Common use of Your Guarantee Clause in Contracts

Your Guarantee. You unconditionally guarantee to us that all of what is owed, being all of the amounts listed in section 2.1, will be paid, and you guarantee that all of the other obligations of the borrower (or every borrower, if there is more than one) under the mortgage will be complied with. You agree that if any amount in section 2.1 isn't paid, you will pay it. Your guarantee continues even if the borrower becomes bankrupt or insolvent, or is discharged in a bankruptcy or other proceeding. A limit on the amount secured by the security doesn't limit your guarantee.