Common use of ADDITIONAL, INDEPENDENT AND UNSECURED OBLIGATIONS Clause in Contracts

ADDITIONAL, INDEPENDENT AND UNSECURED OBLIGATIONS. This is a guaranty of payment and not of collection and the obligations of Guarantor hereunder shall be in addition to and shall not limit or in any way affect the obligations of Guarantor under any other existing or future guaranties unless said other guaranties are expressly modified or revoked in writing. This Guaranty is independent of the obligations of Borrower and any other person under the Note and the other Loan Documents. Lender may bring a separate action to enforce the provisions hereof against Guarantor without taking action against Borrower or any other person or joining Borrower or any other person as a party to such action, and without first or concurrently proceeding against any security held by Lender. This Guaranty is secured and shall be deemed to be secured by any security instrument which recites that it secures this Guaranty.