Credit App - KC Petroleum

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DBA

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Notice

THE PURPOSE OF THIS APPLICATION IN ADDITION TO VERIFYING CREDIT WORTHINESS, IS TO VERIFY FUNDS WILL BE AVAILABLE TO COMPLETE THE ABOVE REFERENCED CONSTRUCTION PROJECT. IT IS UNDERSTOOD THAT ALTHOUGH K. C. PETROLEUM, INC MAY NOT BE EXTENDING CREDIT TO THE APPLICANT, K. C. PETROLEUM, INC. MAY INCUR VARIOUS EXPENSES AND DEBTS IN ORDER TO PREFORM THE WORK DEFINED IN THE CONSTRUCTION CONTRACT, AND TO COMPLETE THE PROJECT. IT IS UNDERSTOOD THAT K. C. PETROLEUM, INC. WILL CONTACT ANY BANK/LOAN/CREDIT REFERENCES TO VERIFY FUNDS AVAILABILITY AND CREDIT WORTHINESS. IN ADDITION K. C. PETROLEUM, INC MAY REQUIRE A COMMITMENT LETTER FROM YOUR BANK/LENDER FOR THE FULL AMOUNT OF THE PLANNED CONSTRUCTION PROJECT.

PERSONAL GUARANTY

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BY SIGNING BELOW I HEREBY CERTIFY THAT I AM A PRINCIPAL OF THE ABOVE BUSINESS, AND THE OWNER OF
THE PLANNED CONSTRUCTION PROJECT, AND DO JOINTLY, SEVERALLY, AND UNCONDITIONALLY PERSONALLY GUARANTY THE FULL AND PROMPT PAYMENT OF ANY OUTSTANDING INDEBTEDNESS, PAST, PRESENT AND FUTURE FOR MATERIAL, LABOR, EQUIPMENT AND SUBCONTRACTOR'S FEES THAT HAVE BEEN ORDERED, OR
HAVE BECOME PART OF THE ABOVE REFERENCED CONSTRUCTION PROJECT. THIS IS INTENDED TO BE, AND SHALL BE CONSTRUED TO BE A CONTINUING GUARANTY APPLYING TO ALL COSTS INCORPORATED IN THE
ABOVE REFERENCED CONSTRUCTION PROJECT, AND AS DEFINED BY SEPARATE CONSTRUCTION CONTRACT.
THIS GUARANTY SHALL NOT BE REVOKED BY THE DEATH OF THE GUARANTOR, BUT SHALL REMAIN IN FORCE
UNTIL I, OR MY EXECUTORS OR ADMINISTRATORS SHALL HAVE GIVEN NOTICE IN WRITING TO MAKE NO FURTHER ADVANCES IN THE CONSTRUCTION PROJECT OF THIS GUARANTY, PROVIDED; HOWEVER THAT SUCH TERMINATION SHALL NOT AFFECT HIS/HER LIABILITY WITH RESPECT TO THE CONSTRUCTION CONTRACT. SUCH NOTICE MUST BE MAILED TO K. C. PETROLEUM, INC. AT PO BOX 60742, JACKSONVILLE, FL 32236, BY CERTIFIED U. S. MAIL, RETURN RECEIPT REQUESTED. IT IS UNDERSTOOD THAT THERE IS NO LIMIT TO MY LIABILITY UNDER THIS GUARANTY.

Signature *

AUTHORIZATION TO PULL CONSUMER CREDIT REPORTS

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THE UNDERSIGNED HEREBY CONSENTS TO K. C. PETROLEUM, INC'S USE OF A CONSUMER CREDIT REPORT ON THE UNDERSIGNED IN ORDER TO FUTHER EVALUATE THE CREDIT WORTHINESS OF THE UNDERSIGNED AS PRINCIPAL, PROPRIETOR, AND/OR GUARANTOR IN CONNECTION WITH THE EXTENTION OF BUSINESS CREDIT AS CONTEMPLATED BY THIS APPLICATION. THE UNDERSIGNED HEREBY AUTHORIZES K. C. PETROLEUM, INC TO UTILIZE A CONSUMER CREDIT REPORT ON THE UNDERSIGNED FROM TIME TO TIME IN CONNECTION WITH THE EXTENSION OR CONTINUATION OF THE BUSINESS CREDIT REPRESENTED BY THIS CREDIT APPLICATION. THE UNDERSIGNED AS AN INDIVIDUAL HEREBY CONSENTS TO THE USE OF SUCH CREDIT REPORT CONSISTENT WITH THE FEDERAL FAIR CREDIT REPORTING ACT AS CONTAINED IN 15 U.S.C. @ 1681 ED SEQ.

Signature *

KC Petroleum Credit Application

Client Credit History