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Home My WebLink About1146 u?w oimcc or ~ ~ ' MO~TQN M. BEIQEL. THIS FORM IS FOR USE IN THE STATES LISTED BELOW M1AM v ~o pA 3313s AI.ABAMA (afte~ 1:/31/66) NEVADA (dter =/28/6f) COLOR~DO (sfter 6/30/66) N~RTA CAROLINA (stta 6/30/61) FLORIDA (aite~ 1!/31/66) TSXAS (Jter 6/30/66) IOWA (atter 7/3/66) ' WASHIIVGTON (atta 6/29/6~) MINNBSOTA (attu 6/30/66) ADDlTIONAL PROVISIONS - 6. BuYer agrces that It wiU at all tima kecp the Goods insured a6ainst loss. dsa~age. t6eft, fire aad other rLsks~ ia such amounts aad compantes and uader wch polecep and ln suth torm, all as shall be sttistactoty to Sdkr~ w6ich policia shall provide that bss thereut~der sbW bcpa yabk to Selkr as its interest may appear (and Sdkr may apply any proces~ls of sucs insurance w6kh may be reaived~ by it towud payment o! Buyer'a tn- debtedness hereunder, iq sucb ordec of applla~t~on as Shcer m~y detumine) and sucb policies or artiftnta st~all, if Sdkr so rcquats. be depositM wiW SeUtr. 7. S~lkr may irom time to tlme, at its option~ perfocm wy agteemeat oi Buyer bereunder wWc6 Buyer s6sll fall to patorm aad take any other action w6ich Selier deems aecessary tor the maintenance or preservstion oi any oE the Goods or its iaterat t6uein. snd Buytr aarees forthwitb to rc- imburse ScUer for al! e~eases of Shcer in connection with the fonsoiog, togctber wiW interat at t6e hig6est 4wto1 ra~te f~om t6e date incurrcd until reimbursed by Buyer. 8. Buyer acknowledges receipt of the Goods in satisfadoty rnndition. aaepts tbe samc, and ackno~vkdges that lbey con[orm to t6e sbove da- cription thereot and to any sampk or model previousty eiamined by Bnya. 4. Buyer waiva, u against any astieeee of Shcer's tatsrpt in and to the Goods and this Aareemeat, all daim~, now or 6ereafter eustina, of ~ Ruyer against 5elkr, sad agrea aot co assert sucL cWzas agaiast such assign~e u a defense. set-ott, rnunterclaim~ or ot6erwise. No chaoge ia thb ~ ~Breement or waiver of Selkr's rights and powers ahaA bind sucb assignee unhss in writing and sigaed by one of its oftiars. Any sucb as~oee shsll ! tx mtitled to all powen and rights of SeUer~ bqt shall not be snbject to ~?ny liibilities of Selk~ under th~s Agceement or wit6 nspeet to the Goods. j and the-tu~"Shc~'~T the_pat~,gCaR6s num~red 1, 3~_4, 6, 10 and 11 herein s6aI1 indude suc~ a~na. 10. Buyer waives all e:emptions, wthorius Selkr to correct aay patent errors a~ fillina in any biankS in t6Ls A6retment and ackoorv-ledse`s----- receipt of a signed, euct rnpy ot this Aareemeat. 11. No de}ay on the part of SeUer in the ezereise of any rig6t or remedy s6a11 operate as a waiver tLereof, and no sing4 or putial erercise by Scller of pay xight or remedy shall predude other or further exercise thereof or t6e e:ercise of any other tig6t or remedy. If more Wan one pacty shall e:ecute and sign this Agrament as Buyer~ all such partia shalt be jomtly and severally obligatod hereunder. The neutu pronoun, w6en used berein~ 56a11 u?tlude tLe tusstulioe wd [rmjn~TM• and also t6e pltual. , 12. TLi~ Ag*rement rnntait~ the tutire agreemtnt belweea $elkr and Buyer, and no oral or implied agreement, repraentation~ pmmise or statement shall be bindit~. 13. ~Vhere~-er possible~ eac6 pmviv~n of tlus Aaceement shaD 6e interpreted in suc6 maaaer u to be eftective and walid under appiiabk taw, ` but if any provision of this Agrament shall be pro6ibited by or invalic! under applicable 1aw~ SUtb piOV15lOA SbaII b! 11flf~CCl1V! l0 Wt tXltll[ OI SUtb ~ prohibition or iavalidity, without invalidating t6e remainder~ of such ptovision or t6e remaining provisioas of this Agreement. SELLER'S ASSIGNMENT ~AY 2 4 ig66 ~ 19 . 