Fill and Sign the Continuing and Unconditional Guaranty of Business Indebtedness Form

Continuing and Unconditional Guaranty of Business Indebtedness Including an Indemnity Agreement Guaranty made ___________________________________ (date), by ____________________________________________________________ (Name of Guarantor), of ___________________________________________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code), hereinafter called Guarantor, to _____________________________________________ (Name of Obligee), hereinafter called Obligee, of _______________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code).For good and valuable consideration, the receipt and sufficiency of which is acknowledged, the undersigned Guarantor unconditionally guarantees to Obligee, the full and prompt performance by _____________________________________________ (Name of Obligor), of _____________________________________________________ ___________________________________________________________________________________________________________ (street address, city, county, state, zip code), hereinafter called Obligor, of all obligations that Obligor currently or later may have to Obligee and payment when due of all sums currently or later owing by Obligor to Obligee, and agree to indemnify Obligee against any losses Obligee may sustain and expenses Obligee may incur as a result of any wrongful act of Obligor.For the purposes of this Guaranty and Indemnity Agreement, all sums owing to Obligee by Obligor shall be deemed to have become immediately due and payable if:A.Obligor defaults in any of its obligations to Obligee; B. A petition in bankruptcy, or for the appointment of a receiver of any part of the property of Obligor, is filed against Obligor, and is not dismissed within ______ (e.g., 30) days; C. Such a petition is filed by Obligor; D. Obligor makes a general assignment for the benefit of creditors, suspends business, or commits any act amounting to a business failure; or E. An attachment is levied or tax lien is filed against any of Obligor's property.This shall be a continuing guaranty and indemnity, and irrespective of the lack of any notice to or consent of Guarantor, his obligations under this instrument shall not be impaired in any manner by any (a) new agreements or obligations of Obligor with or to Obligee; amendments, extensions, modifications, renewals or waivers of default as to any existing or future agreements or obligations of Obligor or third parties with or to Obligee, or extensions of credit by Obligee to Obligor; (b) adjustments, compromises, or releases of any obligations of Obligor, undersigned, or other parties, or exchanges, releases, or sales of any security or obligor, undersigned, or other parties; (c) fictitiousness, incorrectness, invalidity or unenforceability, for any reason, of any instrument or writing or acts of commission or omission by Obligee or Obligor; (d) compositions, extensions, moratoria, or other relief granted to Obligor pursuant to any statute currently in force or later enacted; or (e) interruptions in the business relations between Obligee and Obligor. Notice of Obligee's acceptance of this Guaranty and Indemnity, of default, and nonpayment by Obligor or any other parties, of presentment, protest, and demand and of all other matters of which undersigned otherwise might be entitled, is waived.The undersigned may terminate his obligations under this Guaranty and Indemnity Agreement as to then future transactions between Obligee and Obligor only by registered or certified mail, with notice to Obligee at _____________________________ ________________________________________________________________________ ___________________________________________________ (insert mailing address), provided, however, that such termination shall not affect either his liability under this Guaranty and Indemnity with respect to any obligations of Obligor to Obligee incurred prior to Obligee's receipt of such notice, or the continuing liability of such of the others of undersigned as have not given such notice.The undersigned shall reimburse Obligee, on demand, for all expenses, including reasonable attorney fees, incurred by Obligee in the enforcement or attempted enforcement of any of Obligee's right under this Guaranty and Indemnity against any of undersigned.This Guaranty and Indemnity is assignable, shall be construed liberally in Obligee's favor, and shall inure to the benefit of Obligee's successors and assigns.If Obligor should default in the performance of any of obligor's obligations to obligee, and if any third party makes any payment to Obligee with respect to the same, such third party shall, to the extent of such payment, be subrogated to all of Obligee's rights against undersigned.Legal rights and obligations under this Guaranty and Indemnity shall be determined in accordance with the laws of _____________________________________ (name of state). WITNESS my signature this the _____ day of ____________________________, 20____. ______________________________(Signature of Guarantor)