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TERMS AND CONDITIONS OF CONTRACI ~
1. No warranties, ei!her expressed or implied, have been made by Seller, unless endorsed he;eon in writing, and the part~es hereto hereby acknowledge that the
transact;on, as outlined on the face h~rc~f, is a true s~d co~recf state ment of this transaction.
2. It is understood that the title to the w;t`~in dsscrihed property shall not pass to ths Buyer, bat shai! rema~n vested in and b~ the property of tAe Seller, or
assignee, until ihe p,~chas~ p~ice. e-:' a!; ct:~r ~~ms d~e hereu;~der have been tu!!y paid. Each and all of the conditions and st:puiatie~s of this agreement, includ-
ing the tirr.e for making ~aid payr~ent~, s'!~;~ he and are oF the essence of this contract, and no agreement for any transfer, renewai, extension or assignment of this
confract or any interest thereurder, or loss. +n;ury ar deshuction of said property shall release Buyer from his o6ligaticn hereunder.
3. Buy~r agrees that Ceiler, er a:signee, may c~~{ect a de!inqu~ncy and colleclion charge on each installment of th~s contract which is +n arrears not less than ten
days, said charge to 6e in zn amount equal to `iv~ per cent oi said insta!Iment, or the maximum pe!missible under aa~!icab!e faw wh~chever is the lesser amount. In addi-
tion. ~uyar a;.rees thai, in tn~ e~•cnt ih:s ~^,iirac~ i~ reterreC to ;an attorney hot a salaried employee of the hold~r of th? c~?n+~act, for ccl(ection, Buyer'will pay attorney's
fees not to exceed fifteen per cent (iS~a) of the amount due and payahle under the contract plus court costs if sny,
4. Buyer agrees to tieep, usp and r.iaintain said proptrty in a c3reful and prudent manner, and not to use same i;legally or impropurfy, and to keep said property free
of all taxes, liens and encurbrances whais~e~er. Buyer agre~s that 2ny cum of money paid by the Seller in payment or discharge of taxes, hens and encuml~rances on said
property shall be promptly repaid by &u~ er an~ ~.nal! h~ securetl Gy and urtler t5is contract. Buyz: agrees that h~ will nct re ~i~v: ra~d property from the state and that he
wi~l not transfer any interest in this co::tract or sa:d property w;<i~out the prior written permission of Seller.
5. in !he event af any delault by the Buyer i~ the perEorTanc? of any of the terms or co~dit;ons hereo!, or in the evert ~~I!er, in ~ood faith, deens itself insecure,
Seller may, with or wi?t~out notice, declara the er;ire ur!paid poriion of the contract imme~iately due and payable, and m~y proceed ;o coilect same bg legal process.
Furher, in the eyen; af such defaul2, Buycr asr_e~ tha: S:!Ier m~y reta'<e poss~s.,ion of said property w~~zrever it may be ~ou~~, sviih or without lega! praess, in which
eE~ent Buyer shall have no further in,erest t~zr:n, and Selier may retain a;I payments made as tompensation for use of the saii property while in Buyer's possession.
6. Buyer agrees to keep ~aid propertv insured aga~:nst !;ss or da~age by fire, wind. theft and accider.t in an i~surance compa~y or cornpanies satisfactory to the Seller,
in an amount not less than the unpaid p~rt:on of tha purchas~ or+ce, such insurance to bz payable to the Seller or assignee, as its (his' ~nterest may appear. If the Buyer
fails at any time to provide and maintain such insurance, Selier may have the preperty insured and Buyer agrees to pay the premium for such insurance upon demand, and
the paymeat ot said premium shall be secured b~ aod under this contract.
7. Buyer admits natice of the irtended sale and a~sign;nent of ih?s contract and agrees t`a; no wai:er or modification sha11 6e valid or binding upon any assignee
hereof unless evideneed by its wri!ten cooscn~, an~ t~~! a~y as;iknee shall be entitled to all of the Seller's rghis hcrein. Bayer agrees r.ot to assert against the assignee
any detense, oHset or countercia~~ w';ich he na~ ~~are aga'-st the Sel!er. If it should appear that'any oi the pro~isions oE this contraci are in conflict with any statufe
or rule of law of any state wherein it may oe soug~ii :o be enfcrced, then such Qrovisiop sha;l be deemed inoperative a~d null and void to the extent of such conflict,
6ut without invalidating the remaining pro~~isions here~~.
8. Buyer agrees that the property described hers;n w:ll rema~n personal.propertt even thoagh such property is attachzd or affixed to realty.
9. This contract integrates and supercedes all p;io; agreement~, whether written or oiherwise, between Selier and Buyer, with re`erence to this transaction; and
rep~esents the final agreement ~etween the p~rties.
Indemnity Agreement In co~si:feraTion o~ the -u`. on c: :he forego;ag contract the undersigned hereby agrees to indamniFj Seller (a~d any assignee of Seller) against
any loss sustainad on ~a~d centract, an.: ,o fo~~n•.v:;,~ up~;~ de~nand reimhursz Seller (or ass~gnee) the amount oi such ~oss. L~ss is hereby Cefned to include any unpaid
balanc? on the contr3ct not col~ec:e~! Gy Sel~:r (o; is 2ssignze) together w~th ai! cosis a^d expenses incuned in the repossession, transportati0n, storing and selling of
the property de;cribed in the contra~; i~ there is a reposses~ion thereot. .