1. For value noeived, Seller 6ereby selts. assigas a~ traasfen to Contineatal Illinois National Bank and T~ust Company of Chicago (heneia_ after, together with its successors and acsigns, the "Bank") all rigltt, titk and interat o[ Selier in and to tLe Goods and t6e ~vitLia A~tament, and warrants and agrces thst; thr A~reement is genuine, valid and kgaUy enforaabte agaiast Buyer; Buyer's ezecution of the Agreemeat was auWorued aad larovful; Selkr Las a valid saunty interest in the Agrama~t and the Goods aad good titk to the Goais, and the Goods aod of all liem and daims other thaa the interat of SeDer sssiguai hereunder; the Goods darn'bed in t6e Agreement wae d~1i ~~t are tree Buyer, We Down Payment under tLe Agreemcnt his bem made in full, no of tLe 15me Pria Balana ~~d ~ S P~*~ PaS"1ble tbcteund~er h!s ban paid~ aad any PaYments on such 15me Price Balana which Sdkr may hereafter reoetve from Buyer shall immediately be paid by SeUu to t6e Bank; Sdkr Las not ~ previously assigned We Agreement, and 6as no tnowledge ot any fact that might impair the vaL'dity of tLe Agrameat; Buya natLer Du nor wr~ 6ave any set-off, oounterdaim or defease agaiatt any daim by tLe Bank under the Agramwt; no claim p~ists or w~l ezist against tLe Bank by reason of Seller's fa~7ure to pertorm any act required under t6e A~cemeat or apptipbk taw; Selkr w~1[ take.all adion ceqvired~ or requated by tLe Bank, to perfed the Bank s iaterrst in We Agreemeat and tLe Goods; and tLe Bank shall not be damed by this sssi~nment to 6sve usumed any of Seller's obligations nnder the Agreemen~ Upon breach of aay of the foregoing warranties and sgreemeats, Seller a~ea, npup dcmar~d by tLe ~3ank, forthariW to repurch~se the Agrtement in cash tor the unpaid 1~ne Priae BaLnoe tbea ovring tbenuader, las any tLm unearncd lime Pria Diffa- ential computed upon the basis of tbe 12/78ths meWod. Atter any suc6 repurchase, tLe Bank ahall rnssign the Agramcnt, without recourse. to Seller. Seller agrees to re~mburse the Bank for aIl costs aad e:penses, induding rezson3bk attomeys' fees. if not prohibited by appliabk 1aw~ incarrod yy the Bank in oonnection wiW u?y breach of, or in eaforcins any of Seller's obligatiom under, this a~i~mm~?t. All remedia of tLe Bank shaD be cum- t ulative, not ezdusive, "Sclk as ~sed herein, shall mean the puty ot parties signinE bdow. Facapt u otherwise defined berein, aq terms defined in ~ the Agreement s6all have the same maning 6enein as ia We Agre~ent. Notice of the acaptana of tl?e provisions of th~ default by Buyer, and prosecution of any other remedia ava~abk W tLe Bsnt are heaby wsi~-ed by Selkr, and Sdkr agr~~t the~B~ant~ m~y w~thout notice to Seller aud without aifating $dkr's obligstiom under t6is assignmeat~ rnmpound or rckzse any rights against Buyer~ and ~an~ any e;teasioas (for any period, whet6er or not loager tban the original period) of time of payment to Buyer. 2. MI'aMo.i R.oevrs~-~Seller's assi~nment a6aU, ~ezoept for the above P~P~ P~Pb. be without reoourse of anq 1~ind whatsoevv. ' 3. Wnl. R«~n~--Scller ssrees that in the eveat of default by Buya in the full payment on the due dite Wereof of three ia~talments payabk under the Agceemmt or in the prompt performana ot any ot6rr obligation to be performed under tlre Agrammt by Buyer, eit6er betors or after the a~i~ment thereaf w tbe Bank, Sdkr ~vi0, upon demand, fortbwitL repurchase the Asreement from We Bank for the unpaid T'~me prioe Bayao~ then owing thereunda, kss any unaraed T"lme Priae Diffaantial aomputcd up~a the basis of the 12/~aths method. 4. R.p~.dws~--Sdkr agras tbat ia the evwt of any default by Bnyer that s4all entitk the Bank to repossess th~ Good~, Selkr w~, if tLe Goods are repossessed by the Banl~ and delivered to Seller, and writhout regard to t6e then conditioa of the ment from the Bank for the un G~~S, forWwith repurchase tbe ; paid 15me Pria Balanoe Wm o las any then wxuncd T9me Pria Differential computed upon~the bas':s ot We 12/7&hs method, plus a11 costs sad espenses, inclndu'~ rasonabk attorncys' fas, if not prohibited by applicabk Iaw. incurred by the ' Bank by reason of Buya`s detault or in oonnection w~tn the Ban~'s repos~ioa and delivery of e ~ ~ ~ Selkr a~nes to the prov~sions of the pora~rophs numberod 1 an ~ (2~ 3. or 4.) i { B~ ` - ~ . T • ; ' •~t~ ; " ~ ~ fllEO AND RECORDEOZ 1 ~ , ; ~ ~ , c~- 3 S~~ u,signee, ContinenW Illinois Nstional Bank and Tnut Company lit ~Cago~_ ~ ~i1 Y31 S. LaSaUe Street, Cbieago~ IDinois 60690.. r± ~ ~ t_ ~ 16 ; - T ~ '68 JUN 19 AM 8 : 59 ~ °4~ : - ~ i~ : ~ ROGEFc ~ OITRA ; CLERK CIRCUIT COURT~ f , BOOK1?2 P~E~~.42 ~ - ~ ~ ~ : . , - _ _ f~=..- - - - - - ~ a_ _M1 ~ _ ~ . . _ '