I hereby certify that all statements accompanying and contained in this application are true and made for the purpose of obtaining credit and in consideration of Laddawn, Inc. selling to me or my agent(s), I agree to the following terms:
(1.) To pay the account in full per terms Net 30 days, and to pay interest at a rate of 1 1/2% per month (18% per annum) for all invoices past due.
(2.) If this account is placed for collection, I agree to pay all reasonable charges for collection, including attorney's fees. I further agree that a charge of 25% of the claim shall be considered reasonable, as an attorney's fee and 30% of the claim shall be considered reasonable as a collection fee.
(3.) The undersigned authorize any credit investigation needed for action on this credit application and hereby indemnify Laddawn, Inc. from any liability resulting from their credit survey.
The undersigned individual(s) hereby personally guarantees without any qualification or condition, any debts of the above named Corporate Applicant incurred prior to the receipt by the above companies, of written notice of the revocation of the guaranty by the undersigned.