from a legal contract between a lender and borrower

Before improvement
All transactions effected pursuant to this instrument shall be effected for the account and risk and in the name of the undersigned; and the undersigned hereby agrees to indemnify and hold you harmless from , and to pay you promplty on demand, any and all losses arising therefrom or any debit blance due thereon.
Why is it difficult to understand?
Complex vocabulary
Long sentences
Complicated sentence structure

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