I (we), the undersigned, authorize the above-named firms and banking institutions to furnish information requested by North South Supply, Inc., its subsidiaries or divisions to process this application. I (we), the under- signed, agree that neither those firms nor their employees shall be liable for any claim or damages as a result of furnishing the requested information. I (we), the undersigned, authorize North South Supply, Inc., to perform any additional investigation deemed necessary to establish and maintain a credit line between the above applicant and North South Supply, Inc. I (we), the undersigned further agree to all the following terms and conditions of sales:
1. I (we), the undersigned, agree to pay seller for goods according to sellers terms, which are: NET 10th PROX on the 10th of the following month after date of sale; if not paid by the 10th of the following month, the account is past due and I (we), the undersigned, agree to pay interest on the unpaid balance in the amount of 1.5% per month or the highest rate allowable by law, whichever is lower, until the account is paid in full, specifically including post judgment interest.
2. I (we), the undersigned purchaser agree that the seller shall have a lien on all of the purchasers documents, real and personal property, or money in our possession for the payment of all sums due under this agreement.
3. Should it become necessary to place this account for collection, suit or other legal proceedings, I (we), the undersigned, agree to pay all costs and expenses of collection, suit or other legal action, including a responsible attorney’s fee, and if necessary, appellate fee.
4. I (we) the undersigned, hereby waive any and all privileges and rights which I (we) may have under Chapter 47, Florida Statutes, relating to venue, as it now exists or may hereafter be amended and further, I (we), the undersigned, agree that any legal action brought for collection of past-due accounts may be brought in the appropriate court in Indian River County, Florida or Orange County, Florida at the election of North South Supply, Inc.
5. Ownership of and title to all materials shipped remain the property of the seller until fully paid.
6. All claims for shortages or incorrectly shipped materials must be made within One (1) working day from the date of receipt of material.