201706267 - Laserfiche WebLink

Browse

201706267 All payments on this contract shall be applied first in payment of accrued interest, if applicable, and any remainder in payment of principal. If any payment obligation under this Contract is not paid when due, the remaining unpaid principal balance and any accrued interest, if applicable, shall become due immediately at the option of the Seller. LATE PAYMENT CHARGE. The Buyer promises to pay a late charge of$50.00 for each installment that remains unpaid more than 10 day(s) after its Due Date. This late charge shall be paid as liquidated damages in lieu of actual damages, and not as penalty. NON-SUFFICIENT FUNDS. The Buyer shall be charged the maximum amount allowable under applicable law for each check this is returned to Seller for lack of sufficient funds in addition to any late payment charges allowable under this Contract. PREPAYMENT. The Buyer reserves the right to prepay this Contract by making payment in full of the then remaining unpaid principal and any accrued interest. ENCUMBRANCES. The Seller guarantees the Property is not currently encumbered. The Seller retains the right to use the Property as collateral on future loans so long as the indebtedness is paid in full prior to the Due Date of this contract. In the event the Seller defaults on any mortgage on the Property, the Buyer can pay on the mortgage and receive credit under this Contract for all payments. MAINTENANCE AND IMPROVEMENTS. Buyer agrees that any and all buildings, permanent fixtures and improvements currently on or subsequently added to the land or Property may not be removed, but will remain on the Property until the contract is fully performed. In the event of default by the Buyer under this Contract, any and all permanent fixtures and improvements made on the Property will remain with the Property. POSSESSION. Buyer will maintain possession of the Property e rt Y u P upon execution of this Contract. CONDITION OF PREMISES. The Buyer recognizes the Property is being sold as is and the Seller is under no obligation to make any improvements or repairs during the time of this Contract. INSURANCE. Buyer agrees to maintain adequate property insurance on the Property equal to the assessed value of the Property from the date of signing this agreement. The Buyer shall immediately notify the Seller of any lapse in coverage. The Buyer is responsible for maintaining insurance on any personal property or other items the Buyer places inside or on the Property. TAXES AND ASSESSMENTS. Buyer agrees to pay all taxes including but not limited to federal, state, and municipal, that arise as a result of this sale, excluding income taxes.