[ Credit Application ]

1. To pay the monthly statement in full by the end of the month following the month of purchases.
2. In the event of default of foregoing paragraph (1), I (we) agree to pay a finance charge of 1 1/2% monthly on all unpaid past due balances.
3. In the event of non-payment, I (we) agree to pay all costs and expenses of collection, including attorney fees & continuing finance charges until payment is secured. In the event legal action is necessary the individual consents to the use of Town of Jay / and or Essex County being utilized for jurisdictional purposes.
4. When we receive payment for an account that has finance charges outstanding in the balance owed, the monies received will first be credited against that interest owed. The balance of the payment remaining will then be applied against the oldest outstanding invoice(s), unless otherwise specified to a specific job.
5. I (we) authorize the trade reference(s) stated above to disclose any credit reference information requested, as well as a credit bureau check to secure a line of credit.
6. I (we) understand Ward Lumber reserves the right to close such account if terms are not complied with or if the credit limit is exceeded at any time.

Thank you for your application!