To induce Lessor to lease to the Tenant described above, the undersigned does hereby guarantee the payment in full of any obligations under the Lease executed by the Tenant and does hereby guarantee the performance of any and every obligation arising thereunder, expressly including, without limitation, the obligation to pay rent for the entire term, whether or not occupancy is ever accepted by the Tenant, the obligation to pay any and all costs of repair or damage to the premises (the unit in which the premises are located or the building or common areas of the apartment complex) and the obligation to pay any and all amounts, including fines imposed pursuant to the Rules and Regulations.
This guaranty may be enforced against Guarantor without the necessity of recourse against Tenant or any other parties responsible. Guarantor consents that any proceedings to enforce this Agreement or related rights may be brought in any court sitting in the judicial district or circuit in which the apartments are located, and Guarantor consents to personal jurisdiction of such courts and agree that he or she may be served with process by certified mail at the address shown below. Any actions to enforce this guaranty shall be governed by the laws of the state in which the apartments are located.
The Guarantor waives (1) renewal or notice of extension of time within which any payment of rental, damages or repairs or the performance of other obligations shall be due; (2) necessity of recourse against Tenant; (3) any understanding that any other person, firm or corporation was to sign this guaranty; (4) the incapacity or bankruptcy of Tenant or any other Guarantor; (5) any notice of change or amendment to the Lease and Addenda and (6) the right to any notice of default.
Failure of Lessor to enforce rights of recovery against other occupants of the unit and any third parties shall not release Guarantor, provided that Guarantor is only liable for payments or obligations of the Tenant whose name is set forth above in accordance with the terms of the Lease Agreement but shall be solely responsible as though the Guarantor were the Tenant.