The undersigned Applicant(s) hereby provides the above information for the purpose of obtaining credit and authorizes the obtaining of information concerning any statement made herein and the investigation of credit worthiness of the Applicant(s Consumer reports may be requested in connection with the processing of this application and subsequently pursuant to the Fair Credit Reporting Act. Upon request, J. Wright Building Center, Inc. ("Wright Building Center") will inform Applicant(s) of the names and addresses of any consumer reporting agencies that have provided such reports. Applicant(s) agrees to be bound by the terms and conditions set forth in the following credit policy: All accounts are billed monthly. and payment is due in full by the 15th of the month following a credit purchase. By signing this credit agreement. Applicant(s) accepts responsibility and agrees to pay for every invoice that is charged to the account. The Applicant(s) will be jointly and severally liable for all credits advanced as a result of all charges against the account (including. but not limited to. unauthorized use of the account] and that the charges were the duly authorized act of and are binding upon the Applicant(s Any and all such requests and agreements shall remain in full force and effect until written notice of the amendment, rescission or termination thereof has been delivered to and receipted for by Wright Building Center.
A 1.5% per month late charge is added to delinquent accounts. Accounts are considered delinquent on the 16th day of the month following a credit purchase if payment is not received. In the event an accountis delinquent, additional charges will be added for costs, expenses, and attorneys and other fees paid or incurred or adjudged by a court, as a consequence of nonpayment including all reasonable cost of collection, including costs and expenses of attorney's fees towards the collection and enforcement of the obligation to pay. whether suit is filed or not. If credit is required for a period of time exceeding 30 days. arrangements must be made with a bank or other financing agency in advance. In consideration of credit being extended J. Wright Building Center, Inc. (Wright Building Center) to the above named Applicant(s) for merchandise to be purchased whether Applicant(s) be an individual or individuals,a proprietorship, a partnership, a corporation, or other entify, the undersigned guarantor(s) (the singular shall include the plural) hereby contracts and guarantees to Wright the faithful payment, when due, of all purchase amounts and costs (including attorney fees) incurred by said Applicant(s) for purchases made from the date of this application. Any revocation of this guaranty shall be in writing and shall be hand delivered to an officer of J Wright Building Center, Inc. 208 S Williams St, Murphysboro IL 62966. and said revocation shall be affective only for the Applicant's charges or debts with Wright, incurred after the date of revocation, and the guarantor(s) shall remain liable hereunder for these charges and debts incurred prior to the renovation. If this is a joint guaranty, guarantors agree to be jointly and separately liable under the terms of this guaranty. The undersigned guarantor hereby expressly agrees to be bound by all of the terms of the Credit Agreement. including examination of his credit worthiness, and expressly waives all notice of acceptance of the guaranty. notice of extension of credit to Applicant(s presentment and demand for payment on Applicant(s) protest and notice to undersigned guarantor(s) of dishonor or default by Applicant(s) or with respect to any security held by Wrights, extension of time of payment. acceptance of partial payment or partial compromise, all other notices to which the undersigned guarantor(s) might otherwise be entifled and demand for payment under this guaranty.