Common use of Remedies of the Secured Party Clause in Contracts

Remedies of the Secured Party. In the event of the occurrence of one or more of the Events of Default, and if the Secured Party elects to accelerate the Note and require the entire unpaid principal balance under the Note, together with interest and other charges, if any, secured by this Security Agreement to be immediately due and payable in full, each of the following shall apply;