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to time, upon the occurrence of an Event of Default or at any time thereafter, Mortgagee may, at its option, exercise any and all of the following rights and remedies (and any other rights and remedies available to it under applicable law or any document related hereto): (a) Mortgagee may declare immediately due and payable all indebtedness secured by this Mortgage and the same shall thereupon be immediately due and payable; (b) Mortgagee shall be entitled as a matter of right to the immediate appointment of a receiver for the Mortgaged Property by a court of competent jurisdiction, without regard to (i) the then current fair market value of the Mortgaged Property, (ii) whether any waste has occurred on or about the Mortgaged Property, (iii) the solvency or financial condition of Mortgagor or any other party, or (iv) any other event, occurrence, condition or factor which may limit or restrict Mortgagee’s absolute right to the appointment of such a receiver; (c) Mortgagee may foreclose this Mortgage by action or (to the extent permitted by Minnesota law) advertisement upon written notice thereof to Mortgagor, and Mortgagor hereby authorizes the Mortgagee to do so, power being herein expressly granted to sell the Mortgaged Property at public auction without any prior hearing thereof and to convey the same to the purchaser, in fee simple, pursuant to the statutes of Minnesota in such case made and provided and, out of the proceeds arising from such sale, to pay all Indebtedness Secured Hereby, and all legal costs and charges of such foreclosure and the reasonable attorney’s fees; and (d) Mortgagee may exercise any of the remedies made available to a secured party under the Uniform Commercial Code in effect in the State of Minnesota, or other applicable law, with respect to any of the Mortgaged Property which constitutes personal property, including without limitation the right to take possession thereof, proceeding without judicial process or by judicial process (without a prior hearing or notice thereof, which Mortgagor hereby waives), and the right to sell, lease or otherwise dispose of or use any or all of such personal property. Mortgagee may require Mortgagor to assemble such personal property and make it available to Mortgagee at a place designated by Mortgagee which is reasonably convenient to both Mortgagor and Mortgagee. If notice to Mortgagor of any intended disposition of any of the Mortgaged Property constituting personal property or any other intended action is required by law in a particular instance, such notice shall be deemed commercially reasonable if given at least thirty (30) calendar days prior to the date of intended disposition or other action. In the event of a sale under this Mortgage, whether by virtue of judicial proceedings or otherwise, the Mortgaged Property may, at the option of Mortgagee, be sold as one parcel and as an entirety or in such parcels, manner and order as Mortgagee in its sole discretion may elect. Any proceeds following a foreclosure remaining of payment of all outstanding loans to Mortgagor shall be returned to Mortgagor. Wells Fargo Affordable Housing Community Development Corporation, the investor limited partner of Mortgagor (the “Investor Limited Partner”), shall have the right, but not the obligation, to cure any Event of Default by Mortgagor under this Mortgage or any default under