EX-10.27





 Exhibit 10.27 

GUARANTY 
 (EXCEPTIONS TO
NON-RECOURSE GUARANTY) 
 This GUARANTY (this “Guaranty”) is entered
into as of July 8, 2021, by the undersigned STRATEGIC STORAGE TRUST VI, INC., a Maryland corporation (“Guarantor”), for the benefit of SKYMAR CAPITAL CORPORATION, a Delaware corporation, and/or any
subsequent holder of the Note (“Lender”). 
 RECITALS 

A.    SST VI 8570 S DURANGO DR, LLC, a Delaware limited liability company (the “Borrower”),
has requested that Lender make a loan to Borrower in the amount of $4,800,000.00 (the “Loan”). The Loan will be evidenced by a Promissory Note from Borrower to Lender dated as of the date of this Guaranty (the
“Note”). The Note will be secured by a Deed of Trust, Assignment of Rents and Security Agreement dated the same date as the Note (the “Instrument”), encumbering the real property
described in the Instrument (the “Property”). As used herein, the term “Loan Documents” shall mean the Note, the Instrument, and any other documents or instruments given by Borrower or others and
accepted by Lender for the purposes of evidencing, securing, or guaranteeing the Loan. 
 B.    As a condition to making
the Loan to Borrower, Lender requires that Guarantor execute this Guaranty. 
 NOW, THEREFORE, in order to induce Lender to make the
Loan to Borrower, and in consideration thereof, Guarantor agrees as follows: 
 1.    As used herein,
“Indebtedness” shall mean all obligations evidenced by the Note or secured by the Instrument. 

2.    Guarantor hereby absolutely, unconditionally and irrevocably guarantees to Lender the full and prompt payment when
due, whether at maturity or earlier, by reason of acceleration or otherwise, and at all times thereafter, and the full and prompt performance when due, of all of the following: 

(a)    All amounts for which Borrower is liable under Section 26 of the Instrument; 

(b)    Intentionally Deleted. 

(c)    The payment and performance of all of obligations of Borrower under the Environmental Indemnity Agreement (as
defined in the Instrument); and 
 (d)    All reasonable costs and expenses, including reasonable fees and out of pocket
expenses of attorneys and expert witnesses, incurred by Lender in enforcing its rights under this Guaranty. 












 For purposes of determining Guarantor’s liability under this Guaranty, all payments
made by Borrower with respect to the Indebtedness and all amounts received by Lender from the enforcement of its rights under the Instrument shall be applied first to the portion of the Indebtedness for which neither Borrower nor Guarantor has
personal liability. 
 Guarantor hereby promises to pay and perform, as and when due (whether by acceleration, at maturity, or otherwise)
and at all times thereafter, each and all of the items and obligations which are stated to be guaranteed hereunder but which are obligations for which Guarantor is primarily liable or are not obligations of others. 

3.    The obligations of Guarantor under this Guaranty shall survive any foreclosure proceeding, any foreclosure sale, any
delivery of any deed in lieu of foreclosure, and any release of record of the Instrument, and, in addition, the obligations of Guarantor under Sections 2(c) and 2(d) above shall survive any repayment or discharge of the
Indebtedness. 
 4.    Guarantor’s obligations under this Guaranty constitute an unconditional continuing guaranty
of payment and not merely a guaranty of collection. 
 5.    The obligations of Guarantor under this Guaranty shall be
performed without demand by Lender and shall be unconditional irrespective of the genuineness, validity, regularity or enforceability of any of the Loan Documents, and without regard to any other circumstance which might otherwise constitute a legal
or equitable discharge of a surety or a guarantor. Guarantor shall be liable even if Borrower had no liability at the time of execution of the Loan Documents, or thereafter ceases to be liable. Guarantor hereby agrees that Guarantor’s liability
may be larger in amount and more burdensome than that of Borrower. Guarantor hereby waives the benefit of all principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Guaranty and agrees that
Guarantor’s obligations shall not be affected by any circumstances, whether or not referred to in this Guaranty, which might otherwise constitute a legal or equitable discharge of a surety or a guarantor. Guarantor hereby waives the benefits of
any right of discharge under any and all statutes or other laws relating to guarantors or sureties and any other rights of sureties and guarantors thereunder. Without limiting the generality of the foregoing, Guarantor hereby waives, to the fullest
extent permitted by law, diligence in collecting the Indebtedness, presentment, demand for payment, protest, all notices with respect to the Note, this Guaranty, or any other Loan Document which may be required by statute, rule of law or otherwise
to preserve Lender’s rights against Guarantor under this Guaranty, including, but not limited to, notice of acceptance, notice of any amendment of the Loan Documents, notice of the occurrence of any default, notice of intent to accelerate,
notice of acceleration, notice of dishonor, notice of foreclosure, notice of protest, and notice of the incurring by Borrower of any obligation or indebtedness. Guarantor also waives, to the fullest extent permitted by law, all rights to require
Lender to: (a) proceed against Borrower or any other guarantor of Borrower’s payment or performance with respect to the Indebtedness (an “Other Guarantor”), (b) if Borrower or any Other Guarantor is a
partnership, proceed against any general partner of Borrower or the Other Guarantor, (c) proceed against or exhaust any collateral held by Lender to secure the repayment of the Indebtedness, or (d) pursue any other remedy it may now or
hereafter have against Borrower, or (if Borrower is a partnership, any general partner of Borrower). 












