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HomeMy WebLinkAbout1421 • ~ ~ ~ ~ r • i 4 THE FOLLOWIHIG PARAGRAPH AODITIONAILY APPLIES TO ENDORSERS AND GUARANTARS HEREOF: S • i In addition to tM liability a endasers, whkh lira undersigned hereby assume, for vshN raoaived and inUndirtg to be lagslly bound, tM undersgned land if more than one, each of them jointly and severalh) ia1 hereby become surety to the WYN of tM within note, its successors, endaaa and sssigns, fa the pay- ment of the wiMin non, and herby unconditionalN Yuarantee the payment of tM w1Min note and all exgntions o? renewals thereof and aN sums payable under or by virtw tf»reot including, without limitation. all amounts of principal and Merest and all expenses (plus attorneys' tea including such fees incurred in appellsU proceedings) Incurred in tM collection thereof, tM enforcerttent of rghts Hereunder or wiM respect to any security therefor and Me eniorcerr?ent hereof, and waira ptpantment, demand, notice of dishonor, protest end all other notice whatsoever; end Ibl consent end sgrN lil Met all a any of the Collateral may be t<xchenped. messed, surrendered or sold from timi to tuna, liil that tM MYment of tM note, a any of tM liabilities of tM Maker thereof, may be extandd p aid note renewed any rwmber of time and for any period (wheMer or not longer than Me original period of said hotel. (iii) that tM z holder of said nob mey great say release, oorrprovrisa or indulgences wiM aspect to said note or any extensions or nnarwls thereof or any security therefor or to any patty IlabN therwnder or fterwnder linduding but not limited to failure or refuel to exercise one or more of tM rghts or remedies provided by said hotel, end Ihr1 that any of Me provisions of aid note may be modified; all wiMout notice to or oorwnt of and wiMout effecting dte liability of Me undsrspned as endorsers and wret'ns, end further cortNnt and spree that any of tfte undersigned msy be sued by ~ hereof wiM or without joining any of the other endorsers or makers of aid note end without first or contemporaneously wing any such otMr persons, or othsrvvise seeking or proceeding to collect from them or any of them. and without first or conternpasneousN undertaking to enforce srty rights wiH respect to say security. • f i (SEAL) ADDRESS ENDORSER AND GUARANTOR ' _ISEAL) ADDRESS ENDORSER AND GUARANTOR r 1 i { ' 1 s i 1 y ii ~ ~ I I ~ ' 's 6 I _ l a - ~ , 4 4 ~ooK 3os PAS 1~