Upon the occurrence of a default hereunder, Holder may, at its election and without presentment, demand or notice or protest of any kind, all of which are expressly waived by Maker, take any action permitted at law or in equity, including, without limitation declare the entire balance of principal and interest thereon immediately due and payable, together with all costs of collection, including reasonable attorneys’ fees and all expenses incurred in connection with collection of all sums due hereunder. Maker expressly agrees that this Note, or any payment hereunder, may be renewed, modified or extended from time to time and at any time by Holder. This provision shall not, however, be construed as extending the time for payment of any amount hereunder and shall in no event constitute a waiver of Maker’s default with respect to such overdue amount nor prevent Holder from exercising any of its other rights and remedies with respect to such default. At such time as this Note becomes due in full, whether by acceleration (upon default or otherwise), by the occurrence of the Maturity Date or otherwise, if Maker fails to pay all amounts due the unpaid principal balance, accrued interest and costs incurred (and any judgment or decree with respect thereto) shall from and after the date due bear interest until paid at a rate equal to seven and one half percent (7.5%) per annum. The rights, powers, privileges, options and remedies of Holder, as provided in this Note, in the Security Agreement, or otherwise available at law or in equity shall be cumulative and concurrent, and may be pursued singly, successively or together at the sole discretion of Holder, and may be exercised as often as occasion therefor shall occur.