HomeMy WebLinkAbout2370 _ . OTNER CONDI?IONS OF CONTRACT . • ' ' ~
If any payment is r~ot made within ten days after due date, Buyer agrees to pay late charges of five per cent or 55.00, wh+chever is tess, in add'rtion to the regui<
instaimeM. BuYer agrees to pay court costs and reasonable attorney's fees of 15~ of the unpaid balance upon a default or f35, whichever is greater, tor ifproiiibite
by I~+~v such sum as is pemriss+blel if this contract is refe~red to an attomey not a sal~ried employee of holder for collection.
Title to the merchandtse shall not pass to Buyer orttil tAe Tma 8a~ance i~as been iully p~id in cash. Buye~r shall be responsible for any lou of or dart?aga to sai~
propetty. Shoutd Buyer fai! ta pay sald Time B~lance or any part thereof wAen due, ar breach any other conditions of this amtroct, the entire unpaid balance sha11 a`
Ssllec's electioa Deoeme due iamp~iately, or Selkr m~, wiiAeut noti.~e, Aen+aflQ ot legil prosess, ta~e possessia? of the mercl~dise wherevu loc~ted a~nd retaln a{~
monies p,id thereon for ttie use of said mrrchandise. Seller may thtreupon setl said Merchandise at public or privrie sate and appfy the procads, after deducting
expenses and tiens, to the pa7merrt ot said indebtedness, and pay the surplus, if any, to Buyer. In tase of a deficiency Buyer wlll pay the same at onte. Ali tights arr'
remedies heroin contained are cumulative and twt alternative.
The mxrchandise shall remain personal praperty regardless ot a~ixation to any re~lty. Buyer s1u11 De responsible for obtaining ~II necessarp govemmental pennit~
and make, or bear a11 expense of making changes in his property required by law or governmat~tal regulation. ~ ~
Ti~sEO 1s of ihe essence hereof. 'ft!is agreement may he assigned without notice to Suyer and vrh~n so assigned, shall be free from any defense, counterclaim or cross
ca~pl~int .
Any note given in connection with this proposal or contraCt is understood to be as evid~rtce of, and not in payment of, the obligation hereunder, and may be neBo
tiateA without waiving any condition hereof, even though at the time of execution it may be temporarily attached hereto. ~ -
Th3s censtiututes the entire agreement between Buyer and SeHer and no o~al modificatlon hereof shall be valid.
Buyer certifies that the credit information furnished by him in connection with this sale is true. Buyer certifies that there is or is to be no extension of credit
in connection with the purchase of the merchandise herein described other than that evidenced by this agree~ent.
- - 4551GNMENY
TO GENERAI EIECTQIC CRFOIT CORPORATION~
To inducs yov to parchoss•M• withF~ Initrv~n~nt, sipmd br o~a or ~On Dryen lM»in collW "~ur~~") Ika o~tipnor rortanls Mal (1) 6+~Y~r's crodlf statemanl suhmittsd benvith
~ ' 1s svbstonliolly frv~ vnless oM~rwi~s speciB~d; I~) 6vy~r MOf OI IWfT ZI rwu of o~e ond otharwii~ fepolly con~p~tent ro contract at t6~ tim~ ot Me •x~cution of soid inctrvreant~ (3)
wid inatru~a~et oro~ iroA tAo boaa Ade wla of tM proF~rh doicrib~d tn sotd lmfru~e~ett I~I the dorn p~rssfit wat ~oods br ~uYSr in cc~1 end nnd net tts op~iratent ~nlses etM~is•
sp~cifiad, and no paA 1h~roof ras {Oan~d ~hctly o~ IndincNy py tM o~+iynor to Boy~r: (S) tAic~ if nw oriay ee said insttv~tnl tM 6mOY11I OS ~st fortM fhrninr (3) soid in~trvment cnd
all puamnte~s ~vbraittsd in conmchon tMnwiM ara in•all nsqct~ Ityultr or.krceoDl~ ayoTnst eoch purported sipnatery Menol and (7) tha as~io~or Aa: th• rt9At to os:ipn said inshu-
a~n1 and tMnbp com~Y ioed litl~ M lt cnd to wW Cf+P~~. `
For raiw ~xNwd, tM estiynor MrsbY ef+ipno to ~rw dl itf In1+~NT In wid in~trumen~ and property and avthori:~ you to do srsMki~p nscessory.fo mll~ct ond dischotp~ Hi ww~.
~11 ffie ttrms of ony ~:isfiny,wRHsn eynementc b~M~sn tA~ afslpnot ond you on maM a DoA h~rwl bp nfennc~, ond afsipnor und~nfoads fAof you nly upon t~~ abor~ ~rarmnti~f
' aed rpon said epre~m~n1~ [n pvrc~+inp wid tnsMuAMt. .
Neither th• npofs~ssion of tAs said Droperty fro~ tM buy~r for anr cause, nar hll~n ro N~s or rscord Ihis lnstrvment vMn ~squTred by la~r (11 betnp tA~ d~ty e1 1h~ o~sfy~+or ro AI~
x ncord ths insrrvm~nt) shall rtlwsa Ms eidyoer kos m~ipeor's oLlieation~ M»unda, end in soid oyrw~eh, ~rNh yov.
