In consideration for _________________, extending credit to the business identified below for any materials and/or services after this date at the request of applicants or its agents, the undersigned individual hereby personally guarantees unconditionally and irrevocably the prompt payment of any sums now or hereafter owed to Prairie Supply, the business identified below whether said sums are due under open account, contract, or otherwise.
It is understood and agreed that credit, if extended, is to be on a continuing basis and may exceed estimated maximum and the business credit limit required as stated in the credit agreement between _________________ and Prairie Supply, shall not be obligated to notify the undersigned of the dates or amounts of any such credit and the undersigned waives demand, notice of default and any extension of time or any other forbearance which may be extended by.
The guaranty shall not continue in force until notice in writing, sent by registered or certified mail, return receipt requested is received by. Said notice shall specify the date on which this guaranty is to be terminated, said date not to be less the seven days after such notice is received. Such termination shall in no way release the undersigned as to any sum or debt incurred prior to such termination.