HomeMy WebLinkAbout0149 PURCHASE AGREEAAENT (CoMinu~dl R _ Z
It is undentood ond sgroed tb~t this controct sed Sell~r's iaN~t Mnie will b~ otftred to Coeee+ertisl Credif Eauipme»t Corp. fw
discount. AI! pay~ents by tfie buyrr are to be made to ttK office of Comn~~eial. ~it E~ui~wMt Corp.
Bwrer agrees sM r~~sents thst bure~ ~rNl ~ot u~eR s~ryr ttsi~a or ~h~ ~rWd bari? n~iyht I~~~re a9ainst seller in •ny sction by
or a9a~est Comme?eisl°C~r~dit Equipn~en; Corp. to obtain or retsie possetsioe of tAe prope~ty or for sey unpsid bslance Atrtund~r, or
otberwise.
tuyer ayraa: that title to ssid propertp shall nof pass Po buper until s11 w~ dl~e ~~dK ttiia . tsact ~ fM(fy p~id in casA; thst
no traesfer, rentwal, eztension, or assiyement of tMis coatrxt a sar i~terelR M?enoMdK, or lets, ~t, lejury o~ destruction of ssid
proptrty shall rclesse buyer from his obliyation hereueder; to keap said p?o~ertr frp, of a{~ t~xa, lie~ sed tnc~mbrsMCa~; not to coscs~l
fMe propertp or remove it fram tM stste or nsMSfer sny i~ehnst tlutreia withorirwtilha ~liF 1~j io~r Aerso{; to p~, e~~~ae~
char4es on psyments and oll recordieg, filinq snd satisbtfien fNS ir eON~etio~ IwhwiN; in Nt we~t of dttinqwnty to p~y s r~aweable
colfectiee or deliequency fee to reimbur~e ti~~ .}~iMr ea~ tA~r; y. ~ to co??ect Pat~~t ~non
in tAis contrxt; that ulle~'s assignee shall be entitled to all ' h of klitr.
Time it of the euence oF this tontrxt. lf burit,:'~fiM!! i~ .~~11' ~riN a~ of Ha ~errns~ a conditians her~of, or selkr
detms himulf insecore or the property in dsny~r of misuse or coafpcahen (of wbicl~ tM seHet slqtl 6~ He foie j~d't), or if • prot~edie
ia bankruptq, receivenaip or insolrency or fa canposition or extaesion of daah or ofMer ob1' !
gifio~s be iestiPuted bp or ayaiint b~ryrtr
a tbe aid VroVertp, the fuH smoY~f tl~en uep~id 6eraw~der shai~ b~co~r ia~n~ediafel~ dN aud oaqabM wiNo~t rotiee, aiud salN~ a I~n
•uiqnse or its ~e+~t a a~r stie~iff a oMrt~ offic~r af tMr bw ~asr ~iN?e?: 1. evil~et tlue ~e b~ wit or etM~riir a 2. r~tsk~ ~isn
of said ProP~*h, witl~ or witboYt poceu ef liw, s~~ fa tlu: pYryo~e msq s~br s~Y irowi~s wlNn ~aid properfy auy b~ fawrd an~ ?~ow
ssn~e, a~d sell said properry e;ther at public o. privste ssle, witYout notice to duyer wit6 or wiHaut 6atieq said aropertr ~t the pl~ce ef s~1e, ~t
w6icw sale ssiler eha~ bid, snd apptr tAe proceeds oi ssid sale, sfter ferst dsducting ~II rea~oeable sxpsntes aed cha~ of o6hiainy
possessioa of said proper4r and of said rale, includinp nawn~ble ~ttorney s fees, to the sinount dNpsid ~ereunder, snd sny wrPl~s slull be
psid to, and sny deficiencr shstl be psid by the burer, includieg ony nawatbk sttor»e~t fees snA caert tosfs incur?ed in Mt reeovery ef
sutb ~deFicieetq.
Upon reposaession ~!1 payments shall be re~ai~ed br ~w• seller as compansation fo~ use, dsinsqe sed deprecistion of ssid propKty
and not is i pC~filty. ACCEpt~IK~ of any .psr~nsnts aftar n~sturery, w atteptance of s psrtial parment, w wsiwr or eo~doaation of sny
oti~er brexh or dehult, swall not eonstitute s w~irer of any other or subsequent brsscl~ or def~nk or prerent ~e(br a its assi~ns fro~ ~
in~n~~diatet~ purwiny anr or all of iR~ re~Mdies. S~tl~? :6alt hare the riqht to enforce ax or awh ro~usdiet I~erw~dtr wcc~aivtly ov
coeturrsntly, snd such ictan swa91 wef ~stof or y?eMewt s~11a fra~ w?wi~~ ~ny fwtl~ r~w~dr wi~icA IN msy is~ Mrrrrd~r. All notica
requirtd to be giree buyer shsll bt Pn?pe~ly yiven if ~nsiled to buyer's sddress shown on the fxe Asreof. '
'Fl~is sqreement coestitwtu tl~t~ ~tiro coetrxt betwan the partirs, and sl~sl! be bindi~q ~poM sn~ i~rre ta ll~e btaefit oi li~e parties
~ aad their rezpectivc heirs, e:ecrta~, ad~ninistr~tors, succeawrs and raiyns. No wsrnMies, eapress or i~aplisd, sa~ ~ e~x~eseehtioes, promises
o~ atatemenh hsve been msde br ~elkr unku endorsed i~enoa in v??iting. Any pro~ision of this coRtrxt araln~i~` Iq Osw of ser state
shsll, as to ssid stste, be ineffettire to tbe exte~t of such prohibition, without inv~lid~ting the ransininq pro~risio~~ o~f tbe c~ntrxt.
