5.0. 6.0. 7.0. EDSR 06-14-1999 - Laserfiche WebLink

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hereunder. This guaranty is a primary obligation of the undersigned and the Lender shall not be required to first resort for payment of the Indebtedness to the Borrower or any other person, their properties or estates, or any security or other rights or remedies whatsoever. The undersigned shall be and remain liable for any deficiency remaining after foreclosure of any mortgage or security interest securing the Indebtedness, whether or not the liability of the Borrower or any other person for such deficiency is discharged pursuant to statute,judicial decision or otherwise. The liability of the undersigned under this guaranty is in addition to and shall be cumulative with all other liabilities of the undersigned to the Lender, as guarantor or otherwise, without any limitation as to amount, unless the writing evidencing or creating such other liability specifically provides to the contrary. If any payment applied by the Lender to the Indebtedness is thereafter set aside,recovered,rescinded or required to be returned for any reason(including without limitation the bankruptcy, insolvency or reorganization of the Borrower or any other person), the Indebtedness to which such payment was applied shall for the purposes of this guaranty be deemed to have continued in existence, notwithstanding such application, and this guaranty shall be enforceable as to such Indebtedness as fully as if such application had never been made. The undersigned waives: (1)notice of acceptance of this guaranty and of the creation and existence of the Indebtedness; (2) presentment, demand for payment, notice of dishonor, notice of nonpayment, and protest of any instrument evidencing the Indebtedness; and (3) all other demands and notices to the undersigned or any other person and all other actions to establish the liability of the undersigned hereunder. The undersigned consents to the personal jurisdiction of the state and . federal courts located in the State of Minnesota in connection with any controversy related to this guaranty, waives any argument that venue in such forums is not convenient, and agrees that any litigation initiated by the undersigned against the Lender in connection with this guaranty shall be venued in either the District Court of Sherburne County, Minnesota, or the United States District Court, District of Minnesota. The undersigned hereby agrees that the Lender shall have no duty to advise the undersigned of information now or hereafter known to the Lender regarding the financial or other condition of the Borrower or any other person primarily or secondarily liable on the Indebtedness or regarding any circumstance bearing on the risk of nonpayment of the Indebtedness. The undersigned acknowledges and agrees that the undersigned has conducted its own investigation of the business and affairs of the Borrower and any other person primarily or secondarily liable on the Indebtedness to its satisfaction, has not relied and will not rely on any information provided by the Lender in determining whether to enter into or continue this guaranty, and is and will continue to remain informed of the Borrower's financial condition, the status and financial condition of other guarantors, if any, and all other circumstances which bear upon the risk of nonpayment of the Indebtedness. All property of the undersigned, now or hereafter in the possession, control or custody of or in transit to the Lender for any purpose, including without limitation the balance of every account of the undersigned with and each claim of the undersigned against the Lender, shall be subject to a lien and security interest in favor of the Lender, as security for all liabilities of the 4111 KeesK 995388.1 2.