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possession of the Property, enter into contracts for and otherwise proceed with the <br />completion of the construction by expenditure of its own funds; <br />(c) Exercise any of its rights under the Loan Documents and any rights <br />provided by law, including, without limitation, the right to seek specific performance and <br />the right to foreclose on any security and exercise any other rights with respect to any <br />security, all in such order and manner as Agency elects in its sole and absolute discretion; <br />and, <br />20.3 Cumulative Remedies: No Waiver. Agency's rights and remedies under <br />the Loan Documents are cumulative and in addition to all rights and remedies provided <br />by law. The exercise by Agency of any right or remedy shall not constitute a cure or <br />waiver of any default, nor invalidate any notice of default or any act done pursuant to any <br />such notice, nor prejudice the Agency in the exercise of any other right or remedy. No <br />waiver of any default shall be implied from any omission by Agency to take action on <br />account of such default if such default persists or is repeated. No waiver of any default <br />shall affect any default other than the default expressly waived, and any such waiver shall <br />be operative only for the time and to the extent stated. No waiver of any provision of any <br />Loan Document shall be construed as a waiver of any subsequent breach of the same <br />provision. Agency's consent to or approval of any act by Developer requiring fixrther <br />consent or approval shall not be deemed to waive or render unnecessary Agency's <br />consent to or approval of any subsequent act. The Agency's acceptance of the late <br />performance of any obligation shall not constitute a waiver by Agency of the right to <br />require prompt performance of all further obligations; Agency's acceptance of any <br />performance following the sending or filing of any notice of default shall not constitute a <br />waiver of either party's right to proceed with the exercise of its remedies for any <br />unfulfilled obligations; and Agency's acceptance of any partial performance shall not <br />constitute a waiver by Agency of any rights. <br />20.4 Nonrecourse Liability. Neither Developer, nor any partner of Developer, <br />shall have any personal liability under this Agreement, or the attached Note and Deed of <br />Trust, and any judgment, decree or order for the payment of money obtained in any action to <br />enforce the obligation of Developer to repay the loan evidenced by such documents shall be <br />enforceable against Developer only to the extent of Developer's interest in the Property. <br />21. MISCELLANEOUS <br />21.1 Obligations Unconditional and Independent. Notwithstanding the <br />existence at any time of any obligation or liability of Agency to Developer, or any other <br />claim by developer against Agency, in connection with the Loan or otherwise, Developer <br />hereby waives any right it might otherwise have (a) to offset any such obligation, liability <br />or claim against Developer's obligations under the Loan Documents, or (b) to claim that <br />the existence of any such outstanding obligation, liability or claim excuses the <br />nonperformance by Developer of any of its obligations under the Loan Documents, <br />21.2 Notices. All notices, demands, approvals and other communications <br />provided for in the Loan Documents shall be in writing and be delivered to the <br />appropriate party by personal service or U. S. mail at its address as follows; <br />33 <br />