Common use of Continued Liability Clause in Contracts

Continued Liability. Borrower shall remain primarily liable on this Note and the Security Documents until full payment, unaffected by any agreement or transaction between Lender and any subsequent Borrower as to payment of principal, interest or other moneys, by any forbearance or extension of time, guaranty or assumption by others, or by any other matter, as to all of which notice is hereby waived by Borrower.