General Guaranty

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This General Guaranty is between a promissory note holder and a guarantor who agrees to make payments under the note. This form can easily be tailored to fit your needs.

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This General Guaranty is between the holder of a promissory note and a guarantor who agrees to make payments on a promissory note according to the terms of a security agreement. This guaranty sets forth the names of the parties and that the guarantor will be responsible for the costs of collection of the note. It also sets forth that the note holder may demand payment under this guaranty before exhausting all rights and demands for payment. It is important that this type of guaranty agreement be set forth in writing. A written General Guaranty will prove invaluable in the event of default.

This General Guaranty contains the following:
  • Parties: Names of the guarantor and the note holder/secured party;
  • Note/Security Agreement: Sets forth the date of both the promissory note and security agreement;
  • Guaranty: Sets forth that guarantor unconditionally guarantees all payments on the promissory note and security agreement;
  • Signature: This guaranty must be signed and dated by the guarantor.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. General Guaranty
State Law Compliance: This form complies with the laws of all states
Number of Pages2
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28165
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.





General Guaranty







This Packet Includes:
1. Information
2. General Guaranty





Information
General Guaranty




This form provides for a guarantor for the repayment of a debt. This guarantor is, in effect, a co-signer for the obligation. The guarantor agrees that if any of the payments are late or not paid, they will make the payments. The guarantor also agrees to pay any costs of collection if the guaranty is not lived up to. The guarantor also agrees that the guaranty may be enforced without having to first sue the borrower for defaulting on the debt. A mere default by the borrower without any court action will suffice to require the guarantor to make good on the obligation.

To fill in this form, use the names and addresses of the borrower, noteholder, and guarantor, and the number of days payment by the guarantor may be late before it is considered a default on the guaranty.







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General Guaranty


This Guaranty is made in connection with the Promissory Note dated _______________________ , 20 __ , and the Security Agreement dated ___________________________ , 20 __ , between the Guarantor, ___________________________ , of ___________________________ , City of ___________________________ , State of ___________________________ , and the
Noteholder/ Secured Party, ________________________ , of , City of ______________________ , State of ___________________________ .

For value received, the Guarantor unconditionally guarantees payment of all payments on the
above Promissory Note when due and satisfaction of all terms of the Security Agreement.

The Guarantor waives demand, presentment for payment, protest, and notice, and agrees that the
Secured Party/Noteholder does not have to exhaust all rights against the Borrower before
demanding payment under this guaranty.

In the event that all payments due under this Guaranty are not paid on demand within __________ days of demand, Guarantor will also be responsible for any costs of collection on this Note, including court costs and attorney fees.

This Guaranty both binds and benefits both parties and any successors.


Dated ___________________________ , 20 ____

___________________________
Signature of Guarantor

___________________________
Name of Guarantor

___________________________
Signature of Secured Party/Noteholder

____________________________
Name of Secured Party/Noteholder

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