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HomeMy WebLinkAbout2450 S 3 S ~t /A N M o y ~u.c . ~ ~ err 3 a. q a,~, ADDITIONAL TERMS ANO cQilDlnoNs 11. ASSIGNMENT ~ 1's~~~ ~'~~111wo the riiltt ro declare sN omouals dw er ro hscaars dw hsre• Tbs eriBiael Seller rwy essya Nus contrail wd Ais essiBaee shall trader ro M iatwedtetsty dw curt pryeble end SsNer sbeN hove eN rho oquire oi,of igerest a this tootrad and tM P[pporry cad shoR ~K o~ rwro/ios of o Socorod urrdor rho Urltiforat Ctrrsworciol M oautled to tM ' wd ~'~ooc of SoOor horwado?. ~ Afhr fro ~~Y•~~~t ro ro Preportl? whorwor tl» s~ ~ Buyer receives notice oT .ry such ossiBnaoM. Buyer shill tnako aN ~ lard with hN rfBlrt Oi entry, cal to rocoaiitloa cad soq tiro ppaoyymments hersutlN diretty to tM hohier Mreof cod tbs oriDiao! ~ peblic N privefe silo. Upon r oast Rrysr shall dslirsr tM Seier shah wt M tta peat of tM holder for tnttsmissioa of pair- h ro SeRu at a plow desipwted~r filler. Boller shall hove meats or othsrwisi. Buyer sboN act iriasfer or otMrwise dispose of ~ to retain aN payaaats clads prior ro repossession cad Ruy N~ any irterest is this contract or the Property- shall rewata liable for cry deficisary. Ary pirsoaolty is or attoclrsd 18. USE OF PROPERTY - NO wARRANTIa ro tM wMa repossessed slay M MW w SeNer rilhoot liebikty ollA tojror shall M dooa?od to bore woirod ary ctaira tMroto Buyer shall troop Nti P boo boat all encumbrances, and arty utdess rritfea dwtetd hjr cirtifisd miR is mode open Seller wiMia amountlMt rttay M ~~!drh~y~SeTler is release o! aiscboroo thoroof shall 2~ boors ahoy ropououroa. Btryor props to pay roasoaobla atlor- be paid by Rryer to Slier forthwith ~poa demand with imerest at rho nays' foes (1596 if ptrw'dtod by fowl cad otMr oxponsa incurroi hr hw kwful toahed rata. Iryer shah wt esi the Property, iReBally, er is effsttip cogoctioa, rsposssssion or resale Mrsuader. im roper or far biro and shell not reraore tM Property tram tree county Sellers remedies herertader arc is additaa to nay given by law and of ~iis r ' ia~ witheq file written psrmissioa of Salter. No roprosent- mry N enforced successively or coacurrerdly. Motwr by Sollu of atfert, ~ror~ or , ox ass K intpiiod, bas boon ntodo ary dofadt shalt rat M dssated o waiver of ary other defaah. with rospoct N lbo relay 'lily, titrrtoLif' or $hoss ~ 10. GENERAL u~p~~~~ the ~roMrtY or otltetrwrso rraloss~ sorno is sr~ ~orsod Mroon in wrrtirtN or is corttaieod in w saparoN writNa No transfer, ronowal, oataasioa or assiyameat of this coNrad or any ittstrtlrrtwt by Ilto oriRiwl Sailor. B er w~ settle directly iatorost horeatder, aad w loss, doaroyo or destruction of or to rho with rho ttriitlyi dl daims coacerarg the Property or its use or Propotty, shoN rolwso ttti?or frow his ohliBatioas horwadar• This operation. co~roct coltstitutes the aahrs aeyyreameat bshrasa tier yamiss and ao 19. DEFAULT wodtficitiw herwf shot M rdtd in cry steal, and Bayer expressly Time a of tbs essence of this contrail. In the went B er defaults waves tits right to rely tbsrwa, udess taodi is writilg si88n~ed by !7 Seller. Aay prorislon of this contrail prohibited by ay pltcs5te low in arty payanat, faik to comply with any of the prortstoas hereof, M iaeffectne to the szteat of such ptehibitioa tittthout iwolidi- or o proctttidiap fa bialuuptcy, receivership or insoheacy, shall be tint cry other provision of this contrail. This contrail spoil be instituted by or opaittst Buyer or hts property, or Seller deems the govertad by the laws of the state is which the orisiaol Seller is Pro to doaBer s# misuse oc conftscataa, or Seller otherwise located os shown ea the face of this contrail. retlso~wWy deems the trdebtedness or the Property insecure, Seller GUARANTY For value Received, each of the undersigned guarantors, jointly and severally, guaranties tM prompt and unconditional payment, performance and dis- charge of all 8vyer's obligations under the vnthin aontral and covenants that in the event of dsfa~tt to any of sold oWigotwns thereunder, fo pay upa+ dsrnpnd the full amount remaining unpaid thereunder togetFtar with a reosonabk attortay's fee (1596 of ttte amount then due, a iF pr'ofabibd, ~ amount ptetanrtted by aw)) ~f placed with an Attorney for collection . . t'- ' 'undersigned shall not be affected by any extension, renewal a other change in the time of payment of !f,e said control, a any change in the ~ ms of payment thereof, or the release, sMtlen?eM or compromise of or v+ith arty party liable for the payment thereof, or 1F • - ?ity ttiYr.