HomeMy WebLinkAbout2446 y~ pv,,~ ~ i~'t"~dv ~i4.t,Lt.~ ~A
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11. ASSI6NMQIT ~~~~r~+~ hwe fba rgltt h declare eU emouah dw er h beceato dw here•
TM ortpael SeNer wel? oss~a this control Bail his essi/aeo shot ender h M immediately lee Bail payable oad Solver sheN hew oN the ,
acquire oM of his tderesl M this ceatnct o~d_trpe Irperry oat shell ~K ~ r ~ e Secnied party Wier tM Ueiform (aeprreraol ,
t eatltMd h the ri0hts nail N SNeNr hereunder. '-Aber (fie Ududi~ JiOht to~topest~est.the itreperlp wherwer tW seite~-,
uyor receives aorta of etry sac ossr0amem, urer shill make aN ~1? ~e twat w free right of -entry, Bail to recoaditaa Bail seN the
ppaa~ymeats hereunder directly to tM holder hereof std the ai/irtol sawn et public Or private sole. Upa retueq Iuper shah deliver the
Sefler shoN not M tM event of tM holder for hattsmissioa of pay- h to Seller et a plan IasiOoated e1? filler. Sallar sWl hwe
meats er otherwise. toyer shah not traasfer or otherwise dispose of ~ to retain all pgtneuls made pray to repossessiea oad ttttper
any ietaest is this co~rel or fho proprty. shah remain lieblo fa eq defidency. Any personalty is er ettec
I a. uSE OF plOpEtTY - NO wAIIANTIES to ~ when repessessod map N held by Seller wiNaa
liability a ttryor sbeN b, doomed ro have waived atry claim thereto
layer shill keep the prep~e from ell eactanbraaces, and ofry ealoss written demand by cirtifiod meU is mode spa Seller within
omoum that map M by S to rdoose or distbarve tMreof shoe 2d hours after r a. I or avrees to pap reosotable ottor-
be ppaeid by Duper to forthwdh upon demand witb IaterKf at the nsy~' fees (1596 ~id by la+r) and otMr oxpases incurred by
higbest htwfu) contrail rate. taper sbaN not use the hoprtp iao~tp, SeAir is effodia0 coNectioa, repossessan or resole . lareuader.
improp or for hire oad shall not remove the property from tM county Seliet's remedies Mreuader are in oddrtioa to asp given by law and
of his r once without the written permission of Seller. No rapresonR map d. enforced successively or costa+rsetiP. Naner by Seller of
atNn, >praAisi K , e>< ass er hrtplied, has boon made any defouh shill not M doomed a waiver of any other defaub.
with respect to tln wAardwat , sritabilitY er fitaass for
petlpoae ~f~tlr heparry K ethotw,r~se rrdess tIN sawN is of
20. fENERAI : •
dorsed h~reew in writip er is ceNaitnd in a separate written No transfer, renewal, oxbnsioa or essivameat of this control or arty
instrwned by the etpitat Seller. / er will setNs daectly iroerest horoeader aad ao toss domavo er destruction of or to the
with tM arivStller ml loans coacereinv the Property or its use a hepMp, sheN nliese blrer From his eMivetioas boreeador. Tbis
operation. control coestihrtes tM eahre oo~vreemed behreea the ppoaroes erd no
i4. UEFAUIT woditiceti0a hereof shoN M veld in eey owl, and layer expressly
Time is of rtes essence of this contract. In the Brent I er defaults waives IMA ~rivht ft role thereon, unless made is writirr0 ssr't~~n~od by
uC SeNor. Any proviska of this coafral prohibited by aypltcaWs law
in etry prgr~teaf,' K foils to comply with any of the provisions hereof, shill bt iaeffolive to the extent of such prohibition without iwdide-
or a proceediav iA bankruptcy, receivershyt or iasoheticy, shah be fitg eq other provision of this control. This central shah be
instituted by or ovaast layer or his property, a Seller deems the ggooverned by rtes laws of the state is which tM orivinal Seller is
Props m detlger of misuse or cordiscation, or Seller otherwise located es shown oa ihs fete of this contract.
