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202406658 thereon, or of any security or collateral described in the Deed of Trust or in any other security document. 9. Should the status of Borrower change, this Guaranty shall continue and also cover the indebtedness of Borrower under the new status, according to the terms hereof guaranteeing the indebtedness of the original Borrower. 10. Until all indebtedness of Borrower to Lender shall have been paid in full, Guarantor shall have no right of subrogation, and waives any right to enforce any remedy which Lender now has or may hereafter have against Borrower; and Guarantor waives any benefit of, and any right to participate in, any security now or hereafter held by Lender. 11. This Guaranty shall remain and continue in full force and effect notwithstanding the institution by or against Borrower of bankruptcy, reorganization, readjustment, receivership or insolvency proceedings of any nature, or the disaffirmance of the said indebtedness in any such proceedings, or otherwise. 12. In the event any payment made by Borrower to Lender is held to constitute a preference under the U. S. Bankruptcy Code, or if for any other reason Lender is required to refund such payment or pay the amount thereof to any other party, such a payment shall not constitute a release of Guarantor from any liability hereunder, but Guarantor agrees to pay such amount to Lender upon demand. 13. This Guaranty is for the benefit of Lender, its successors and assigns, and in the event of an assignment by Lender, its successors or assigns, of the said indebtedness, or any part thereof, the rights and benefits hereunder shall be transferred with such indebtedness without further act on the part of Lender and without notice to Guarantor. 14. Suit may be brought against Guarantor or against any other guarantor without impairing the rights of Lender, its successors or assigns, against any guarantor, and Lender may compromise or settle with any guarantor for such sum or sums as it may see fit and release such guarantor from all further liability to Lender for such indebtedness without impairing the right of Lender to demand and collect the balance of such indebtedness from other guarantors not so released; but it is agreed, however, that such compromise, settlement and release shall not in any manner impair the rights of the guarantors as among themselves. 15. In the event of the death of any other guarantor of the loan evidenced by the Note, this Guaranty shall remain in full force as to Guarantor. 16. Guarantor expressly agrees that this contract is performable in the City of Grand Island, Hall County, Nebraska. 17. The invalidity or unenforceability in any particular circumstances of any provision of this Guaranty shall not extend beyond such provision or such circumstances, and no other provision of this instrument shall be affected thereby. 18. Guarantor acknowledges and agrees that Guarantor has received and reviewed a copy of the Note, Deed of Trust, the Loan Agreement, and that certain Developer Agreement dated -3-