HomeMy WebLinkAbout96-06719
J ~t((J :t:'eadr/Jlj '(r)fYiIl!UvllY,
PERSONAL GUARANTY
1'.0. !lox 626
ClIllf' I !ill, I'A 17001.U(,26
rOf VJluolllll cO"~ldornlh)l1. lho rocoilJl or whIch iti hcrolJy n.;hllnwlltducd, IIllJ lJl\dcf~IOlll11j JlJlIltly Hilll 5lJ\'Otillly unc;oruiltlillli1lly !jUilliHIlCl1 10 '1Ilu~ Lcu!)II1Q CUllI'
pany, ~jn"15lJurg. PtU1nsylvalllll, hcrl'illullltr fclcrrod liJ 11:1 "l.lu~ LOlll.;I110 CQIl1/Jilny," Illu tull ,Hul pH)lllpl pc,hHllhln.;o uy
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11J./:;LrlT rMMI: flNt) MJI)IH.ti~ 'Jr ()lJlIUUIIJ
tltHr!i .Hld pl.',~otlill rOplCGlJlllnllvU5, The 1.lduII! or (lilY pt,H!;inrl to sllJn
"liS gun/lUll.,. ;Jlltl IndclIlIllly Shilll '101 illll.'cllhc 11.1UIIJI"I1Clc\JlllIcr or
ilIly fjiOllL" tlll.!rlmr _ Till.' duolh Ilr fell.'.I',v llOlIl Ilatllllly I1crtJundo' 01 .1/11'
01 ltm urllh11'wJnIJd shull nol Icliew the olhcI$ Irom Ilahllily hI.!I('unl.!IJI
EilCh ollhL' lJl1t1er510ned muy IQlmlnillu hili obIIO,lIloll!. hl1rUUflt/.:t os IQ
IhlJn lullJru If on/wellons boh'lOIJn TItus Luo!iillfJ Compnny amJ ObliOOl
by 1101lCI1 to Tllus Lon51no Compllny oy eonllll1d mall nl 2222 PUllan
SItl10l, HOlrluburg, PonllGylV<1fllll 17111 provided, hOWOVllf, Ih.lI such
lormlnal!on ohult nol allocI oltho' his Ihlblhty hllrllunclcr With respect II)
nny obliuntiolls 01 Obllgot 10 Titus Lonsmg Compuny lneUwH.l pilOt 10
lis ,ocelpt 01 such notlct) or 1110 l;ontlnllinO Ilnbllily 01 such of lhu othcrs
01 the undutSlonlJd BS IllJvl! nol Qlvon ~uc;h nollco
IN Hie [VENr OF DCFALJl T AS DCTlNl'O IlY HIE TEnMS OF
nlls GUAnANTY, GUAnANTon H~I1t::nY EMPOWERS ANY
AITOnNCY OF ANY COUIIT Of necono WIIHIN TIIC LJN,reo
!3lATf:S 011 ELS[WHErlE TO APPt.:AI1 Fon IT AND WITH
O[iCLMIATIONS FILED, CONFESS ,JUDGEMENT AGAINST IT AS OF
ANY HnM Fon ALL GUMS DUE ON HUS GUM1ANTY WITH COS TS
OF SlJIT AND AN ^110IlNrY.~IIIU,tION^nlL: fEE r0n
COllECTION AND flELEA~E or ALL umOll5. GUArlNHon
Ht2r1EUV I::Xrm:SSLY WAIVES STI\Y OF EXECUTION AND
INQUISITlON AND [XTEN~.iION UI'Of'1 MlY LeV'( ON Ill:::AL CSTA TE
CONDtMI'-lATlON IS HEHEUY AGFl[CO TO ANO HU:; [XE:MPIlON OF
PEnSONAL fiI10PL:RTY FIlOM LEVY MID SAl.E ON ANY
O:::CUTlON HEnEON IS AL50 HCFlCnv [XPI1(!i5L Y WAIVED. AND
1'1') OENEFIT or (XEMPTION IS CLAIMeD UNOCIl AND O'\' VIlHUE
0:' ANY eXEMPTION LAW NOT IN FonCE on WHICH MAY UE
HF.f\eArTEn ENACTeo.
