This Absolute Guaranty of Payment of Promissory Note is a guaranty by which the
guarantor unconditionally promises payment or performance of the principal contract on
default of the principal debtor or obligor. An absolute guaranty is a contract by which
the guarantor has promised that if the debtor does not perform the obligation, the
guarantor will perform some act (such as the payment of a promissory note) to or for the
benefit of the obligee. This document should be used when an individual wishing to
guaranty the payment of a promissory note on behalf of another.
Absolute Guaranty of Payment of Promissory Note
For value received, I, (Name of Guarantor], of (street address, city, state, zip code),
hereinafter called the Guarantor, absolutely guarantee payment to (Name of Obligee), of
(street address, city, state, zip code), hereinafter called Obligee, at maturity, of a promissory
note dated (date), in the principal amount of $____________ , executed by (Name of Obligor)
of (street address, city, state, zip code), hereinafter called Obligor.
Guarantor waives notice of acceptance of this Guaranty and waives diligence on the part
of Obligee in collection of the indebtedness. Obligee shall have the privilege of granting such
renewals and extensions as Obligee may deem proper. Guarantor further expressly waives
notice of nonpayment, protest, and notice of protest with respect to the indebtedness covered
by this Guaranty.
This Guaranty is in addition to such other security as Obligee now or later may have.
Obligee may surrender or release all or any portion of such other security without affecting this
Guaranty. It shall not be necessary for Obligee to enforce payment by Guarantor of the
indebtedness, to first institute suit, or to pursue or exhaust remedies against Obligor, or against
any other security that Obligor may have.
Guarantor acknowledges that this Guaranty is in effect and binding on Guarantor
without reference to whether it is signed by any other person or persons. Guarantor agrees
that this Guaranty shall continue in full force and effect notwithstanding the death of
Guarantor, or the release by agreement or by operation of law of, or the extension of time to,
any other Guarantor or Guarantors as to obligations then existing.
Liability of Guarantor under this Guaranty shall not be affected or impaired by the
existence, from time to time, of an indebtedness or liability of principal Obligor to Obligee in
excess of the amount of this Guaranty.
Witness my signature this the _____ day of _________________, 20___.
(Printed Name of Guarantor)
(Signature of Guarantor)