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2005078'74 (iii) Borrower waives its rights under California Civil Code Section 2815 and agrees that by doing so Borrower has no right to revoke this Security Instrument until all obligations under the Loan Documents have been fully satisfied. (iv) Borrower waives its rights under California Civil Code Section 2819 and agrees that by doing so Borrower's liability and the enforceability of this Security Instrument shall continue even if Lender alters any term or obligation under the Loan Documents in any respect. (v) Borrower waives its rights under California Civil Code Section 2839 and agrees that by doing so (A) its obligations under this Security Instrument shall not be deemed satisfied by a mere offer of payment by the Cross - collateralized Borrowers, or any other person, of the principal obligations under the Loan Documents, and (B) Borrower's liability under and the enforceability of this Security Instrument shall continue until all obligations under the Loan Documents have been fully satisfied. (vi) Borrower waives all benefits and defenses it may have under California Civil Code Sections 2845, 2849 and 2850, including, without limitation, the right to require Lender to (A) proceed against the Cross - collateralized Borrowers, any guarantor, other surety, other pledgor of collateral for the obligations under the Loan Documents or any other person related to the obligations under the Loan Documents, (B) proceed against or exhaust any other security or collateral Lender may hold, or (C) pursue any other right or remedy for Borrower's benefit, and agree that Lender may foreclose against all or a part of any security Lender may hold without taking any action against the Cross - collateralized Borrowers, any guarantor, other surety, other pledgor of collateral for the obligations under the Loan Documents or any other person related to the obligations outstanding under the Loan Documents, and without proceeding against or exhausting any security or collateral Lender holds. (vii) Borrower waives its rights under California Civil Code Sections 2899 and 3433 and agrees that by doing so Lender has no obligation regarding the order in which Lender exercises its remedies against any collateral security encumbered pursuant to any of the Loan Documents. (viii) Borrower waives diligence and all demands, protests, presentments and notices of every kind or nature, including notices of protest, dishonor, nonpayment, acceptance of this Security Instrument and creation, renewal, extension, modification or accrual of any of the obligations under the Loan Documents. Borrower also waives the right to plead all statutes of limitation as a defense to Borrower's liability under, or the enforceability of, this Security Instrument. (ix) Borrower waives any rights or benefits it may have by reason of California Code of Civil Procedure Section 580a which could limit the amount which Lender could recover in a foreclosure of the Property to the difference between the amount owing under the Loan Documents and the fair value of the Property or other real property sold at a nonjudicial foreclosure sale or sales of any other real property held by Lender as security for the obligations under the Loan Documents. (x) Borrower waives all rights and defenses arising out of an election of remedies by Lender, even though that election of remedies, such as a nonjudicial foreclosure of the Property or any other real property given to secure the obligations under the Loan Documents, destroys Borrower's rights of subrogation and reimbursement against the Cross - collateralized Borrowers by the operation of Section 580d of the California Code of Civil Procedure or otherwise. (o) Borrower Informed of the Cross- collateralized Borrowers' Condition. Borrower acknowledges that it has had an opportunity to review the Loan Documents, the value of the security for the obligations under the Loan Documents and the other Cross - collateralized Borrowers' financial condition and ability to satisfy the obligations under the Loan Documents to which any of the other Cross - collateralized Borrowers is a party. Borrower agrees to keep itself fully informed of all aspects of the other Cross - collateralized Borrowers' financial condition and the performance of the other Cross - collateralized Borrowers' obligations to Lender and that Lender