fail to comply with or perform any term, condition or covenant of this Security Instrument, which failure continues for thirty (30) days after Borrower receives written notice of such default, except where such default cannot be cured within thirty (30) days, Borrower shall have ninety (90) days to cure, provided Borrower is diligently pursuing cure of such default; or (g) Any Guarantor shall be dissolved, liquidated or go out of existence; or (h) Any Guarantor shall die or dissolve and Borrower either (i) has failed to notify Governmental Lender of such death within thirty (30) days thereof or (ii) has failed to provide Governmental Lender with an acceptable substitute guarantor, in the sole judgment of Governmental Lender, who shall have executed a new Guaranty and an Environmental Indemnity in the forms of those executed by the Guarantors, before the earlier to occur of (A) ninety (90) days from the date of such person’s death or (B) the date on which the first distribution of assets has been made from such person’s estate to any devisee, heir or other beneficiary; or (i) The Guarantor contests the validity or enforceability of the Guaranty or the Guaranty shall no longer be in full force and effect. 7.2 Governmental Lender’s Right to Accelerate. At any time during the existence of an uncured Event of Default, Governmental Lender, at Governmental Lender’s option, may declare the Indebtedness to be immediately due and payable without further demand, and may invoke the power of sale granted in this Security Instrument (and Borrower appoints Governmental Lender as Borrower’s agent and attorney-in-fact to exercise such power of sale in the name and on behalf of Borrower) and any other remedies permitted by Minnesota law or provided in this Security Instrument or in any other Financing Document. Borrower acknowledges that the power of sale granted in this Security Instrument may be exercised by Governmental Lender without prior judicial hearing. Governmental Lender will be entitled to collect all costs and expenses incurred in pursuing such remedies, including reasonable attorneys’ fees and costs and costs of documentary evidence, abstracts and title reports. 7.3 Right to Foreclose. At any time during the existence of an uncured Event of Default, Borrower hereby authorizes and fully empowers Governmental Lender to foreclose this Security Instrument by judicial proceedings, by advertisement, or by such other statutory procedures available in the state in which the Premises are located, at the option of Governmental Lender, with full authority to sell the Premises at public auction or such other means permitted by law and convey the same to the purchaser in fee simple, either in one parcel or separate lots and parcels, all in accordance with and in the manner prescribed by law, and out of the proceeds arising from sale and foreclosure to retain the principal and interest due on the Note and all other Indebtedness together with all sums of money as Governmental Lender shall have expended or advanced pursuant to this Security Instrument or pursuant to statute together with interest thereon as herein provided and all costs and expenses of such foreclosure, including lawful attorneys’ fees, with the balance, if any, to be paid to the persons entitled thereto by law. The failure to make any tenant parties defendant to a foreclosure proceeding shall not be asserted by Borrower as a defense in any