HomeMy WebLinkAbout2341 . • t ~ \ ~ • ~ - INhlte • orwn.l lo. oank
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NOME IMPRd11EMENT INSTALLMENT` CONTRACCT i NOTE a - c tiopt~
OsRad_Jun. 94 1I18~ eetweer~e Ash-A-r'
_ ~ - uth and N~npy, Lee
. (cMNd sayer a Owne? herein)
(PIEAtE INT) (Name of Buyer a other Oo•euyer)
Home Addre~ R ns o f O v nu o
n«Q ~ ~b ,,,8'1 ran 4 A or ~ jip
(aNed Contractor herein) No. .
( e License NO. )
Contractor's Business Add ~ ~ate$Z.O~~~P
Salee11M11'a Name 1 R e . 1?a+s siti t - License No.
The coMaetw nee to seN and tM Buyer (both joirny and severely) aErees to boy. pursuant to the TERMS STATED ON THE DACE
AND BACK OfF THIS CONtRACT. tM following goods and servkes. or servkes (property improvements) for the modemi=ation, re•
habilitation. repair, aReration, or improvement d premise (calved the "property improved.. herein) descnbed end identified as:
Number and Street City County State
The record owner(s) d said real esbb is (ere)
Work on tM Property Improwrnent will begin on or shout and will be completed on or shout f~ /fin
(approsimstey)
DESt~IPT10N OrF PROlERTY IMPROVEMENTS - (List bekwv work psAormed and/or goods and material famished or installed -refer
to and attacA work order and/or specifigtion. if any)
ISSORY NOTE COMPUTATION OF 'TOTAL OF PAYMENTS
FOR VALUE RECEIVED, the undersigned Buyer promises. to pay ANO DEFERRED PAYMENT PRICE
Holler (meaning Contractor or any sssignae of this contract) the (1) CASH PRICE ; 1}
K?„_?
- Kn
TOTAL OF PAYMENTS of in con-
secutive mouthy installments of = esch, beginning (2) DOWNPAYMENT
1 month from the date of completion of the property improve- Cash Downpayment ; ~
ment unless a differont first payment day is specifitrd here Trade-In (Net) ;-r~L~.~ .
R/K /)2n , end payable on even date of TOTAL,DOWNPAYMENT ;
each succeeding month tMreaRer, together with afinal/balloon (3) UNPAID BALANCE OF CASH PRICE ; l~K,~ -
payment in the amount d due (4) OTHER CHARGES
Payments to be made at piece dasigna ad by Holder' Buyer may choose through whom in-
The FlNANCE CHARGE begins to scenes from the date d the ' surance is to be obtained.
completion d the property improvement unless a difhrent date Credit Life Insurance ; N a
is inserted here It any Credit Disability
instattment payment p- ids hentin is not msde within 10 days Insurance ;-(yTd-
after its due deb. Buyer agrees to pay bte charged 596 d Documentary Stamps ;
such insbNmeM or;5.00 whichever. is less. in sddition to the Other ar± _ FapA s ~L.:
[1(1
regular insbllrreeM. Buyer ahio sgroes to pay any court costs Other ;
and attorney's tees d 1096 d the amount due and payable TOTAL OT ER CHARGES ; ~n ~n
under this contract or such lerger amount ss msy be reasonable (5) AMOUNT-ADVANCED FOR DEBT -
and lust if this coMrsd is referred to an attorney. If any install- CONSOLIDATION
meat on this. Note is not paid when due. the entire amount un-
paid Hereon- shNl become due end payable forthwith st the (6) UNPAID BALANCE/AMOUNT
election of the Holder d this Note. FINANCED S 4~ K't _ L.n
The makers and endorsers d this Note hereby severely waive ~
presanLneM. demand. protest and notice of dishonor. Interest (Home
Improvement) ~ ~0 s
Should balance be prepaid in full prior to maturity date. a refund IntVrest (Debt
of the unearned portion d the FlNANCE CHARGE will be cal' Con~glidation
culated by the "Rule of 78's "method after first deducting an
acquisition charged ;25.00.~__`J .
As searrity for the payment and performance d Buyers oblige- (7) FIN~;~A GE ; ~~~,.~,,8,f~.
tons under thfs contract Buyer -shall execute and deliver to
Contractor s Real Estab Mortgage on the-Property Improved. (8) TOTAL OF PAYMENTS
' TIME IS OF THE ESSENCE IN THIS CONTRACT. Pay Sum of (6) & (7) ; ~A~o L.n
ment of this Note is subject to the terms of this HOME (9) DEFERRED PAYMENT PRICE
IMPROVEMENT CONTRACT of even date between maker Sum of (1). (41, (5) & (7) ; ~R~o ~n
I and payee or mortgagor and mortgagee. (10) ANNUAL PERCENTAGE RATE t 2~%
CREDIT LIFE INSURANCE IS NOT REQUIRED FOR CREDIT. ~ -
COVERAGE IS AVAILABLE FOR THE TERM OF THIS AGREEMENT AT THE FOLLOWING COST:
Credit Life t ~ - .
1 desire. credit life insurance
Date tY uyer ,Date
Buyer acknowledges receips of an executed copy of this
HOME IMPROVEMENT CQNTRACT and two completed
I copies of the notice of Buyer's Right of Rescission under
SELLER REPRESENTS THAT HIS NOTES AND/OR the Consumer Credit Protection Act.
MORTGAGES ARE ROUTINELY SOLD TO FINANCIAL NOTICE TO: OWNER _
INSTITUTIONS. r ~ TRACT N BLAN~(B) YOU ARE ENTITLED TO A COPY
The Cofltractor states that the above work is covered by: ~ THE C~~TTR~ACT. AT~~~~FF11~ jl1~E~~YOU SIGN. KEEP IT
o TO PROTECT'YOUR LEQAL RIGHTS ~ ,(C) ANY HOLDER
~ Workman's Com nsation Yes No NSUMER CREDIT CON~RACT. IS SUBJECT .
E pe -3E-- M~'i , , .LASES WHICH THE DEBTOR
COULD ASSERTfI.~, . SELLER OF GOODS OR
Public Liability Insurance Yes--~- No SERVICES OBT~IUNEDr~:i1l1R~NT HERETO OR WITH
THE PROCEEDS`H~REOF~ : RE~QYERY HEREUNDER BY
Or that the Contractor is qualified THE DEBTOR SHALLL NOt EX EE~'I~MOUNTS PAID BY
as a self•insurer: Yes.- No THE DEBTOR HEREUNDER. F
~,~,i .,a„c+~,-:~~_,.f ~r_n L.S. X ~ LS.
~ ~.z~,
rector ( are f - '
/I
Dy-'~ l~ (TRIe) x (Sig t r ~
~+llan L. Sper_cer Vice-President ' ~~('E, ~:a~Jc7
BANY.IILf COPY