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11-13-2024 Council Packet
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11-13-2024 Council Packet
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<br />Mortgage, Assignment of Rents, <br />Security Agreement and Fixture Filing <br />Page 31 <br /> <br />9.8 Consent to Jurisdiction. The Borrower submits and consents to personal jurisdiction of the <br />Courts of the State of Minnesota and Courts of the United States of America sitting in such State <br />for the enforcement of this instrument and waives any and all personal rights under the laws of any <br />state or the United States of America to object to jurisdiction in the State of Minnesota. Litigation <br />may be commenced in any state court of general jurisdiction for the State of Minnesota or the <br />United States District Court located in that state, at the election of the Governmental Lender. <br />Nothing contained herein shall prevent Governmental Lender from bringing any action against <br />any other party or exercising any rights against any security given to Governmental Lender or <br />against the Borrower personally, or against any property of the Borrower, within any other state, <br />including without limitation the State of Minnesota. Commencement of any such action or <br />proceeding in any other state shall not constitute a waiver of consent to jurisdiction or of the <br />submission made by the Borrower to personal jurisdiction within the State of Minnesota. <br />9.9 Indemnity. Borrower agrees to indemnify and hold harmless, and on demand defend <br />(provided Governmental Lender shall have the right to employ separate counsel in any action at <br />the expense of Borrower), any of the Indemnified Parties for any loss or expense which may arise <br />or be created by the acceptance in good faith by the Governmental Lender of instructions for <br />making the Loan or disbursing the proceeds thereof. Borrower further agrees to defend (provided <br />Governmental Lender shall have the right to employ separate counsel in any action at the expense <br />of Borrower), protect, indemnify, and hold harmless any of the Indemnified Parties from and <br />against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, <br />claims, costs, expenses and disbursements of any kind, and arising at any time, based on the Loan, <br />the Financing Documents, or the use or intended use of the proceeds of the Loan, the Governmental <br />Lender’s performance or administration of the Loan, or otherwise on account of the Loan. <br />NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, THE GOVERNMENTAL <br />LENDER SHALL BE INDEMNIFIED BY THE BORROWER WITH RESPECT TO <br />LIABILITIES ARISING FROM THE GOVERNMENTAL LENDER'S OWN GROSS <br />NEGLIGENCE, NEGLIGENCE OR BREACH OF CONTRACTUAL DUTY, BUT NOT FOR <br />ANY LIABILITIES ARISING FROM THE GOVERNMENTAL LENDER'S OWN BAD <br />FAITH, FRAUD OR WILLFUL MISCONDUCT. The obligations of Borrower under this Section <br />shall survive any termination of any of the Financing Documents, including this Security <br />Instrument. <br />9.10 Amendment/Modification. Any amendment to or modification of this Security Instrument <br />shall be made in writing by and between Borrower and Governmental Lender. No oral waiver, <br />amendment, or modification may be implied and the same must be executed by Borrower and <br />Governmental Lender. <br />9.11 Waiver of Jury Trial. TO THE MAXIMUM EXTENT ALLOWABLE BY APPLICABLE <br />LAW, THE PARTIES TO THIS INSTRUMENT WAIVE(S) TRIAL BY JURY IN ANY <br />JUDICIAL PROCEEDING TO WHICH ANY PARTIES TO THIS INSTRUMENT ARE <br />INVOLVED DIRECTLY OR INDIRECTLY AND ANY MATTER (WHETHER SOUNDING <br />IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, <br />OR CONNECTED WITH THIS INSTRUMENT OR THE RELATIONSHIP ESTABLISHED
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