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i BUYfiR SPECIFICALLY AGREES AS FOLIAWS: ~
~ 1. All amounts due hereunder shall be due and payable ugon delivery of the merchandise to the BUYER. In the ~
~ event the parties hereto agr,ee that the merchandise wil2 be delivered in installments~ the amount due on each
~ installment,,which amount shall be specified in the agreement~ shall be due and payable when ~each installment
~ A£ merchandise is delivered. Merchandise shall be considered delivered to the BUYFl~ vvhea: ~ ~ s
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a. Merchanc~ise is delivered to the iocations specified by the BUYER; or .
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b. l~ierchandise is delivered to the locations specifiecj by the ]3UYER ~and installed ak the Iocation as agreed;
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or .
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c. If, for any reason, the BUYER is unable or unwillinq to receive delivery of the merchandise as specified in
~ paraqraphs (a) or (b) supra, merchandise is delivered to a warehouse or other fac~ity designated by the `
` "BUYER as required by Section 2 hereof.' - ' ' . " ~ ~
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2. If, for any reason, the BUYER is unwillinq or utnable to receive delivery ~of the merchandise at the location
specified when •it was aqreed such merchandise should be delivered, the BUYER hereby agrees to designate
f orthwith a warehousinq facility for delivery thereof: The BUYER further agrees, at its own expense, to store
such rr~erchandise and to insure such merchandise for the full amount of the purchase price aqainst loss of any
nature whatsce~~er until tide to the merchandise is transferred as herein provided. Proof of insurance shall be
r forwarded to the SELLER forthwith. Failure to obtain insurance as required shall be deemed a material breach
~ of this Agreement, If the BUYER fails to present satisfactory proof of insurance, the SELLER shall have ihe
~ right, but not the obligation, to obtain insurancc on the merchandise and to include in the purchase price the [
~ cost thereof. . . ' ~ ' E
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3. In the ovent-the amounts due and payable hereunder are not received within ten (10) days after delivery as that
term is deFined under Section 1, interest at the raie of 1'fs~ per month, which is an ANNUAL PERCENTAGE `
RATE of 189b, shall be chazqed on the outstandinq balance commencinq on the eleventh day. ?
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4'. The TI'TI.E '~o the above desccibed merchandise shall remain in'the SELI.ER untl the whole arnount of the
purchase prioe, installatian and other costs have been paid. -
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a. Should it come necessary for the SELLER to turn over any amount due to an attorney for collection or to
~ collect any amount due through legal action or proceeding, the BUYER agrees to pay reasonable attorneq fees,
~ court ~ costs, interest as stated herein, and other costs of collection or enforcement incuired by the ELLER s
~ and agrees that Palm Beach County, Florida may be the place of the trial. ~ ~
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t =o- .~N _ 70
On all merchandise for direct factory shipment, price quotations and o ~~~~$reva~ling known ~
prices and avaitab~lity, and, therefore, are subject to the manufacturers' acceptance sub9equent to the t~me the
order is submitted to the manufacturer. ~ •
7. All of the terms and conditions of the initial agreement previ~ously entered into by ~nd batween the partiss ar~
1lereby made an iate~ral part of this insaumen~
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