[name of person guaranteeing obligation], referred to as Guarantor,
hereby guarantees the payment to [name of creditor], referred to as to
the
Obligee of the following obligation(s) of [name of debtor]:
[describe debt guaranteed]
and any extensions, modifications or novations thereof.
TERMS OF GUARANTEE
The Guarantor waives:
notice of nonpayment, protest, notice of protest
or other such notice;
diligence by [name of creditor] in collection
of any obligation guaranteed herein;
The Obligee may:
release co-guarantors if any;
surrender or release any and all security
or collateral;
grant renewals, extensions or modifications
of the obligation or indebtedness;
without affecting the Guarantors obligations herein.
The Obligee shall not have to:
exhaust any remedies it may have against [name
of debtor];
give notice of acceptance of this guarantee;
first institute suit against [name of debtor]
prior to demanding payment under this guarantee;
and may in its discretion seek to enforce this guarantee solely against Guarantor.
The guarantor may revoke this guarantee upon written notice to the Obligee;
however, such revocation shall not affect the liability accrued to that
date, if any.
This is the entire agreement of the parties named herein. This agreement
may only be modified by a written agreement executed by both
parties.
Dated: ____________________________
_____________________________________________
Guarantor
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