Personal Guarantee Required
The person below is an owner of or otherwise affiliated with the Borrower. By agreeing, you authorize the Bank to obtain credit information from any source (including but not limited to consumer reports from consumer reporting agencies) about you individually in connection with the Application and the administration of any credit facility that may be granted as a result of the Application, to the extent not prohibited by law. The Application will be the Bank’s property whether or not credit is granted. The Guarantor unconditionally guarantees and promises to pay all present and future obligations of the Borrower to the Bank (“Obligations”), including without limitation all obligations arising under or in connection with the agreement and any other credit agreements between Borrower and the Bank (together with all related documents “Documents”). Guarantor understands late payments, missed payments, or other defaults on obligations by the Borrower may be reflected in Guarantor’s consumer credit report. The Guarantor accepts and agrees to be bound by the Documents. The Guarantor waives any right to receive a separate copy of the documents including the Application and the Agreement. The Bank may amend, modify, or extend the Agreement and grant any other indulgences to the Borrower without releasing or modifying the obligations of the Guarantor. The Guarantor waives all requirements of notice, acceptance, demand and presentment, and protest and any other defense that may be available to a Guarantor. The Guarantor shall be directly and primarily liable for the Obligations jointly and severally with the Borrower and any other Guarantor. The Guarantor grants the Bank a right of setoff against all deposits and property of the Guarantor now or hereafter in the Bank’s or one of the Bank’s affiliate’s possession without regard to the adequacy of any collateral.
No modification or waiver or any provision of this Guaranty will be effective unless in writing signed by the Bank. This Guaranty shall inure to the benefit of any subsequent holder of the Documents, is intended to take effect as an instrument under seal and shall be governed by the laws of the state which govern the Documents.