I HEREBY PERSONALLY GUARANTY TO YOU THE PAYMENT OF ANY OBLIGATION OF THE COMPANY AND I HEREBY AGREE TO BIND MYSELF TO PAY YOU ON DEMAND ANY SUM WHICH MAY BECOME DUE TO YOU BY THE COMPANY WHENEVER THE COMPANY SHALL FAIL TO PAY THE SAME. IT IS UNDERSTOOD THAT THIS GUARANTY SHALL BE A CONTINUING AND IRREVOCABLE GUARANTY AND INDEMNITY FOR SUCH INDEBTEDNESS OF THE COMPANY. I DO HEREBY WAIVE NOTICE OF DEFAULT, NON-PAYMENT AND NOTICE THEREOF AND CONSENT TO ANY MODIFICATION OR RENEWAL OF THE CREDIT AGREEMENT HEREBY GUARANTEED.
If the account becomes past due, applicant agrees to pay interest at the rate of 1-1/2% per month calculated on the amount past due. If the account is placed for collection, the applicant agrees to pay any collection cost incurred to collect the account balance, including reasonable attorney's fees. The undersigned warrants that the information submitted is true and correct. You are authorized to investigate the credit references listed above.
APPLICANT'S NAME TITLE