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Mortgage, Assignment of Rents, Security Agreement and Fixture Filing Page 26 proceeding instituted by Governmental Lender to collect the obligations secured hereby or any deficiency remaining unpaid after the foreclosure sale of the Premises. 7.4 Waiver of Appraisement, Homestead, Redemption. The Borrower hereby covenants and agrees that it will not at any time insist or plead, or in any manner whatever claim or take any advantage of, any stay, exemption or extension law or any so called “Moratorium Law” now or at any time hereafter in force, nor claim, take or insist upon any benefit of advantage of or from any law now or hereafter in force providing for the valuation or appraisement of the Premises, or any part thereof, prior to any sale or sales thereof to be made pursuant to any provisions herein contained, or pursuant to decree, judgment or order of any court of competent jurisdiction; or after such sale or sales claim or exercise any rights under any statute now or hereafter in force to redeem the property so sold, or any part thereof, or relating to the marshaling thereof so as to require the separate sales of any portion of the Premises, or as to require the Governmental Lender to exhaust its remedies against a specific portion of the Premises upon foreclosure sale or other enforcement hereof. The Borrower hereby expressly consents to and authorizes the sale of the Premises or any part thereof as a single unit or parcel or as separate parcels, upon foreclosure sale or other enforcement hereof. Borrower hereby specifically waives all rights of redemption from sale pursuant to any order or decree of foreclosure of this Security Instrument on its own behalf. 7.5 Receiver. Upon the occurrence and continuance of an Event of Default, Governmental Lender shall be entitled as a matter of right without notice and without regard to the solvency or insolvency of Borrower, or the existence of waste of the Premises or adequacy of the security of the Premises, and without giving bond to apply for the appointment of a receiver in accordance with the statutes and law made and provided for who shall collect the rents, and all other income of any kind; manage the Premises so as to prevent waste; execute leases within or beyond the period of receivership, pay all expenses for normal maintenance of the Premises and perform the terms of this Security Instrument and apply the rents, issues, income and profits to the payment of the expenses enumerated in Minn. Stat. Section 576.25, subdivision 5, and to all expenses for maintenance of the Premises and to the costs and expenses of the receivership, including attorneys’ fees, to the repayment of the Indebtedness and as further provided in the Assignment of Rents. Borrower does hereby irrevocably consent to such appointment. The receiver shall have all the rights, powers and remedies as provided by statute or law, including without limitation the rights of receiver pursuant to Minn. Stat. Section 576.25, whether during pendency of foreclosure, during a redemption period, if any, or otherwise. The purchaser at any foreclosure sale, including Governmental Lender, shall have the right, at any time and without limitation as provided in Minn. Stat. Section 582.03, to advance money to any receiver appointed hereunder to pay any part or all of the items which the receiver would otherwise be authorized to pay if cash were available from the Premises and the sum so advanced, with interest at the rate then in effect under the terms of the Note, shall be a part of the sum required to be paid to redeem from any foreclosure sale. 7.6 Rights Under UCC. In addition to the rights available to a Governmental Lender of real property, Governmental Lender shall also have all the rights, remedies and recourse available to a secured party under the UCC including the right to proceed under the provisions of the UCC governing default as to any property which is subject to the security interest created by the Security