HomeMy WebLinkAbout1950 PwcE 'twU . ~
$___-____~?.,~Ei._--- --at the time ot tht> t°~~•r«tion ~~i thi. ~i~,~reemenl.
_ _ _ _ _ _ _ _ _ _ _ _ _ at the tim~ uf deli~~er~~ of the equipment.
$_______bOl~..~fl.______in___36__monthly in.t,iilment~ uf ~___._lfi.$~____ _each or in amounts
a, indi~•stecl in ~cheditle vf l~ayments.
TOTAL ~_______b°?tlb______~E~lo~~~, tt~c fii•,t in,talim~i~t ~ein~,ri~a~~ableonthe_______1Sth______day
or'_ _ _ _ _ _ _ _ S~~en~er_ _ _ _ _ _ 1 _65_, and all subsequent installments
on the s<?me cla~• uf each month thereafter untii the entire
-----__S3]C.~h3IIS~'~~''_ot~_~41-~.T'.~ l3--- ~eSO----------) Dollax's
~hall ha~e been full~• paid, said in.t~llments bearin~~ intert~.:t from clate at the rate of six per centum per
annum. Said rleferred•purchase price ~hall ue e~~idenced b;: fl[1 installnient promi~sor~• note executed by
the F3u~~er at the time of the executioi o~bthis agreement, and pa~•able at the times and in the amount
hereinafter set forth, that is to say: ~
la6 January' January ~6'~ J ~'xrm~r5' $---16.$fl-- J~~'
~ February Februar~• q__~'6•~6 Febraar~• ~___lb•$0__ February $__~bl~
Z~.~sa--
:\Iarch ~Iarch .llarch ~__1f~.$fl _ liarch ~.6s~
. • 1~50-80- ~ .
Apr~t 3---------- ~,prtl - apr~l ~___lb,$9 _ April $--~b:~
1~.84-- ~v---1~,$fl _ bSay
~1a~• _ `ta~~ ~v-- \1a~• 1b.80
`I~i:$0~ ~ -
June June June $___1~,~9 _ June $__16.8tJ
.Jul~~ July~ Jul~~ $___~6s~ _ July $__16.$Q _
rlugust ~w------____ August $__=~~80-" pugu~t 16~~__ 1b.~0
, ~:$0-- - Auguat
Sea~tember $__~~Q__ September September ~____16•~ September
t)ctoUer ~__~b~$4__ 4ctober October ~____Z6~~ October
\o~•ember ~v=-~.~?~SQ-- ' ?~iovember~~---~~~80__ I~a~~ember $-__?6.80 _ I~ot~ember
i)ecerr~ber $__~..~?~.~Q_ . December . December ~___Z6~~ _ December
Said note and an~• rene~~~al~ thereof shalt be pa~~abte to the Seller or order and shall be deemed ta be anly
e~•idence of indehtedne~~ to the Setler for said installn:ent~ but not payments thereof.
4. It i~ ti~?derstood and a~reec~ th<~t title t~ the equipmen± a»r( an~• replacements thereof and additions
thereto ~hall remain in the Seller and shall not Pass to the Ru~•er until the entire purchase price has been
fullS~ ~~aid und until a11 the other term~ uf this ag?•eement to be ~~rerinuslt• performed b~• the Buyer have
been full~• ~ei•formed. L'j~on such pa~~ment and T~erform~ince~, the Seller shall, at the~request of the Buyer,
execute and deli~•er t~ the Fu}•e~• an ackno~ti~lerl~,~ment tnat the Yu~-~r has made paym~nt in full of the
purcha~e price ~pecitied hrrein an~l that titlc tn Y,he equipntent ha; passed to the Buyer. The obligation
of the Bu}•er to pa}' all of the installment: of the purchase Price and to comply with all the other terms
of this a~revment to be performecl by the Bu~~er sh~c!] contin~~e attd ~hall to no extent be limited by
reason of an~~ damage, destruction nr loss of eyuipment «•hile in the Buyer's possession.
