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Home My WebLink About0487 I k ~t~~ ~~~r~ ~ d ~ : ~ ~ . ~ CCNDITIONAL SAlES CONTRACT - AIRCItA~'f _ : t. . I ~[L~ ~ Y The undersiQ er ~iereby sa rrnd the undersignad Purchaser~ hereby purch~se__ the foilowing describad ~ircraf~, canplete with standard equipmeet ' and attachments hereiaafter calied rty and scknowled~es delivery thereoi, in good order and condition, and suDject to tfie eonditions, on tM t ba/d~t hereo(~ as heroin~fter set forth: K;ENSE lA~f 1~E11R INANU~ACTURER MO SERW. N0. fM L ; ? NEI~r ~ ~ ~ ~ 7 7 ~ 7,?/ k.~ , us~n ~ , ~ . ~~er rrith tbe f+ailarria~ q?d+raM eWi Instre~ts i~led: : ,Z ~f ~l! • V(! . n_ t~~~' l ~ _ J U '.~'L~,,.v~,~f v!.~ ~ ~ {;~S.bt n~ta~....lt ...................f~ - 1 . S~i~ T~ ~ Shb tt~. Fw ; TaW Pries ~ . Ca~h Parymeat Gj~~ ~ Tnd~ I~ ` ' Bdana~ Dw Pui~hat~r a~sa bo ths tims b~la~ce heroof at NO , a TIOPYIL BANK (PMa) OF S7. PMA al tnshliments of ~ ~ , a~cept Insunnce Ptemium . _ that the tfn~l insWlment shsfi be equ:l to wh~ever amourtt of prinelpal, iMerest or othee Recordin~ Fee . . . . . . . . . . . . . . . . . . . . ~ S t6arrls therf rsmain unpaid, or In aaordance t~ereto~ Nnourtt Fnanced ~ _ ~ r. : ~ , 4~ C. Time Price Qitf . 2 ; X , Time Balance Due ................~~7 ~ In tf~e ave~ tha buyer hereof mcecutes a prornissory note of the same date, same amou~, and s~me repayment schedule ta the Seliar hereof, said promissory note ~ nat in payment hereef, but evidence only of ihs amounts to become due hereu 1. lltle to satd Propert~?, togethet nriti? a!t instruments, eQuipment„ attsch aaessories and parts now or hereafter placed on said Propert~? during the i Ufe of this contr~et. shaU remain in the Seller, or assiQns, until, ~mosnts due hereu aro pa~d in tuil and this wntract fulh ptrformed. 2 Purcigissr wi11 'u Iry keep tfie Propert~l ~~D°~. ~-~%!-L~K ; . y` and wil! noQ tra~fer, mort~aQe. or sell the same, or an~r Put ~ ifiereof, withaut the ~rri cansent of Sellsr, > 3. Purchasar agr'aes: (a) To keep tfie Propertp M Qood repair. (b) To produce the Prope~qr for ~xaminstioa bY 5eller In tt?e aba~rs cou~jr upon demand at a~r : tlme. (c) To pa~r promptir, whan due, sll Lxes and fees on ee fer the usa ci tha ProPe~ ~d all chuges tor repairing, senicing, improving, inw~in~ or storing the same, To keep sa(d ProQertp fultp insured against loss br firo and such other hazards ss tbs hoddar hereoi map diroct„ Including all risks ia flight snd not in flight, snd to tumfah the holder ot this conUact eridance o# aaid inwnnce rrith loss papabla dwas ~ttached in fava of the hdder hereoi, includin~ Breach oi Warranqr ' Endorsement, (e) Not to use or pcrmit said Property to be used for aml unimful purpose. 4. In tl?e everh Purchaser fails to pqr any tmcex~ repai~s. insuronce costs or anr other cherges ss herein provided, 5eller or assigras may elect to p~y the aame, and ~ m~? auch char~es a liens paid 6p Sellsr shall 6e immediately due and payabla bp Purchaaer, and ff rtot immadiabely p~id b9l the Ps~rchaser, ahali besr interest st the bi~t lawful rate and shall become a part of the indebtedness covered b~r this contract. 5. ln case tha Pu~chaser defautts irt any of the paymerrts above specifEd, or fails to canpy with a~r provision oi this contract, ex H Pu.~cdsser becomes Irqd- Yertt or oommits anp act of bankruptc7r, or a ~prxeeding in bankruptcy, receivership ot insotvencp ba ins6ituted against Purchaser, or it the Property ar any part tfiereof should be levied on or aeized br any ~cer or pubiic officiai, or when Selier ~x sssigns should choose to do so, Setser may, at its option, without deman~i or rtotiaa, ~ with or withaut tnking possesslon of the propettr, do any one or more of ifie following: ' (a) Declare tfie entire unpatd purchasa price immediately due snd payable, and take auch proceedings or sction at law or in equity as it deams advisa6la tor tfie callectinn tfiereot aeM foreclosuro of tfiis contract. (b) [kciare this wntract at an end, and ~rith ar without previous demand or nattce, take immediate po~lon at satd Property wherevar