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Fill and Sign the Indemnification 481371370 Form

Fill and Sign the Indemnification 481371370 Form

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PERSONAL GUARANTY AND INDEMNIFICATION AGREEMENT FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, ________________________, Guarantor, does hereby unconditionally guarantee ________________________________________________________, Seller, as follows: _______________________________________________________________________________________ This Guaranty is a continuing guaranty and shall (i) remain in full force and effect unt il ____________________, (ii) be binding upon the Guarantor, its successors and assigns, and (iii) inure to the benefit of and be enforceable by the Seller, and its respective succ essors, transferees and assigns. Any liability of the Guarantor shall not be affected by, nor shall it be necessary to proc ure the consent of the Guarantor or give any notice in reference to, any settlement, or variation of terms of any obligation of the Seller, or of a guarantor or any other interested person, by operation of l aw or otherwise; nor by failure to file, record or register any security document. Guarantor recogniz es that Seller may utilize various means of attempting to verify Purchaser's complianc e with the obligations, and hereby expressly agrees that such steps are for the sole benefit of Selle r and the adequacy of performance of such checks and examinations shall not be considered as a defense to or mitigation of liability hereunder. FURTHER, FOR AND IN CONSIDERATION of Ten and no/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, ______________________ ("Indemnitor") does hereby covenant and agree to defend, indemnify and hold harmless, absolutely and unconditionally, _______________ ("Seller") from and against any and all damages, losses, claims, demands, actions, causes of actions, costs, expenses, li abilities and obligations of any kind whatsoever, including, but not limited to, attorney's fees, arisi ng out of, related to, or connected with _______________________________________ The Guarantor does hereby expressly waive and dispense with notice of acceptance of this Guaranty, notices of non-payment or non-performance, notice of amount of indebtedness outstanding at any time, protests, demands and prosecution of collection, foreclosure and possessory remedies. The undersigned hereby waives any right to require Seller to (i) proceed against other persons or Purchaser, (ii) advise Guarantor of the results of any checks or examinations, (iii) require Purchaser to comply with its agreement with Seller, or (iv) proceed against Purchaser or proceed against or exhaust any security. Except as noted hereon, Seller has made no promises to Purchaser or Guarantor to induce execution of this Guaranty and there are no other agreements or understandings, either oral or i n writing, between the parties affecting this Guaranty. The obligation of all parties signing this Guaranty, where more than one, shall be joint and several. No amendment or waiver of any provision of this Guaranty nor consent to any departure by the Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by Seller. This Agreement may not be changed orally and shall bind and inure to the benefit of the heirs, administrators, successors and assigns of the Purchaser and Seller, respectively. If any part of this Guaranty is not valid or enforceable according to applicable law, all other parts wi ll remain enforceable. This Agreement and the performance hereunder shall be construed and determined according t o the law of the State of ____________________. IN WITNESS WHEREOF THE GUARANTOR HAS EXECUTED THIS GUARANTY this the _______day of ________________, 20____. ____________________________ GUARANTOR/INDEMNITOR STATE OF ___________ COUNTY OF ________________ PERSONALLY came and appeared before me, the undersigned in and for the jurisdiction aforesaid, the within named __________________ in the above and foregoing instrument of writing, who acknowledged to me that he signed and delivered the above foregoing instrument of writing on the day and in the year and for the purposes therein mentioned. GIVEN under my hand and official seal of office on this the _____ day of __________________, 20____. __________________________ NOTARY PUBLIC MY COMMISSION EXPIRES: ______________________

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