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��14��135 aft�r for�C�osure of any security interest securing the �bligati�ns, vvhether �r nat th� liability of any�bligor for such deficiency is dischar��d pursuant to sta.tute or judicial decision. �e} The Master Tenant wai�es presentment, demand for payment, notice of dishonor or nonpayment, and pratest of any instrument evid�ncing the �bligatians. To the extent of the �ollaxeral,this Agreement constitutes an absolute, unlimit�d, uncondit�onal ar�d continuing guaranty �f payment, not collection. The �ecured Party sha�l not �� required first to�r��ort for payrn�nt of - the �biigations to any persons or their properties, ar first to enforce, realize up�n or exhaust any collateral se�urity for�bl igations, bef�re enforcing this Agreement. (� The l iabil ity of the Master Tenant under this Agreement is in additi�n to and shall be cumu�ati�e with a�l other liabilities of the Master T�nant t� Secured Party as obligor or othervvise, vvithout any limitation as to am�unt, and all other liabilities of any other Persan wh� guarantees all or any portion af the �b�igations, unless the instrument ar agreement evidencing or creating such�ther liahility specif�ally pro�ides to the contrary. �g} Th�s Agreement shal� be effective upon de�i�ery to Secured Party, withaut further act, cnnditi�n or acceptance by Secured �'arty. Any inval idity or unenforceabi 1 ity of any provision of application of this Agreement sha�l not affe�t other lawful pro�isians and application hereof, and to this end the provisions of this Agreement are declared ta be se�erahle. �h} Master Tenar�t hereby co�enants that this Agreerx�ent will not be discharged except by camplete performance of the ohligati�ns conta�ned in this Agreement. Master Tenar�t wai�es all setoffs and counterclaims and a1� presentments, d�mands far performance, n�tices �f nonperformance, protests, notices of protest, nfltices of dishonor, and notices of acceptance of, and reliance on, this Agreement. Master Tenar�t fur�her vvaives all �i} natices of the existence, creation or incurring of new or additi�nal indebtedness, arising e�ther frorn additional ��ans extended to Master Tenant or BorroWer, or othervvise, �ii} notices that the principal amou�t, or any p�rtion thereof(and any interest there�n}, of the Loan or any of the ather�bligations is due, �iii} notices of any and all proceedings ta collect from Mast�r Tenant andlor Borr�wer af ail or any part of the �bligatians, ar from any�r�e els�, �i�}, to the extent permitted by law, notices of exchange, sa�e, surrender or other handling of any se�urity or cnllateral gi�en to Secured Party ta s�cure payment af alI or any part of the �b�igations, and �� defenses based on suretyship or impairment of collatera�. 22. MISCELLANE�US. � (a} This Agreement is intended to be supplemental to and not in substitutian or in derogation of any s��urity agreement contain�d in any other Loan Document. �b} In any instance wh�re the conser�t or appro�al of the Secured Party may be given nr is requir�d or any determinatian is ta be rendered by the Secured Par�y hereund�r, the granting, vvithholding ar denial of such consent �r appra�ai and the rendering of such determination shall be made or exercised by the Se�ured Party at its sale and exclusi�e option. �c} It is understo�d and agreed that no judgm�nt ar decree which may be entered an any debt se�ured ar intended to be secured hy the Secur�ty Instrument shall operate ta Pre�ivus versions obso�ete Page 19 af Z� farm HUD-92340-�RCF�Rev.�31�3}