What does a maker of a Note related to a Bumble Roofing franchise waive?

According to the 2025 Bumble Roofing FDD, the maker and endorsers of a Promissory Note waive certain rights related to the note. Specifically, they waive presentment for acceptance and payment, notice of dishonor, and protest of dishonor. Additionally, they agree to any extension of time of payment and partial payments, whether these occur before, at, or after the maturity date of the note.

In simpler terms, this means that Bumble Roofing is not required to formally present the note for payment or notify the maker if the payment is not honored. The maker also agrees to potential extensions or partial payments without further notice or consent. This provides Bumble Roofing with more flexibility in managing the note and reduces the administrative burden on them in case of payment issues.

For a prospective Bumble Roofing franchisee, this clause in the Promissory Note means they are giving up some of their rights as a borrower. They should be aware that they might not receive formal notices typically associated with debt instruments and that the payment schedule could be adjusted without their explicit consent each time. It is crucial to fully understand the implications of these waivers before signing the Promissory Note, as it could affect their repayment obligations and rights in case of disputes.