The _________ bank, a corporation organized and existing under and by virtue of the laws of the state of _________ with its principal place of business at _________, _________ county, _________, has this day made, executed and delivered to the bank of _________, a corporation organized and existing under and by virtue of the laws of the state of _________, with its principal place of business at _________, _________ county, _________, its certain promissory note in the sum of $_____ and the note is secured by assignment, guaranties and collateral attached to it; and the collateral or part of it is of doubtful value; and the undersigned desire the further securing of the bank of _________ and of guaranteeing the full payment of the promissory note.

In consideration of the consolidation of the banking corporations and the mutual personal benefit and advantages coming to the undersigned by reason of it, and for other good, valuable and adequate consideration, the undersigned, _________, _________, and _________, of _________, guarantee to the _________ bank and to its successors and assigns that the promissory note shall upon demand be paid in full, and the undersigned and each of them acknowledge themselves to be obligated to pay the full face value of the paper, together with interest at the due date.

It is understood, however, that the proceeds of any and all collateral attached to the paper shall be applied to the paper as of the date it is received and that the undersigned shall immediately after that be credited upon this guaranty to that extent.

It is agreed that this guaranty shall apply to all extensions and renewals of the note, and the undersigned by this means consent that the collateral or security attached to the note may be extended and renewed from time to time without further notice to or further assent from or demand upon the undersigned or any of them. Presentment, protest and demand, and notice of every kind is by this means expressly waived.

This guaranty shall be binding upon the heirs, executors, administrators, legatees and devisees of the undersigned.