*ATTACH ADDITIONAL SHEETS IF NEEDED
in connection with buyer's purchase or rental of equipment from you from time to time, we hereby each unconditionally guarantee payment by the buyer of all sums now owing or which may become due and owing to you from the buyer, including principal, interest or additional charges and expenses, including collection and attorney fees. We also agree to hold harmless from any loss, damage and expenses caused or arising out of any default on the part of the buyer.
We agree that if the buyer does not make payments due to you, you may proceed against us, and you will not be required to first proceed against the buyer or to collect upon any security or exhaust any legal remedies against the buyer. In any litigation, the laws of the STATE OF ARIZONA shall govern and jurisdiction shall be exclusively in the courts of the COUNTY OF MARICOPA, STATE OF ARIZONA.
By proceeding against us, you shall not waive any rights against the buyer. If you proceed against any one of us, you shall not waive the rights to proceed against any of the remaining Guarantors.
We hereby waive notice of: a) extension of time or modification of terms: b) modification of credit line: c) acceptance of this guarantee: d) settlements or resolutions of disputes: e) default of buyer.
This guarantee will be legally binding until we have given you written notice by registered mail, to cancel it. If we cancel this guarantee, we agree that we are liable for all charges up to date of cancellation, plus all interest, expenses and attorney fees as a result of such charges.
Invalidity of any portion of this guarantee shall not change the obligations contained in the remainder of the guarantee.