Seller (and assignee) shall nara s~~ie ~j;scre;ion as to the manner of enforcing rights under the said cantract, and no act of Seller•(at`~ssiBii~e). sha~l diminish the
undersigned's liability hereunder. ,
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SELLER'S ASSIGNMENT . ~
For va{uabl~ considetstion, ths recaip2 r.hcreot is hc;e.y a:k:.owledgad, t`e Seller Feret> ~^_;Is, assig~u, irar.ster>, and seiz over to ItiDUST~IAL CREDIT Cj3MP~~.~~~~a~iM•~~ abore tontract,
ard all riQh:s, title and interesf ir a::~!'.o .he prop:rt•,• :;'~aie~r de,cri~=~. and all righis and rzmedie=_ urder said tOMtact, without recodrse es to Buytt6 06ti~t~yrt.o~~,p~~t; hereby aranting full
power ro thm assignee either in asslsnee's nama, or ir, Se:~er's r~am= to take all scch tegal or other praeedir.zs as SeI!!r might have takea save fcr this essiQnmerR: ~vklduG ths ~sai~neo to Durchese
tha aGove controct. :Y,e Szller Narrar,ts t~at !i,e instrument is ~.E!IJIfE acd in alt re5pects what it Durport; to be; that tne cssh vayment shown has been rscaived ~hd/or thst tA~ ~Ifowsnu ~i»n tor the
trade-in is the amount stated: t`a' t~~e prcre~i~ so:d i; as rap: ti z euyer aad is fruly a°,d a:cura:e{y desc~:beJ nnd th~ emoant r,~ring ,hereon is corractlr statid; thst sll sfatem~nts oi tact
therein contained are tr;c; thet at ^ ti~ia ot tr,z ex.coJo- of tke agreemant, tha Selkr h~d YooG !it!e ro the O~oV~rtY described an0 eood right to transfer titie thento, ~pass to dofend eaid title
and a~rees that said D'opnrty s6all te fen~r,it:~ rtvi;tered i, e- of tk? 8~yer. 7ho 5el(er fo:thxr warrant5 tfist there are no liens againsi tfie propeRy ar.d that sam~ haf bMn delirered into
the possession of said Bu7e:; that aIl parties to th^ for^go~cg i-s!rumer.t are ot legal age and hav~ capaci:y to contract, :i~t the Seliar has no knowledge of any fae~ whkh impflr tAa vdid:ty or
value o! s~id ins!rum:nt, ar.d that said :-t:r~mevt com~iie; ni?;~ a;;7ica'.~F: 1ar:s. 1^ ihe event ary af the warraeties ur agreament, in thi; a,signment are u~tr~e or an not perform~d, Sellar agrces
to repurchtse this contract, or, if t`e D~~?'r;~ c{escribe~ t;~arein t~?> be?:~ repossessed. Sel:er aEraes to rep~rchase safd property and to D3Y for eithet the controct or the Droperty, is the use may be.
tfia tetal amount of all tFie irsta~!~~en~s u~ paid at !h? G~~; cf re; _rchzs'. !f Seller ex=cutes a:~~ guaranry or u~dertaking a> indicated below. !he words "'without rewurse as to [iuyer's o4liga,i~r of
payment" are deemed deleted and Seiler ;grew that assiicec tray eltend or modify terms of paymer,t by agraem,nt with the Bayer without affectirg Sellar's oDliQations under such Quaranty or
ur,derUking. ~
(See ather side for 5etlet's signature to assignmeai) .
!Lt parts of the fora`oirg assi~nment. Seller's o0figatians are g~verned by the paragra,~h ~et forth op7~si[z :eller'; ~ig-ature be1cN. Tl;e words'"Mithout recours~ a: to Buyer's obliQation o: pa7lment"
snall then be deemed defatcd frum said assigrment.
REPURCHASE A6REEMENT R~E~ _
To AssiQnes: Setler
If yoc reposs~ss the proper!y, we will upon yo~r deraod pay >oo :`e tten unpaid balance. Drovid>d 1~
tha property ia offersd to us within ninety (9u) dars after a~aturiry of tha earliest installment stil! 8y~
who[ly in def~ult. R~'!!)
l~MITED REPURCHASE AGREEMENT ' ~
Io Itssi~nao: ~~5 MAY 2 0 PM ~ e U U
It you ropos3est the Droperty. :ve aill upo-, Yeur demard GaY Yoa the theo unpaid balsr.ce, Droric~ed -
ffie Dropa!ty is otlered to us ~r~thm ninety (90) days aiter matun.y of tho serfiest insallment stili Sellar
whotb m d~fault.
Our tiaGiirj to n,~urcfiase hemunder sha?t cortinuo o,ty untii the firsL_- ~ ~-~-~j MS, E ~.,E RK ~
irshilm~nb shsN haw besri Wid to rou by the E3~yer. ea.h wi!hir, thirt/ (30} days ef its res~octire Br ~--~-~~--E
maturity ~nd thsreafter the r,signmer,t shal! tre deemed to be ai:hc~~t recourse, in accardence witn 5T. LI t`+4~ O~~ Cfitle)
Nld aaljnwNnt. ~ p~
- ~~'U N
WITH RECOUfKE FGREEMENT ,
Selier
To ,IVsI`tre+:
YY~ QwranM p~yment of ths unpaid Ealacce or the said con!roct as a^d when the ss wM b:• By-,.¢-~-`~ -t - -
taen~ dw, Mrob~r wairina notics of accsptance hereo}. t~, (Title)
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