SPECIAI ASSlGNMENT "NON-idECOURSE"
+ Fw ralue roceived, we herebr sell, usige snd tnnsfer to Comercisi Credit Equipment Co~p., herein cslkd "CCEC", its suctessors snd
assigns, fAe witAin tantnct, ~nd ~II of ow riyl~~, title snd intefcst therein anA ta the prope~tp tberein described, aed sll ?iykb snd rtmsdie:
therato, includinq the righf to collect all instslmcnts due tl~ereon, and the regbt to sitl?er in our or CCEC: ns~ns to tska sll wch proceedin~s,
leqal or ottierwise ~s we might hare t~kee, sare for this assignmrnt. This ~ssignment is m~de pu?suant ta the terms oF sqrermenh between
CCfC snd ys •nd is subject to our uedertakinys to CCEC centained therein.
o~rea:_ x
(DEALER'S CORPORATE, fIRM OR TRADE NAME)
8Y
(OfFICIAI TITIE)
REGULAR AS5IGNMENT
for rtlYS _reseivcd, we 6erebr ull, aui~e snd tnntfsr to Commnurcisl Cndit Equipa~ent Corp., herein ulled "CCEC", its successors
and aisi~ns, the within contrsct, and sfl of our riyht, title and interest in ~nd to the property therein described, ~nd atl riybh ~nd
?emeEies thereto, intludiny tba right to coltect all instal~nenri due tl~sroon snd the rigMt eit6er in our oe CCEG's name, to take aU wth
i protesdinys, Isqal or otberwix, as rre ~m'sqht I~sve t~ken, ssre for this assiynment. Ws wsrront th~t tke cantrset is g~nuin~, ~e~farcrsbl~,
g snd the only contract e:ecuted fo~ the property described therein; tbat a!I ststen~ents tkereiA contained sre twe, apA Mat tA~ pro~m wss
deli~ered to and xcepted by luyer. IA erent af breuk of ~nr of tbsse warranties, we will yorshsse said coptrsct from CCEC inm~ed'ut~y
upon demand, and will par CCEC therefor sn amount equal to tfie unpaid balsnce oMMq tl~ercon, plus snr co:ts or expen~s i~cnr.ed by
CCfC in connection tberewith.
If CCEG should repoueu or come into the posseuion of ~ny prope?ty described in ssid contrxt, we will purchsse sucl~ propertr in~-
medistelr upon demand i~ its t6en condition ~nd Ixation, ~nd wit! pay CCEC tbersfor tbe unpa+d b~lance 4Mt119 611 said u~trxt, o~ tbst
portion of tke unpsid balance owiny on said tontrxt ipplitsble fo smh propertr, p~s any costs or eziyenses, includi~q sttornar s fee~, incuned
by CCEC in tonflection therewit6. If we fail or refuse fo purcb~s~e ssid prope?tr, then CCEC m~r ssll tbe same at public or pri~~ts ss(e,
witt~ o~ without notice ~o us, and we will par CCEC tbe d'+fttrcnce behreeM Nra net amount reslized fran such ssle and tbe purch~st Q~ice
provided for ~bore. We ~groa ti~at CCEC may audit our books ~eA reco~ds retsting ro conhxts sold to CCEC ~nd that CCEC msy, wit6iwt
notice to us ~nd without reko:ing ou? lisbility he~eunder, q~ant extensian of time of psyment of said contnct and ralass an~ riqMtt
fherevnler, ~nd we waise pretenhnent and demsnd for paYment, protest or notice of protest. We sbsll hsve no satl~ority without CCEC's
prior written consent to pctept celleCtio~s, repols~rss or tonsent ro ihe return of said propertp, or modifp the term• of tsid contntt.
D~fFO: Septe:nber 1~ 1965 X Ch~n:bley TraCtor Sales
(DEAIER'S CORPORATE, FIRM OR TRADE NAhlE?
° 127_ 14~-• ~ '
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dQQ~ '1 ~ ' Al TITLE)
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