Common Contracts
1 similar null contracts
NISGA’A GUARANTOR’S INDEMNITY AND ACKNOWLEDGEMENTApril 1st, 2014
We have agreed to loan to the Borrower(s) the sum of [insert principal amount of mortgage in words] dollars ($[insert dollar amount]) (the “Principal Amount”), the repayment of which, along with the interest, is secured by the Mortgage. This loan is to be made on the condition that you enter into this Guarantor’s Indemnity and Acknowledgement and guarantee the repayment of the loan secured by the Mortgage. In return for our making this loan to the Borrower and for other valuable consideration (the receipt and sufficiency of which are hereby acknowledged), you promise, as principal debtor(s) and not as surety(ies), on your own behalf as well as on behalf of your heirs, executors, administrators, successors and assigns, to pay to us, and to our successors and assigns, the Principal Amount and all other amounts secured by the Mortgage, together with interest as required under the Mortgage, on the days and at the times the Borrower is required to pay them under the Mortgage and to observe
