HomeMy WebLinkAbout1612 (As~ditional terms and condifions of contract)
Suyer warronts end egrees: Except for seller's reservetion c~f ou! not~ce or legal process Qnter any premises where equipment
title, the equipment is free from and w~ll be kept free from any , may be and take possess~on of ~t and retain ell pri:,r payme ts as
lien, security interest or encumL~rance; thet buyer will not dispos~ ~ i~ rt~al.com nsation for ~ts use, and equipment may be sol~ vv+th
of any of the equipment or any interest therein or remove any o~ without ~'rice at pr~vate sale or afi public sale, w~th or without
thereof from the aforesaid locat~an without the priar written con- ha~;ng equ~pment at the sale, at which seltar may, purc}~a.e, end
sent of seiler; to defend et buyer's own cost any action, proceed- th~ proceeds thereof, less expenses of rett~kingo rYpairirg, ho!~
ing or cla~m affecting fihe equipment; to pey reasonable attarneys' ~ng, resell;nq ard reasonable attorneys' fees_ I S fo of tha unpaid
fees and other ,expenses ancurred by the seller in enforcing its balance, ~f not proh~b~ted by lew), cred~te~ upon the amounfi
rights after buyer's default; to pay promptly all taxes, assessments, unpa~d ~nd buyer will pay the balance for'rhwifh as liquidoted
license fees and other public or private charges when lev~ed or damages for the breach of this contr~ct; prcvided, however, thet
assessed against tb~e equipmenP ot this contract, or any accom- ~jny surpius is to be paid to buyer.
pany~ng note. Waiver of any default sHa!1 not be e waiver of eny other
All r~sk of loss of, damaqe to or destruction of the equipment ~efault; all seller's rights are cumulative ~nd not alternative. Tha
shall at ~il time~ be on buyer. Buyer w~l! procure forthw;th and term "seller" shall include any assignee who is the holder uf this
maintain fire insurance ~-;aith extended or torr,bined additional contract. After assignment of this contract: seller shall not be the ,
coveragE on the equipment for the full insurab!e va~ue thereof assignee's agent for any purpose; buyer will settle all c~aims,
for the I~fe of this cortract plus such other ~nsurance as seller may defenses, set-offs and counterclaims it may have against the seller
specify, and promptly deliver each policy fio seller with a standarcl d;rectly with seller, and not set up any th~reof against seller's
long form endorsement attached showing loss payable to seiler or ass~qnee, seller hereby agraeing to remain responsible thereFor;
assigns as respective interests may appear. Seller's acceptance of no wa~ver or change in tF:is contract, or in any related note shall
policies in lesser amounts or risks shall not be a waiver of buyer's b;nd said assignee unless in writi~g signed by ane of its officers. '
faregoing obligation, Upon full payment of a!I o6liqations secured by this contract, the
Time is the essence; if any of buyer's obligation be not paid assigree may dei~ver al~ criginal papers to se{ler for buyer. Buyer
promotiy when due or if buyer breaches any provision hereof, waives all exemptions and homestead laws and acknowledgas
b~yer shal! be in default hereunder and ail, unpaid instalments receipt of a true copy of this contract. Any provis~ons hereof
shall at seller's option become immediately due and payable. contrary to, prohibited by or invalid under appli~able laws or
Upcsn buyer's default buyer agrees to return equipmen± tc: seller reguiations shall be inapplicable and deemed omitted herefrom,
on demand, and, to the extent permitted by law, seller may with- but shall nofi invalidate the remaining orovisions hereof.
GUARANTY
In co^s~deretion of the $eller orterinq ~nte the fo~ego~r,g candifional sale ccntroc! (°contract"), ea~h of us, as e primary obligor, jointly, severelly erd
,:rcond~t~onally quarantee> ro such Sei!er and eny ass;qnce of Selier (hareinefter ca~Ied "holder") the payment promptly vrhee due of every instelment thereof,
~rrespective of eny ir~~al;d~ty or unenforceaoili+y thereof or !he security therefor er.d tne peyme~! en demand ef the entire unpeid balance if buyer defau!ts in any
payment of any instalment et its due date or in eny othcr manner, without t`+rt requiriny holder to proceed against buyer or to liquidate ery sswrity, end
egrees to be bound by and on demend to pay any deficiency astablished by e saie o( the conr-ecr and/or :ecurity heJd,-with or without not~ce +o ~s, and to pay
all eitorneys' fees and other e+epenses incurred by hoi~er by reasen of eny deta:~lt by ouyer. E~=n ef us wa~ves not~ce ef occaptance hereof and of any deTau!ts
and censen!s that holder may, withou' a~~ct~ng o.;r I:~b~l !y, compromise or release, o~ !erms set:sfa::tory to or by operot~on of law or otherwise, any rights
ageinsi end grar.t eztens~ons of t~me oi paymen~, w:t~c_! i~rn;t as to the r.ur-~oer ef w~!~ extens'ons. or tne per~od cr periods thereof, to buyer and other obligors
or guerentors or of any otcer party at any t~me directly or ccr.T;ngantly i~aole 4er the payment of buyer's ob':qa!ions undor the controct, end consent to the
transfer cf any security +nerefer. Tlus guaronty shall not be discharqed or oirected by death of ony ef the unders~qned and shall bind our respective heirs,
adm~nistra'tors, representa!~ves, s~.:cceszor; and ass;gns. Each of us represe.^.'~ tha~ tn:; g;arac+y hes been executed pr~cr tc thn acceptance of the centract by
Se!ler and ihot th~s guaron+y is executed to induce So!!e~ to accept the same.
Witness our hands and seals this._._ ti.~~_._day of. ...~~~G~~. .~P'~ ~G , 19
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GUANANTY - INDIVTDUAL '
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h FOR ~USE !N STATES NAT PRESCRIBING CONTEN75 OF 1NdU5TRiAl. CONDITIONAL SALE CONTR,ACTS~
~ (Do not as~ this form in enr tr~nsaction covsrinq mator r~iclt~ in s sfafi~ pr~scribing a:p~ci~l caatrscf form th~r~for.)
€ For use in: Als., Ariz., D~I. ~f~r seles fer commerc~ei o~ businass use only~, FIa. ~for seles for business or industr~el use only~, lowa. Mine., Mias., Nw., (for salez
for commerc~al or businesz usa only), N. C., S. G., 5. D. (axcept far "motor vehide"il~t~~~~ Ut~h (ex~u~{~I~+ere cash priee it =7,504 or less), Y4. (far
sales for commercial or businass use, but do ~ot use Fvr "motor vehicla" frensacfio 3UFJ '
~ ' ~FF'iC1AL REC~RD ~ ~ PA~E