~•L•r older of the within control shah nor be bound to exhaust its recourse against Buyer or any c - sy fore beirq entitled to yment from the undenigne1d herwunder. Each of the undersigned guars ~ ~tt? •tc •/and of presentmat~, demand ^t'd r. r ~ ~rted 9uaran- dishonor, and any nth i,, _ = i rots hereunder shall b .y ~ ''v ~ x - .ct ' ~ { • ! ' ~ ; _ < Guarantor - _ ~ r - _ ~ ~.bo~ i l , jo~ab~ r Guorontp.-.~. - ~ ° - ' f~ ,p ~r _ i ~ i ~ ~ 6t 7rr, 00 ! , ~ ASSIGNME' ' t ' r t ~I The Seller named on the face of this contrail sells, assigns and transfer fo Ford Mote r ~..r tAer. rota t;redi~'~ his, its or their entire r ~ght, lisle and interest in and to the within control orxf the Property described therein and authorizes ford Credit to do every of and thing necessary to collect ' and discharge obligations arising out of or incident to said.contral cad assignment. In order to induce Ford Credit to accept assignment of the contract, the I Seller warrants that: the confial._pnd guaranty if any, arc g6AUint, legally valid and enforceable and arose from the stile of sold Property; said Property is os f represented to tbeBtryer named there-'at who was quoted both o time price oi+d o lesser cash price; the within control was complete is all respects and Seller -sue all discbwres iyquired by IaNr•prior to-the execution thereof by Buyer; the Buyer is not o minor, has capacity to contract and paid the down payment stated in the coMraet whit his aw~iu ~ all statements wwde bjt or on behalf of the Buyer and furnished to Ford Credit by the Seller are true to the best of the ~ Seller's knowkrig6 and f, a f has no knowledge of `arty fal that would impair the validity or value of the contract; title to said Property is vested m the Setter f?eeQf all lieitsand encumbrances and the Sellerhas the right to assign said tale. If there is any breach of on of the foregoing warranties, without regard to the $eper's k or bck of knowledge with yesPect thereto or. Ford Credit's reliance thereon. the Seller hereby agrees unconditionally to pur- l chase said control Fromm Fredit, upon demand, for the full amount then unpaid whether said contract .boll then be, or not be, in default. Seller further ` agrees that in event Buyer or any other person makes o claim against Ford Credit alleging facts which, it true, would constitute a breach of any of the foregoing ! warranties, Seller shall oswme the defense of such claim and shot) indemnify and cove ford Credit harmless from all bss, cost and expenses arising eherefrom. In addit'wn, the Selby guaranties payment of the full amount remaining unpaid unde? sold control and covenants if default be mode in any payment coming due thereunder to pay the full amount then unpaid ~ Ford Credit, upon demand, except os otherwise provided by the terms of the Ford Motor Credit Company Retail Pion in effeft at the-time this assignment is accepted. The liability of the Seller shall not be affeled by any extension, renewal or other change in the time of payment of the sold central, tX any change in the rnonner, place or Terms of poymer~t thereof, or the rebase, settlement or compromise of or with any party j lable for payment thereof or the rekase or noitperfelion of an securely thereunder. Ford Credit shall not be bound to exhaust its recourse against the Buyer , or any other person or ow1r security Ford Credit may aYotiy time hove before being entitled to payment from the SeNer hereunder. The_ Seflsr.woives notice of the acceptonp of this asspnment ctrl notices of non-payment and non-performance of tM control and any other notices reqwired by lovv~ond waive; ate ' seroffs and counter claims. This assignment shall become effective upon delivery of the within control to Ford Credit w upon cord Credit's. payment of the purchase price therefor whichever first occurs. @ f 3 avoo ~rtat » i `r ~'i~i~;g'7~3 IIEED eau nr c,,:•toED ~T. l',~.. .t d. F, - CLE~r "'.Ftf RECCF' Ofc 10 9 4s A~ ~