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demand or notice, become immediately due and payable, anything contained in this Note to the <br /> contrary notwithstanding. Issuer may exercise this option to accelerate regardless of any prior <br /> forbearance. Issuer, at its option, shall have the right to perform all acts necessary for the <br /> performance, sale, collection and enforcement of any collateral securing this Note and/or any <br /> other agreement or document executed in connection herewith. Enforcement by Issuer of any <br /> security for Maker's obligations under this Note shall not constitute an election by Issuer of <br /> remedies so as to preclude the exercise of any other right or remedy available to Issuer. In <br /> addition to all other remedies available to Issuer after an Event of Default hereunder, Issuer may, <br /> without demand or notice of any kind, apply any funds of Maker on deposit with or in the <br /> possession of Issuer toward the payment of any indebtedness outstanding under this Note, in such <br /> manner of application as Issuer may choose. All rights and remedies of Issuer herein specified <br /> are cumulative and in addition to, not in limitation of, any rights and remedies which Issuer may <br /> have by law or at equity. <br /> 13. [This section is intentionally left blank]. <br /> 14. [This section is intentionally left blank]. <br /> 15. Waiver and Consent. Presentment, notice of intent to accelerate, notice of <br /> acceleration, notice of dishonor and demand, valuation and appraisement, protest and diligence <br /> in collection and bringing suit are hereby severally waived by Maker and each endorser or <br /> guarantor, each of whom further consents that the time for the payment of this Note, or of any <br /> installment hereunder, may be extended from time to time without notice by Issuer. All <br /> guarantors, sureties and accommodation parties of this Note hereby waive generally and <br /> specifically, to the extent waivable, any and all rights that they may have, by contract, at equity <br /> or under any state or federal law, to any defense, offset, claim in recoupment or counterclaim not <br /> specifically set forth herein or in the Loan Documents. <br /> 16. No Waiver. No waiver of any default or failure or delay to exercise any right or <br /> remedy by Issuer shall operate as a waiver of any other default or of the same default in the <br /> future or as a waiver of any right or remedy with respect to the same or any other occurrence. <br /> The acceptance by Issuer of any payment after the due date of such payment, or in an amount <br /> which is less than the required payment, shall not be a waiver of Issuer's right to require prompt <br /> payment when due of all other payments or to exercise any right or remedy with respect to any <br /> failure to make prompt payment. <br /> 17. Usury Laws. It is the intention of the parties hereto to comply strictly with all <br /> applicable usury laws. All agreements between Maker and Issuer, whether now existing or <br /> hereafter arising and whether written or oral, are hereby expressly limited so that in no <br /> contingency or event whatsoever, whether by reason of acceleration of the maturity hereof, or <br /> otherwise, shall the amount paid, or agreed to be paid to Issuer for the use, forbearance, or <br /> detention of the money to be loaned hereunder or otherwise or for the payment or performance of <br /> any covenant or obligation contained herein or in any other document evidencing, securing, or <br /> pertaining to the indebtedness evidenced hereby, exceed the maximum amount permissible under <br /> applicable law. If from any circumstance whatsoever fulfillment of any provision hereof or of <br /> such other documents, at the time performance of such provision shall be due, shall involve <br /> transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled <br /> 10 <br />