Creditor. Guarantor authorizes the Creditor to obtain consumer credit reports solely for the purpose of considering the establishment or review of a commercial business account. Liability of Guarantor shall be open and continuous for so long as this Guarantee is in force. Guarantor intends to guarantee at all times the performance and payment of all indebtedness of Debtor to Creditor. Payments made upon Debtor indebtedness will not discharge or diminish the liability of Guarantor for any and all remaining and succeeding indebtedness of Debtor to Creditor. Any married person who signs this Guaranty as the Guarantor hereby expressly agrees that recourse under this agreement may be had against both his or her separate property and community property, whether now owned or hereafter acquitted.
This is a continuing guaranty and shall continue in effect until such time as Guarantor notifies Creditor in writing at its principal place of business to terminate the same. Upon notification, Guarantor shall be released from any further liability. Guarantor shall remain liable for all indebtedness incurred prior to receipt of written notification.
The Guarantor expressly waives notice, notice of default, diligence, resort to security any obligation to proceed first against Debtor, of any other Guarantor, and joinder of Debtor, or other Guarantors and authorizes Creditor, to deal with Debtor in any manner in which Creditor sees fit in connection with any indebtedness of Debtor now, or hereafter created without any further consent or authorization from Guarantor being necessary, including, without limitation, modification, amendment and extension of the indebtedness or security and notice thereof.
This Guaranty shall not affect or invalidate any such other guarantees. The Liability of Guarantor will be the Aggregate Liability or Guarantor under the terms of this Guaranty and any such other unterminated guarantees.