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enforcing. . a.. .jud.gment ;against;. the Guarantor_ upon .this •. <br /> Guaranty.. -The Guarantor further waives . any requirement that <br /> HRA seek -performance :by Redeveloper, or any other person, : of <br /> any obligation under the Guarantied Obligations or any <br /> collateral security therefor as a condition precedent to making <br /> a demand .on, .or bringing any '.action or obtaining and/or <br /> enforcing a judgment against, the Guarantor upon this Guaranty, <br /> it being agreed that upon failure of Redeveloper to perform its <br /> duties under the Guarantied Obligations, the Guarantor ' s <br /> obligations hereunder shall without further act mature <br /> immediately and automatically, without notice or demand or any <br /> other action by HRA. The Guarantor further acknowledges that . <br /> time is of the essence with: respect to his obligations under • <br /> this Guaranty. The Guarantor shall not have any right of <br /> setoff against HRA with respect to any of his obligations <br /> hereunder . Any remedy or right hereby granted which shall be <br /> found to be unenforceable -as to any person or under any <br /> circumstance, for7 'any reason, shall in no way limit or prevent <br /> the enforcement of such remedy or right as to any other person <br /> or circumstance, nor shall such unenforceability limit or <br /> prevent enforcement of any other . remedy or right hereby granted . <br /> 14 . The Guarantor specifically agrees that in the <br /> event of :recourse by HRA .to any security which secures any part <br /> or all of the Guarantied Obligations .and in the event of a <br /> deficiency -resulting therefrom, the Gua-rantor . shall be, and .is <br /> • <br /> -8- <br /> -- a <br />