40 BULLETIN" 860, U. S. DEPARTMENT OF AGRICULTURE. 



advanced by you to it as aforesaid, with interest at the rate of per cent 



per annum, but subject to the limit on our aggregate and individual liability 

 hereafter expressed. 



1. This guaranty shall be a continuing guaranty, but our aggregate liability 



shall not under any circumstances exceed the sum of $ , 



and the proportionate share or liability of each of us individually in respect 

 of the said sum shall not exceed iu amount the sum placed opposite our re- 

 spective signatures at the foot hereof. 



2. Within the aforesaid limits of liabality this guaranty shall extend and be 

 applicable to the whole debt that shall ultimately be due to you from [The 

 Grain Growers' Cooperative Association] in respect to money ad- 

 vanced by you to it as aforesaid, and not merely to so much thereof as shall 

 be co-extensive with our aforesaid maximum aggregate liability hereunder. 



3. You shall be at liberty without discharging us from our liability hereunder 



to grant time or other indulgence to the said [The Grain Growers' 



Cooperative Association] in respect to money advanced by you to it as afore- 

 said, and to accept payment from it in cash or by means of negotiable instru- 

 ments, and to treat with it in all respects as though we are jointly liable with 

 it as debtors to you instead of being merely sureties for the debtor. 



4. In order to give full effect to the provisions of this guaranty we hereby 

 waive and each of us hereby waives all suretyship and other rights inconsistent 

 with such provisions and which we might otherwise be entitled to claim and en- 

 force. We hereby waive and each of us hereby waives all notice respecting 

 your acceptance of and assent to this guaranty and all notice necessary to charge 

 us as guarantors hereunder. 



5. Each guarantor shall be at liberty at any time to withdraw from all lia- 

 bility hereunder on payment to you of such sum as shall represent the pro- 

 portion which his individual liability hereunder shall bear to the aggregate 

 sum of advances made to [The Grain Growers' Cooperative As- 

 sociation] and remaining unpaid at the time of his withdrawal. In the event 

 of the death of any surety his personal representatives shall be at liberty to 

 exercise a like power of withdrawal, and shall thereby relieve his estate from 

 future liability under this guaranty. 



Executed at , this day of , 192, 



Signatures of Guarantors : Amount Guaranteed : 



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