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"each and every partner" was to be personally and collectively
liable upon the note as "their respective personal liability may
appear on the books of the partnership." Mr. Hoyt's signature
appeared twice at the bottom of the note; under one signature he
was stated to be signing the note as individual general partner
of RCR #4 and under his second signature he was stated to be
signing the note as "attorney-in-fact" for RCR #4's limited
partners.
In connection with the above RCR #4 "Full Recourse
Promissory Note", Mr. Hoyt further signed the names of 14 RCR #4
limited partners to another document dated December 31, 1984,
entitled "Certificate of Assumption of Primary Liability". This
certificate stated that each of the undersigned limited partners
thereby agreed to be fully personally liable for all amounts owed
under RCR #4's note.
The RCR #6 promissory note for $1,960,140 dated January 15,
1986, that Mr. Hoyt issued to Barnes Ranches was stated to be a
"Full Recourse Promissory Note". This note stated that each and
every partner was to be personally and collectively liable on the
note as "their respective personal liability may appear on the
books of the partnership". Mr. Hoyt's signature appeared twice
at the bottom of this note; under one signature he was stated to
be signing the note as individual general partner of RCR #6 and
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