Section 2-A-501. Default: Procedure.

(1) Whether the lessor or the lessee is in default under a lease
contract is determined by the lease agreement and this Article.

(2) If the lessor or the lessee is in default under the lease
contract, the party seeking enforcement has rights and remedies as
provided in this Article and, except as limited by this Article, as
provided in the lease agreement.

(3) If the lessor or the lessee is in default under the lease
contract, the party seeking enforcement may reduce the party's claim to
judgment, or otherwise enforce the lease contract by self-help or any
available judicial procedure or nonjudicial procedure, including
administrative proceeding, arbitration, or the like, in accordance with
this Article.

(4) Except as otherwise provided in Section 1--305(a) or this Article
or the lease agreement, the rights and remedies referred to in
subsections (2) and (3) are cumulative.

(5) If the lease agreement covers both real property and goods, the
party seeking enforcement may proceed under this part as to the goods,
or under other applicable law as to both the real property and the goods
in accordance with that party's rights and remedies in respect of the
real property, in which case this part does not apply.