Generally. If any Event of Default has occurred and is then continuing, following the declaration by the Lender of a Loan Default pursuant to the Secured Promissory Note, the Secured Party may exercise in respect of the Collateral, in addition to all other rights and remedies otherwise available to it at law or in equity, all the rights and remedies of the Secured Party upon default under the UCC to collect, enforce or satisfy any Secured Obligations then owing, whether by acceleration or otherwise.

If any Event of Default shall have occurred and be continuing beyond any applicable grace or cure periods, Lender may exercise, without any other notice to or demand upon any Grantor (except as otherwise provided herein), in addition to the other rights and remedies provided for herein or in any other Credit Document or otherwise available to it, all the rights and remedies of a secured party upon default under the UCC (whether or not the UCC applies to the affected Pledged Collateral) and also may:

Rights and Remedies Upon Default. Upon the occurrence of any Event of Default and at any time thereafter, the Secured Parties shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Parties shall have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then located). Without limitation, the Secured Parties shall have the following rights and powers:

SECTION # Remedies Upon Default. Upon the occurrence of any Default (as defined in the Note), [[Secured Party:Organization]] shall be entitled, without further notice, to have and enforce all the rights and remedies available under this Security Agreement, by statute, contract, at law and/or in equity, including, but not limited to, the right to declare all Indebtedness owed to [[Secured Party:Organization]] immediately due and payable and to dispose of the Collateral as allowed under the UCC. [[Secured Party:Organization]] may require [[Debtor:Organization]] to deliver to [[Secured Party:Organization]] all or any portion of the Collateral and any and all documents relating to the Collateral.