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89-101936
<br />2. The joint and several liability of the Guarantors shall
<br />continue until full payment and performance is made of all
<br />obligations of the Borrower under the terms of the above mentioned
<br />promissory Note, Deed of Trust, security agreements and financing
<br />statements.
<br />3. The Guarantors jointly and severally consent, without
<br />affecting the Guarantors' liability to the Lender hereunder, that
<br />the'Lender may from time to time, without notice to or consent of
<br />the Guarantors, upon such terms as the Lender may deem advisable:
<br />(a) renew, compromise, extend, accelerate, or otherwise change the
<br />terms of the indebtedness or any part thereof, including increase
<br />or decrease of the rate of the interest thereon; or (b) release,
<br />surrender, exchange, modify, impair or extend the period of
<br />duration or time of performance of any of the obligations of the
<br />Borrower under the terms of. the above mentioned promissory Note,
<br />Deed of Trust, security agreements and financing statements; or (c)
<br />settle or compromise any claim of the Lender against the Borrower.
<br />The Guarantors jointly and severally hereby ratiflr.and confirm any
<br />such extension, renewal, release, surrender, ex cWg*
<br />modification, impairment, settlement or compromise,& amid' all such
<br />actions shall be binding upon the Guarantors jointly 4#d, severally,
<br />who hereby waive all defer -es, countercldi=�s or.offsets which the
<br />Guarantors jointly and several llr . Wight ha: , by" reason thereof.
<br />4. The Guarantors j ointf , Ly. 4nd severally agree that they shall
<br />remain liable as guarantors' e- uLnder in the event that the
<br />Borrower shall assign, convey-er, 6zherwise trar.:�fer its interest in
<br />the real estate above described or any of the other property of the
<br />Borrower which is or may be covered as security, under the Deed of
<br />Trust and other security instruments above referred to, it being
<br />understood and agreed that such assignment, conveyance or other
<br />transfer shall not serve in any way to modify, limit or terminate
<br />the liability of the Guarantors hereunder.
<br />5. The Guarantors jointly and severally waive: (a) notice of
<br />acceptance of this guaranty by the Lender; (b) totice of
<br />presentment, demand for payment, or protest of smid promissory Note
<br />of the Borrower; (c) notice of the failure of the Borrower or of
<br />any of it successors and assigns to pay to the Lender or its
<br />successors and assigns any indebtedness under said promissory note
<br />or perform any other obligations provided for therein or under any
<br />of the terms of the above mentioned Deed of Truest, security
<br />agreements and financing statements; and (d) all defenses, offsets
<br />and counterclaims which the Guarantors may at any time have to any
<br />claim of the Lender against the Borrower.
<br />6. The Guarantors jointly and severally r=epresent that, at
<br />the time of the execution and delivery of this guaranty, nothing
<br />exists to impair the effectiveness of the liability of the
<br />Guarantors to the lender hereunder.
<br />7. The liability of the Guarantors here -dmder is exclusive and
<br />independent ,of any security for or other quazranty of the
<br />indebtedness; of the Borrower, whether executed by. the Guarantors or
<br />by any other party,, and the liability of the Guarantors hereunder
<br />is not affected or impaired by: (a) any indebtedness exceeding the
<br />Guarantors' liability; or (b) any direction of application of
<br />payment by the Borrower or by any other party; or (c) any other
<br />continuation or other guaranty, undertaking or naximun liability of
<br />the Guarantors or of any other party as to the indebtedness of the
<br />Borrower; or (d) any payment on or in reductions of any such other
<br />guaranty or undertaking; or (e) any notice of termination hereof as
<br />to future transactions given by, or by the death or termination,
<br />L revocation, or release of any obligations hereunder of any other of
<br />the Guarantors; or (f) any payment made to the Lender on the
<br />indebtedness which the Lender repays to the Borrower pursuant to
<br />court order in any bankruptcy, reorganization, arrangement,
<br />D: \LOANDOC \HEALTH.GUA
<br />April 10, 1989 2
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