5. The ~~:~;~er ~hall ~a~' an~• and all tases, le~~ies, license tee~ or assessments made, levied or
a~ses,ed against the equi~,mc~nt b~• an;; legal authorit4• ancl .h~ll ~atisf~- an~• liens that may be impressed
thereon ~o long as ~ny part of ±he purcha~e ~~rice hereunder remains vnpaid, and in the event the Seiter
~~a~•s an~• ~uch items the amount thereoi' shal! t3e added to anti• installment of the purchase price, of
w•hich in all respects it ~hal! be eo»~iderec~ a part.
6. The equipment ~hall be con;ide?•ed a~ person:iit~• xnc! ~hall in nu «~a5~ t~e attached to the realty
or made a part thereof in any manner ~;•hat;oever s~ lnn~,r an~~ part of the purchase price hereunder
remains unpaid.
7. The Bu~-ei• agrees tha~ the Y,u~~er «~iii, at the Yt~~~er'~ c,~~~n cost and expense, fully insure the
e~uipment again;t c3ama~e bti• re~~c~n ~f tit•e in a coml~an~• or cnmr,anies appro~•eci by the Seiler, any loss
arising thereu~iclei• to be Paic1 to the Selle~•, as it~ interf~;t ma~~ ,~~~~~?ar. The Seller, at its option, may
effect ~!ich ii~~ura~ice_ an behalf of the P,i~~•er, ,~nc~ i,r ht~rc~i;~• ,,,_„h~>rize~i to do so, and to charge the Buyer
' ~~ith the co.t thereof, and an~• suci~ cost sha11 hc• ::ci~le,' installment of the purcha~e price, of -
' ~ti•hich in ~il1 respects, it shall be con5icierPr~ a Part.
8. ~ipon thP h~sppenin~Y of 111t' uf~ t}tr. follm:-i~i~.T <~.•ent, 1) default b~' the Suyer in payment of
any ~art of the Purchace price due hereunder; or (2~ and othe~• default by the Buyer in the prompt and
faithful performance of an~• of the terms, condition~ arid obligations of this agreement to be performed
(~y the L'u~~er; or (3) an5~ 3ttempt b~• the Bu~•er to ~ell, let, pled~e, mortgage, remove or otherwise
clispo~e o~ any part or all 01' the e~iiipment or of thE I~u~er's interest therein; or (4) the seizure of the
equipment by or for c~•editors ~f the T;u}•er, ur le~•~~ t~}>on it for debts, taxes or rent ; or (5) the insaIvency
r,f the Bt~yer; or (6} the ma;:in~ of an~• assiKnment h~~ the 8uyer for the benefit of creditors; or (7) the
filing of a~~otuntary or in~•oluntai•~~ petition in bankrt~ptcti• b`• or aRainst the Buyer; or (8) the appoint-
ment of ~inti• receiver b}' an}• State or Federal court of all ~r a~ubstantial part of the Buyer's assets; or
t~) the bre~cli by the B~:ti•er of an~- the provisions of the Rii~•er'~ agreement with the Seller of ~ven
clate here~~~ith f~~r the ;~urcriase r~!' ice cream ices, anci ~ther frozen commodities; then and in gny such
event thF entire unpa~i balanre of the purc~?ase ~ric,~ ,~nd of said note shall at the aption of the Seller
without noti<~<~ uf ~he ixc?•ci~e ther~oT tu :lnycii~c, he~~~~~~.~' imme~iately due and payabl~ and the Seller
(whrther or not it exerci~e~ ,ueh u~~tionl ma~~ with~~~,r »c~tice to or demand on the Buyer (a) take
i~o~:ae~~ion of an~i remm~~~ tno E~q~ijpment «~ith ~~r ~rith~,~~~ le~,r;~l proce~~ wherever it may be and in such
BOOK~JO Z~~
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