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.

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This attorney-prepared packet contains:

1. General Instructions
2. General Guaranty

State Law Compliance: This form complies with the laws of all states