4.6. SR 08-20-2018 - Laserfiche WebLink

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Any invalidity or unenforceability of any provision or application of this guaranty shall not affect other lawful provisions and applications hereof and to this end the provisions of this guaranty are declared to be severable. This guaranty shall bind the undersigned and the heirs, representatives, successors and assigns of theundersigned, and of each of them respectively, and shall benefit the Lender, its successors and assigns. This guaranty shall be governed by and construed in accordance with the laws of the State of Minnesota.· The undersigned is the owner of the real property commonly known as 13374 U.S. Highway 10, Elk River, Minnesota (the "Property"). Borrower is the tenant of the Property, pursuant to a written lease with the undersigned. The undersigned acknowledges and agrees that the Indebtedness is being utilizedby Borrower to make permanent and valuable improvements to the Property, the ownership of whichimprovements will revert to Corporate Guarantor upon the expiration of the Lease and therefore, theundersigned's obligations under this Guaranty are proper, valid and enforceable. The undersigned's obligations hereunder are secured by that certain. Mortgage and Assignment of Rents and Security Agreement and Fixture Filing made by the undersigned to Lender of even date herewith. THE UNDERSIGNED REPRESENT, CERTIFY, WARRANT AND AGREE THAT THE UNDERSIGNED HAVE READ ALL OF THISGUARANTY AND UNDERSTAND ALL OF THE PROVISIONS OF THISGUARANTY. THE UNDERSIGNED ALSO AGREE THAT COMPLIANCE BY THE LENDER WITH THE EXPRESS PROVISIONS OF THISGUARANTY SHALL CONSTITUTE GOOD FAITHAND SHALL BE CONSIDERED REASONABLE FOR ALL PURPOSES. YANKEE DOODLE ENTERPRISES, LLC, a Minnesota limited liability company By: __________________ Name: Nancy Brehmer Its: Chief Financial Manager 3