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Home My WebLink About0124 `~~~p ~ m Sn3J~ .~P ~isN~°y • ADDITIONAL 1ERMS AND (ONOI110NS e0 CO 4..r c3 o1-9d~aL c 11. ASSIGNMENT shall have the right to declaro all amounts due or to become dw here• The original SeAer may assi a this contract and his assignee shah order to be immediately dw and payable and SeNer shall have aA the acquire a6 of his interest in ~a contrad sect the Property nail shall rights and remedies of o Secured Parry under tla Uniform (omrwrcid be entitled to aN the rigQhts and privileges of Seller hereunder. After (ode iadtdiag tM right to repossess the Properly wherever the some Buyef recNYeS IlOtlce OT arty such ossi anent, Buyer shill make all may ~e found wttb free right of eptry, and to recondition and se6 tM payments hereunder directly to tla ~er hereof and the origiad sane at sic or Private sole. Upon re wst Btryer.shdl deliver the seller shall not be the agent of tM bolder for transmission of pay Pr~y b StNer of o phxe de~ppn~ted ~r feller. SeNer shah haw ments or otherwise. Buyer sba6 not transfer or otMrwise d8pose of the-rigbt to retain oU poytaen tbode gnat to reposseuioa nail BuyK~ any interest is this contract or tM Preperry. ~ shsN reataW liable for nay de ttry. A peaoaolry is or ettadtetl la. USE OF PROPERTY - NO WARRANTIES to the hopecty when r may be MW by Seller without liobiliry aandd Buyer shall be deemed to have waived any claim thereto Buyer shall keep the Property flee ftom all encumbrances, ores natryy unless written demand certified moil is mode upon Seller within amount that may be aid by Seller in release or discharge thereof shall 24 hours aNer re oa. B H agrees to pay reasonable attor• be paid by Buyer to Seller forthwith upon demotd with interest at the ne fees (1596 ' permitted by lew) and other expenses incurred by highest lawful contrad rate. Buyer sha0 not use the hoperty itlegolly,. Seger la effecting collection, repossession or resole Mreaader. improperly or for hire and shall not remove tM Propertl? from the courtly Seller's remedies hereunder are in odditioa to anir_ Siren by law and of his reessiiddence without the written permission of Seller. fyo reprssertF may ire edorced successively or concurrently.. aver by Seller of anon, promise or warraa~y, ex~~rross or implied, has been mode nay defauN shill not be deemed a waiver of airy other defeuh. with respect to the mercbordabil' , soitobilih? or fitneu for ptrrpou of the Property or etirerw~se urdess the same is en- 20. 6EMERAI ddorsed hereon in writitg or is couleiasd in a separate written No transfer, renewal, extension or assignment of this contrad or arty iashttmed sued by tM origital Seller. Bu~rer will setNe directly interest hereunder and tto foss damage or destruction of or to the with the origi Seller all clowns concerning the Property or ih ass or Prop~r~y, shah re~eose Bolter atom his obligations hereunder. This operation. coairacf coastihrtes the enhrs aa~gr~~eemeM beheea the parties wad as 19. DEFAULT modification hereof shah ire vdid in any weld, wad Buyer expressly Time is of the essence of this contrad. In the evert B er defatdts wolves the right to rely thereon, udess made in writianpg sigreed in any paytaent, or fails to comply with any of the provis~ioas hereof, be ia~effepdroivve to the tex~teaT o rsahppror~ehdon wit`o~i~?~idi- or aproceeding in bankruptry, recervershtp or insolvency shall be f~ oq other provision of this contrad. This contrad shah be instituted by or against Buyer or his property, or Seller Deems the verned by tM laws of the state is which tM original SeWr is Pr ie danger of mouse or codacotwa, or Seller otherwise as shown on the fore of this toatrsd. reasons deems the trdebtedaess or the Property insecure, Seller GUARANTY For Value Received, each of the undersi reed guarantors, joint and severogy, guaranties the prompt and unconditional payment, performance and disc charge of all Buyers obligations under ~ within contract a covenants that in the everrf of default in arty of said obligatiau thereunder, to pay upon demand the foil amount remavung unpaid thereunder together with a reasonable aBontst/s fee (1596 of the amount then due, or if prohibited, the amount permuted by law) if placed with