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Home My WebLink About2205 , Vtt1GINAL PAC,* 'fliREE case the Seller may also, ~~ithout not~ce to the Ru~•er, re~rind this x~reement and cancel the in~ta~lment note given pursuant here±o anci, as liqui~iated damage~ for the breuch hereof b,r• the Buyer, retain all E~ay~ments theretofore rect~i~~ed hereunder as a fair rent~il for the u~e of the equipment and, in addition, the Buyer shall pay to the Seller any sums as to n•hich he is in default hereunder at the time possesaion of the equipment is taken b~~ the Seller; or (b) take p~~~e~ion of at~d remo~•e the equi~ment in the manner abo~~e pro~•ided and, unless other«•ise pro~•i~iecl l~~• ~tatute, sell the equipment w•ith or ~~ithout notire at public or private sale, at ~~~hich the Seller ma~' bid and purch=~se, and in such e~~ent the pro- ceecls of such sale, less the expenses of retaking, repairing, holding and selling the equipment, including reasonable sum foi• attorne~•'~ fees, shall be credited Uj)OIl the un~~aid balu~ice of the purchase price ancl the Bu~~er shall forthH-ith I~a~• to the Seller any deticiE:nc~~, :}:z~' ~urpl~!s bein~,* paid b~' the S~?~er to the Buyer; or (c) reco~•er from the Bu~•er, as ~i~reed damages foi• the l,i•~ach hereof, the unpaid balance of ~aid note, or an~~ rene«~al thereof, together ~~~ith interest xt the hi?;hest rate ~iermitted b~~ la~v, and in such e~•ent, if the obligations .~f the Bu~•er hereunder be :~ot b~• statute renc~red void or ~~oidable by reason of such authorization, the Ru~•er hereb~ authorires an~~ attorney at law• to appear for the Buyer in any court and ~r•ai~•e the issue anc~ ser~~ice of process and e~~nfe~:~ and enter a iud~ment (without declaration, w•ith release of errors and ~~•ithout staY of execution) against the Buyer in favor of the Se11er for an amount equivalent to the unpaid grinciPal ai~d accrued interest payable on said note, plus co~t of suit, and the P,uyer agrees that, if aliowed b~ law•, 1Q of such unpaid principat and accrued interest may be added to the amount of such judgment a~ ~ttorne~•'s fees ; or f d) pursue any remedy permitted by IaK• in like e~•ents. lt i~ understood and agreed that the rights or remedies given the 8eller hereunder are cumulati~•e and not alternative; and that the commencement of one remedy or proceeding b~• the ~ellei• hereunder shall not constitute an election so a~ to bar the commencement and enforcement of nn~• other remedy or proceeding hereunder; pro~'ided, ha~~~e~-er, that tapon a recision of this agree- ment by the Seller as hereinabo~•e provided, the Seller :~hail not be entitled to collect the tinpaid balance of ,the. ~urchase -Ilrice ar~d of said note. 9. .The Se~ller sl:all repair ~r ~eplace ar,y ~arts of the eqi~ipment the operation of which is materially im~?aSr~cl-b~• d~fecte in materit~l or workmanship existing at the time of deli~~er~~. No g~ar=intee or war- ranty, erpress or implied, i~ made by the Seller except as statec! in this paragraph. The Bvyer shall take good care of the equipment and, subject to the preceding paragraph, shall ut hi:; o«~n eapense keep it in good order and repair, making the replacement of parts ~•here necessary. Upon the failure of the Buyer to make such repairs and replacement~, the Seller rr~ay cause them to be made and add the cost thereof to any installment of the purc.hase price, of ~~~hich such ~mount shall in all respects be considered a part. 10. This contract, including all the rights an~ pri~•ilege~ of the Sel~er, may be as~igr.ed, xnd!or ~aid note may be negotiated, ~•ithout notice to Buyer, and ~~hen assigned and;'or negotiated, shall be free from any defense, ~et-off, counter-elaims, or cross complairt by the Buyer. 'This cor,tract may not be assigned b~~ the Bu~~er without the consent of the Seller, ar its assigns, in ~;•riting first obtained. It ~hall bind and enure to the ben~fit of the parties hereto an~l their respective heirs, executors, adminis- trators, ~uccessors, and (rubject to the limitations expressed in this paragraph), as~igns of the parties. Iti WTTNESS WHFREOF, the parties ha~•e dul~~ exe thi, ragr the day and year first above w~rittan. ~ ~ ' ~ :~~iy ~ ~ ~Q a~7__----- ~ ~ ~ ~ ~Trade Name r,r Firm Name or Corporate Na~r:c~ «'itne>s ' - _ - - - - - - (L. S.) f ~Fiut'er's Signat~ie` ~;'itne`a _ L~/ rC,~~[(.= ~i - - - - - P,~• . _ (L. S. ) ~:3uy-er's SiFr.at~re• - ! ' ~C.:'~~. 1, ~.~T ~ ' / -----_.._..-ro - ~ttest _ - - - - - - Bti~ _ _ _ (L. S.) . . . N~ ~ ;~E Sauthern Dici~io~; •ti0~: Ie ,,~e the &uye: L a partnership, ench mer.;ber of tl;e firrc. ~t:-~-~.~?ci ~ir;r;. [f cor4~n-a!~en. Pre=.:~trr,t .~:~d SccreL:~r: ~h.niil~! s:wr. :~nd corporate ~ea; atflxed.i ~~j~.-~TF: o~~ ~rnrr+rn~ - 1 ~ ~.~L`,~,~. 0~, ~ ss: 5ELLER'S AC;)+;ti0~1`LEi)t:1iFtiT ~ T. ±h~ ti^,#~r<;rnrd, a:~otar}' Pu}31ic, in find fo: the s~iii COUIli}", rlai heretir ccrtify tFa; the er~~in named a-' of , who i~ personally weii kno~ti•n tu n~e a; p SF:AZ.TE~T F'OODS - S(~L;TFiF,Rti DI~,'ISIO\, in the afore~;oin~; cur;+litionai.contract of ~aie, per~onail~• apPeared before me in said county the said ~r ~ir ~~.~1 an~i ~~N~~ afores~id and b~~ ~-irtue of the authority ce~ted i~ him ackno~.vled~ed the :~ame to be the act of ~aid S~AI.TEST H ~?aT~S",.4tic~"' ~c~'- ~ ~•etler therein. ' ~ ' ~ ~ ~ . - (;iven undct mp hand and seat th. ~ day of Jllri@ . , I~~j~ ;i y . s a . ~ , ~ ~ ~ . . . . (+ea..G"" , ~ ti.. . . , _ ? iNotary Public~ ~ , ~ . rsEnL.: . i O ~ n y /~6J"" •~i 8~~~ ~ ~c4 Mmi~sion Expire~ ~ , _ i~J91068 - . ~