HomeMy WebLinkAbout1082 1
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case the Seller may also, without. pot~ce to the, Buyer~ rescind thta agreer~tent ~nd;-ca'ncel .the inetallment ~
noEe given pureuant hereto and, as liquidated damages for ths breach hereof by the Buyer~ retain all
paymen~s theretofors received hereunder as a fair rental for the use of the equipment and, in addit~on~ ;
the ~y~1r.~haU pay to the Seller any suma as to which he is in default hereunder at the time poeseasion
,,.of `tfie:
~qu~pment is taken by the Seller ; or (b) take posseslon of and remove .the equipment in the
~ mann~r'~e l~
ove provi de d an d, un less o t herwise prav i de d by s ta tu te, se l l t he equipment with or without i
notlc~" a'~'~yblic or private sale, at which the Seller may bid and purchase, and in such event the pra
ceeds of sa~h sale~ less the expenaes of retaking, repairing, holding and selling the equipment~ including '
a rea'sdnab}e sum for attorney's fees~ shall be credited upon the unpaid balance of the purchasp price
••ti a~d tl~e BJver shall forthwith pay to the Seller any deficienc~•, s~ny surplus being paid by the Setier to the
'~•..~u~~c; or (ej recover from the BuyQr~ as agreed damages for the breuch hereof, the unpaici ~alance of
~ s~' •~rro~ei; dr any renewal thereof, together with interest at the highest rate permitted by law, and in
'''•~.su~~.~v~1nt~ if the obligations of the Buyer hereunder be not by statute rendered void or voidable by
reason of such authorization, the Buyer hereby authorizes uny attorney at law to appear for the Buyer i~
in any court and waive the issue and service of process and confess, a~td enter a~ judgment (without
declaration, with release of errors and without ataY of execution) against the Buyer in fav,4~r of the
~ Selter for an amount Pquivalent to the unpaid pran~ipal and accrued interest payable on,said`no~~'~qJ~s
cost of suit, and the Buyer agrees that, if allowed bY law, 10% of such unpaid princapal,•and
intereat may be added to the amount of such judgment as attorney's fees; or (d) pur~lie any,rerh~ay%.. +
permitted by law in like events. It is understood and agreed that the rights or remec}fes giv,en,th~;Se,l ler
hereunder are cumulati~?e and not alternative; and that the commencement of one remedy~dr~procee8ing
, . by the Se~ler hereunder sha~l not constitute an election so as to bar the commencement And enfo'rce~enE~~ -
- , of any other remedy or ~o~eeding hereunder; provided, however, that upon a rec~siqn o"~~t~i~ ~gree=
_ ment by the Seller as. hereinabove provided, the Seller shall not be entitled to coliect ~he ~np~icC'balanc~
. ~ of the purchase .price and ,of said note. ~ ~ - < <
, 9. ' The 3eller shall repair or replace any parts of the equipment the operation of which S~'~ia~erially -
I'..~ impaired by defects in rrieterial or workmanship existing at the time of delivery. No guarantee or war- ~
: ranty, express or implied, is made by the Seller except as stated in this paragraph. '
The Buyer shall take good care of the equipment and, subject to the preceding paragraph, ahall
. at his own expense keep it in good order and repair, making the replacement of parta where necessary.
'r Upon the failure of the Buyer to make such repairs and replacements~ the Seller may cause them to be .
~ made and add the cost thereof to any ~installment of the purchRSe price, of which such amount shall in ' ~
~ all respects be considered a~part. ~
~ 10. This contraet, including all the righta and privileges of the Seller, may be assigned, andJo~ '
~ ; said note may 6e negotia~ed~ without notice to Buyer, and when assigned and/or negotiated~ ahall be ~
free from any defenae, set-off, counter-claims, or cross complaint by the Buyer. This contract may not
be assigned by the Bu~?er without the ~onaent o# the Seller, or ite assigns~ in writing first obtained. It '
~ shail bind and enure to the ben~fit of the partiea hereto and their respective heirs, execut~rs, a~dmini$-
trators, `successors~ and (subject to the limit~tions expressed in this paragraph), assigms of the partiea. ~
IN WITNE WHEREOF, the parties have duly executed this agreement the day and year ftrat
~ above written ~
~ BUTt~ GROCSRY
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' . / ade Name or trm Name or Cor rate Namsl ;
Witnes~ -----A~~ s=~
BY~'~^~~-~ er~~
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3'"'La'L~' ~L. S.) .
Y Afn tute~
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: Witnes~~c~ ~
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~ Y------------------------------- L. S.
~ ~ - ~a~yer. s~~n.~ure~
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~ ~ SEALTEST FOODS .
. Atteat _ c . ~~t By_ ~ , . . ~
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83 ti ectetary, n Z'i ~ rp @ Southern Dtvitlon i
INOTt: In case the Buyer fs a ;
corporate seal aftixed.) ~r~e~~D' ~ach member of the flsm shoutd . It corporatton, r stdeat ~nd Secretuy ~tfpuld st~n and
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STATE OF NaRTH CARpLINA SELLER'S ACKNO~'VLEDGMENT
COUNTY OF MECKLENBURG S
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I~ th~ underst~ned, a Notary Publfc~ tn and for tht ~aid county, do hereby c~rtiiy tb~t_,;i___________________
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who ia personpily well known to me'aa the person nsmed ss ~4~2t2Y~.~.,_____ot
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" 3DAI~TEST F40D3 - SOUTHERN DIVISION~ in the aforegoing conditionai contrwet oi ~sale~ peraonplly appeared ~ ~
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. ...beiQre me in said county ~~id---- --J• B. ME}y_ _ . . a~~a,~~~,~•,•• , C ' ' .
_ . ~':1 - ---------~~i?~'~-~---Ja~ ~,--SI~DP'~C~.B.r----aforesatd, .
~~nd.py•virfue oi the authorlty~ vested !n`him acknowledged !he ~~n*:p~e~ tfi~k~ ~~said SEALTEBT FOOAS, the
_ . eJ ~ell~~r} thetein. 3 ~ ~ ~
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. 4~~Givyh under~my`hand e?nd seal this______:_____day of._____ `P~,,.~_•_~ 19__(~.
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