TO INDUCE YOU TO DO BUSINESS WITH OR CONTINUE BUSINESS WITH THE FOLLOWING BUSINESS ACCOUNT:
hereinafter referred to as "BUYER", the undersigned as "GUARANTOR" acknowledges a direct and financial interest in BUYER and hereby unconditionally, jointly and severally, guarantees the full and prompt payment, and at all times thereafter, of any and all indebtedness, obligations and liabilities of any kind and nature, arising out of the purchase of all such goods and services furnished or to be furnished, whether evidenced by open account, acceptance, note or otherwise. GUARANTOR's liability shall be for the full balance due by BUYER including applicable interest, court costs and attorney fees. GUARANTOR hereby expressly waives notice of acceptance hereof, amount of sales, dates of shipment or delivery, and waives notice of any default on the part of the BUYER, or of any extension of time to pay obligations which you may grant, and GUARANTOR does hereby consent to any and all extensions which may be granted to BUYER from time to time. There shall be no obligation on your part at any time to resort for payment to BUYER or resort to any collateral security, property, liens or any other rights or remedies whatsoever and you shall have the right, but you are not required, to proceed against the undersigned immediately upon any default by the BUYER.
If GUARANTOR is a spouse or other relative of any other guarantor, GUARANTOR represents and warrants to Company that he or she directly participates in the business activities of BUYER, has a direct financial interest in BUYER and has access to the books and records of BUYER to the extent necessary to make an informed decision whether to become a guarantor of Buyer's obligations. GUARANTOR further agrees that this shall be an absolute and unconditional personal guaranty of payment and shall be continuing and shall remain in full force and effect until written notice by certified mail of its discontinuance shall be actually received by you, and also until any and all such indebtedness, obligations and liabilities, existing before receipt of such notice shall be fully paid and that GUARANTOR's liability hereunder shall not be canceled, nor shall GUARANTOR be released hereunder in consequence of any covenants, agreements or acts by you in delaying with the BUYER. The death of a GUARANTOR shall not terminate this Personal Guaranty until notice is given as provided herein, and every part hereof shall be binding on GUARANTOR, GUARANTOR's heirs, executors, administrators and assigns. By signing here the undersigned warrants the above Application for Commercial Credit has been carefully read and the Guarantor understands the same.