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The liability of the undersigned under this guaranty is in addition to and shall be cumulative with
<br />all other liabilities of the undersigned to the Lender, as guarantor or otherwise, without any limitation as to
<br />amount, unless the writing evidencing or creating such other liability specifically provides tothe contrary.
<br />If any payment applied by the Lender to the Indebtedness is thereafter set aside, recovered, rescinded or
<br />required to be returned for any reason (including without limitation the bankruptcy, insolvency or
<br />reorganization of the Borrower or any other person), the Indebtedness to which such payment was applied
<br />shall for the purposes of this guaranty be deemed to have continued in existence, notwithstanding such
<br />application, and this guaranty shall be enforceable as to such Indebtedness as fullyas if such application
<br />had never been made.
<br />The undersigned waives: (1) notice of acceptance of this guaranty and of the creation and
<br />existence of the Indebtedness; (2) presentment, demand for payment, notice of dishonor, notice of
<br />nonpayment, and protest of any instrument evidencing the Indebtedness; and (3) all other demands and
<br />notices to the undersigned or any other person and all other actions to establish the liability of the
<br />undersigned hereunder. The undersigned consents to the personal jurisdiction of the state and federal
<br />courts located in the State of Minnesota in connection with any controversy related to this guaranty, waives
<br />any argument that venue in such forums is not convenient, and agree that any litigation initiated by the
<br />undersigned against the Lender in connection with this guaranty shall be venued in either the District Court
<br />of Sherburne County, Minnesota, or the United States District Court, District of Minnesota.
<br />The undersigned waives all claims, rights and remedies which the undersigned may now have or
<br />hereafter acquire against any person at any time now or hereafter liable to payment of any of the
<br />Indebtedness and as to any collateral security, including but not limited to all claims, rights and remedies
<br />of contribution, indemnification, exoneration, reimbursement, recourse and subrogation, whether or not
<br />such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise,
<br />whether or not the Indebtedness has been fully paid, and all payments and recoveries under this guaranty
<br />shall be considered equity investments by the undersigned in the Borrower; provided, nothing contained in
<br />this guaranty shall deprive the undersigned of any claim, right or remedy, after the Indebtedness has been
<br />fully paid, against any person other than the Borrower. No delay or failure by the Lender in exercising any
<br />right, and no partial or single exercise thereof shall constitute a waiver thereof. No waiver of any rights
<br />hereunder, and no modification or amendment ofthis guaranty shall be effective unless the same is in
<br />writing duly executed by the Lender, and each such waiver, if any, shall apply only with respect to the
<br />specific instance involved and shall not impair or affect the rights of the Lender or the provisions of this
<br />guaranty in any other respect at any other time. Except as to the Borrower’s environmental indemnity
<br />obligations which survive the termination of the Loan Agreement, this guaranty shall continue until the
<br />Indebtedness is paid in full or untilwritten notice of revocation of this guaranty, executed by the
<br />undersigned, has been received by the Lender; provided, no revocation of this guaranty shall affect in any
<br />manner any liability of the undersigned under this guaranty with respect to Indebtedness arising before the
<br />Lender receives such written notice of revocation, and the sole effect of revocation of this guaranty shall be
<br />to exclude from this guaranty Indebtedness thereafter arising which is unconnected with Indebtedness
<br />theretofore arising or transactions theretofore entered into.
<br />Any invalidity or unenforceability of any provision or application of this guaranty shall not affect
<br />other lawful provisions and applications hereof and to this end the provisions of this guaranty are declared
<br />to be severable. This guaranty shall bind the undersigned and shall benefit the Lender, its successors and
<br />assigns. This guaranty shall be governed by and construed in accordance with the laws of the State of
<br />Minnesota.
<br />THE UNDERSIGNED REPRESENTS, CERTIFIES, WARRANTS AND AGREES THAT THE
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