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<br />ARTICLE VI <br />REMEDIES <br />6.1 REMEDIES AND RIGHTS UPON DEFAULT. Upon the occurrence of an <br />Event of Default and the expiration of any applicable cure period, Agency shall have all <br />remedies available to it under law or equity, including, but not limited to the following, and <br />Agency may, at its election, without notice to or demand upon Owner, except for notices or <br />demands required by law or expressly required pursuant to the Loan Documents, exercise <br />one or more of the following remedies: <br />a) Accelerate and declare the balance of the Note and interest accrued thereon <br />immediately due and payable; <br />b) Seek specific performance to enforce the terms of the Loan Documents; <br />c) Foreclose on the Property pursuant to the Deed of Trust; <br />d) Pursue any and all other remedies available under law to enforce the terms of <br />the Loan Documents and Agency's rights thereunder. <br />6.2 REMEDIES CUMULATIVE. Each of the remedies provided herein is <br />cumulative and not exclusive of, and shall not prejudice any other remedy provided in any <br />other Loan Document. The Agency may exercise from time to time any rights and <br />remedies available to it under applicable law, in addition to, and not in lieu of, any rights <br />and remedies expressly granted in this Agreement or in any other instrument or notice, <br />demand or legal process of any kind. <br />ARTICLE VII <br />MISCELLANEOUS <br />7.1 NOTICES. Except as otherwise specified in this Agreement, all notices to be <br />sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their <br />respective addresses specified below or to such other address as a Party may designate by <br />written notice delivered to the other Party in accordance with this Section. All such notices <br />shall be sent by: <br />(a) personal delivery, in which case notice shall be deemed delivered upon <br />receipt; <br />(b) certified or registered mail, return receipt requested, in which case notice <br />shall be deemed delivered two (2) business days after deposit, postage prepaid in the <br />United States mail; <br />(c) nationally recognized overnight courier, in which case notice shall be <br />deemed delivered one (1) day after deposit with such courier; or <br />i i~zz3~-z 13 <br />