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HomeMy WebLinkAbout1079 THE FOIIOWING PARAGRAPH AODITIONALIV APPl1ES TO ENDORSERS AND GUARANTORS HEREOF: In sddition to tM liability as endorsers, which tM undersigned Mreby aswme, for value regived and intertdirtg to be (pally bound, tM undersgned land if more tMn oM, each of them jointly and sevorally) lsl Mreby become wrety to tM payN of tM within note, its successors, endorsees and sssgns, for tM psy- inent of tM within rate, and Mreby unconditionally guarantee tha payment of tM within nob and all extensions or renewals thereof and ell sums payable under or by vtrtw thoreof irxludirq, without limitation, NI amounts of principal and interest and all expenses (plus attorneys' fees indudinp wch tees incurred in appNbte proceedings) incurred in tM collection thereof, tM enforcement of rghts thoreunder a with respect to any security therefor and the enforcement hereof, and weiw presentment, demand, notip of dahonor, protest and all other notices wMtsoevor; and Ibl consent and spree lil that ell or any of tM Collateral maybe excMnged, released, wnendered or sold from time to lima, lii) tMt tM payment of tM nos, a any of tM liabilities of tM Maker thereof, may be extended a said note renewed shy number of times and for any period (wftethor o< not lorgor then tM original period of :aid hotel. (iii) that tM hokior of said note may grant any rNeases, compromises or indulgences with respect to said note or any extensions w rertewsls tMreof a shy security t efor or to any party IiabN tMreurKfer or Mreundor (including but not limited to failure o? refusal to exorcise one a more of tM rights or remedies provided y said note), and livl that any of the provaions of said nob may ba modified; ell without notict to a content of and without atfeetinp the liability of the u signed as endorsers and wraties, and (urtMz corusrtt and spree that any of the undersigned may be sued by tM holdor he.tot with or without joining any o tM other endorsers a makers of said note and without first or conbmporaneously wing any suds othor porsons, or otMrwise seNcirtp a proceedirp to collet from there or any of them, and wiNout first or contemporaneously undertaking [o enforce shy rights with respect to shy security. (SEAL) ADDRESS ENDORSER ANO GUARANTOR _ISEAI) ADDRESS ENDORSER ANO GUARANTOR i 4 's i 4 Ff{ _ P 1 Y i F F C y"s G r a h 3 3 t F - ~ b001~ glCf 1V~ ._I - _ _ - F