HomeMy WebLinkAbout1081 , ~
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~ • ~ ` . y •~$-=----].~Lt.~-------~t~t~e t~ime'di the ~xecut~o~i of ~his ~u~reemet~i:~~ 4
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$_____-i~ ___________at the time of delivery of the equipment. ~
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$_____~Q~,oQO_______in__~6..__monthty installments of $_____s~9~?.~____each or in amour~ta
~ as in d icate d in s chedule of n a y me n t s. ~
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TOTAL ~ .~22~ 74 _below~ thc first installment being payable on the_____ ~~h ' ____day
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. of_______21rn[emU~a'______~__~ 19_ 6.~1.,, and all aubsequent installmenta ~
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on the same dAV of each month thereafter until the entire
k '~~~~~......~b'~lJl6`~1L~lI]R.~T~~~WMMf,}Rll~i~_~~.7'.T~~L~.~.-~r.~-w.i ~~P~r~;~.-n~~+r~~w~~~..~~~, 1?V~~ar~
ehaU.have been fulty paid~ said installments bearing int~reat from date at the rate of sfx per centum per
; annum. Said:d~~erred,purchase price shait be ec•id~nced b~ a~ instsllment promjsvory note exeeuted by
s the Buyer at the time of the execution of this agreenien a d payable `~t the times and in the amount
~ hereinafter set forth~ that ia to sayi965 196b • , . ; . ~ ;
; 1g~4JanuarY January $"r'2~,,,.7~j- Januars~ ~:.---.~g..~~ JanuarY $----.2~.7~?
; '~""°"'~ebruary February FQbruary $____29..~~ February ;__.._2Q•7~
:
~ ~ Mareh Diarch $___2~.,~.~_ ~l'Iarch , March $___e.2~oTs
~ , April April $_--2~~~- April $----2~..'~5 April ;--_-..2~.?S
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' ~aY MaY 5---2~-.~5- rla~~ May ;____.2~.?5
' June ' June June • ~ ~ '
; . ~---2~+~~- $-----2$•~~ June :
' July~ ~ July ~---~~4-~.~-'' July ;_----~.~5 July $____~•?5 ,
{ Au ust ~ Au uat Au ust
t s 8 $---29.~5~- ~ '$----~..'T5 Auguat $-----2~.?5
; Septemb~r _ _ _ _ _ _ _ _ _ September _ _ 29.,~ _ September _ _ _ 22..Z~ September _ _ _ _2.~:?5
~ October October _ $___29;7~..,; Octob~r . . $_-__~'.4..T~ , October 22:1~
November ~---29.~~-=~'.c~.NuveTrlbe~ $ r_~.:2,9...~::.;~~ Noi~ember.$.:- _'_~2~25 November
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December ;__~29r,:.7S~ .<<'. ; Decemher.: ~ 29~.Z~~~::: December'' ~2aT~ December
~ Saicl note and any renewals thereof shall be payable to the Selier or order and shalt be deemed to be only
evidence of indebtedness to the Seller for said installments but not payments thereof. .
~ 9. It is understood and agreed that title to the equipment and any replacements thereof and additiona
- thereto shail remain in the Seller and shall not pass to the Buver until.the entire purchase price has been
~ fally paid ~,nd until all the other terma of this agreement to be previouslS• performed by the Buyer have
~ be~n fullv performed. Upon such payment and performance. the Seller shali, at the request of the Buyer,
execute and deliver to the Buyer an ackno~vled~;ment thut the Buyer has made payment in full of the ~
. purchase price ~pecified herein anct that title t~ the eq~ipment has passed to the Buyer. The obligation
of the But•er to gay ni! of the installments of the purchase price a»d to comply with all the other terma
of this Agreement to be performed by the Buyer shall continue and shall to no extent be limited by
reason of any damage, destruction or loss of equipment ~"while in the Buyer's possession,
5. The Buyer shall pay any and all taxea, le~~ies, license fees or xssessrnents made~ levied or
s~cses.tieci against the equipment by any legal nuth~rity ancl shait satisfy any liens that may be impressed
thereon so tong as uny part of the purchase price hereunder remains unpaid, and in the evsnt the Seller
pays any such items the amount thereof shal? be added to anv installment of the purchase price~ of
which in all reapects it shall be considered a part. ~
6. The equipment :+hall be considered as personalty ancl shall in no way be attached to the realty
, ~ or made a part thereof in any manner whatsoever so long as any part of the purchase price hereunder
remains unpaid.
7. The Buver agrees that the Buver ~vill, at the Buyer'a uK•n cost and expense, fully insure the
equipment against dumage by reason of tii•e in a company ar companies approved by the Seller~ any losa
xrising thereu»der to be paid to the Seller~ ~s its intere::t may :~~~~~ear. The Seller, at its option, may
effect ~uch insurance on behalf of the Buyer~ .~nd is hereb~• :~uthorized to do ao, and to charge the Buyer
with the cost thereof, and any such cost shull be ..d~led t~ aiiy installment of the purchase price, of ,
tivhich in aii respects~ it shall be consiclered a part.
8. Upon the libppening of any of the following event:c: (1) clefault by the Buyer in payment of ~
any part of the purchase price due hereunder; or (21 and other default by the Buyer in the prompt and
~ feithful performance of any of the terms~ conditions and obligations of this agreement to be performed
by thc uuyer; or (3) any attempt by the Buyer to ~eii, let, pledge~ mortgage, remove or otherwlae
• dispose of any part or a11 of the equipment or of the Be~yer's interest therein; or (4) ti~e seizure of the
equipment by or for rreditors of the P,uver, or le~~~~ upon it for debts, taxes or rent; or (5) the i~solvency -
. oi the Buysr; or (6) the mukinfi of any assignment by the Buyer for the benefit of creditors; or the
~ filing of a~•oluritury or involuntary petition in bankruptcy by or against the Buyer; or (8) the appoint-
` ment of uny receiver hy any State or Federal court of all or u substantiai part of th~ Buyer's assete; or
~ (9) the breach by the Buyer of an~• oi the provieions of the Bay er's agreement with the Seller of even
! date here~~•ith for the ptirchase of ice cre~m,. ic~s. ,and other frozen commoditiea; then and in any such
~ ` event the entire unpaid balance of the purch~se pricc~ ~nd of said note shall at the option of ths Sell~r
j k~ without ~~otice of the ~.r~rcige: theiepf ~ tu ~nYQ1e+ ~~~~~t,~~~~~ : imm~.Kiiatel'y due and payable and the Seller
s ~ (~vh~ther or nuL it exerci~r. :~uyh, uption) muv withu~~t notice to or demand on the Buyer (a) take
! ~~oase~sion o~ an~l.remo~•4 ~tl~e e~utpment «•ith «r ~vitha,~i leg.~l proceys wherever it m;,v~be and ~ ch
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