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LOAN GUARANTY With this Loan Guaranty, the Guarantor _______________ enables ______________(the Borrower) whose current address

is: ______________________________________________ to obtain a loan from _______________________ (the Lender). Section 1: The Guarantor does hereby guarantee the full and prompt payment to the Lender,

its successors and assigns, when due, at maturity, by acceleration or otherwise, the indebtedness of Borrower to the Lender, in a principle amount not to exceed $_____________in the aggregate at any time outstanding, plus accrued interest, whether the indebtedness is incurred as principal, guarantor or endorser, is direct or indirect, absolute or contingent, due or to become due, or whether the indebtedness is now existing or arises hereafter. The Guarantor also agrees to pay, in addition, all costs, expenses, and reasonable attorney's fees at any time paid or incurred in collecting the indebtedness and enforcing this Guaranty.

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Section 2: Guarantor hereby expressly waives all diligence in collection, and all presentment

for payment, demand, protest, notice of protest, and notice of non-payment, dishonor and default, and the acceptance of this Guaranty.

Section 3:

Guarantor gives Lender authority and consent to give and make such extensions,

renewals, indulgences, settlements and compromises as Lender may deem proper with respect to any of the indebtedness, liabilities and obligations covered by this Guaranty. Section 4: Guarantor's liability shall not be affected by any renewal or extension of any

instrument signed by Borrower; release, impairment, or surrender of any security for the indebtedness; release of any person, primarily or secondarily liable; or any delay in the enforcement of payment or omission in exercising any right or power held by the Lender; or any other circumstances. The Guarantor expressly waives all other suretyship defenses. The liability of the Guarantor on this Guaranty shall be direct and not conditioned or contingent on the pursuit of any remedies against any maker, endorser, or any collateral held as security for payment of the indebtedness. However, and notwithstanding the foregoing, by acceptance of this document, Lender agrees that it shall not pursue the Guarantor for payment under the guaranty until ____ calendar days following any default by Borrower under the terms of its indebtedness with the Lender. Section 5: In the case of the death, dissolution, liquidation, default, insolvency or bankruptcy

of the Borrower, all of the indebtedness, liabilities and obligations, to the extent of the amount of this Guaranty, shall, at the option of the Lender, become immediately due from, and be forthwith paid by, the Guarantor to the Lender, the same as if said debts, liabilities and obligations had matured by lapse of time. Guarantor expressly gives authority and consent to the Lender to charge any accounts the Guarantor may have with the Lender to discharge any of Guarantor's obligations under this Guaranty. Section 6: This Guaranty shall be construed according to the laws of the State of

__________. If any part of this Guaranty is unenforceable as determined by a Court of 2

competent jurisdiction, this will not make any other part unenforceable. The only conditions or limitations upon this undertaking are those stated in this Guaranty at the time of its signing; after execution no change shall be made except by a writing signed by the Guarantor. Section 7: This Guaranty shall be deemed to be a continuing guaranty for the life of the

indebtedness and shall remain in full force and effect until the indebtedness is fully discharged. Section 8: This Guaranty shall be binding upon the Guarantor jointly and severally, and

upon the heirs, legal representatives, successors and assigns of the Guarantor, and each of them, respectively, and shall inure to the benefit of the Lender, its successors, legal representatives, heirs and assigns. Dated: _________________________________ Guarantor Signature: ____________________________________ Guarantor Address: _____________________________________________________________. In the Presence of: _______________________________________________________ First Witness Name and Signature _______________________________________________________ Second Witness Name and Signature

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