Fill and Sign the Form Purchase and Sale Agreement St Charles Borromeo Church

PERSONAL GUARANTY WHEREAS, _______________ ("Purchaser") has requested that _______________ ("Seller") enter into a Contract for the Lease and Purchase of Real Estate for certain property located in ____________________ County, _______________, more commonly known as _______________, ____________________, _______________; and WHEREAS, as an inducement to Seller to enter into the Contract for the Lease and Purchase of Real Estate _________________________ ("Guarantor") has agreed to personally guarantee the payment and performance of all of Purchaser's obligations, conditions and covenants as set forth in said Contract for the Lease and Purchase of Real Estate. NOW, THEREFORE, FOR VALUABLE CONSIDERATION, the receipt andsufficiency of which is hereby acknowledged, Guarantor does hereby unconditionally guarantee that Purchaser's obligations, conditions and covenants will be performed strictly in accordance with the terms of said Contract for the Lease and Purchase of Real Estate, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting the rights of Seller with respect thereto, to the same extent as if Guarantor had been the original signatory. The liability of the Guarantor under this Guaranty shall be absolute and unconditional irrespective of: (i) any lack of validity or enforceability of the Contract for the Lease and Purchase of Real Estate; (ii) any change in the time, manner or place of payment of, or in any other term of, all or any of the obligations, or any other amendment or waiver
Or modification of any term of this guaranty, or (iii) the right of any person to enforce such obligations, conditions or covenants; (iv) any breach by purchaser relating to the performance, or any failure to perform, each of these obligations, conditions and covenants; or (v) any misrepresentation or fraud on the part of the purchaser. The undersigned, being aware of the foregoing limitations on warranty implied by this guarantee, warrant that (a) the guaranty and its conditions are legally binding and enforceable against, and shall inure to the benefit of and be binding upon: (i) the issuer, and each of its subsidiaries, officers, agents, affiliates, assigns, predecessors in interest, successors in title and assigns of purchaser; and (ii) each of its subsidiaries, officers, agents, affiliates, assigns, predecessors in interest, successors in title and assigns of (iv) guarantor, and its subsidiaries, officers, agents, and affiliates, and (v) guarantor's assigns, successors, assignees, persons in interest, and . As the case may be. In the event that any legal or equitable remedy is unavailable or ineffective to collect or enforce any of the obligations, conditions or covenants of this guaranty, any remedy shall be at the option of the undersigned, any of its subsidiaries, officers, agents, affiliates, assigns, predecessors in interest, successors in title and assigns of the undersigned, the same as if . It had been the original signatory; and provided that it is expressly agreed to the contract that the remedy shall be at the option of the guarantor. This guaranty is void if you do not maintain a business presence in the United States of America. You must pay the guaranty in the same manner as you would pay any other security deposit fee required by the seller. If I do not pay the guaranty within ten days after I receive the notice from the seller that the seller intends to sell the property, my security and any interest in the property shall be in the name of the seller and will be sold under title ii of the real estate settlement procedures act. Seller signature date please acknowledge on the back that you have read and understood, and agree to be bound by, the guaranty. I have read and understood seller's and the trustee's conditions of sale, purchase & lease agreement with seller and the trustee. I agree to pay the trustee on an equitable.