DIY Legal Forms

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Accommodation Signature With Waivers

By: [Name of accommodation party]

As: [Co-maker; drawer; indorser]

For the accommodation of [Name of person whose obligation is guaranteed].

The undersigned waives presentment, notice of dishonor, and protest. The undersigned consents

(1) to one or more extensions, renewals, adjustments or modifications of this instrument, which may be made without notice to or the further assent of the undersigned, and

(2) the exchange or release from time to time of any property that now or later may be serving as collateral for this instrument without notice to or further assent of the undersigned. The undersigned will remain bound on this guaranty notwithstanding any good faith dealings with the collateral by the payee or holder of this instrument.

The undersigned acknowledges that any failure to properly execute or file any document in connection with the validation or perfection of any security interest shall not constitute an impairment of the collateral and the undersigned shall remain bound on his guaranty notwithstanding such failure.

[Date]

[Signature]

Accommodation Party

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)