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Back to Forms for 'Debtor and Creditor'.


PERSONAL GUARANTEE

PERSONAL GUARANTEE

 

We, _____________ and _______________, residing at ____________________ and _________________________(hereinafter Guarantors), do hereby personally guarantee the performance of ____________________ with regard to an agreement (hereinafter Agreement) by and between ________________ and __________________ (a copy of said Agreement being attached hereto as Exhibit A).

 

In the event that ______________ fails to make any payment to ______________, or fails to perform in any manner with regard to said Agreement between the two entities, the Guarantors do hereby promise to make all payments to ____________________ in the same manner as if they were the principals of said Agreement.

 

And furthermore, the Guarantors do hereby authorize and empower any attorney of any court of record of the state of ______________ or elsewhere to appear for and to enter judgment against us, or any of us, in favor of _______________ for any sums due under the Agreement plus interest with costs of suit, release of errors, without stay of execution, and with thirty-three and one-third percent (33 1/3%) as a reasonable attorney's fee, and the Guarantors hereby waive and release all benefit and relief from any and all appraisement, stay or exemption laws of any state now in force or hereafter to be passed.

 

IN WITNESS WHEREOF, this personal guaranty is entered into this day of ___________ (month & day), ___ (year).

 

_________________________________                          ____________________

Signature                                                                              Date

 

_________________________________                          ____________________

Signature                                                                              Date



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