HomeMy WebLinkAbout2204 pAGE TWO
$-__-_68.~.?„~~________at the time of the etic•c<<tiun ei thi, ~~~reeme~it.
$-_--_.Q.~__~___ __at the time uf deli~•ei•y of the ec~uiprp+tl~~~
35
~___1~i.~~~Q______.___ici_~ ___monthl~• ir~stallment, uf ~1_9 ~.~C1______each nr in amounts
as ittcticate~l i~; ,chedt~le uf ~ix~•ments.
TOTAL $__._~~~'~~-----------bt~lo«~, th~> ti?•;t iri:;tallmctii l~ein~,r ~~a~•able on 4he-_------~~-----_day
: c~f-- ------__e~U-ly__------_-_, 1~l_ 6~ and all sUbseqaent installments
on the same da~• uf each mc,nti7 thcc~;after unti! the entire
F4~ ~a_ ~~i'~Y- cl_Q~.lsra_ 6~. ~?f_3~QQ..~ : _ - _ _ _ _ ~ ~ - - - - ~ k~ ~ _ - _ 43~'.~.R - - - - - - - - ) Dollars
sha~l-}tave ~een ful1~~ paid, 5aid in•tallment~ bearing intere:t from clate ~t the rate of si~c per centum per
rinnum. Said'?fe~erred ~purchase price shall i,e t~~idenced b;: an ~inatallrilent prc?missor~~ note execut8d by
the Bu~~er at the time of the etecution af this agreement, and pa~•abte at the time~ and in the amount
hereinafter~ ~et forth, that is to say : 7,966 ~967 1qfi8
]~96 anuary January $^~i~~~ Jan~r
t~rc~= ~--13~~__ Ja~t~ •$__~t~--
~ebruar~~ Februar}• Febru~~r~• ~__7,3~~__ Februar~ $__1~,~__
\farch S__________ ~Iareh 5_____~!~ .llarch ~larch $__~t~__
~prii ~pril 3_----~.12 a~~ri] -~-~3.12 r~pril ~--~.12--
,lia~~ lfa~• ~v-----Y3=1` \Ia~~ ~w__~'_•_~-~-__ :~tay ~--~.12--
June .iune June June $-_u!~_-
.Julti- ~__~~.1,~._ July Jul~• ~__13_•_~__ July
Au~u•t $--13~1~_ August ~------13•12 ~ugu~t $__~.3•72 August
Sei~tember $__~•72_ September x3*_~ September ~__~t~ September
October $__..1,3r12_ October ~_____~3•~' October Qetober
:*vb~ernber $--1~+1Z__- Narember ~=-_--~'O~• •1`'o~•ember $~~~t~__ \o~•ember
•~T)ecember- •December ~_____i3!~ Decem6er ~.:~~t~__ December
~ ~3+12 -
Said note and an~~ rene«•a!~ thereof shal( be payable to the Se11er or order and shall be deemed to be only
e~~ider;ce of indebtedne:~ to the Seller for sai~l installment~ ?.:ut not payments thereof.
4. It i~ tiriciers#ood and a~reeci that titte p~ the ec~t~i~~n~ent anri an}~ re~la~ement~ thereof and additions
theret~ shall remain in the Seller anci shall nat p~ss to the I;u~•er until the entire purchace price has bePn
fully paid ~~ricl ui~til all the other terms of this agreemznt to E~e ~~re~~iou~l~ performed b~• the Buyer have
been ful{~• rei•formed. L'pon sueh I~a~-r~~~>nt ancl I}erf~~crnarie~, the Seller ~hall, at ths request of the Buyer,
execc~te ancl deli~~er to the Bu~•et• an <icknol~•lerl~:ment that the I.u~•er has made payment in full of the
pvrch.ise price ,pecitied herein an~l that title t~ the eq~si~ment iia; pasce~ to the Buyer. The obtigation
of the Eu~~er to pa}' all of the installment: ~.~f the purchase price ~inci to com2~Iy ~~ith ai.l the other terma
of this ~~Kr~ement to be performecl by the Bu~•er shal! cc~ntini~e a»d sha~t to no ex~ent be limited by
reason of an}~ damage, c~estz•uction ar loss of equipment ti~•hile in the Bvyer's possession.
