The Bank’s Rights Over Your Secured Account and Funds Sample Clauses

The Bank’s Rights Over Your Secured Account and Funds. If you Default under this Agreement, the security interest, pledge and assignment in your Current Build Deposit Account, Secured Account and Funds given to us by you by this Security Agreement gives the Bank the right to make settlements or compromises on your Current Build Deposit Account and Secured Account; transfer your Current Build Deposit Account and Secured Account to the Bank’s own name; or exercise ownership rights in connection with your Current Build Deposit Account and Secured Account. To the extent permitted by law, you waive any right to require the Bank to: (i) proceed against you or any other person; (ii) proceed against or exhaust any security you have provided to us through other agreements; or (iii) pursue any other remedy in the Bank’s power. We may, without prior notice, and from time to time: (1) renew, compromise, extend, accelerate or otherwise change the terms relating to the Debt; (2) take and hold security other than the Current Build Deposit Account and Secured Account for payment of the Debt and enforce, exchange and release the security in any manner that the Bank determines is proper; (3) release or substitute you, any guarantor, or any endorser of the Debt; and (4) increase or lower the Spending Limit on your Card Account, and no such action shall change the fact that the Current Build Deposit Account and Secured Account at all times will be held by the Bank as security for the Debt.
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