No delay or omission on the part of the Lender in the exercise of any right, power or privilege hereunder shall impair such right, power or privilege or be construed as a waiver of any default or any acquiescence therein; and any single or partial exercise of any such right, power or privilege shall not preclude any other or further exercise thereof or the exercise of any other rights. The rights and remedies herein specified are cumulative and not exclusive of any other rights and remedies which the Lender would otherwise have.