[§657D-6]  Effect on rights, remedies, etc.,
pursuant to written agreements entered after commencement of military service. 
Nothing in this chapter shall prevent:



(1)  The modification, termination, or cancellation of
any contract, lease, or bailment or any obligation secured by mortgage, trust
deed, lien, or other security in the nature of a mortgage; or



(2)  The repossession, retention, foreclosure, sale,
forfeiture, or taking possession of property that is security for any
obligation or which has been purchased or received under a contract, lease, or
bailment;



pursuant to a written agreement of the parties
thereto (including the person in military service, whether or not the person is
a party to the obligation), or their assignees, executed during or after the
period of military service of that person. [L 1994, c 257, pt of §2]