 6.    Guarantor understands that the exercise by Lender of certain
rights and remedies contained in the Instrument (such as a nonjudicial foreclosure sale) may affect or eliminate Guarantor’s right of subrogation against Borrower and that Guarantor may therefore incur a partially or totally nonreimbursable
liability under this Guaranty. Nevertheless, Guarantor hereby authorizes and empowers Lender to exercise, in its sole and absolute discretion, any right or remedy, or any combination thereof, which may then be available, since it is the intent and
purpose of Guarantor that the obligations under this Guaranty shall be absolute, independent and unconditional under any and all circumstances. Guarantor expressly waives any defense (which defense, if Guarantor had not given this waiver, Guarantor
might otherwise have) to a judgment against Guarantor by reason of a judicial or nonjudicial foreclosure. Without limiting the generality of the foregoing, Guarantor hereby expressly waives any and all benefits under any applicable law which, if
Guarantor had not given this waiver, (i) would otherwise limit Guarantor’s liability after a foreclosure sale to the difference between the obligations of Guarantor under this Guaranty and the fair market value of the property or interests
sold at such nonjudicial foreclosure sale, (ii) would otherwise limit Lender’s right to recover a deficiency judgment after a foreclosure sale, and (iii) would otherwise require Lender to exhaust all of its security before a personal
judgment could be obtained for a deficiency. Notwithstanding any foreclosure of the lien of the Instrument, whether by the exercise of the power of sale contained in the Instrument, by an action for judicial foreclosure or by Lender’s
acceptance of a deed in lieu of foreclosure, Guarantor shall remain bound under this Guaranty. Guarantor waives all rights and defenses that Guarantor may have because Borrower’s obligations are secured by real property. This means, among other
things: 
 (i)    Lender may collect from Guarantor without first foreclosing on any real or personal property
collateral pledged by Borrower or others; and 
 (ii)    If Lender forecloses on any real property collateral pledged by
Borrower or others: (a) The amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price; and (b) Lender may collect from Guarantor
even if Lender, by foreclosing on the real property collateral, has destroyed any right Guarantor may have to collect from Borrower. 
 This
is an unconditional and irrevocable waiver of any rights and defenses that Guarantor may have because Borrower’s obligations are secured by real property. 

7.    Guarantor also waives any right or defense based upon an election of remedies by Lender, even though such election
(e.g., nonjudicial foreclosure with respect to any collateral held by Lender to secure repayment of the Indebtedness) destroys or otherwise impairs the subrogation rights of Guarantor or the right of Guarantor (after payment of the obligations
guaranteed by Guarantor under this Guaranty) to proceed against Borrower for reimbursement, or both. 
 8.    Guarantor
shall have no right of, and hereby waives any claim for, subrogation, reimbursement, indemnification, and contribution against Borrower and against any general partner, member or other constituent of Borrower, and against any other person or any
collateral or security for the Indebtedness, until the Indebtedness has been indefeasibly paid and satisfied in full, all obligations owed to Lender under the Loan Documents have been fully performed, and Lender has released, transferred or disposed
of all of its right, title and interest in such collateral 












 
or security, and there has expired the maximum possible period thereafter during which any payment made by Borrower or others to Lender with respect to the Indebtedness could be deemed a
preference under the United States Bankruptcy Code. 
 9.    At any time or from time to time and any number of times,
without notice to Guarantor and without affecting the liability of Guarantor, (a) the time for payment of the principal of or interest on the Indebtedness may be extended or the Indebtedness may be renewed in whole or in part; (b) the time
for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Instrument or any other Loan Document, whether presently existing or hereinafter entered into, may be extended or such performance or
compliance may be waived; (c) the maturity of the Indebtedness may be accelerated as provided in the Note, the Instrument, or any other Loan Document; (d) the Note, the Instrument, or any other Loan Document may be modified or amended by
Lender and Borrower in any respect, including, but not limited to, an increase in the principal amount; and (e) any security for the Indebtedness may be modified, exchanged, surrendered or otherwise dealt with or additional security may be
pledged or mortgaged for the Indebtedness. 
 10.    If more than one person executes this Guaranty, the obligations of
those persons under this Guaranty shall be joint and several. Lender, in its sole and absolute discretion, may (a) bring suit against Guarantor, or any one or more of the persons constituting Guarantor, and any Other Guarantor, jointly and
severally, or against any one or more of them; (b) compromise or settle with any one or more of the persons constituting Guarantor for such consideration as Lender may deem proper; (c) release one or more of the persons constituting
Guarantor, or any Other Guarantor, from liability; and (d) otherwise deal with Guarantor and any Other Guarantor, or any one or more of them, in any manner, and no such action shall impair the rights of Lender to collect from Guarantor any
amount guaranteed by Guarantor under this Guaranty. If this Guaranty shall not be enforceable against one or more (but less than all) of the persons who execute the same, the liability of the other persons executing this Guaranty shall not be
diminished or otherwise affected thereby. Nothing contained in this paragraph shall in any way affect or impair the rights or obligations of Guarantor with respect to any Other Guarantor. 

