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HomeMy WebLinkAbout2288 ~-~..y - _ _ _ _ _ THE FOLLOWING PARAGRAPH AODITIONALLV APPLIES TO ENDORSERS ANO GUARANTORS HEREOF: In addition to tM liability as endorsers, whicA the undersigtnd hereby aswme, for valve received and intending to be legally bound, tM undersgned land it more than one, each of them jointly and seversllyl lal hereby becotrte wrety to tM payee of tM within note, its suxessors, endorses and assgns, (or tM wy- ment of tM within nos, and Mreby unconditionally gwrantN tM payment of the within nob and all extensions w renewals thereof and all stuns payable under or by virtw thereof including, without limitation, all amounts of principal and interest and all expenses (Plus attorneys' fees induding such tea incurred in appellate proceedings) incurred in tM collection thereof, tM enforcement of rights Hereunder a with respect to any security therefor and the enforcement hereof, end vwive presentment, demand, notiot of dishonor, protest and alt other notices whatsoever; and Ibl consent and agree lil Hst all or any of tM Collateral may be exchanged, released, wrrerdered or sold from time to tittle, iii) that tM payment of tM note, or any of tM liabilities of tM Maker thereof, ~Y be extsntled or said note renewed any number of times and for any period (wMtMr or not lorgsr then the original period of said Hotel, (iii) that tM holder of said note may grant any releases, comproptisa or indulgences wiH respect to said note a any exten;ions or renewals thareot or any security tMrefor or to any party liable tMreurder or herwtder (induding Dut not limited to failure or refusal to exorcise one or more of tM rights or remedies provided by said Hotel, and (iv) that any of He provisions of aid note may be modified; all without notice to a consent of and without affectirp cM liability of He undenigtxd as endorsers end wraties, and 1urtMr consent std agree that any of the undersigned may be sued by tM holder Mreof with or without coining any of tM other endorsers a makers of said note and without fiat or contemporsrNOUSIy wing any writ other persons, a otMrwia seeking or proceedig to collect from them or any of Hem, and without first or contemporaneously undertaking to entorce any rights wiH respect to any security. (SEAL( ADDRESS ENDORSER ANO GUARANTOR -(SEAL) ADDRESS ENDORSER AND GUARANTOR { s i [ ' f I E i 4 i i pt R b E ~h F S 3 5 N i 1 _ t_RltS 'alt c~ ~zs3 X i