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g~p.~.. UU499g or maintained subsequent to such foreclosure action for the balance of the indebtedness hereunder remaining unpaid after the exhaustion of the security, provided, however, that nothing contained in this Note or the Mortgage shall (a? be or be construed as being a release or impairment of the indebtedness secured by the lien of the Mortcaae, or (b)ore- elude CM from foreclosing the Mortgage in case of the occur- rence of a default under .the Mortgage or from enforcing any of its rights under the Mortgage, or {c) prevent CM from enforcing its rights to receive certain sums upon and sub- ject to the terms and conditions contained in the Agreement. The undersigned hereby waives all applicable exemp- tion rights as well as valuation and appraisement, presentment and demand for payment, protest and notice of protest, notice of dis.'wnor, protest and demand, demand and dishonor, and pan-pagznent of this Note, and expressly agrees that its liability e under this Note shall not be affected by any renewal or extension in the time of payment of the principal or interest due and payable hereunder, regardless of the number of such renewals or exteasions_ No release of or change in an}= security or part thereof for the repayment of this Note, no extension of time for repayment of the indebtedness hereunder or any alternative amount and no waiver of any provisions of the Mortgage ar of any security agreement entered into between Grand and any other person or persons shall similarly release, modify cr affect the liability of Gcaad hereunder. 4 a ~.