In making this application for credit, I/we hereby agree that all amounts are payable on or before the net due date as shown on each invoice, and if not paid on or before said date, are then deliquent. Further, I/we agree to pay a deliquecy charge of eighteen percent (18%) per annum calculated on a monthly basis, uncompounded, but not in excess of the lawful maximum rate of interest under Louisiana law, on any amount which becomes past due more than 30 days from the net due date appearing on each invoice and thereafter on all deliquent amounts until paid.
If credit is granted, I/we agree to the above terms and the undersigned is/are responsible for payment of the account. In consideration of your extending credit to the above firm at my/our request, I/we hereby personally guarantee the payment of all of their obligations to you until withdrawn by me/us by certified mail. I/we waive notice of acceptance of the guaranty, notice of the sale of goods, wares and merchandise sold by you to the customer designated above, and notice of default. I/we consent to the extension of time of payment of the indebtedness or any portion thereof. And I/we do further agree that if this matter is placed in the hands of an attorney for collection, or if collection is made through probate proceedings, to pay reasonable amount in attorney's fees on both the principal and deliquent charge.