Common use of Additional Rights of Lender Clause in Contracts

Additional Rights of Lender. 8.1.1. Lender shall have the right to commence, appear in, or defend any action or proceedings purporting to affect the Premises or its furnishings or equipment or the rights or duties of the parties hereunder or the payment of any of the Loan proceeds and, in connection therewith, to pay all necessary expenses, including reasonable attorneys' and legal assistants' fees, and any such sums paid or expended by Lender, plus interest thereon at the rate applicable to Advances hereunder (as specified in the Note), shall be repaid by Borrower to Lender on demand and shall be secured by the Security Documents. 8.1.2. If Lender determines that any work or materials are not in material conformity with the Plans or ordinances, statutes, permits, and regulations, and Lender's security is placed in jeopardy thereby, Lender may stop the work and other replacement or correction regardless of whether such work or materials have theretofore been incorporated into the Improvements. 8.1.3. For the purpose of exercising the rights granted by this Paragraph 8.1, Borrower irrevocably constitutes and appoints Lender its true and lawful attorney-in-fact, with full power of substitution, to execute, acknowledge, and deliver any instruments and to do and perform any acts in the name and on behalf of Borrower. 8.1.4. Any notices under this paragraph shall specify the reason Lender is taking any of the acts and actions authorized under this paragraph.

Additional Rights of Lender. 8.1.1. Lender shall have the further right to commence, appear in, in or defend any action or proceedings purporting to affect the Premises Land or any portion thereof or its furnishings or equipment or the rights or duties of the parties hereunder or the payment of any of the Loan proceeds of the Loans and, in connection therewith, to pay all necessary expenses, including reasonable attorneys' and legal assistants' fees, ’ fees and any such sums paid or expended by Lender, plus interest thereon at the rate applicable to Advances hereunder (as specified in the NoteNotes), shall be repaid by Borrower to Lender on demand demand, and shall be secured by the Security Documents. 8.1.2. If In the event Lender determines shall determine that any work or materials from time to time undertaken are not in material conformity with the Plans or ordinances, statutes, permits, permits and regulations, and the Lender's ’s security is placed in jeopardy thereby, Lender may stop the work and other order replacement or correction regardless of whether or not such work or materials have theretofore been incorporated into the Improvements. 8.1.3. For the purpose of exercising the rights granted by this Paragraph 8.1Section, Borrower irrevocably constitutes and appoints Lender its true and lawful attorney-in-fact, with full power of substitution, to execute, acknowledge, acknowledge and deliver any instruments and to do and perform any acts in the name and on behalf of Borrower. 8.1.4. Any notices under this paragraph Section shall specify the reason Lender is taking any of the acts and actions authorized under this paragraphSection.