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Mortgage, Assignment of Rents, Security Agreement and Fixture Filing Page 27 Instrument or to proceed as to such personal property in accordance with the procedures and remedies available pursuant to a foreclosure of real estate. 7.7 Rights Cumulative. Each right, power or remedy herein conferred upon the Governmental Lender is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to Governmental Lender, at law or in equity, or under any other agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the Governmental Lender and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. No delay or omission by the Governmental Lender in the exercise of any right, power or remedy arising hereunder or arising otherwise shall impair any such right, power or remedy or the right of the Governmental Lender to resort thereto at a later date or be construed to be a waiver of any continuing Event of Default under this Security Instrument or the Project Note. 7.8 Right to Discontinue Proceedings. In the event Governmental Lender shall have proceeded to invoke any right, remedy or recourse permitted under this Security Instrument and shall thereafter elect to discontinue or abandon the same for any reason, Governmental Lender shall have the unqualified right to do so and in such event Borrower and Governmental Lender shall be restored to their former positions with respect to the Indebtedness. This Security Instrument, the interest of the Governmental Lender in the Premises and all rights, remedies and recourse of the Governmental Lender shall continue as if the same had not been invoked. 7.9 Additional Rights of Governmental Lender upon Foreclosure. If Governmental Lender should become the purchaser at any foreclosure sale, it shall be entitled to credit any of the unpaid balance of the Indebtedness against the amount of the purchase price. The purchaser at any foreclosure sale hereunder may disaffirm any easement granted or sublease made in violation of any provision of this Security Instrument, and may take immediate possession of the Premises free from, and despite the terms of, such grant of easement or sublease. Borrower hereby expressly waives any right which Borrower may have to direct the order in which any of the Premises shall be sold in the event of any sale or sales pursuant hereto. 7.10 Additional Waivers. Borrower also waives the benefit of all laws now existing or that may hereinafter be enacted providing for (i) any appraisal before sale of any portion of the Premises, and (ii) in any way extending the time for the enforcement and collection of the Note or this Security Instrument or creating or extending a period of redemption from any sale made in collecting said debt. To the full extent Borrower may do so, Borrower agrees that Borrower will not at any time insist upon, plead, claim or take the benefit or advantage of any law now or hereafter enforced providing for any appraisal, evaluation, stay, extension or redemption and Borrower, to the extent permitted by law, waives and releases all rights of redemption, valuation, appraisal, stay of execution, notice of election to mature or declare due the whole of this Security Instrument and marshaling in the event of foreclosure of the liens hereby created. 7.11 Interest Following Redemption. In the event the Premises is redeemed in accordance with applicable law, Governmental Lender shall be entitled to collect from the redeeming party, at the