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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
<br />to amount, unless thewriting evidencing or creating such other liability specifically provides to the
<br />contrary. If any payment applied by the Lender to the Indebtedness is thereafter set aside, recovered,
<br />rescinded or required to be returned for any reason (including withoutlimitation the bankruptcy,
<br />insolvency or reorganization of the Borrower or any other person), the Indebtedness to which such
<br />payment was applied shall for the purposes of this guaranty be deemed to have continued in existence,
<br />notwithstanding such application, and this guaranty shall be enforceable as to such Indebtedness as fully
<br />as if such application 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,
<br />waives any argument that venue in such forums isnot convenient, and agree that any litigation initiated
<br />by the undersigned against the Lender in connection with this guaranty shall be venued in either the
<br />District Court 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
<br />in this guaranty shall deprive the undersigned of any claim, right or remedy, after the Indebtedness has
<br />been fully paid, against any person other than the Borrower. No delay or failure by the Lender in
<br />exercising any right, and no partial or single exercise thereof shall constitute a waiver thereof. No waiver
<br />of any rights hereunder, and no modification or amendment of this guaranty shall be effective unless the
<br />same is in writing duly executed by the Lender, and each such waiver, if any, shall apply only with
<br />respect to the specific instance involved and shall not impair or affect the rights of the Lender or the
<br />provisions of this guaranty in any other respect at any other time. Except as to the Borrower’s
<br />environmental indemnity obligations which survive the termination of the Loan Agreement,this guaranty
<br />shall continue until the Indebtedness is paid in full or until written notice of revocation of this guaranty,
<br />executed by the undersigned, has been received by the Lender; provided, no revocation of this guaranty
<br />shall affect in any manner any liability of the undersigned under this guaranty with respect to
<br />Indebtedness arising before the Lender receives such written notice of revocation, and the sole effect of
<br />revocation of this guaranty shall be to exclude from this guaranty Indebtedness thereafter arising which is
<br />unconnected with Indebtedness 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 is a member of Yankee Doodle Enterprises, LLC, a Minnesota limited liability
<br />company (“Corporate Guarantor”), the owner of the real property commonly known as 13374 U.S.
<br />Highway 10, Elk River, Minnesota (the “Property”). Borrower is the tenant of the Property, pursuant to
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