Loading...
HomeMy WebLinkAbout2640BO''K ~jn•, . - JTWER CONDITIONS OF CONTRACT ' ST, t UCIc C`'Tl TY ~L If any payment is not made w1+kln~en days ~fer due date, Buyer agrees to pay late charges of five cents (5T) per dollar in addition to the regular instalment, but not exceeding the lawful maximum and Buyer agrees to pay court costs plus attorney's fees of 15~ of the I;npai6 balance upon a default or Ss5, whichever is greater, for if prohibited by law such sum as is permissible) incurred in effecting collection. Title to the merchandise shall not Dass to Buyer until the Time Balance has been fully paid in cash. Buyer shall be responsible for any loss of n• damage to said property. Should Buyer tail to pay said Time Balance or any Dart thereof when due, the entire unpaid Delance shill at Seller's election become due immediately, or Seller n,ay, without notice, demand or legal process, take possession of the merchandise wherever located and retain all monies paid -thereon for the use of said merchandise. Seiler may thereupon sell said Merchandise at public or private sale and apply the proceeds after deducting expenses and liens, to the payment of said inuebtedness, and pay the surplus, if any, to Buyer. In case of a deficiency Buyer will- pay the same at once. All rights and remedies herein contained are cumulative and not alternative. The merchandise shall remain personal property regardless of any affixation to realty. Buyer shall be responsible tot obtaining all necessary governmental permits and make, or bear all expense of making changes in his property requir°d by law of governmental regulation. Time is of the essence hereof. This agreement may lx assigned witflout notice to Buyer and wflen so assigned, shall be tree iroaf arty defense, counterclaim or cross complaint. My note given in connection with this proposal or conhact is understood to be as evidence of, and not in payment of, tho obligation Hereunder, and racy be sego- tinted without waiving any condition hereof, even though at the time of execution It may be temporarily attached ~rereto. This constitutes the entire agreement between Buyer and Seller and .ie oral modification hareoi shall be valid. Buyer certifies that the credit information furnished by Aim in connection with this sale is true. Buyer certifies that there Is or Is to be n0 extension of credit In connection with the purchase of the merchandise herein described other than that evidenced by this agreement. TO GENERAL ELECTRIC CREDIT CORroRAT10Nr A351GNMENT To Induu You fo purchess tM wifMn Instrunsnf, stfnsd by oaf w eon bnyrn (Moto called "avYw'") Ihs rnderslfnsd rercaMS that (1) arYrr't cndlt stoMrrnf subsnrtlsd Mrowlt- Is rvDstenfiolry true unlru otMrriu speciRsdr (21 Guyer .os of (east 21 Yeon or efs and ofherrlss totally cempeMnf fo contract of IM fans of IM uecutlon of nerd instrrr,enf; 131 told instrvmsnf arose from Ms bona ads gals or the property dsscri bed In wid In Nru resnlr td) Ms Born Daywwnt won stode by buyer In to sh esd reef ih epuiralenf rnlsss ethervrias spr<iFed, and no part thennf war loo reed dlw<tly or Indirectly by fM andenlfnsd fo 6uYers (3) Mm b nor orlny on {old Inrtrv •+snt tM asovnl as wf forth Iherern7 l61 surd Indrv- ment and all puarentees submitted in connecHen tMnwifh ors In all respec fs legally rnfarceobls ofoinA roeh pvrpwNd sane COry tMrsof and Vf tM vndenifned has tM r10ht fo mslye said Inalru reenl and thereby conrsy good titb to it and fo sold property. For value received, the ;,ndenipned Mnby wsifns M you all Ise InNrosf ;n turd Indrvnsnl and proprrry and aufherlte+ Yov fo do wrrythinf necsnary to celle.f and disaharye tM cage. All Mr wma or any eais6np rri tten o9 roemenfa beween tM rndenifnsd and Yor an node o part brrrof by nfsrerrcr, and vndsrtlf reed vnderstonds that you rely rpea fhs ebrve rerronties and upon said o9reemsnta in purchasing wid In afn rswN. Neither tM ropossenron of 1M wid property from the Guyer for any cev se, nor lol!vn b els et rrctKd MIs InthvierM when repaire6 by Ifr (It brief tM duty rt the rnderslf reed b fits sr rresrsl Ms lnsfrvner.Q shall also ss tM vndsrtipcsd frog wGenifned's obllfations Maunder, and in cord of reemsnk, rifh rev. .~ _ ' (Ss~ other tidy for D~olar'c tiynatur~ h /~.[sipn~i~1~Q A~~ ~~COi,~~~ ~',' ~ _ , IPA-_ .. L_I~CQid ~O~?( ,i.,. 