HomeMy WebLinkAbout0620 .
other documents except payments of the original debt and
guarantees prompt payment of the Accrued Sum, together with
interest thereon as provided for in said Agreement, to the
i
extent permitted under applicable law, including all permissible
attorney's fees and legal and other costs or expenses paid
or incurred by Liberty in the enforcement of the collection
of the Accrued Sum against Bears Nest.
2. Any Guarantor's liability hereunder shall. De
unaffected by (i) any amendment or modification of the
provisions of the Agreement, Promissory Note or the Mortgage
or any other security instrument which secures the same or
(ii) any extensions of time for performance which may be given,
whether made with-or without notice to any Guarantor.
3. No delay on the part of Liberty in exercising any
right, power or privilege under the Agreement, Promissory Note,
the Mortgage, or any other security instrument securing the
same shall operate as a waiver of such privilege, power or right
or as a waiver of any rights under the terms of this Guaranty.
4. This Guaranty shall be construed as an absolute and
unconditional guaranty of payment and performance without
regard to the validity, regularity, or enforceability of any
obligation or purported obligation of Bears Nest. Liberty shall .
have its remedy under this Guaranty without being obliged to .
resort first to any security or to any other remedy or remedies
to enforce payment or collection of the obligations hereby
guaranteed, and may pursue all or any of its remedies at one
or at different times.
S. The liabilities of the parties executing this
Guaranty shall be joint and several.
6. In the event of default by Bears Nest under the
Agreement, Liberty may (a) proceed against Bears Nest, (b) proceed
4
against or exhaust any security held from Bears Nest, or (c) pur-
sue any other remedy in Liberty's power whatsoever. Guarantor
600K~~ PAGE V~L7
-2-