HomeMy WebLinkAbout1600 s~*-a~ ~'j~~--1a'=' ~ R~'~ ADOfiIONAI TERNS AND (ONOITIONS
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shall Mve tM right to declare oU amount; dw or to become dw Mre•
11. ASSIGNMENT urrler to M iarmediotely dw and payable and Seller shall have. aY the
The original Seller may assr~a this contract aad his assignee she" - dies ~ e Secured Parry under rite Uniform Commercial
acquire oR of las interest in Mis contract coil tM Property aad s6t ~ ~ •he right to repossess the Property whererer tla same
M entitlsd to oY the ritgghts and privileges of SeYer heuunder. Aftr . -Q~'`, ~ .itlt free right of entry, aril to ncoaditioa coil uY the
layer rKNVes IlOiice of any such ~rg~emeM, layer shell make r ; ~ • a x prkate sale. Ypoa nQwst layer shed deliver the
oyymmeMs henuader directly to tM holder Mreof aad tke origiw ° , o x of o place desfgaoted by feller. Seller shelf have
~eNer shoR not be tM agent of tM holder for transmission of pe, oia aN paymenh made prior to repossession and Itryer -
mems aotherwise. layer shoR not trortsfer or otherwise d'apose~ • * ills for any deficienry. Aar pttrsonolry is or attK
arty interest IR this contrail or the Property. , ~ wMn repossessed may N held by SeNer witbort
18. USE OF PROPERTY - NO WARRANTIES ~ _ ~ der shall be deemed to have wowed gay claim tMreb
B K shah keep the Property free from ~ encemkancK, end ~ • ,s ` _ lemaady~ certNied moil is mode upon Seller witWa
~P,~ ~ ~ nrpesses$on. I K agrees to goy reasonable ettot
omoum that may be paid by SeYer is release or discharge tMrwf sly ifF
be d by layer to Seller forthwith upon dem~tNte h iattrest of t~ ~ S permitted by ew) and otherp e~ i h~irieadehi
h' hest fawfel contract rate. /fryer shoN rat use operry iNe9a4 • ~ o•,. ~ •ctip collection, npossessio
ire ape • or for lays aad shall not retaeve tM Property from the tour `y _ •s Mnuader ore in addition to a given by law aad
pr ~~yy r ,td successively or coacurreatfy. honer by Seller of
of his restdeace without the written permission of Seller No represer tl tat a deemed a waiter of gay other defauh.
otioa, premise or wwra,~t~, ex ass or intpli ,box been era..
with r t to the merdton~ili , saitabi~ or fitness t r -
~~arrppaess~ei
iha Preperitl er ethecw~se drrless~ scone is c ` -
dorseehereon in writing or is tadained in a separate wrist -P • ttewal, exteasioa or ossigomeat of tbk contract or airy
instruwent ~ bt? the ori~nol Ssller. er wtN setNe dire. - ; a = ider and no loss tlaroage or destruction of or to the
withblM original Seller all claims coacernirg tM Property or ih use o~, • release fiy?er brow kits oaigations hereunder. TNs
°ti `v •ates skis eahre ag~eeweat behreen the des and w
opsrotion. ~ reef shag ba valid is any event, aad Wl?er ucprsssh?
19. OEFAUIT ?sis~ t•w r.gbt to rely thereon, unless grade in writing ~tract by
Time is of the essence of this contract. In the event er~defoubs _ t - visioa of ibis contrail prohibited n~rriat ia+r~ild~i-
. _ ~e to the extent of ~m! 1.roindiNo ino
in nny payment, or farts to comply with o of tM prov ns hersof _ ut
or a proceeding in bankruptry, rKeivetsh~p or imolveary shill be ~ ~ provision of this co This contrail shall Ise
instituted by or against Buyer or his property, or Seller teems th? - o;+ a - = ~ lots of the state to whkb the ori~aal SeYer h .
Pr rn .danger of misuse or coaftscotaa, of Se11er otMrwis• • °o ~ ° oa the face of this contract.
r no ly deems the indebtedness or the Property irrsKUre, SeUe ti% -
•
i tied uararrtors,'oin and severoYp~~ a~ unconditional payment, p
~ormancs a~~..
for Value Received each of the unders Q g 1 - - a of sold obligations thereunder. goy upon . C
charge of all Buyerfs obligations under the within control a covertont. ' • - ~uM then due or if prohibited, the amount permitted by
the full amount remoming un id thereunder with a reasonable ~ .
