PERSONAL GUARANTY OF PAYMENT
As a direct inducement to Maumee Plumbing & Heating Supply, Inc., hereinafter “the Company,” to extend credit to the Applicant identified on Page 1 of this credit application document, each of the undersigned hereby unconditionally and irrevocably guarantees, jointly and several, the payment of any and all amounts now owed or any anything time hereafter owed by Applicant to the Company, including, without limitation, all costs and expenses incurred by the Company, including is reasonable attorneys’ fees, in endeavoring to collect such indebtedness and in enforcing this Guaranty.
Each of the undersigned agrees that this Guaranty shall be directly enforceable against him or her without first resorting to Applicant or exhausting remedies against it, and any indulgences, forbearances or extensions of credit or time of payment all not in any way release any of the undersigned from liability hereunder. This is an absolute and continuing Guaranty. Any notice of revocation by any guarantor hereunder must be in writing and delivered to the Credit Manager, Maumee Plumbing & Heating Supply, Inc. PO Box 309, Perrysburg, OH 43552-0309, via a mode of delivery evidencing receipt. This Guaranty shall be revocable only as to transaction entered into by the Company fourteen (14) or more days subsequent to its receipt of such written notice of revocation.
The parties to this Guaranty further agree that its terms shall be governed by the laws of the State of Ohio, and that any legal action brought under or related to this Guaranty, at the election of the Company, may be filed in any court of competent jurisdiction in Wood County, Ohio.
Each of the undersigned waives any and all notices to which he or she may be entitled, including without limitation, demand, notice of any extension of credit to Applicant, and notice of any indulgences, forbearances or extensions of time of payment which may be granted to the Applicant.
THIS GUARANTY IS INTENDED BY THE SIGNER TO BE PERSONAL AND NOT LIMITED TO HIS/HER CAPACITY WITH THE APPLICANT.