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or private proceedings , in one or more parcels at the same or <br /> different time with or without having the collateral at the place <br /> of sale or other disposition, for cash, upon credit or for future <br /> delivery, and in connection therewith the City may grant options , <br /> at such place or places and time or times and to such persons , <br /> firms or corporation as the City deems best , and without demand <br /> for performance or any notice or advertisement whatsoever except <br /> that where an applicable statute requires reasonable notice of <br /> sale or other disposition the undersigned hereby agrees that <br /> five days ' notice by ordinary mail , postage prepaid, to any <br /> address of Omega set forth at the foot of this Agreement , of <br /> the place and time of any public sale or of the place and time <br /> after which any private sale or other disposition may be made , <br /> shall be deemed reasonable notice of such sale or other disposition; <br /> and/or liquidate or dispose of the collateral or any part thereof <br /> in any other commercially reasonable manner. <br /> If any of the collateral is sold by the City upon credit <br /> or for future delivery, the City shall not be liable for the <br /> failure of the purchaser to purchase or pay for the same and, <br /> in the event of any such failure, the City may resell such <br /> collateral. Omega hereby waives all equity and right of <br /> redemption. The City may buy any part or all of the collateral <br /> at any public sale and if any part or all collateral is of a <br /> type customarily sold in a recognized market or is of a type <br /> which is the subject of widely distributed standard price <br /> quotations the City may buy at private sale , all free from any <br /> equity or right of redemption which is hereby waived and released <br /> by. <br /> 7 . Liability disclaimer. Under no circumstances whatsoever <br /> shall the City be deemed to assume any responsibility for or <br /> obligation or duty with respect to any part or all of the <br /> collateral , of any nature of kind whatsoever, or any matter of <br /> proceedings arising out of or relating thereto. The City shall <br /> not be required to take any action of any kind to collect or <br /> protect any interest in the collateral , including but not limited <br /> to any action necessary to preserve it ' s or Omega ' s rights against <br /> -8- <br />