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Guaranty of Collection of Obligation - Promissory Note

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This Guaranty of Collection of Obligation - Promissory Note is a contract to answer for the debt of another person. This document creates an agreement for a third party to guarantee payments that are owed by one person to another person. This document may be used by the creditor, the debtor, or by the guarantor - the party who is guaranteeing the payments. Business or individuals who plan on loaning money can use this document to hold a third party responsible for the debts of the borrower in cases of default.

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									This Guaranty of Collection of Obligation - Promissory Note is a contract to answer for
the debt of another person. This document creates an agreement for a third party to
guarantee payments that are owed by one person to another person. This document
may be used by the creditor, the debtor, or by the guarantor - the party who is
guaranteeing the payments. Business or individuals who plan on loaning money can
use this document to hold a third party responsible for the debts of the borrower in
cases of default.
                   Guaranty of Collection of Obligation – Promissory Note

         For value received, I, (Name of Guarantor), of (street address, city, state, zip code),
hereinafter called Guarantor, guarantee collection of that certain promissory note dated (date),
in the principal amount of $____________, executed by (Name of Obligor), of (street address,
city, state, zip code), hereinafter called Obligor.

        It is to be understood that this guaranty is conditional in that it is a guaranty of
collection only. I shall not be obligated to make any payment under this guaranty until all
attempts to collect from Obligor, with due diligence and using reasonable legal means, have
failed.

       I waive notice of acceptance, notice of nonpayment, protest, and notice of protest with
respect to the obligation covered under this guaranty.

       Witness my signature this the _____ day of _________________, 20___.


                                                           __________________________
                                                           (Printed Name of Guarantor)
                                                           (Signature of Guarantor)

								
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