LIMITED GUARANTY
BE IT KNOWN, for good consideration, and as an inducement for _____________________________________________ (Creditor)
to extend credit from time to time to _________________________________ the undersigned jointly, severally and unconditionally guarantee to Creditor the prompt and punctual payment of certain sums now or hereinafter due Creditor from Customer, provided that the liability of the guarantors hereunder, whether singularly or collectively, shall be limited to the sum of $_______________ as a maximum liability and guarantors shall not be liable under this guarantee for any greater or further amount. The undersigned guarantors agree to remain fully bound on this guarantee, notwithstanding any extension, forbearance, indulgence or waiver, or release or discharge or substitution of any party or collateral or security for the debt. In the event of default, Creditor may seek payment directly from the undersigned without need to proceed first against borrower. Guarantors further waive all suretyship defenses consistent with this limited guaranty. In the event of default, the guarantor shall be responsible for all attorney's fees and reasonable costs of collection, which may be in addition to the limited guaranty amount. This guaranty shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives.
__________________________ Signed this ____ day of ____________, 20____.
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Signed in the presence of: ________________________________
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