11.    Any indebtedness of Borrower held by Guarantor now or in the future is and shall be subordinated to the
Indebtedness and any such indebtedness of Borrower shall be collected, enforced and received by Guarantor, as trustee for Lender, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty.

 12.    If any payment by Borrower is held to constitute a preference under any applicable bankruptcy, insolvency, or
similar laws, or if for any other reason Lender is required to refund any sums to Borrower, such refund shall not constitute a release of any liability of Guarantor under this Guaranty. It is the intention of Lender and Guarantor that
Guarantor’s obligations under this Guaranty shall not be discharged except by Guarantor’s performance of such obligations and then only to the extent of such performance. 

13.    Guarantor shall, within ninety (90) days following the end of each calendar year, deliver to Lender
Guarantor’s annual financial statements. 












 14.    Lender may assign its rights under this Guaranty in whole or in
part and upon any such assignment, all the terms and provisions of this Guaranty shall inure to the benefit of such assignee to the extent so assigned. The terms used to designate any of the parties herein shall be deemed to include the heirs, legal
representatives, successors and assigns of such parties; and the term “Lender” shall include, in addition to Lender, any lawful owner, holder or pledgee of the Note. 

15.    This Guaranty and the other Loan Documents represent the final agreement between the parties and may not be
contradicted by evidence of prior, contemporaneous or subsequent oral agreements. There are no unwritten oral agreements between the parties. All prior or contemporaneous agreements, understandings, representations, and statements, oral or written,
are merged into this Guaranty and the other Loan Documents. Guarantor acknowledges that it has received copies of the Note and all other Loan Documents. Neither this Guaranty nor any of its provisions may be waived, modified, amended, discharged, or
terminated except by an agreement in writing signed by the party against which the enforcement of the waiver, modification, amendment, discharge, or termination is sought, and then only to the extent set forth in that agreement. 

16.    This Guaranty shall be governed by the laws of the state in which the Property is located (the “Property
Jurisdiction”). Guarantor agrees that any controversy arising under or in relation to this Guaranty shall be litigated exclusively in the Property Jurisdiction. The state and federal courts and authorities with jurisdiction in the
Property Jurisdiction shall have exclusive jurisdiction over all controversies which shall arise under or in relation to this Guaranty, the Note, the Instrument or any other Loan Document. Guarantor irrevocably consents to service, jurisdiction, and
venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise. 

17.    Lender may, at any time, sell, transfer or assign the Note and the Loan Documents, or any part thereof, and any or
all servicing rights with respect thereto, or grant participations therein or issue mortgage pass-through certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement (the
“Securities”). In connection with any of the foregoing, promptly following request from Lender, Guarantor shall furnish and certify as true and complete in all material respects, such information concerning Guarantor as
Lender may reasonably request. Without limitation, Guarantor agrees that it will be reasonable to request (and Guarantor shall furnish) resumes, financial statements, tax returns, key principal questionnaires, and credit reports. Guarantor
authorizes Lender to forward the same to any purchaser, transferee, assignee, servicer, participant, investor in such Securities or any rating agency rating such Securities (singularly, an “Investor,” and collectively, the
“Investors”) and each prospective Investor. 
 18.    GUARANTOR AND LENDER EACH
(A) AGREES NOT TO ELECT A TRIAL BY JURY WITH RESPECT TO ANY ISSUE ARISING OUT OF THIS GUARANTY OR THE RELATIONSHIP BETWEEN THE PARTIES AS GUARANTOR AND LENDER THAT IS TRIABLE OF RIGHT BY A JURY AND (B) WAIVES ANY RIGHT TO TRIAL BY JURY
WITH RESPECT TO SUCH ISSUE TO THE EXTENT THAT ANY SUCH RIGHT EXISTS NOW OR IN THE FUTURE. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS SEPARATELY GIVEN BY EACH PARTY, KNOWINGLY AND VOLUNTARILY WITH THE BENEFIT OF COMPETENT LEGAL COUNSEL. 












 IN WITNESS WHEREOF, Guarantor has executed and delivered this Guaranty as of the date
first written above. 
  

			
	GUARANTOR:
	
	STRATEGIC STORAGE TRUST VI, INC., a Maryland corporation
		
	By:	 	 /s/ H. Michael Schwartz

	Name:	 	 H. Michael Schwartz Title:
 CEO and
President



 ACKNOWLEDGMENT 

CALIFORNIA FORM 
  

			
	A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which
this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

  

			
	STATE OF CALIFORNIA	  	)
		  	) §
	County of Orange	  	)

 On June 29, 2021, before me, Denise C. Moore-Hedge a Notary Public, personally appeared H. Michael
Schwartz, who 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. 

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 

WITNESS my hand and official seal. 
  

					
	 /s/ Denise C. Moore-Hedge
	 		 	
	Signature of Notary	 		 	
		 		 	(Affix seal here)