5. The Eu~•ei• .hall pa~~ an~• and aU taxes, le~•i~s, ]icense fee~ or dssessments made, levied or
asses.eci against the equipment b}• an;, legal uuthorit~• an~l ~hall ~at;sf~• ani~ lien~ that ma~• be impressed
therec~n •o long as <u~y p~~rt of the pt~rchnse ~~rice hereunrlei• ?•emains ur;paid, ancl in the event the Seiler
~~ays a»y sueh items the amotir.l ti~ereof shalt be adcl~d tc~ an~• in~:tallment of the purehase priCe, of
w•hich in all respect~ it sha)1 be con~ic3erer~ a part.
6. The equipment ~hall be con~idered rt< per,otz<<it~• an~i ~hall in nu «•ay~ be attached to the realty
or made a part thereof in any mat~ne?• ~ti~hat::o~~•er ~n ]f~n~ a~ an~• Part of the purchase price hereunder
rEmains unpaid.
~ 7. The Bu~-ei• agrees th,xt the E;u~•ei• «~ill, at thr I;u; er'~ u~c~n cnst and expense, fully insure the
~ equipment a~ain,t damage b~• rex:~on ~>f ri~•e ii~ a coml~,in~• or cnmF~ai~ie~ appro~•ed b~~ the Selier, any loss
~irisin~ theretnuier to be pai~l to the Selle,, as it~ inte~~Fr•t ma~• x,~i~ear. The Seller, at its option, may
~ effect ~uch in.~tu~a~lce on beh~lf of thr> P~~~-er, ,+r~cl i~ rt~rc~hi: ;u.,th~?rized to do so, and to charge thE B~~yer
<ti•ith ihe co,t thereof, and an~~ ~tich ~ost shal~ bf~ ~ riricei c~ a~i~~ in~tal~ment of the purchase priCe, af
~ ~Lhich in ~~11 respectti, it shall be consi~lereci a part,
8. Upor~ th~ happenif~r of an~• ~,t' tne fo11n«•in~ e~•ei~t>: ll) default by the Huyer in payment of
~ any part of the purchace ~n•ice due h~reuncaer; or (2~ and other default by the Buyer in the prompt and
faithfu] ~~erf~rmance nf an}~ of the term~, conditien~ ~u~~l obli~,*ations of this agreement t~ be performed
F i~y thc I;u~~er; or (3) anS• attempt b~• the Bu`•er to ,e]!. let, ~~ledge, mortga~e, remove or otherwise
dispose of sn~• part or all 01' the e.qiiipment or o; thc~ I3uyer's interest therein; or (4) the seizure of the
e~uipment b~• or for c~•editors ~~f the Ru~-er, or le~•~• t~~~on it for debts, taxes or rEnt; or (5) the insolvency
of the B~r~~~ ; or (6) thL m~kin;~ of a?~~• assignment h}• the Buyer fnr the benefit of creditors; or (7) the
filing of u~•ott;ntary or inrotuntar~• }~etition in banl:r~~I~tc,r by or a~ainst the Buyer; or {8} .the appnint-
ment of an~• receiver b~• an}• State or Federal court of all or a~cubstantial part of the Buyer's assets; or
(9) the brea~:lt b~• the Ftiye}• of an~• o~ the pro~•isions of the Ru~-er's agreement with the Seller of even
ciate he~•p«~ith foi• the l~tiachase ot ice creamr~ices, an~i nther frazen commodities; then and in any such
e~~~nt the entire unpaid balance of thK pu~c}iase pr.u'~~ :~nei of said note shall at the option of the Seller
withoui notic~~ uP'the ex~rci~e the;evf tu .1nyLnF; Iie~~~ri:c- i't~rtmi~iiiately due and payable and the Seller
(~vhether or no' it exei•ci5er, ~?~h u~~iion) mj~~ ~vith~~n± notic~ ta or demand on the Buyer (a) take
~>o~;ae~~ion of an~i rE~mm~c thc ~~ii~ment «•ith t~r. ~~•ith~,~.,~ ie~~.ii proce~~ wherever it may be and in su~h
~ rP ''I ~to~.
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