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14 <br /> default, then, at the option of the Holder, without prior notice, this Note shall bear interest at <br /> the rate of ten percent (10%) per annum. <br /> a. Curing of Monetary Default. <br /> If a monetary event of default occurs under the terms of any of the Loan <br /> Documents, before exercising any remedies thereunder, Holder shall give Maker written <br /> notice of such default. Maker shall have a period of ten (10) calendar days after such notice <br /> is given, or such longer period of time as may be specified in the Loan Documents, within <br /> which to cure the default before exercise of remedies by Holder under this Note or the Loan <br /> Documents. <br /> A default in payment of any amount due hereunder may be cured only by <br /> payment in full of such amount plus the interest accrued from the date of default, as stated <br /> above, on the unpaid principal balance as of the date of default until the date of payment <br /> resulting from application of a default rate of interest as provided herein, if any, that may be <br /> due hereunder or under any instrument relating to or securing this Note, plus any attorneys' <br /> fees incurred by the Holder by reason of such default. <br /> b. Curing of Nonmonetary Default. <br /> If a nonmonetary event of default occurs under the terms of any of the Loan <br /> Documents, prior to exercising any remedies thereunder, Holder shall give Maker written <br /> notice of such default. <br /> If the nonmonetary default is reasonably capable of being cured within thirty <br /> (30) calendar days, Maker shall have such period to effect a cure prior to exercise of <br /> remedies by Holder under the Loan Documents, or such longer period of time as may be <br /> specified in the Loan Documents. If the default is such that it is not reasonably capable of <br /> being cured within thirty (30) calendar days or such longer period if so specified, and if <br /> Maker, in the reasonable determination of Holder, (a) initiates corrective action within said <br /> period and (b) diligently, continually, and in good faith works to effect a cure as soon as <br /> possible, then Maker shall have such additional time as Holder determines is reasonably <br /> necessary to cure the default prior to exercise of any remedies by Holder. In no event shall <br /> Holder be precluded from exercisingremedies if its security becomes or is about to become <br /> materially jeopardized by any failure to cure a default or if the default is not cured within sixty <br /> (60) calendar days after the first notice of default is given, or such longer period of time as <br /> may be specified in the Loan Documents. <br /> 8. No waiver. Failure to exercise any right the Holder may have or be <br /> entitled to in the event of any default hereunder shall not constitute a waiver of such right or <br /> any other right in the event of any subsequent default. <br /> 9. Waiver of Presentment. The Maker and all guarantors and endorsers <br /> hereof hereby severally waive presentment for payment, protests, and demand, notice of <br /> protest, demand,dishonor, and nonpayment of this Note, and consent that the Holder hereof <br /> may extend the time of payment or otherwise modify the terms of payment of any part or <br /> B-2 <br /> 92 <br />