found with or without process of Iaw, and remvra tha same, usin~ wch torce as map be necassary in so dang, and fa tfi~t puryose ma~l enter the premises where said prope~ may ba or is supposed to be. sad aN rights af the Pu~chaser there;n shall snd, and all payments msde b~r the Purchsser ahalt be retained b~r tAe Seiler ar ass~gns as liquidated damages tor non-perfwma~ece of this cantract, depreciatior~ and rental of the property, and Setler or assigns may, but need not resell the properry at public or private sale hald at any plarx, witfi or witfiout notice, on such ter???s u Seiler may determine and to asry persor?, including Seiler or assigns, and apply the prxeeds ln payment of expenses of repossesslon, storaga. ropairs and sale, and upon the unpaid bi+lance M the parchase price and intareat, a~d therwTter upa~ anp other indabtednesa due irom Purchaser to Seller or sssj¢ns, ~nd in the erent a deficienc7r remsins, Purzhaser agroes i[o pay the amount of ttre sama upon demand. Purchaser acpresstp wsives any right of seden of ~mr kind rrhatsoever againsi Seller or assigns ~vwing aut of the removat, repossession, retention or sale of said propertp. In case of amr proceedings to enforca this contra~t, the Purchaser a@rees 4o par attorney's feea (c) Avail itselt of any other remedy for the enforcement of Setlers rights under this agreement allow~ br law. 6. As additianal securitr for tfie payments herebp required, Pucehaser assigrts ta Seller all paymmerds under the Inwrance herein p~wided for the ioss of w damage fo the property or of return premiums and purchaser irrevocably auU~arizes Seller to do anything necessary ta carry out this assignment and eHect recavery on any such daim and to endorsa the nsme of Purchaser and collect all checks w other instruments parable to Purchazer that mar ~e issued therefor. tn the event of arry default by Purchaser, Seller mar cancel said insurance snd coilect all unearned premiums. 7. Purchaser acknowledges notice of the intended sala nf this contract to Northwestern National Bank of St. Paul, Minnesata, and ropresents this contract Is valid, and as to said Bank, Purchaser waives all defenses to enforcemertt of the same. Mr assignee of tfiis r.atttact shall succeed to and have aN of Selle~s rights and optians hereunder. No agreement, promise or warronty, verbal or written, expressed ar impGed, and no defect in condition or qualitp of the property shall timit er qualif~t the terms of this contract or De binding on ar afford any defense agalnst arry asstgnee hereof. 8. Time, and each of the temu snd ss~nnditiorts hereof, is expressl~? declared to be ihe essence of thts agree~nent Yhe acceptance of any paqment after the same is due or the failure in any one or more instances to pursue any of the remedies of the Seller herein provided for upon default by ~e Purchaser shall ~ot consti- tute a wa;ver of this or any other provision o~f thts contract and shatl not prevent the Seller fran exercising any of the remedies herein provided on accaunt of any past or future defautts either in the making of payments or ~n the performance of the obligations of thc Purchaser hereunder. 9. This contract shall inuro to tho beneft of and bind the heirs, executors„ administrators, wccessors and assigns of each of the parties hereto. f(WE) kEPRESfH7 THAT iH'c f 6QlIfC COKTRACT WA5 FIILED fl~,BEf~tE 3(i~lE) Si~l'fED R N1D ~UYER AC~OfOW1ED~Ea R~E~PT ~F CAPY HEREOt. Dated l day of C ~t"'~ 19~ ~ SELLE PURCHAS ~ ~ - ~nil Spieler Ha ld 1 Jewell ~ e By ' ~ TiUe Henzy J ele ° ` Addr P1sce af Resldeace: ~r , . t3 ~ . ( ~ SUARAM7Y in conslde~atiar~ of the e~cecution of this contract, the undersigned herebr guarantees the pe~formance 6~r the Buyer of all the hrms snd cenditions of thls contract; the undersigned herebr waives notice of default and ag~ees thaf the holder, withaut affecting liabiiity of i~~te underslgned, may compromise or releass by operation af law ot otherwisa, arry rights ~8ainst Buyer and mar grant extensions of time of payment to 8uyer. ' ` ? ' 6wn~or SE~LER'S G~PY 11 R ~ ' F~ ~ . ~ ~ ~ _ ~ ~ w ----i ~ . -