Tllo unde,signed shall re.mburse Tllu5 Ll'Jsll1g COO1p.InY, on
demand, 10' ull (I)(pentlos incuHod by TItus LO<l51f11J Comp.:my III lho
enlorcemont or nllomptud ontorcomont 01 Jny 01 its tiuhts hereunde,
3l.]ilinS11110 Obligor Of ony 01 the undorsioned, including COSls llnd
allornoy's 100\,
This guaranty and indomnlty 15 as!1ignablo without noriClJ 10 Ihe
undorslgned, shall be conSlrued liborally In lavor 01 Tilus lonsing
Company and shall incuro 10 be benelll 01 Its successors and <15S.0ns. II
Obligor should dolaull In tho perlormanco of any 01 ObliIJO"!j oblloat.ons
I' Titus Loosing Company, Md il any third patty makos uny pllyment to
Titus Loosing CompnllY with rospeCI Il1erOIO, such lhlrd P,11ty 51)all, 10
till) olCtenltho,co', bo 5ubroIJa1od \0 nil 01 Titus Leasing Company's
flahlS ogolnsl the undersigned hereunder, Logal rights and ObliOJII.JnS
horcundct sl1"U be determined in accordance with Ihe laws 01
PCnn'YIV~~I'.: ~''1 /)
INWITNESSWHEREOF,lIlOur,dctclgnedtWGCilU5CcJthisinst,umcnltobOQlll,)cutudthls__ __ __, y_ _ ,1n
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(J SION Ufl,-cj'G~~o('- - - - ----j ---
w\rn~:' _0~~c".- _._____, fY,;~~:~::,r~::u:n;N!~i~' I':
7nl-?:-':I-"7 rf'
hcrcLnJltur 'ulclfvd 10 as "Obllt!or," 01 nil obllonllOn!l which OhliOot
prllllonUy or ho'enllo, llIoy huvo 10 THwi It.'iHli'1U Ccmpany "Ild
paynllHlI wllull duo 01 l.1U iSUtlllS ~lfC$Untly 01 tlu"~.Jltur owing by ObllQor
10 Titu!S LOOSing Company wholhor u,islIlO by h~olia, nole or OHWIWi:,o,
and whother 5ocurod or unsqcurOd. "Thu undo' sIgned lurthet nuruu 10
lI1domnlly Titus LtlOGing Company ogJinsluny 101Si!)es II may sUlStall1 ;JlllJ
alpenses II moy mClJr or. a tU5uH 01 OilY wrono'ul (Icl 01 Obliaor with
taSpoCI 10 Ihe perlormiJllCO 01 OlJhOOt'5 oblloahon5 10 'TItus leo~'ilIlO
Compilny. '
For Ih" purpO$lJS 01 Ihis guatanty or1d indumnlly, nil 5Utn5 owinO 10
Tllus Leasing Compnny by Obligur 6holl be deC'med 10 hav.) becomo
immodlDhtly lJull and pO'lobllJ II (n) Obligor t1eliLulls in nllY 01 its
obhgnlions 10 Titus LOll~ll\g COlllpuny; (bl 11 pelillon L1ntJ~r any Chopl",'r
ollhl' Oonk,uplcy ACI, os nmundolJ, or lor ltlC oJppotllll1\enl 01 a IOCUlvcr
01 any pari 01 Iho ~ropOrly 01 Obllgot bo I.lud by or aa1tllHil Ihe OIJII~lor,
and bu nol dl5mls~od Within llHuon daY1i: (e) Obligor m.lke5 11 QerHulll
ll!is.lJnmOI1I lor Ihe bUf1111l1 01 crndllors, sU!ipcntlti t)Usll1css or commil~
;my ,lei .1I110UI1II11I) to ,I bU~1111l5S 1.lillJrC; or (II) nil IUlacl1l11~nl ba tl!VIl!d
Of W~ 111m 1m IllclJ llIJWIl"1 any 0' OhllOilf'n pH)pUrly,
ThiS :Ihalt bo (I (;onhl~llIr19 ouaH\/Hy unlJ IIldvl1lnily <lillI, irruspochvo 01
Iho 1.1Ck 'l' any 1101lCO to 0' C0l1!10nl 01 thlt undcr.'1IOlHHI, Ihoit obliaolionu
IWloundcr st'lIH 1101 btJ ItlljJul'Utl in nny "',lnnqr Wlhll!10l''fur by .11ly
(,I) now norlJOmunlS or oblioations 01 Ohliuor Willi or 10 Tiltl~l LIJ.J!>inU
Compony: nmendrnlJnls. oltlunaions, rl1o(jllicu!lon:;, fUllewlIls or
wllIver:! 0' default (\5 to ony olCi~ltln!J or l\lluru .1lJlflUmcnts or
obhonllons Or Obll!Jor Ot Ihlrd pnrlll!S Willi or to Tllus LUMina
Comp,:my, 0' 01ll..'I1510n5 01 credil by Tllu:1 LC,lSlllU CompollY 10
ObrlQor;
(b) adJuslmonl5, compromises or rclcosos 01 :lily Obligations to
Obligor, 1110 undetsignoiJ or othot purtios, or C')'chang(ls, roleases
Ot lSolos 01 nny t10cufity 01 Obhgot, Ihe undersigned or other
potlios~
(c) liclitiousn05s, incorroctness, in....alidity or unonforcoabillly, tor uny
toason, 01 <IllY inslrumont or writing, or acts 01 commiSSion or
omission by TiluS Luosing Company or Obhgor: or
(d) compositions, 0)(ll1n5i0n5, mow lor in or othor ruli~l Otnnlod to
Obligor pur$u<lnt \0 oily 51"luIo prlJsonUy in lorce Of heroultor
OMclcd.
Nollca 01 Tilus L(\osln\J CompAnY's occc[>!nnco he'eof, 01 tlUl3Ull or
nonpayment by Obhgor or nny olher pnflic:J, or prellonlmonl, prote:>t
nod domand, nnll 01 nil other moilers 01 which !he ul1dorsionurl
otherwiso mighl be onlilled, IS horoby Oltpr05sly w::Iivod.
Tho obtlglUtons hero under 01 eac;h 01 tho undorslgnod [Ire
Inoepcndcnl and severo I. and sholl bo blt1dlfliJ upon thair rcspuclivo
wiTN!S.S.
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