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default according to the terms of the Note, together with all other indebtedness secured hereby, to be forthwith due and payable without presentment, demand, or further notice of any kind. Section 7.3 FORECLOSURE. If any Event of Default shall occur and remain uncured following applicable notice and cure right set forth in the Loan Agreement, Mortgagee is hereby authorized and empowered to foreclose this Mortgage by action or by advertisement, in accordance with and in the manner prescribed by law, with full authority to sell the Premises at public auction and convey the same to the purchaser in fee simple, and out of the proceeds arising from such sale, to pay all indebtedness secured hereby with interest, if any, and all legal costs and charges of such foreclosure, and the maximum attorneys' fees permitted by law, which costs, charges, and fees Mortgagor agrees to pay. Section 7.4 RECEIVER. If any Event of Default shall occur and remain uncured following applicable notice and cure right set forth herein, Mortgagee shall be entitled, as a matter of right, without notice and without giving bond and without regard to the solvency or insolvency of Mortgagor, the waste of the Premises, or adequacy of the security of the Premises, 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 Mortgage and apply the rents, issues, and profits as provided in Section 2.5 herein. Section 7.5 RIGHTS UNDER ASSIGNMENT OF RENTS. If any Event of Default shall occur and remain uncured following applicable notice and cure right set forth herein, Mortgagee may exercise all rights and remedies available to it under the Assignment of Leases and Rents made herein. Section 7.6 RIGHTS UNDER UNIFORM COMMERCIAL CODE. If any Event of Default shall occur and remain uncured following applicable notice and cure right set forth herein, Mortgagee shall have and may exercise, with respect to all personal property and fixtures which are part of the Premises, all the rights and remedies accorded upon default to a secured party under the Uniform Commercial Code, as in effect in the State of Minnesota. If notice to Mortgagor of intended disposition of such property is required by law in a particular instance, such notice shall be deemed commercially reasonable if given at least ten (10) calendar days prior to the date of intended disposition. Section 7.7 RIGHT TO DISCONTINUE PROCEEDING. In the event Mortgagee shall have proceeded to invoke any right, remedy, or recourse permitted under this Mortgage and shall thereafter elect to discontinue or abandon the same for any reason, Mortgagee shall have the unqualified right to do so, and, in such event, Mortgagor and Mortgagee shall be restored to their former positions with respect to the indebtedness secured hereby. This Mortgage, the Premises, and all rights, remedies, and recourse of Mortgagee shall continue as if the same had not been invoked. Section 7.8 ACKNOWLEDGMENT OF WAIVER OF HEARING BEFORE SALE. Mortgagor understands and agrees upon the occurrence-of an Event of Default, Mortgagee has the right, inter alia, to foreclose this Mortgage by advertisement, pursuant to