Fill and Sign the Guaranty Agreement Form

LOAN GUARANTY AGREEMENT FOR VALUE RECEIVED and to enable ___________ , ___________ , ___________ and ___________ . ("Makers") to induce ___________ , a ________________ corporation (" ___________ "), to amend the loan documents of a $ ________________ loan (the "Loan") to Makers in order to release ___________ ., hereinafter referred to as "Guarantor") from liability as a maker under said loan documents, ___________ , Inc., does hereby unconditionally and irrevocably guarantee the full and prompt payment to ___________ of any and all indebtedness, liabilities, payments and obligations of every nature pursuant said Loan, as amended, any debt to ___________ which may hereafter, from time to time, be owing or due, under the Loan, and the undersigned Guarantor also agrees to pay in addition thereto, all costs, expenses and reasonable attorneys' fees at any time paid or incurred by ___________ in endeavoring to collect said indebtedness, liabilities and obligations, and in and about enforcing this instrument. Guarantor agrees that its liability hereunder shall in no way be affected or impaired, nor shall Guarantor be discharged, in whole or in part, by any of the following occurrences: (1) The death, incompetency, insolvency, or bankruptcy of ___________ , ___________ , and/or ___________ (hereinafer referred to as "Debtors"); (2) renewal, refinancing or extension of the time of the payment of the principal amount of or any installment or installments of the aforesaid Loan: or (3) acceptance by ___________ of any part payment of the principal amount of or any installment of the aforesaid Loan; or (4) release, surrender, sale, exchange or substitution by ___________ of all or any part of the collateral of Debtors or Guarantor or; (5) release by ___________ of any Debtor, maker or guarantor or acceptance of new and additional guarantors; or (6) failure of ___________ to perfect any security interest in the collateral for the loan or of any guarantor or to record or register any lien or encumbrance thereon; or (7) unenforceability of any document or instrument executed by ___________ , the undersigned Guarantor or the Debtors. The liability of the undersigned guarantor hereunder shall be a continuing liability and shall not be affected by (nor shall anything herein contained by deemed to be a limitation upon) the amount of credit which may be extended to Debtors, the number of transactions with Debtors, repayments by Debtors to _____________ or the allocation by ___________ of repayments by Debtors, it being the understanding of Guarantor that its liability shall continue hereunder so long as there are any unsatisfied obligations from Debtors to ___________ pursuant to said Loan or any extensions thereof The discharge of Debtors' obligations to repay the aforesaid Loan, which discharge is a result of any bankruptcy proceeding fled by or against any or all of Debtors, shall not diminish, release or impair the obligations of the undersigned under this Loan Guaranty Agreement. The undersigned specifically agrees that in the event of the foreclosure, judicial or nonjudicial, of the security instruments securing the Loan or this Guaranty and in the event of a deficiency resulting therefrom, the undersigned shall be and hereby is expressly made liability to ___________ for the amount of such deficiency. It is expressly agreed by the undersigned that it shall not be necessary for ___________ to proceed first against the Debtors or any other guarantor (or to liquidate or foreclose upon any collateral) before proceeding to enforce this guaranty or as a condition to payment or performance by the undersigned. ___________ may, at any time appropriate, apply toward payment of this guaranty any moneys, credits or other property belonging to Guarantor, in possession or control of ___________ , including, but without limitation, all balances, credits, deposits and moneys; and ___________ is hereby granted a first lien and prior lien thereon. The undersigned agrees that all indebtedness, liability or liabilities now or at any time or times hereafter owing by Debtors to the undersigned are hereby subordinated to the obligations guaranteed hereunder and any payment of indebtedness of the Debtors to the undersigned, if _____________ so requests, shall be received by such of the undersigned as trustee for ___________ on account of the obligations guaranteed hereunder. The undersigned agrees that the payment of any amount or amounts by the undersigned pursuant to this Loan Guaranty Agreement shall not in any way entitle the undersigned whether at law, in equity or otherwise to any right to participate in any security held by ___________ for the payment of the obligations guaranteed hereunder, any right to direct the application or disposition of any such security or any right to direct the enforcement of any such security. In the event a right of action and claim has arisen under this Loan Guaranty Agreement in case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding related to the undersigned or the property of the undersigned, ___________ shall be entitled and empowered, by intervention in such proceedings or otherwise: (a) to file and prove a claim for the whole amount of the indebtedness guaranteed and to file such other papers or documents as may be necessary or advisable in order to have the claims of ___________ (including any claim for the reasonable compensation, expenses, disbursements and advances of ___________ and ___________ agents and counsel) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims. The undersigned Guarantor waives demand, notice of dishonor, presentment for payment, diligence in collection, acceptance of this guaranty and notice of any adverse change in the financial condition of Debtors or any other guarantor or of any other fact that might materially increase the risk of the guarantor hereon. This guaranty shall be binding upon the undersigned and upon the legal representatives, successors and assigns of the undersigned, and shall inure to the benefit of ___________ , its successors and assigns. The validity and construction of this guaranty shall be governed by the laws of the State of _______________ . If any part of this Guaranty is unenforceable, or illegal, that part will not affect the validity, enforceability or legality of any other provision contained herein. The Loan Guaranty Agreement is executed at the same time as the amended loan documents evidencing the Loan. This Guaranty is secured by a Deed of Trust on real estate situated in the County of ___________ , State of _______________ , and a Security Agreement from said Guarantor. The word "Debtors" or "Debtor" as used herein shall include ___________ , ___________ , and/or ___________ , jointly, severally, or any two of them. IN WITNESS WHEREOF, Guarantor has hereunto subscribed its name, as of the ___________ day of ___________ , ___________ . ___________ a ____________ Corporation By: ___________ President ATTEST: SEAL By. ___________ Secretary/Treasurer STATE OF ________________ COUNTY OF ___________ I, the undersigned, a notary public in and for the said County in the State aforesaid do hereby certify that ___________ , personally known to me to be the ___________ , a Mississippi corporation, and ___________ , personally known to me to be the Secretary/Treasurer of said Corporation, whose names are subscribed to the foregoing Instrument appeared before me this day in person and severally acknowledged that as such President and Secretary/Treasurer, they signed and delivered the said Instrument of writing as President and Secretary/Treasurer of said Corporation, and caused the seal of said Corporation to be affixed thereto, pursuant to authority given by the Board of Directors of said Corporation as their free and voluntary act, and as the free and voluntary act and deed of said Corporation for the uses and purposes therein set forth. Given under my hand and notarial seal, this ___________ day of ___________ , ___________ NOTARY PUBLIC My commission expires: