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Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or <br />reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if <br />Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with <br />Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined <br />by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute. <br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, <br />endorser, surety, or accommodation party of any of the indebtedness or any guarantor, endorser, <br />surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, <br />or liability under, any guaranty of the indebtedness evidenced by this Note. <br />Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender <br />believes the prospect of payment or performance of this Note is impaired. <br />Insecurity. Lender in good faith believes itself insecure. <br />NOTICE OF DEFALTI.T. If Borrower fails to make any payment on the Note when due, Lender shall <br />deliver to Borrower written notice of such default describing the amount past due, and if Borrower fails to <br />bring the payment current within ten (10) days after delivery of such notice, this failure shall be an Event of <br />Default as provided above. Further, if Borrower fails to comply with any of the other terms and conditions <br />of this Note and the instruments securing same within thirty (30) days from date of written notice from <br />Lender, this, too, shall constitute an Event of Default under the terms of this Note. <br />LENDER'S RIGHTS. Upon default, Lender may declare the entire indebtedness, including the unpaid <br />principal balance on this Note, all accrued unpaid interest, and all other amounts, costs and expenses for <br />which Borrower is responsible under this Note or any other agreement with Lender pertaining to this loan, <br />immediately due, without notice, and then Borrower will pay that amount. <br />ATTORNEYS' FEES; EXPENSES. Lender may hire an attorney to help collect this Note if Borrower <br />does not pay, and Borrower will pay Lender's reasonable attorneys' fees. Borrower also will pay Lender all <br />other amounts Lender actually incurs as court costs, lawful fees for filing, recording, or releasing to any <br />public office any instrument securing this Note; and the reasonable cost actually expended for repossessing, <br />storing, preparing for sale, and selling any security. <br />JURY WANER. Lender and Borrower hereby waive the right to any jury trial in any action, <br />proceeding, or counterclaim brought by either Lender or Borrower against the other. <br />GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with <br />Federal Law and the laws of the State of Texas. This Note has been accepted by Lender in the State <br />of Texas. <br />CHOICE OF VENUE. If there is a lawsuit, and if the transactions evidenced by this Note occurred in <br />Lamar County, Borrower agrees upon Lender's request to submit to the jurisdiction of the Courts of Lamar <br />County, State of Texas. <br />DISHONORED CHECK CHARGE. Borrower will pay a processing fee of $25.00 if any check given by <br />Borrower to Lender as a payment on this loan is dishonored. <br />RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all <br />Borrower's accounts with Lender (whether checking, savings or some other account). This includes all <br />accounts Borrower holds jointly with someone else and all accounts Borrower may open in the future. <br />However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be <br />125 <br />