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ADDITIONAI TERYS AND CONDITIONS -
17. ASSI6NMIENT shall h~v~ tb~ ripbt b ~~clan oil omounts dw or t~ b~can~ dus Gert
The origixel S~Ner nwy ~ss~g~ tlus contract ani his assignee shaN under to 6e immediatehr dw aad payaWe and Stller shaM 6ar~ oM t6~ ~
acquin ~N of kis. i~terest ia this coattod ~ad ths Pro~~t~c ~nd shaN rights and remedits of o Saured Pa~ry nad~r fM Uniform (ommercid ~
be entitla~ to aq tfien~ hts and privileges oi Seller hereunaei. ANer (ade, ieclndins /M tigbt t~ r~posseu tl~~ hsperry rhererer the so~ ~
Buyer receires notice of aar such ussignmem, Buyer shall make oll mar bs fonnd ritl~ ftes npht of en1ry, and t~ recoaditioa a~ s~q tM ~
ayments hereundes directl~ to the holder hereof ond the aiginal ~~e at public o~ private wl~. Upon r uest ~u~nr sholl deliver fhe ~
~elb~~lp`~~fi~jhe ageat of tbe dolder for tronsmissioa of par- Property to Seller at e place designated~? ftller. S~Iler shull have (
me i i~J6~iKe" Biryer shall not transfer or etherwise dispose of the ng6t to retaia oN paymenh mod~ prior b reposstssion and tup~r j
aiiy interest in thn contract or the Property. II remain liable for on~r deiicienry. An~r persoiwlryr in or ottahed ~
18 USE OF PtOPERTY - NO wARRANTIES to the Propertp rben repossessed may 6e beld by SeU~r ~ritbout ~
li "liry ond Bu~rer shall be deemed to have woived an~? claim thereto ~
Buyer sholl keep the Properry free irom all encumbrances, and r~y£~, ~ u u written demand bp certified mail is made epon Seller withia `
amouM Mot map be poi~ bp SeNer ia rclease or dischorge fhereof olli~ w r. 2~ hours afterrepossession. iu~rer agrees to pap reuson~ble attor- ;
be paid bp auyer to Selkr forth~rith upon demund with intarest ot he`= " ne ' fees (1596 '~f permitted bp lor) and other expensss iacurred br ~
highest lawful contrad rde. Burer shall not use the Prop erry illeg ly, a~-' Se r in effecting colieciion, repossessioa o~ resale hereunder. ,
improper or for hue aad sha0 not remove lhe Property from the cou y• o. ~ gSel s remsdies hereunder are in adddion to aa~?~ ~iren bp law and ~
of his r ence without ihe written permission of Seller. No represe - cma be e~orced sutcessively or concurrenlly. Waner by Setler of
ation, presis~ K w.rraa~, exp~ess or implied, 6as been m e " a 3omt efault shaU aot be deemed a waver of aur otbe~ d~fault.
w~th respect to tbe merchantabilitr, suitab'iliry or fitness f r - u ~ j
Purpos~ of tl» ProperfY or otherw~se unl~ss tlw mme is e `20.'6EN l__
dorsed bKeoe ia writing er is coMained in o sepdrate writt ' ~io t nsfer, renewol, axfensioa or assignment of Mis coMrad or aa~? ~
inshumeat s~qned by t6e origiml Seller. Bu~er w~ll setNe direct - inter bsreuader, aad no lou, d-omags or destructioe of w to the ~
with ths oriyiwl Seller dl claims concern~ng the Property or its use 4¢0 , sbo11 rdeas~ iu~rar fron~ his oblisations b~rsuplsr. Tbis ~
operotioa c Mr coastitutes the enhre ogreement tietweea Mepa rties and ao ~
19. DEfAUIT ~+~~odrf otioa hereof shcll be val'd ia aay ereM, and Buyer expreufr 4
Time is of the essence of this conlrect. In the event Bu er defaults ~ ri~t to rst~? tbKeeA, ualass mud~ ia ~rritiag s~g~~sd ~r
X ~S Ilsr. Aap provision of ihis coMract prohibited bp applicable lar
in ony Qoymem, or fails b comply with ony of the provisions hereof, ~~o~~ ~~effechre to the extent of such rohibitioe ritbout imabdo-
nr a pralediag in baakruptcy, roce~rersh~p or i~aolveaq, shall be a ~ P
~nstituted bp or againsl Buyer or lus properry, or Seller deems the o other provision of this contrud. This comrod shall be ~
Pro er m da er of m~suu or co~iscation, or Seller otherwise `g~er b~r the lows of the stote in whkh the original Setler is ~
P "9 lo~ted shown on the face of tNis coatratt.
