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GUARANTY CONTINUED PAGE 2 Related Documents: The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan agreements, environmental . agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. MAXIMUM LIABILITY. The maximum liability of Guarantor under this Guaranty shall not exceed at any one time the Indebtedness of Borrower to Lender. The above limitation on liability is not a restriction on the amount of the Indebtedness of Borrower to Lender either in the aggregate or at any one time. If Lender presently holds one or more guaranties, or hereafter receives additional guaranties from Guarantor, the rights of Lender under all guaranties shall be cumulative. This Guaranty shall not (unless specifically provided below to the contrary) affect or invalidate any such other guaranties. The liability of Guarantor will be the aggregate liability of Guarantor under the terms of this Guaranty and any such other unterminated guaranties. NATURE OF GUARANTY. Guarantor intends to guarantee at all times the performance and • prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise, of all Indebtedness within the limits set forth in the preceding section of this Guaranty. • DURATION OF GUARANTY. This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice to Guarantor or to Borrower, and will continue in full force until all Indebtedness shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in° Rill. Release of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this Guaranty. A revocation received by Lender from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this Guaranty. Notwithstanding any other provision of this agreement, if Lender enforces Lender's rights pursuant to the terms of this Guarantee, Guarantor shall have the right to fulfill its obligations under this Guarantee by assuming the payment schedule set forth in the original Note. Guarantor shall also have the right, for a period of 120 days after Lender exercises its rights pursuant to this Guarantee, to negotiate different payment terms than those provided in the Note. Lender shall negotiate such terms in good faith at the Guarantor's request. GUARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, without notice or demand and without lessening Guarantor's liability under this Guaranty, from time to time: (a) to alter, compromise, renew, extend, accelerate, or othenvise change one or more times the time for payment or other terms of the Indebtedness or any part of the Indebtedness, • including increases decreases of the rate of interest on the Indebtedness; extensions may be