3. OBLIGATIONS NOT AFFECTED. Guarantors covenants, agreements and obligations under this Guaranty shall in no way be released, diminished, reduced, impaired or otherwise affected by reason of the happening from time to time of any of the following things, for any reason, whether by voluntary act, operation of law or order of any competent governmental authority and whether or not Guarantor is given any notice or is asked for or gives any further consent (all requirements for which, however arising, Guarantor hereby WAIVES):
(a) Release or waiver of any obligation or duty to perform or observe any express or implied agreement, covenant, term or condition imposed under the Indebtedness by applicable law on Debtor.
(b) Extension of the time for payment of any part of the Indebtedness or any other sums payable under the Indebtedness, extension of the time for performance of any other obligation under or arising out of or in connection with the Indebtedness or change in the manner, place or other terms of such payment or performance.
(c) Settlement or compromise of any or all of the Indebtedness.
(d) Renewal, supplementing, modification, rearrangement, amendment, restatement, replacement, cancellation, rescission, revocation or reinstatement (whether or not material) of any part of the Indebtedness or any obligations under the Indebtedness of Debtor (without limiting the number of times any of the foregoing may occur).
(e) Acceleration of the time for payment or performance of the Indebtedness or any other obligation under the Indebtedness or exercise of any other right, privilege or remedy under or in regard to the Indebtedness.
(f) Failure, omission, delay, neglect, refusal or lack of diligence by Creditor to assert, enforce, give notice of intent to exerciseor any other notice with respect toor exercise any right, privilege, power or remedy conferred on Creditor under the Indebtedness or by law or action on the part of Creditor granting indulgence, grace, adjustment, forbearance or extension of any kind to Debtor.
(g) Release, surrender, exchange, subordination or loss of any security or lien priority in connection with the Indebtedness.
(h) Release, modification or waiver of, or failure, omission, delay, neglect, refusal or lack of diligence to enforce, any guaranty, pledge, mortgage, deed of trust, security agreement, lien, charge, insurance agreement, bond, letter of credit or other security device, guaranty, surety or indemnity agreement whatsoever.
(i) Taking or acceptance of any other security or guaranty for the payment or performance of any or all of the Indebtedness or the obligations of Debtor.
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