Fill and Sign the Limited Partners Form

Guaranty of Payment by Limited Partners of Notes Made by General Partner on Behalf of Limited Partnership Guaranty made this the _____ day of ____________________________, 20____ by ___________________________________________________________ ( Name of First Limited Partner ), of __________________________________________________ ________________________________________________________________________ ________________________________ (street address, city, county, state, zip code) and _______________________________________________________________ ( Name of Second Limited Partner ), of ________________________________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code), herein referred to as Guarantors, both of whom are limited partners of ______________ __________________________________________ (Name of Limited Partnership) , a limited partnership organized and existing under the laws of the State of _________________________________________________________ (Name of S tate) and having its principal office at _____________________________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code) , to _______________________________________________________ (Name of Bank) , a national bank, having its principal office at ___________________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code) , herein referred to as C reditor, with respect to the continuing extension of credit to ________________________________________________ (Name of General Partner) , of _____________________________________________________________________ ________________________________________________________________________ ___________________________________ (street address, city, county, state, zip code), the general partner of the above-named limited partnership, herein referred to as Debtor. For and i n consideration of the extension of loans to Debtor on behalf of the above-named Limited Partnership, for its proper business purposes and only for such purposes, to the extent that the aggregate of such loans shall not exceed $_____________ plus interest, each of the undersigned Guarantors, do hereby jointly and severally guarantee the prompt payment on demand of the amounts due on loans evidenced by notes executed by and only by Debtor, or other evidence of claim and demand based on money loans made by Creditor to Debtor. Such guaranty shall extend only to loans made on or before _________________________________ (date) , with reasonable and legal interest on the same, and to any renewals, in whole or in part, and such interest on the same. Such guaranties shall extend on renewals only until _________________________ (date) . The guaranties are made by each partner to this agreement entirely and absolutely as an individual and not in any capacity or status as limited partners. Under no circumstances shall this guaranty be construed as enlarging the duties and liabilities of a limited partner of the above-named Limited Partnership, or as construing any limited partner as a general partner of the Limited Partnership. On payment of any of the guaranties of the amounts guaranteed, or any portion of the same, each Guarantor shall have the right to look to the assets of the Limited Partnership for reimbursement, restitution, and satisfaction. WITNESS our signatures as of the day and date first above stated. ___________________________________ ____________________________________ ( Name of First Limited Partner ) ( Name of Second Limited Partner )