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,. Northstar Title, Inc., a Minnesota corporation (the "Con- struction Loan Agreement"). _ The City, for itself, its successors, and assigns, here- by waives demand, presentment, protest, and notice of dis- honor. The remedies of the Lender, as provided herein and in the Mortgage, the Assignment, the Agreement, the Pledge Agreement, and the Construction Loan Agreement, are not exclusive and shall be cumulative and concurrent and may be pursued singly, successively, or together, at the sole dis- cretion of the Lender, and may be exercised as often as occasion therefor shall occur, and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release thereof. The Lender shall not be deemed, by any act of omission or commission, to have waived any of its rights or remedies hereunder unless such waiver is in writing and signed by the Lender and then only to the extent specifically set forth in the writing. A waiver with reference to one event shall not be construed as continuing or as a bar to or waiver of any right or remedy as to a subsequent event. This Note may be transferred or exchanged, as provided in the Note Resolution, only upon the Note Register kept by First Bank Robbinsdale, National Association, as Note Regis- trar, for such purpose, by the Lender in person or by its attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer or exchange in the form specified in the Note Resolution duly executed by the Lender or such duly authorized attorney, and there- upon, at the request and expense of the Lender, the Ci ty shall issue and deliver in the name of the designated trans- feree or transferees a new Note or Notes of the same aggre- gate principal amount, designation, maturity, and interest rate as the surrendered Note and in any authorized denomina- tion, all as provided in the Note Resolution. The City and the Note Registrar may treat and consider the Lender of this Note as the holder and absolute owner hereof for the purpose of receiving payment of or on account of the principal or redemption price hereof and interest due hereon and for all other purposes whatsoever. The City and its authorized officials or agents shall not be personally liable on this Note or for any act or omission related to the authorization or issuance hereof. The Note is a special and limited obligation of the City, is payable solely from the revenues pledged therefor pursuant to the Agreement and the Pledge Agreement, does not consti tute a debt of the Ci ty wi thin the meaning of the City's Home Rule Charter (the "Charter") or of any consti- tutional or statutory limitation whatsoever, does not con~ A - 4