To
induce Diversified Foods, Incorporated (the "Seller") to conduct
business with the Purchaser (______________________________________________),
the undersigned, jointly and severally, personally and unconditionally
guarantee to the Seller the full payment when due of all obligations now
or hereafter owing by the Purchaser to the Seller, including, without
limitation, all obligations arising out of or in connection with the sale
of goods or the provision of services by the Seller and all interest and
late charges, attorneys' fees and collection and court costs. This guarantee
shall be an unlimited, continuing guarantee and shall remain in full force
and effect regardless of any change in the form of evidence of any of
the Purchaser's obligations, any renewal, extension or other modification
of any security interests. This guarantee may be terminated by an undersigned
only as to obligations originating more than five (5) business days after
receipt by the Seller of notice of termination given by registered or
certified mail. Each of the undersigned hereby waives any rights to notice
and waives any right to require the Seller, whether before or in connection
with the enforcement of this guarantee, to proceed against any security
interest or to pursue any other right or remedy available to the Seller.
The undersigned shall pay all attorneys' fees, court costs and other expenses
incurred by the Seller to enforce this guarantee, whether or not incurred
in connection with litigation. Each of the undersigned specifically agrees
to the venue provisions set forth in the foregoing Credit Application
and Agreement. The undersigned also consents to the jurisdiction and venue
chosen by the seller. |