Pa ~ dy : ~ ~ ateceion; renewal or other clto in the time of payment
lawl if pMced with an attorney for cdlectian. liabil' of undersiAnst- _ _ - _ p ~ 1'wbk for the
of the said contrail, a any change m the ntpnter, place or terms of payr ~ `.lerrtent or compromise of or any party
payment thereof, or the release or non-perfeilfon of arty seaKity~
euTM~ o . n~aoMtaa sfwl~
tt~ ~ must its recourse
• of tJ _ _ fleretMder. C-Oth OF
agoir?st Buyer or any other person a an~? securih? the kidder nnwtayy try >t and and notites of narpayment and
the undersigned guarantors hereby wanes notice of th4 oooeptartoe of tl? ` ~ oblM~eoth of the undersigned 9uoraa' .
dishonor. acid arty other demands and notices regtrired by law, and woi~ a . ,r„a t0 the eortfrad•
tors hereunder shall be m addition to any other obGgahon that such 9~
- .
Guarantor
s. -
Grrarontor .
- r
~ _ ~ taped "Ford Cred' his, la or their entire '
The Seller named on the fate of this contrail sells, assigns and transfers to F.... ~ ; . _ . _ . • d do every ad and thing neo~? to co11Kt
rigM, title and interest in coil to the within contrast and the Property desa? Ford Cred'd to accept assignment of the contract, the
and d'a~irorge obligations arising out of or incident to sold contract and o•. from the sole of said Proper~?, said ProPe~Y n ~ i
! Seller warrants that: the contrail, and guaranty if arty, are genuine, le~all; tthin Contract was complete ut eH .respects and Seller
! represented to the Buyer named therein who was quoted both a tans Pros • ? ~ ~ city to contract and paid the down payment
mode all disclosures required by low prior to the execution thereof by BtryC . ~ i to ford Credit by the Seller are true to the best of the
stated in the contract with his own funds; all statements made by or on br ~ ~ or of ~ conhaett title to said Property is rested '
~ Sellers knowledge and belief, and the Seller has no knowledge of aat? fat ~y breach of ar~y of~the foregoing warranties, without z
' in the Seller free of all liens coil encumbrances and the Seller has the rigM • - . Tom,, the Seller hereby tees unconditionally to p~r-
regard to the Sellers knowledge or lack of knowledge with respect-ttreret. • • • - - - shall or in defauh. Seller further
chase sold contrail from Ford Credit, upon demand. for the fulr amount ` ~ ~ w~ ronstifule o breath of arq? of the foregoing
makes a claim a oinst fo. t
i agrees that in event Buyer or arty other person g •nless from all toss, cost and expenses artstng there tom.. ;
warranties, Seller shall assume the defense of such claim and shall indem r ~ „t t ~ ~ ~ made in any payment coming
In addition, the Seller guorortfies payment of the full amount remaining uc * 3 ~v~ ~ the ternu of the Ford Motor Credit Comporry
due thereunder to goy the full amormt then unpaid to Ford Credit, upon d _ ~ a extension, renewal or other change in the time _
fs The habdiry o a
k Retail Plan in effeil at the time this assignnrertt accepted. ~Y ~ ~ of sr with any rly
l ply ~ - - -elease, settlement or compromse
of payment of the said contrail, or any change in the monner.~ or tee _ ~ ~ bound to exhaust fts recourse against the -
I'wble for payment thereof or the to ~ mod,
~yof lwv~e
briet}K ~ , ..~-y.. +i' ^ , • • .`.tom the Seller hereurxfer. The Seller wanes notice of
at time
or any other person or any seturiry •d arty other notices ~ by law and waives op
ttaaeceptanos of this asslgrirnertt end notices of rwn-payrrieM and non~p~ ~ ~,`,.c: ~ Ford Crod'd or .upon Gadit's payrtrent of the
Price therefor whichever o~eou ~ beoon+e effectne upon dt ,
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