PRIVACY
POLICY

What information do we collect?

We collect information from you when you fill out a form.  When filling out the quote request on our site, you may be asked to enter your: name, e-mail address, mailing address or phone number.

What do we use your information for?

Any of the information we collect from you may be used in one of the following ways: 1)To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you), 2) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs)

Do we disclose any information to outside parties?

We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

By using our site, you consent to our privacy policy. If there are any questions regarding this privacy policy you may contact us using the information below:
25811 74th Ave So
Kent, WA 98032
info@morseindustries.com
(253) 852-1399

Credit Terms and Conditions

SECURITY AGREEMENT: IN CONSIDERATION OF SELLER'S WILLINGNESS TO EXTEND CREDIT, AT SELLER'S SOLE DISCRETION, TO APPLICANT, APPLICANT ("DEBTOR") HEREBY GRANTS TO SELLER (THE "SECURED PARTY") A SECURITY INTEREST IN ANY ITEMS SOLD BY THE SECURED PARTY TO DEBTOR AND ANY AND ALL ACCESSIONS THEREOF, AND ALL OF DEBTOR'S INVENTORY AND STOCK IN TRADE, INCLUDING ALL RAW MATERIALS AND WORKS IN PROCESS AND MATERIALS TO BE USED OR CONSUMED IN THE BUSINESS OF DEBTOR, WHETHER SUCH INVENTORY IS NOW OR HEREAFTER ACQUIRED, AND ALL PRODUCTS THEREOF (THE "PROPERTY"), TOGETHER WITH ALL CASH AND NONCASH PROCEEDS OF SUCH PROPERTY, INCLUDING WITHOUT LIMITATION CHATTEL, PAPER AND ACCOUNTS RECEIVABLE.

THE AGREEMENTS OF DEBTOR UNDER THIS SECURITY AGREEMENT ARE GIVEN TO SECURE THE PAYMENT AND PERFORMANCE OF ALL INDEBTEDNESS AND OBLIGATIONS OF DEBTOR TO THE SECURED PARTY PRESENTLY EXISTING AND HEREAFTER ARISING, DIRECT OR INDIRECT, AND INTEREST THEREON, REGARDLESS OF THE ADEQUANCY OF ANY SECURITY WHICH THE SECURED PARTY MAY AT ANY TIME HOLD HEREUNDER OR OF ANY OTHER SECURITY GIVEN BY DEBTOR TO THE SECURED PARTY.

1. DEFAULT: THE FOLLOWING SHALL CONSTITUTE "EVENTS OF DEFAULT":
    
   1. THE FAILURE TO PAY WHEN DUE THE FULL AMOUNT OF ANY PAYMENT, INCLUDING INTEREST, WHICH IS OR MAY BE SECURED HEREBY; OR
       
   2. THE FALSITY OF ANY REPRESENTATION BY DEBTOR HEREIN OR IN ANY CREDIT APPLICATION OR FINANCIAL STATEMENT GIVEN BY DEBTOR TO THE SECURED PARTY AS A BASIS OF ANY EXTENSION OF CREDIT SECURED HEREBY; OR
       
   3. THE PROPERTY IS SEIZED OR LEVIED UPON UNDER ANY LEGAL OR GOVERNMENTAL PROCESS AGAINST DEBTOR OR THE PROPERTY; OR
       
   4. DEBTOR BECOMES INSOLVENT OR IS THE SUBJECT OF A PETITION IN BANKRUPTCY, EITHER VOLUNTARY OR INVOLUNTARY, OR IN ANY OTHER PROCEEDING UNDER THE FEDERAL BANKRUPTCY LAWS, OR MAKES AN ASSIGNMENT FOR THE BENEFIT OF CREDITORS, OR DEBTOR NAMED IN OR THE PROPERTY IS SUBJECT TO A SUIT FOR THE APPOINTMENT OF A RECEIVER; OR
       
   5. ANY PORTION OF THE PROPERTY IS LOST, DESTROYED, OR SUBSTANTIALLY DAMAGED; OR
       
   6. A JUDGMENT IS ENTERED AGAINST DEBTOR; OR
       
   7. DEBTOR IS DISSOLVED OR LIQUIDATED.
      
      UPON THE OCCURRENCE OF ANY EVENT OF DEFAULT, THE ENTIRE AMOUNT OF THE INDEBTENDESS SECURED HEREBY SHALL, THEN OR AT ANY TIME THEREAFTER, AT THE OPTION OF THE SECURED PARTY, BECOME IMMEDIATELY DUE AND PAYABLE WITHOUT NOTICE OR DEMAND, AND THE SECURED PARTY SHALL HAVE AN IMMEDIATE RIGHT TO PURSUE THE REMEDIES SET FORTH IN THE SECURITY AGREEEMENT.
       
2. REMEDIES: IN THE EVENT OF DEFAULT HEREUNDER, THE SECURED PARTY SHALL HAVE ALL REMEDIES PROVIDED BY LAW, WHICH INCLUDE WITHOUT LIMITATION THE FOLLOWING:
    
   1. THE SECURED PARTY IS AUTHORIZED TO ENTER ANY PREMISES WHERE THE PROPERTY IS SITUATED AND TAKE POSSESSION OF THE PROPERTY WITHOUT NOTICE OR DEMAND AND WITHOUT LEGAL PROCEEDINGS; AND
       
   2. AT THE REQUEST OF THE SECURED PARTY, DEBTOR WILL ASSEMBLE THE PROPERTY AND MAKE IT AVAILABLE TO THE SECURED PARTY AT A PLACE DESIGNATED BY THE SECURED PARTY, WHICH IS REASONABLY CONVENIENT TO BOTH PARTIES; AND
   
   
   3. DEBTOR AGREES THAT ANY NOTICE OR OTHER COMMUNICATION BY THE SECURED PARTY TO DEBTOR SHALL BE SENT TO THE ADDRESS OF DEBTOR STATED IN THIS APPLICATION; AND
       
   4. DEBTOR AGREES TO PAY ON DEMAND THE AMOUNT OF ALL EXPENSES REASONABLY INCURRED BY THE SECURED PARTY, INCLUDING ATTORNEY'S FEES, IN PROTECTING OR REALIZING ON THE PROPERTY.
       
3. WAIVERS: THIS AGREEMENT SHALL NOT BE QUALIFIED OR SUPPLEMENTED BY COURSE OF DEALING, AND NO WAIVER OR MODIFICATION BY THE SECURED PARTY OF ANY OF THE TERMS OR CONDITIONS HEREOF SHALL BE EFFECTIVE UNLESS IN WRITING SIGNED BY THE SECURED PARTY.
    
4. APPLICABLE LAW: THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF WASHINGTON. THE EXCLUSIVE JURISDICTION AND VENUE OF ANY LAWSUIT BETWEEN THE PARTIES ARISING OUT OF THIS BUSINESS RELATIONSHIP SHALL BE IN KING COUNTY, WASHINGTON OR IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WASHINGTON, AND EACH OF THE PARTIES HEREBY SUBMITS ITSELF TO THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURT. ATTORNEYS' FEES AND COSTS: IN ANY LITIGATION OR DISPUTES ARISING OUT OF THIS APPLICATION AND AGREEMENT, THE SUBSTANTIALLY PREVAILING PARTY WILL BE ENTITLED TO RECOVER ALL REASONALBE COSTS AND ATTORNEYS' AND EXPERTS' FEES, INCLUDING COSTS AND FEES ON APPEAL.