HomeMy WebLinkAbout0783 • . . • , I
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~!~suit against SPC or to oxhaust 1~RS' rights or re~aedios against SPC~
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, ~~Tno undersignod Ruarantors beinf; bound to the payr~ent of said ~
~~indebtedness of SPC to :~SS, whother no~r existinfi or hereafter accr~-
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~~ing, as fully as if such indebtodness was truly oxing to wRS ~y thq '
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nder~i~ned or Qach of thes~, and as fully as if the undersigne~i i
were each joint ~aknrs xith SPC upon tue saicl contracts. ~
~ The undersigned hereby waive all notice ~f acceptancc of ~
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~~this contract by WitS or SPC, and further, expressly agree that j
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I~or~beasance on the part of i~RS to take steps to enforce the ray- ~
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; ent of any indebtediiess under its contracts with SPC shall in ~
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~ or~ise rel~aso the guarantors, but they shal2 parsonally and indi-}
1idually remain liablo hercundcr fcr tho prompt payraent of thosc i
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~ ontr:~cts and alI renewals, extensians, or substitutions therefor.~
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!'~S ma} , from tima to ti~?e, take from SPC or any otl~ers ~ny new or ~
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~ dditional or substituted security without in any aay it~pairinq the~
~bligation of the ~uarantors, nor shall the inpairment of the j
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-~dcurity which atRS ~ay, from time to time. hold fror~ SPC, in anyway~
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~perate to discharge the guarantors in whole or in part, it beinF ~
~ pscifically agreed shat ttiRS is not rec~uired to exercise diliRence ;
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= o enforce its rights againat SPC or the undersigned. irAS may, '
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~ ~ rom time to ti~e, in its sole discretion, modify or clian~e any of ~
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~ he ter~s of its agreenents with SPC, or to extcnd the ti~o of pay !
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~aQnt of any obligation to it upon the same or different terrns and
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~tonditions, without noticc to the undcrsigned guarantors and rrithvu?t
iscnarging tl~e undersign~ed guarantors in whole or in part.. ~
The guarantors specifically agree that t}?e balance ~ue :
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nd unpaid at anyti~e fro~n SI'C to ~R5 as shoan on tha books of ~RS,~
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hall be received as conclusive evidence of~tho amount of such i
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~ ~ndebteclness oNing by SPe to WIiSy as against the said guarantors, '
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~ ~nd shal2 not be disputed or questionecl by the undersigned ~*uarun-~
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Yors, and that the guarantors canaot avail tt,amselves of any dofens~e
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het~oever rrliich SPC way havo against ~'RS other than the pay~cnt of~
~the amouAts due under said contracts. The Fuarantors hereby for ~
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. . _ go~Ki?8 782 4
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