Please use the form to submit a Credit Application. If you prefer to print & hand fill-in your application, please use the link below to download the application.
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Step 1 of 2
FOR VALUE RECEIVED, and intending to be legally bound, the undersigned (“Surety”) absolutely and unconditionally guarantees YOUR PLUMBING SUPPLY and becomes surety for the full and timely payment, both principal and interest, of the present and future indebtedness of
(“Debtor”) to YOUR PLUMBING SUPPLY. Together with any extensions or renewals thereof, whether at maturity or by declaration, acceleration or otherwise.
Surety waives presentment for payment, notice of non-payment, demand and protest and declares that Surety’s obligations hereunder are absolute and unconditional and shall not be released or discharged by any release or discharge of or accord and satisfaction with Debtor or any other person by an renewal or extensions of time of payment of said indebtedness, by any substitution or release of collateral therefor, or by any other matter or thing whatsoever whereby Surety as unconditional and absolute grantor and surety of said indebtedness would or might be released or discharged.
In the event Debtor defaults in the full and timely payment of the principal of interest on said indebtedness, Surety will promptly make payment directly to YOUR PLUMBING SUPPLY. Surety’s obligations hereunder shall be directly enforceable by YOUR PLUMBING SUPPLY without any action of any nature against Debtor or any other person. Said obligations are continuing obligations, are absolute and unconditional irrespective or the genuineness, validity or enforceability of promissory note or other instrument evidencing said indebtedness or of any other circumstances which might otherwise constitute a legal equitable discharge of a guarantor or surety, and shall remain in full force and effect as long as any of said indebtedness remains outstanding and unpaid. Surety has right to revoke this Agreement only as to indebtedness of a Debtor arising out of transactions entered into by Debtor after receipt of written notice of revocation by YOUR PLUMBING SUPPLY. Surety shall pay, in addition to all other sums payable hereunder, the reasonable costs and expenses incurred by YOUR PLUMBING SUPPLY in connection with all actions taken to enforce collection of said indebtedness upon default by Debtor, whether by legal proceeding or otherwise, including but not limited to, court costs and reasonable attorney fees.
Surety empowers the prothonotary or any attorney of any court of record within the United States or elsewhere to appear for Surety and, with or without one or more declarations filed, to confess judgement as often as necessary against Surety in favor of YOUR PLUMBING SUPPLY in any such court, as of any term, for the unpaid balance of said indebtedness, together with cost of suit and an attorney’s commission of 15% for collection, with release of all errors. Surety waives any right to stay of execution and extension upon any levy on real estate pursuant to any judgement so entered and also waives the exemption of all property from levy and sale on any execution thereon and also any exemption laws now in force or which may hereafter be enacted by any State or Nation insofar as such exemption laws may be waived.
All the foregoing promises and obligation, including without limitation the foregoing warrant of attorney to confess judgement, are the joint and several promises and obligations of Surety when more than one, shall bind Surety, heirs, personal representatives, successors and assigns, and shall inure to the benefit of YOUR PLUMBING SUPPLY its successors and assigns, whether so expressed or not. This Agreement has been entered into under and pursuant to the laws of the Commonwealth of Pennsylvania and for all purposes shall be constructed in accordance with said laws. Surety waives notice of acceptance of this Agreement by YOUR PLUMBING SUPPLY.
ALL Principal Officer/Partners/Spouses Sign Below
