The URL can be used to link to this page

Home My WebLink About0950 ~ , ~ Purchaser further warrants and covenants: 8. The statements and representations made by the Purchaser herein and signed by Purchaser are true. Purchaser will imme- diately notify Seller or assignee !n writing of any change in or discontinuance of Purchaser's place of residence or place or places of business whichever is or are set torch in said statement. T. No financing statement covering the Collateral is on file in sny public office, and at request of Seller, Purchaser will join with Seller in executing one or more financing statements pursuant to the Uniform Commercial Code, in form satisfactory to Seller and will pay the coat of filing the same in all public offices wherever filing is deemed necessary or desirable by Seller. 8. Purchaser will not sell or oQer to sell or otherwise transfer or encumber the Collateral or arty interest therein without written consent of Seller; will keep the Collateral in good order and repair snd wlll not waste or destroy the Collateral. 9. Purchaser admits, upon examination, that the Collateral is as represented by Seller and acknowledges acceptance and delivery thereof complete with attachments and equipment in good condition and repair. Seller may examine and inspect We Collateral at any time, wherever located. iv. Seiler may carrz.^,L ps:cri err3Fa herein and in the note. 11. Any notice to Purchaser shall be sufficiently given when mailed to Purchaser's address stated above. 12. Purchaser will keep the Collateral insured at all times against loss by fire and/or other hazards concerning which, N the judgment of the Seller, insurance protection is reasonably necessary, in a company or companies satisfactory to the Seller and in amounts sufficient to protect Seller against loss or damage to said Collateral, that such policy or policies of insurance will be delivered to the Seller, together with loos payable clauses in favor of the Seller as its interest may appear, in form satisfactory to the Seller. 13. Upon the happening of any of the following events or conditions, namely:• (I) default in the payment or performance of any of the Obligations or of any covenant or liability contained or referred to herein or in any note evidencing any of the Obligations; (I I 1 any warranty, representation or statement made or furnished to Seller by or on behalf of Purchaser in connection with this agree- ment or to induce Seller to make a loan to Punhaaer proving to have been false in any material respect when made or furnished; (III) loss, theft. substantial damage, destruction, sale or encumbrance to or of any o! the Collateral, or the making of any levy, seizure or attachment thereof or thereon• (IV) death, dissolution, termination of existence, insolvency. business failure. appointment of a receiver of any part of the property ot, assignment for the benefit of creditors by. or the commencement of any proceeding under any bank- ruptcy or insolvency laws y or against. Purchaser or any guarantor or surety for Purchaser; thereupon, or at any time thereafter (such default not having previously been cured); (V) or if Seller deems itself insecured, Seller at its option may declare all of the Obligations to be immediately due and payable and shall then have We remedies of s seller under the law, including, without llmita- tlon thereto, the right t0 take poaaesaion of the Collateral. and for that purpose $eller may, so iar as Purchaser can give authorittyy therefor, enter upon any premises on which the Collateral or any part thereof may be situated and remove the same Zheretrom. Sellet may require Purchaser to make the Collateral available to Seller at a place to be designated by Seller which is reasonably convenient to both patties. Seller will give Purchaser at least flue days' prior written notice of the time and place of any public sale thereof or of the time after which any private sale or any other intended disposition thereof is to be made, and at any such public or private sale Seller may purchase the Collateral 14. This agreement and the. security interest in the Collateral created hereby shall terminate when the Obligations have been paid in full. No waiver by Seller of any default shall be effective unless in writing nor operate 8s a waiver of any other default or of the same default on a future occasion. Seller i8 authorized to fill in any blank spaces herein and to date this agreement appropriately. All rights of Seller hereunder shall inure to the benefit of the heirs, executors, administrators. successors and assigns of Seller; and aII obligations of Purchaser shall bind the heirs, executors, administrators, successors and assigns of Purchaser. If there be more than one Purchaser. their obligations hereunder shall be joint and several This Agreement shall be deemed to be binding on the Purchaser upon affixing his or its signature but shall not become a completed contract untA signed also by the Seller. This Agreement shall be construed according to the law of the State of Ohio. 15. It is understood and agreed that this instrument and the promissory note executed herewith may be assigned to a third party. t'pon notice of such assignment, Purchaser agrees to make sll payments at the o®ce of the named assignee and Purchaser acknowl- edges that Seller is not an agent of ouch assignee for any purpose. Purchaser hereby agrees that such assignment shall be free of an;j and all defenses which Purchaser may have against Seller and Purchaser agrees to settle all claims agairut Seller directly with Seder and not to set up any such claim in any action brought by assignee. 16. This Security Agreement contains the entire agreement between the parties, and no oral agreement shall be binding: ' AS3I(iNMLNT AND WAItIiANTY 1 f For value received, the undersigned does hereby sell, assign, transfer, CO., itL ahd ~t ~e~• 1~b5B~P1<~ ~ACCI;`PTANC~ ~ successors and assigns, all of its right, title and interest in and to the within security agreement, the amounts due and to become due thereunder and to the Collateral therein described, hereby granting full power to the said assignee, either in the assignee's own name or in the name of the undersigned, to take all such legal or other proceedings as the undersigned might have taken except for this assignment. P The undersigned warrants that the within instrument and the note secured thereby are genuine and in all respects what they pur- ~~rt to be• that all statements contained therein are true; that the within security interest is the first and best lien upon the Collateral ~.escribed therein; that there are no defenses, counterclaims, or sei-offs thereto that all parties to the foregoing instrument have ca- racity to contract, and that the undersigned has no knowledge of any facts which impair the validity or value of either the said note ~ or the within security agreement. The undersigntd warrants that the said note and security agreement arise out of a bona fide sale made in compliance with the law `rom the undersi t0 the Purchaser named in the agreement for the amount therein, the Collateral described therein has been ac- cepted by the Pp r, that the down payment was made by the Purchaser in cash, unless otherwise specifically states in the agree- ment, and that the'Cash payment indicated in said agreement has been received and/or that the allowance given for the trade-in is in the amo t; stipul in tbt~agreement. State Oft 5th November 79 Dated this _ _ . ..............................Day of_.......:... 19...... .ounty p -bc ---~4a+~~fi~tur n i s T ay,ti ' - . - ,19~_ -i: o ~ g --COmpa _ _ _ _ _ P , ~(jc. G~G? T.R. Benua, JR., Vice Pres. . 4~~890 FLED All f. r- ,,...~?Ep ~~.IUCIE C' s' • fUA. RL ; - :S ClfRr. , .OU11t a IIECOrr i~ ~-1~ c3_ . oE~ 3 i R ~ ~9 , DEPENDABLE ACCEPTANCF. CO. 60R 17150 COLUMBUS. OM10. 43213 , ~ ~ ~ . ' : a~~~21 ~a~~ 949