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HomeMy WebLinkAbout2511 THE FOI.I.OWING PARAGRAPH ADDITIONALLY APPLIES TO ENDORSERS AND GUARANTORS HEREOF: In addition to tM liability es endorsers, which tM underspnerf htrebY assume, for vslue received and intending to be lepelly bound, tM ursderspned land if more than one, each of tMm jointly and severally) fal hereby betorrte surety to tM payee of tlse within note, its succes:on, endorsees and assigns, fa tM pay- ment of tM within note, and Mreby unconditionally guarancee the payment of tM within Hop and all extensions or renewals thereof and all sums psysbN under or by vlrtw thereof including, without limitation, all amoVnet of principal and interest and all expenses (plus attorneys' tees induding such fees incurred in appolaU proceedings) incurred in tM collection thereof, tM Mtwcement of rights thereundes or with respect to any security therefor and the enforcanent hereof, and waive presentment, demand, notice of dishonor, protest and all other notices whatsoever: end Ibl corssent and agree 111 tMt ell a any of tM Collateral msy be excMnged, released, wrcersdered or sold from time to time, (ii) that tM payment of tM note, or any of tM liabilities of tM Maker thereof, may be extended a said rwte renewed any number of times and for any period IwMther or not longer then tM original period of said note, (iii) that tM Holder of said note may grant any releases, compromises or indulgences with respect to said noes a any extensions a renewals thereof a srty security therefor or to any parry liable thereunder or Mreunder (induding but not limited to failure w refusal to exercise one or more of tM rights or remedies provided by said Hotel, and livl that any of tM provisions of said note msy be modified; all without notice to a consent of and without affecting tM liability of the urKfersigrsed as endorsee and wreties, and further consent end agree that any of the undersigned may be sued by tM holder hereof with a without joining any of tM other endorsers or makers of said note and without first or contemporaneously wing any such other persons, or otherwise seeking or proceedirq to collect from them or any of them, and without first a contentpwarseousb undertaking co enforce any rights with respect to any security. (SEAL) ADDRESS ENDORSER AND GUARANTOR -!SEAL) ADDRESS ENDORSER ANO GUARANTOR l f `f( k i£{ k{ !S '8 i g! (g1 N f R d I 5 i E 1 f M~ yJkj 3 S BOfiX ~9 pa~~ ~5~g ' . , . E _ , _