1,62 D,--i ~ I f{`r1 !!J: ' , ~,,~ - - - ~ d ST. LUCIE COUNTY, f~lUi;;ii ". "~ s,, . NOTICE.t~~f•Pltt}t1~5ED GROUP LIFE INSURANCE--If the life insurance option is elected on the reverse side hereof, life insurance, providing benefits in the event of death ar total and permanent disability under a Group Creditors life Insurance Policy issued by THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, Newark, N. J., is contemplated in connection with this Contract on the life of buyer whose signature appears in the insurance option box, provided this Contract is assigned to General Electric Credit Corporation, or General Electric Credit Corporation of Georgia. Such insurance, if obtained, will become effective from the date from which finance charges on the indebtedness accrue and a certificate describing it will be furnished within 30 days. The insurance will (in absence of default on instalment payments) remain in force subject to the terms of said policy, until discharge of the indebtedness. Insurance proceeds will be applied to reduce or extinguish the indebted- ness remaining unpaid and any balance wit{ be paid to buyer, if living, otfterwise to his estate. The death benefit is payable it buyer dies white insured under said policy. The total and permanent disability benefit is payable if buyer beccmes totally and permznently disabled while insured under said policy and remains so disabled and ins!~red thereunder for a waiting period equal to the lesser of la) 6 months or (b) one-half the full scheduled term of the indebtedness. The amount payable in the event b~ rep dies or becomes totally and permanently disabled will be the amount necessary to discharge the indebtedness at death or at the end of said waiting period, as the ca,e n;ay be, reduced, in the latter instance by the amount of all instalments then due and unpaid. In no event shall more than 515,000 be so payable mth respect to z; Ir?e!,tedness of buyer the durations of which are concurrent in rrho!e or in part. If life insurance does not become effective or a charge therefor in excess of the above Iic~R ;~ :Wade, an appropriate refitot or credit will be made. In the event of termination of the insurance prior to maturity of this Contract, any unearned portion of the life .n;;'ance charge (based on "The RUIP of 78" refund formula`, will be promptly paid or credited, if ;1.00 or more. The refund formula is on file with the State Ir-:,ran.-e Department where required and with the assignee referred to above. NG7:C' OF PROt'OSED GROUP PROPERTY INSURANCE-It the property insurance option is elected on the reverse side hereof, property insurance is conter•p!ated under a Sroup Credit Property Insurance Policy issued to General Electric Credit Corporation and/or General Electric Credit Corporation of Georgia (herein- after coitectively caller{ ' i;redrtor") by ELECTRIC MUTUAL LIABILITY INSURANCE COMPANY, Lynn, Mass. covering all merchandise listed on the reverse side of this Contract against loss or destruction by one or more of the following hazards-fire, lightning, windstorm, flood, explosion cad Theft (but ex~IUding such hazards as war, strike, riots. electrical disturbances within the merchandise, ordinary wear and tear and fraudulent cam+ersiorl). It is understood that such insurance is available only if this Contrac! is assigned to Creditor and if accepted by the insurer will became effective from the date from which finance charges on thr~ indebtedness accrue. The insurance will (in absence of defzult on installment payments) remain in force, subject to the terms of said policy until discharge of the indeitedness. In the event any or all 01 the covered merchandise is lost or destroyed by one of the covered hazards, insurer will pay the unpaid balance of this Contract to the Creditor on your behalf and Qay you the actual installed value of said merchandise less said unpaid balance less normal depreciation. If said merchandise is damaged by one of the covered hazards, Insurer will pay the cost of reD3iring such damage. In no event shall more than ;50,000 be so payable with respect to covered merchandise on any one premise. In the event of termination of the Insurance prior to scheduled maturity of this Contract, any unearned portion of the property insurance charge will b' promptly paid or credited if 51.00 or more.