Unconditional guarantee agreement.
State the name of the Guarantor, referred to as Guarantor, hereby guarantees the payment to State the name of the Creditor, referred to as to the Obligee of: Include the following if mark the type of guarantee: Unlimited in amount- continuing
any and all obligations, regardless of the kind, or how the same arose, that may now exist or may accrue in the future, of Enter the name of the Debtor, regardless of the amount. THIS IS AN UNLIMITED CONTINUING GUARANTEE. Include the following if mark the type of guarantee: For a specific obligation
the following obligation of Enter the name of the Debtor:
Specifically state the debt guaranteed
and any extensions, modifications or novations thereof. Include the following if mark the type of guarantee: For all obligations, but limited in amount
any and all obligations, regardless of kind, or how the same arose of Enter the name of the Debtor, however, the total amount of the guarantee and the liability of State the name of the Guarantor shall not exceed a total of $ Enter the total amount guaranteed (Enter the total amount guaranteed Dollars.) The liability of Guarantor shall not be affected or impaired by the existence of a liability of Enter the name of the Debtor in excess of the amount of the guarantee.
The Guarantor waives:
diligence by State the name of the Creditor in collection of any indebtedness or other obligation guaranteed herein;
notice of nonpayment, protest, notice of protest or other such notice;
The Obligee may:
grant renewals, extensions or modifications of the obligation or indebtedness;
surrender or release any and all security or collateral;
release co-guarantors if any;
without affecting the Guarantors obligations herein.
The Obligee shall not have to:
first institute suit against Enter the name of the Debtor prior to demanding payment under this guarantee;
exhaust any remedies it may have against Enter the name of the Debtor;
give notice of acceptance of this guarantee;
and may in its discretion seek to enforce this guarantee solely against Guarantor.
Should there be any additional guarantor of the obligations of Enter the name of the Debtor, whether in whole or in part, this guarantee shall not be affected by the death, release, or insolvency of any other guarantor.
READ CAREFULLY. THIS IS AN AGREEMENT TO GUARANTEE THE DEBTS OF ANOTHER. THIS MEANS THAT YOU MAY HAVE TO PAY THE WHOLE DEBT OR OBLIGATION OF Enter the name of the Debtor.
The guarantor may revoke this guarantee upon written notice to the Obligee; however, such revocation shall not affect the liability accrued to that date, if any.
This is the entire agreement of the parties and this agreement may only be modified by a written agreement executed by both parties.