reawno~Wp deems the indebtedness or the Property insecure, Seller ~s `
; GU RANTY ~ ,
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For Volue Received, each of the ~ndenigned guarootors, joint)y ond severatl , ronties the prompt ond onconditional poyment, performonce and disr i
~ charge of oll Bvyer's obligations under the within aonhod ond covanants that in 1he eve~t of defauh in any of soid obligotio~s Mereunder, to pay upon demond ;
F the full omount remoining unpuid thereunder together with a reasonable attwne~i
s fee (15% of the amamt fhen due, or if p?ohibited, the amo~nt permitted by
f 1a w) ~f placod witF?on p»orney for cdlection. The liability of undersigned shotl not beoffected by any extension, renewol or other change in the time of poymeM s=
~ ~ f tf,e said coofract, or aa~r chonge in the mon~, place or terms of poyment theroof, or the releose, setfkment or compromise of or with any pa?ty (iable fw the
p~ynent thereof, or the relrase or rwr?-perfection of ony security thereunder. The holde? of the within cw~Troct shall not be bound to e:haust its recowse
ogainst Buyer or any other person w an~r securiy the kolder may at any time have befwe being enfitted to'poyment from the undenigned hereunder. Each of
rhe underx{gned guorontors herebr waives notice of tbe acceptance of this guoransy, ond of presentment, demand and protest ond eotices of non-payment and
d~shonor, and any pther demands and notices required by law, ond waives oll setoffs ond countercloims. The obligafioo of each of the undersigned gvaran- ;
~ tors hereunder sholl be in additron to any other obligation that such guorantor may Fwve with respect to the witfiin coMrad. ;
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Guoronto? Address
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G~a ro ntor - Address
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~ . ~ ASSIGNMENT ,
e Seller nomed on the face of this controd sells, assigns and transfen to ford Motw Gedit Company(hereinaher called '
FMCC'~. his, its. or t~?eir e~tire ci9bt, ~
t~tie and interest in and to 1fie within contrad and the Property described therein and outhorizes FMCC t~ do every ad and thing necessary fo tollect and dis- ~
~ ci~arge obliyotioos orisi~ ovt of w incident to soid contrad ond assegnment. In orde? to indvice fMCC ro auept assignmentof the coMrad, the Seller worrants ;
rhe connacr, and guarunty if any, are genvine, legallr valid and enforceaWe and arose from the sak of soid Property; wid Property is os represented
~ +tie Buyer named therein who wos quoted both a time pnce ond a lesser cosh price; the within contrad was complete in a0 respects ond Seller mode all dis- 4
clcwres requKed by low pr'ror to ihe euecution tl~eof by Buyer; the Bvyer is not o minor, has capacity to contrad and paid the down payment stoted in fhe
conrrod w~th his own funds; oll statements mode by a on behvff of the Buyer and furn"~sbed to FMCC by the Seller are true to the best of the Sellu's knowl- 1
~ c_'ge and belief, and the Seller has no knowledge of any fad thot would impo ir the volidiy or vplue of the contrad; titk to soid Properfy is vested in the Sellct
+-ee of oll fiens ond encumbrances ond the Seller has the right 10 ossign soid title. If tfiere fs ony breoch of any of the foregang wonanties, wifhouT regord to ~
rre Selter's knowledg~ or bdc of knvwledge with respect thereto or FMCCs reliance therson the SeIIK henby a9ress unconditionolly to pwchose soid contrad '
f-~-n fMCC, upon demond, for the full artw~rnt then unpo id whether said co~trad shall t~ be, or not be, in defavlt. Seller furti?er ogrees tlwt in event ~
Buyer w onr Wher person makes a cloim ogoinst FMCC alkging foeis whech, if true, would coastitute a breach of a~r of the faegoing worronties, Seller sholl !
a ssume the defeose of soch cloim and sholl indemnify and sove fMCC harmless from oll loss, cost and expenses arisiny therefrom. In oddition, the Seller
guaranties~poyment of the full omount remaininq unpaid under said controd and covenants if default be made in any payment coming due thereender to ~
pc~y the fuN amovnt then onpoid to fMGG, vpon demond, except as otherwise provided b~r the ternn of the FMCC Retoil Plan in etfact ot the fime this ;
~ ess~gnment is ac<epted. The liobilitp of the Seller shaU not be affMed by ony extension, renewal or other change in the.time of poymeM of ths soid co~?-
!~oct, or any thange io fhe monner, place or terms of payment thereof, o? the release, settlement or compromise of or with any party (iable for poymenf
~hereof or.t1N nleosa or noa-p~rfaction of o s~curify thereunder. fMCC shall not be bound to exhavst its recourse against the Bvyer or ony other person
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o~ any secu~it~r FMCC may of anr fime have befQn be'u~g entitled to payment from the Seller hereunder. The Selkr woives notice of the acceptonu of ~
rt,~s assignment ond notices of non-payment ood"non-ptrformonce of the contrad and any other notices requered by lavr ond waives all setoffs aed counte~
~ cla~ms: Tbis ostigomeM shdl becoms eff~ctive upon delivery of the within controct to FMCC or upon FMC~'s poyment of fhe purchose prict 1Fwtsfot
whicheve? first otcv?s. •
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