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UNCONDITIONAL GUARANTY
THIS UNCONDITIO AL GUARANTY made and entered
into this y~(L'L~day of 1979, by and between
GEORGE A. COSTA and LUCI LE COSTA, his wife, hereinafter
jointly and severally referred to as "Guarantor", and LIBERTY
LIFE INSURANCE COMPANY, a South Carolina corporation, its
successors and assigns, hereinafter referred to as "Liberty,"
WHEREAS, simultaneously with the execution and.
delivery of this Guaranty, Bears Nest, Inc., a New Jersey
corporation, and Liberty have executed a certain Forebearance
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and Modification Agreement (hereinafter referred to as
"Agreement") relating to a mortgage, note and Security `
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Agreement on property located at the corner of Highway AlA
and Royal Palm Way, North Beach, Ft. Pierce, in the County
of St. Lucie, State of Florida, a copy of which Agreement
is attached hereto, made a part hereof and marked Exhibit A;
and -
_ LV~iEREAS, Liberty would not enter into such Agreement
without the execution and delivery by.Guarantor of this
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Guaranty and this Guaranty is given for the express purpose #
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of inducing Liberty to enter into said Agreement.
~ ~ NO~V, THEREFORE, know all men by these presents
that for and in consideration of the presents, as well as r
the sum of $10.00, and other good and valuable considerations
received by it, Guarantor covenants and agrees with Liberty
as follows:
1. Guarantor has examined the said Agreement, Promissory
Note, Dortgage, Security Agreement, and the other documents
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relating to both the original loan and this transaction and
~ does hereby unconditionally guarantee to Liberty the due
x
g performance whether at maturity or by acceleration or otherwise,
of all of the obligations of Bears Nest under the Agreement and
Boo 320 PACE 617 f