HomeMy WebLinkAbout1304 and on the same date of each month thereafter until paid, the finai payment to be the balance then unpaid hereon,
togethEr with interest from mat,urity at the highest lawful rate (not over 11~~o per month) as evidenced by nego-
tiable pronii~ury note. ~
15t1e to said equipment and any replacements and additions shall remain in S•ou and yaur assigns, irrespective
uf any retaking and redelivery to us, until said indebtedness is fully paid in money, tvhen ownership shall pass to us.
Said equipment shall remain chattels and personal property at all times and a ill be installed i~ the iollowing premises:
_602 South Fourth_ Street ~,y 1'ort Pierce ~uatySt.--_Luc~e State~lflrida _
, , .
l,ut shali not become part of the~realty
or freehold. We agree to keep said equipment inswed against loss or damage
!~c fire, wind, theft and accident, in an insurance company or ccmpanies satisfactory to you, in an amount not less
ti~an the unpaid portion of the purehase price, such i.nsurance to be payable to you as your interest may appear, and
:?~e poticies tlierefor to be delivered to and retained by you until the purchase price is paid in full. If we fail at any
t ime to provide said insurance, you may have the equipment insured and the cost of such insurance shall be paid for
~ us. We further agree to pay promptly when due all taxes, assessments, license fees and other public charges levied
,,r assessed and to satisfy all liens against ~aid equipment. If Ke breach any provision of this agreement or remove,
di~pose of or encumber said equipment or attempt sfl to do, the entire unpaid balance of the aforesaid-payments shall
i~ecome immediately due aud payable without notice or demand and we agree to surrender possession of said equip-
me~zt on demand; you and your assigns may without notice or legal prceess enter any premises where said equipment
:.~ati lze and take Fosse~.sion of all or any part thereof, (and at your option abandon or transfer to us anp portion of
ti?e equipment you choose) retaining all payments made as partial compensation for our use of said repossessed
equipment, which may be sold with or ~virhout notire at private sale or at public sale at which sale you or S~our as-
signs may purchase; there shall.be credited upon the amount unpaid the prceeeds of such sale less the expenses of
i etaking, re~sairing, holding ar.d~reselling the equipmer.t and reasonable attorney's fees (20 fo if permitted by law),
and we agree to pay the balance as liquidated damages for the breach of this contract, any surplus, ho«ever, to t~e
i~:iid to us. tVaiver or condonation of any breach or default shall not constitute a aaiver of any other or suUsequent
i,reach or default. We will settle all claims agaiust you, the seller, directly with you, you hereby agreeing to remain
z•esponsible therefor, and «e ~vill not set up any such claim against your assigns.
Any provision of this agreernent prohibited by la~rs of any state shall, as to said state, be ineffective to the ex-
tent of such prohi~ition ~vithont invalidating the remaining provision of this contract.
No oral or implied agreement, guaranty, representation, or ~varranty shall bind you or youi• assigns.
If an installment is not paid within ten days after it is dne we agree to pay a delinquency charge of $5.00 or ~qo
of the installment, whichever is less. -
For the sole purpose of resolving any problem of conflict of laws with respect to #iling or recording hereof, it is
hereby declared and agreed that this instrument shall be deemed to be executed. completed ar,d eff~ti~e for such
purpose when the property is rECeived at the address at which it is to be located, and that questions ~f fiting or re-
cording shall accordingly be determined by the Iaw of such ptace.
\ OTICE TO THE BUYER :
(1) Do not sign this contract hefore you read it or if it rontains any blank spaces.
(2) Yon are en6tled to an eaact copy of the rnntract you sign.
Under the taw you have the right to pay off in advance the full amonnt dne and to obtain a partiat refand
of the f' nce charge.
W 've eaemp and ack owledge receipt of a trqe copy of this agreement
~ ' ~ ~ Forbes ic ~ S~an Laund
! . ~ ~ - (Seal)
«'itness Bp ~ ~ ' ? (Seal` s~i""`
. ~ / ~ rWR~
~Z'itness y~,L~ _ v( _ ~ ~ ~ ~ - ___~0-2 e~L Q /
(Si;mcures o( ~ricnessn) lO~ner, P~rtr.rr or Of(ieet a ~tk)
Accepted:
The Stein ..r-__tlant _ ___rpo~at~,vn,____._._.___
• s,~~
BY - - -
~ ~f s~un
«'itness ~ v'_S- ~ il e~dL,~,!I- -
~~~C~
(Sitmture o( witness) (U?ner, Yu[ner or Otficer and Titk)
(Ple~se sign all copies ia ink.) (Type or print names nnder signatures.)
'~This instrument was prepared by . - . _ . - -
*(Use in Arkansas, Indiana and Ohio)
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