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HomeMy WebLinkAbout0385 fully discharged from all liability or responsibility under this agreement as to such collateral or as endorser or otherwise; but as respects any collateral not so transferred the Company shall retain all rights hereby given. No delay on the part of the Company in exercising any power or right hereunder shall operate as a waiver of any power or right; nor shall any single or partial exercise of any power or right hereunder preclude other or further exercise thereof, or the exercise of any other power or right, and no waiver whatever shall be valid unless in writing, signed by an authorized representative of the Company, and only to the extent therein set forth. Should the Company at any time make any call or calls for collateral or give any notice or notices of intention to sell collateral, or other notices, the making of such calls or the giving of such notices, no matter how many times repeated, shall not constitute a waiver of the right of the Company to sell collateral, without demand or notice, in any of the contingencies herein a enumerated in which the Company is authorized to sell collateral without demand or notice. 1t?is agreement shall be binding upon the undersigned, and the under- signed's successors, heirs, and personal representatives, and shall inure to the benefit of the Company, its successors and assigns; but shall not inure to the benefit of any other person, firm, or corporation. Notices to the undersigned provided for herein shall be given to the undersigned at the address shown below by the signature(s) of the undersigned. If more than one person shall sign this note and agreement as maker, the term "undersigned" as used herein shall refer to all persons signing this note and agreement, and each of them, who shall be jointly and severally obligated hereunder. Any such person who is a married woman agrees to recourse against her separate property for the indebtedness. A discharge of any such person except for full payment, or any extension, forbearance, release or sub- stitution of the collateral or any impairment of the Company's rights against one of such persons shall not affect the liability of any other such person. Time is of the essence of this agreement. Given under the hand and seal of each of the undersigned on the day and year first above written. (SEAL) ~ Address: _ Ma er ~ ~sz .3 E~-~, ~/2~~~ar~invc ~ ~,.LIZ~~ (sEAi.) i _ i Addres _ , ~J ~ Maker . ~ o G U A R A N T Y For value received, I (we) hereby jointly and severally guarantee the payment of the within note, waive demand, protest, notice of nonpayment, and suit against the maker(s), consent that the payment of this note may be extended from time to time without affecting my (our) liability, and waive diligence on the part of any holder hereof in collecting the within note, and any defense arising out of lack of diligence in enforcing payment thereof; and, in case of nonpayment thereof, whep due, suit may be brought by the holder of this note against any one, or more, or all of us, regardless of whether such suit has been commenced against-the maker(s), and in any such suit the maker(s) may be joined as a'par~~~siefendant ~at the option of such holder. d . ~ ~ ~ ~ ~ ~ Guarantor ~ ~ . r: r' . ~ - _ Guarantor ~ Z9 -1;,- 19T9 AUG 23 P~ " ' ' " ~ . ~ F EO A 0 RECTTOYR lA. _ _ _ S~~p~r,~ pp TRAS " ~ ~ ' ~ . -4- (xEWt CIRCUIT OUItT RECORO YER1FtED_- ~~~K3~5 P~UE 384 45611