reosono~ly deems the indebtedness or tM property insecure, Soler
GUARANTY
For Value Received, each of the undersigned guoronton, joint)y and severally, guaranties the pprrotrtpt and unconditional payment, performance and dis-
charge of all Buyer's obligations under- the within conhol and covenonh that in the event of dsiouh m any of sold obligotioru thereunder, to pay upon demand
the full amount rertwining unpaid thereunder ogeM~r with a reasonable attorney's fss (t5% of ttti amount then due, a ff prohibited, tM amount pertnilMd by
Ma W) if placed with on attorney for collection. t The liability of undersigned shell not be offeded by any extension, renevrol or other dwnge in the time of payment
of the said control, o. • • • • - ~ canner, place or terms of payment thereof, a the release, settlement a compromise of a with orry party liable for the
payment thereof, a d •rfe•iie•r of any security thereunder. The hiller of the within control shoo not be bound to exhaust its recourse
against Bv~rer or any c .c. ' - = - • ••rv at any time hove before being entitled tot from the undersigned hereunder. Each of
the undersrgned guaro a ' rxe ~ this Quarant • • • ~ ~r ~..-r+•r•wrt • ~ . ~^t - • • • ••t-payment and
dishorwr,and any otlr i ~ s-~~;~' as r, rt • r~ .igned guaran-
,errs hereunder slwu b. ~ rt ~ ~ i i
Guaronfw _ ~ _ _ , j`~ _
. - _~~S~S
1 r ~ .1
t ~ t
The Seller named on the face of~tbis tonfral sells, assigns and trot (hcreas: d. :uew "r ors ~r
v.: ) r.a, .u or their entire
right, title and interest in and to the within control and the Property described tMreu. and authorizes Ford Credit to do every act and thing necessary to collect
o~d discharge obligations arising ovf of or incident to sold control aril assignment. In order to induce Ford Credit to accept assignment of the contract, the
Seller warrants that: the contract, and guaroaty if any, arc genuine, legally valid and enforceable and arose from the sole of sold Property; said Property is as
i' represented to the Buyer named therein who was quoted both o time price and o lesser cash price; the within contract was complete in all respects and Seller
made all disclosures required b7 low prior to the execution. thereof by Buyer; the Buyer is not o minor, has capacity to contract and paid the down payment
{ crated in the contrail with his ow~~tt' furrd~s III statements rhad~ 4r or on behalf of the Buyer and furnished to Ford Credit by the Seller are true to the best of the
Seller's knowledge oriel belief; andilt~ Seller tees rw knowledge of any fat that would impair the validity or value of the contract; title to said Property is vested
` .n the Seller free of oY I' and encumbroikes aril the Seller has the right to assign said title. If there is any brooch of on of the foregoing worronties, without
regard to the Seller'a~Cti~wledge or.lock of knowledge with respect thereto or. Ford Credit's reliance thereon, the Seller hereby agrees unconditionally to pur-
chase sold control from Ford Credit, upon demand, for the full amount then urpoid whether sold contract >holl then be, or not be, in default. Seller further
agrees that in event Buyer or orrhyeother person makes o cbim ogo~nst Ford Credit alleging tots which, if true, would constitute o breach of any of the foregoing
W oddition,theSefler guaranties payemen of the full o ountdremaining unpad under soid~oontral and wvenaMs ifldsfouh sbe mode Pin any payment comi g
due thereunder to pay the foil amount then unpaid to Ford Credit, upon demand, except os otherwise provided by the terms of the Ford Motor Credit Company
R.etai) Plan in effect at the time this assignment is accepted. The liability of the Seller shell not be affected by am extension, renewal or other change in the time
of paymeiM of the said contract, or any chottge in rite manner, place or terms of payment thereof, or the release, sefflemeM or compromise of or with any party
l~oble for payment thereof or the release or non-perfecton of an~r securely thereunder. ford Credit shell cwt be bound Jo-exhaust ih recourse against the Buyer
l or any othei person a ~ security Poll Cnd`rt may of any time hove before being errfitled to payment front the SeNef hereunder. The Seller-waives rtotiu of
the acceptWtce of. this~osstprunertf and ttotices'of rwrrpoyment aril non-performance of the control and any other notices required by low ond'woives aN
setoffs and counter doims. This assignment shoN become effective upon delivery of the within contract to .Ford Credit or trr~on Ford Credit's payment of the
purchase price therefor whichever first occur. ~ ~ -
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DEC 10 9 46 Au `7.9
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