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default h r u nder which occurs prior to the full reconveyance of ` the Deed of Trust, the Agency's sole recourse shall be to proceed against the collateral described i n the Deed o f Trust. After the full reconveyance of the Deed of Trust, Agency enforce its rights hereunder in any manner permitted by applicable lair. 7. Waivers a. Borrower res slur agrees that this Note or any payment hereunder may be tend d from time to time at the Agency's sof discretion and that the Agency may accept security in consideration for any such extension or release any security for this Note at its sole discretion all without in any way affecting the liability of Borrower. b. No extension of time for payment of this Note made by agreement by the Agency with any person now or hereafter li ab l for the payment of this Note shall operate to release, di h rg , modify, han ge or affect the original liability of Borrower u nd r this Note, either in whole or in part. C. The obligations of Borrower under this Note shall be absolute and Borrower w ai es any and all rights to offset, deduct or withhold any payments or charges due under this Note for any reasons whatsoever. d. Borrower waives presentment, demand, notice of protest and nonpayment, notice of default or delinquency, no ti of acceleration, no ti of costs, expenses or leases or interest thereon, notice of dishonor, diligence in collection or in proceeding against any of the rights of interests in or to properties securing of this Note, and the benefit of any emp t i n under any homestead exemption laws, if applicable. e. No previous waiver and no fa i l u r or delay by ncy in a tin with � respect to the terms of this Note or the Deed of Trust shall constitute a waiver of any breach, default, or failure or condition under this Note, the Deed of Trust or the obligations secured thereby. A waiver of any term of this Note, the Deed of Trust or of any of the obligations secured th r b y mu s t be mad e i n w ri ti n g an d sh a 11 b e 1 i m i to d to the e pr s s wri tten terms of such waiver. Attorneys' Fees and Costs. Borrower agrees that if any amounts due under this Note are not paid when due, to pay in addition, all costs and expenses of collection and reasonable attorneys' fees paid or incurred in connection with the collection or enforcement of this Note, whether or not suit is filed. Joint and Several Obligation. This Note is the j oint and several obligation of all makers, sureties, guarantors and endorsers, and shall be binding upon th in and their heirs, successors and assigns. 10. Amendments and Modifications. This Note may not he changed orally, but only by an amend men t in writing s igned by Borrower an d b y the Ag nc . lie g n e May Assign. Agency Islay, at its option, assign its right to receive payment under this Note without necessity of obtaining the consent of the Borrower. ATTACHMENT NO. DOS 147 3 v 1 47 -000 1