, . • (5~0 oth~r sida for O~ea~~i s Q~ur. ~o As:iqnaant)
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NOTlCE O~ rROPOS#D QRAUP LiFE tNSl1RANCE-1f a ch~tge fnr life f~.wrsnce Is inciuded 6n the items of cost shown on the re?rerse side hereof_
' lite insurance~~,.,Q~rovidin be~cfits in the event of death or total and permanent dls~abitfty wder a Grcwp Creditors Life tnsuranca Poiicy issued b~r THf PRUDENTIAI
~ . IKSMIWCE CO~WANY ~ AlYIERICN. Mewaik. N: 1., is contemplated in conntctioa wifb tlm Contract on the life of b~ryer n~med on the side lureof, prorided this
Contract ts asslgned to f,eneral Electric Credit Corporation or Ger+eral Elc~ctric Credit Corporation af Geuraia. Such insurante, if obtair.ed, rrill become effectirre from the
data trom which finance charges on the indebte~ss acaua and a ceRificate describing it will ba fumTsl~e6 within 30 dars. The inwronce will Gn absence of default -
; oe inshlment ~ stts) rEmain in force subject to~the terms of the said pblicY. ~t~'1 discfurge of the indebfedness. Insuronca proceeds will be spplkd to red~s ~
s
! or extingulsh t indebtedness remaining unpaia snd am bafsnce.will De•pa3d to buytt, if living, otherwise to h3s estate. The death bar?efit is pay~ble if Mryer ~es °
~rfiile insured under sai~d~~policy. The total and psrmanent dEsab~litr btrtefit is payable if burev becomes intallr and permanentl~ ~issbled rrhila inwre~_ u~der ssK
poItcp and remeins s4 disabled and insurcd theFet~nda~ tor t w~ng period e~t to th~ lesser of (aJ ~ months eaa (E1 one-haff the fnil acheduled term of Me in¢ebte~ess
The amo~nt payable in the ev~ent buyer dies will be the ~noimt necessary to disch~rge the indebtedness at death. Tl~e amount pa~rsble in tbe event buYer~S
totally and ptrmanently disablEd will be the emouirt ntasssry to`discharge the indebtedness at the camm~er?~ement of the waiUng period, reauced bli thE s~dn
o__T~'•-~f_.(L '
tha saaount oi b11 instafinents due and -w~paid at the canm~cert~nt of ihe waiting period and :fD th~ ~oimt of aU Instsi~nents talliag dae duria the ~A!
period. In no event shatl more than ;15,000 be so p~yable vrith re~ptct to ~II indebtedness of buyer the durations of which aro concuRent ia whole or~n part~f liie ~
(nsunnce does not become eftective_ or a c4~ar~e ifierefor in e~ccASS of. the ab3ve~limit is made, an appropriate refund or credit will be made. 1n the ev4nt of tar;m#~ j
natian af tha insurance prior to maturiry of this Contrac~ ~y u)~e~~ pcrtlon of the Iite insurance charge (based on 'The Rule of 78" refur+d~ bim~l~ Mq be ;
promptly paid or credited, if 51.00 or more. The refirnd fofmula is on fik with tfie State Insur~nce Department whero required and with tha asslgnee referred to ~r~, ;
N4T1CE Of Plti"~POSED t3ROtfP rROPERT~ R~1~~ANCE°~-ff BuTer .elects to h~1?e Seltfr ar dts assl~re ~oa~'e pfooe~Y .tn~innce, s~A ~
~ insunnce is contemptated under a Gropp_Credit-Ptope~lnsatancs.Policy isst~ed ,t~q 6a~eral Dectric Credit Corporation md/or Ctneral Electric ~redit Carporatlon° ot
Geagia fherein coflectivety catled "Crtdltor~ by ELEC IC MUNAL LIABIl1TY i~SURANCE COMPANY, Lynn~ Mus. cove~ing all merclandise lisfed on the r'e~e~se ~
of this Corttract against loss or destNCtion by one or more of the fal(orrirtg hazards - fire, lightnfng, windstortn, flqod. _expt(~on' s+M theft (but excludit~ s#tc~
hazords as war strike! rtots, etectrical distur4~c~Ces w3thin th~ nkrchanwse, ardiAary rrear ~d tea~ a~d frauduient c~rtrston?. It is undentood thaf s~h~i~ura~
is svai{~bt~ onfY if ttus Contrsct is assi~d ta C~editor md if sccepted bp tM tnsuret wil! becoma eifective frva~ the date from w~ich-fiwec~ t~axLes a+ tt~e i~F
~ debtedeness ~ccrue. The tnsunnce rrill Iin ab~nce of default on instaFment payrne~t~ rcmatn in force, subkM to the t~rms af s~id polic~? a~il dis t of ~d '
' indeDfednesa. In ~y crcnt~r or atl ot the covered machmdise is lost or destrv~rcd bp one of the coverod harirds, ln3wer wil{ ps~? the ~~~P ~
~ b~iance o~ thts Cortrsct ap~licable to the dtstroyred rtkrch~rMise to the Creditor on~our M(~If and ~y You the actu~l inatslltd wwe of ssiA +netcfi~+dise less a~id y
~~id bal~ce tess nomuJ de~reciatlon. If said mt~ch~d'ise ls dams~ed bY one of the corered insurer will p~t the wst of ~ such' d~@e-~ In no ~
~ trent sl~11 more than =50,000 bQ.so pa~rabie with respect to ca+rered merchandise on ~ry a~ premise. In th~ e~ent of termin~iion of tl~e iflsn~na i~or bo t~a~ :
~ a~turitr af tlds Coettac~ ~nyl t~e0r~ai Pottion of the D~?ty tnsuratfe~fy~tt'~ ~ t~'~P~~r credited it SI.00 or awr~. ;
~ ~ BOCK iJC'~~ ~
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