an attorney for collection. Tire liability of undersigned shall not beaffecled by any sziension, renewal or other change in the time of payment of the said contrad, or any thongs in the manner, Plana or tenors of payment thereof, or the release, settlement or compromise of a Mn . arty parry Babb for the payment thereof, or the release or non-perfee~ion of any secrxity tF~ereunder. The holder of the within contrad sho11 nod • . _ ~ - . _ against Buyer or arty other person or ~•*+h~ the holder may at a tabs bare before beirp eMided to from tr •ch of the undersigned guarantor hereby v~ • c ~ ~eopptance of tNs ~uuaroMV and of presentment, ~rd..o: .z - -:tea .t and dishonor, and arty other demands ag' ~ - r. ~v.-sv~ss apts.-!'--- ~ : . i^~ tors hereurid~ shall be in addition 9 ~ ~ _ _ _ _ _ y ~ _ _ _ . ~ _ - Qib ~ ~ ~i ~ p~tl O~y ..L.ir7~: Guarantor _ ' b, i = fem.. ~ _ ~ f jM QOn ~ ~ n.- . . • - r ~ - - S' 7 r e ~ i r a~ ~ s ~ e_s " f. _ £ The Seller named on the face of this contract sells, 4ss~ rep .i.. r t a. cooed ' ~ritrre I' right, title and interest in and to the within contract and the i'rupa.. fired fliererrr c..:. .tires Ford Cred'if to do era. +l .olbct ! and discharge obligations arising out of or incident to soil contract and assignment border to induce Ford Credit to oo! .t, the Seller warrants that: the contrad, and guaranty if arty, are genuine, Ie~oUy valid wad etiforoeabb and arose from the sale or wi.i F raptr.~r; saw t ruprr ry is as represented to the &ryer named therein who was quoted both a time prros wed o boost Dash price; the within contract was complete in all respects and Seller ' mode all disdowres required by law prior to the execution thereof by Buyers the Buyer is not o minor has capacity to contract and paid the down payment stated in the contrad with his own funds; all statements made by or on behalf of the Buyer and furnis~ed to Ford Credit by the Seller are true to the best of the Sellers knowledge and belief, and the Seller has no know~~ of any fad that would impair the vaBdity or value of the corrtroct; title to said Property is vested in tfie Seller free of all liens and.encumbronaes~nd the Seller bas the right to assign sold title. fi there is any breach of arty of the foregoing warranties, without regard to the Sellers-knowledge or lodc•of knowledge with respeel thereto or. Ford Credits te!'wnoe thereon. the Seller hereby ogreel uncondfionally to pur- j chase said control from lord Credit, upon demand, for the fu0 amount tlrerr unpaid whether said contract sfwll then be, or not be, in default. Seller further i agrees that'd event Buyer or ar~y other person makes a dolor agoirist Ford Credit opeging fads which, if true, would constitute a breach of any of the foregoing warranties, Seller shall assume the defense of such claim and shall indemnify and sore Ford Credit harmless from all bss, cost and expenses ansing therefrom. In addition, the Seller guororities paynierit of the full amount remaining unpaid under said contract ottd covetiortrs if defauk be made in any payment coming due thereunder to goy the furl amount then unpaid to Ford Credit, upon demand, eexxcoeeppt as otherwise provided by the terms of the Ford Motor Credit Comparry Retail Plan in effect at the time iMs assignment rs aooepted. The ('ability of the SetlersriaU not be affected byarryexterision,renewal orother change in~ihe time of payment of the said contrad, or any change in the manner, plane or terms of thereof, or the rebore, settlement or compromise of or with any parry ' leable for payment thereof or the release or ran•perfedion of any se~~r'~y Ford Credit shall rwt be bound to exhaust its recourse against the Buyer ; or any other person or ari~r security Ford Credit may at any time have before beitg errlitled to payment from the Seiler hereunder. The Seller wanes notice of the acceptance of this assignment and notices of rton-paynieM and none of the oontmd and any other notices tequfred by law and wanes a6 seto#fs and counter claims. This assigmgsnf shoN become effective upon of the wrthiri eortfrocf to Font Credit or upon FFootldd Credit's payment of the i purchase price therefor whichever first occurs. - t 89x0 APRn 73 •~4~5490 n ~ J - v r ? R ,y ! FOliE.r 'j' A . ~J'1K~~o PSGE 1?4