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I The following notice hrings 10 my altellll(1Il1hc nghts thai I have qv~n'w\JC{lll\" ~onlracl is sold 10 a financial instilulion or a bank. and I should notice that the impor- ianceofthlSprovlSlonlsslressedbYllsappearancellllenpOlnt.boldl~cctJIpC\ . " I. . 100194 NOTICE 88- This credit contract finances c purchase, All legal rights which the Buyer has against the Seller arising out of this transaction, Including all claims and defenses, are also valid against any holder of thIs contract. The right to recover money from the holder under this provision Is limited to the amount paid by tile buyer under this contract. A claim is a legally valid reason for suing the Seller, A defense is a legally valid reason for not paying the Seller. A holder Is anyone trying to collect for the purchase. INSURANCE CANCELLA nON: If I have requested insurance in Ihis purchase. I may cancel such requesl for insurance for any reason within fifteen (15) days from the date of this contract by notifying you or the holder of this contracl in writing. I know Ihatlhe cancellation of my coverage will be arranged with the insurance carrier(s) and a full refund of my premium(s) together with applicable finance charge will be credited 10 this contract. PLEASE NOTE: If! have requesled insurance in this purchase. I will receive within Ihirty (30) days a certificate of insurance more fully describing the insurance coverage. I know that if there is any conflict in the coverage or the language of Ihe certificate of insurance and the following Notice of Proposed Insurance that I am covered only to the extent staled in the following Notice of Propos cd Insurance. I also know thai I have insurance coverage only if! have been charged for it. NOTICE OF PROPOSED INSURANCE I take notice that either Credit Life or Credit Accident and Health Insurance. or both, will be applicable to this Sales Contract on the reverse side only if I have chosen it by sillning the request for such insurance. This insurance will only cover the f'Crson signing the request althe cosl for each type of insurance shown. SubJcct to acceptance by the Insurance company. the insurance will be effective as of today and WIll continue only for the number of months after the effective date equal to the number of monthly payments. I understand that this particular insurance may not provide coverage for my last few I?ayments, and t~al during that period of time I will not have any insurance coverage. All benefits and proceeds of the insurance wi:! be paid to you or 10 a financial institutIOn or a bank if il purchases the Sales Contract to the extent of its interests and any balance will be payable to me. The initial amount of Credit LIfe Insurance is the amount required to repay the Total of Payments; thereafter, the insurance dccreases by the amount of each monthly payment on a scheduled 30 day basis. If I am jointly obligated on the Sales Contract with a Co-Buyer, and we have both signed the request for Credit Lifc Insurance, death bene fils will be payable only with respect to Ihe first one of us to die. Subject to exclusions. eliminations or waiting period stated in the Insurance policy or certificate. Credit Accident and Health Insurance is for the benefit amount of I !30th of each month's payment for each day that I am totally disabled due to an injury or sickness while I owe any payment to you: however. I understand that I have to be prevenled from working due to such total disability for more than four- teen (14) consecutive days before tt.e insurance benefil is paid back to the first day of my total disability. I also know that I cannot obtain any insurance from you If I am over 65 years of age today, and I also know that the insurance coverage provided to me may contain a maximum amount of coverage which wOl not pay ID some cases, the entire amounl that I owe you, Due to the maximum amount of coverage stated in the insurance policy. I know that any unpaid amount in excess of the Insurance coverage will still have to be paid. If the Sales Contract is prepaid in full priorto the last payment date, any unearned insurance premiums will be refunded to me in The man. ner prescribed by law. Within thirty (30) days. I will receive the certificate of insurance more fully describing my insurance coverage. If the insurance is nol accepted by the Insurance company, I will receive a refund of the insurance premiums I have paid. BUYER: The next two paragraphs conlain warranlies relative to this sale given by us to Ihe financial institution or bank in order for it to buy this contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLM FOR VALUE RECEIVED. Seller hereby sells. assigns. conveys. transfers and delivers t (Assignee) all of its rights. title and interest in and 10 the Installment Sales Contract and Mortgage. together with all liens existing to secure Its payment and the property encumbered hereby. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants and represents; (I) It has the right to make this assignmem; (2) All statemenls and figures in this contnlct and in the Buyer's statement are materially true and correct; (3) This contract arose from the bona fide sale of the goods and services described herein; (4) The cash down payment shown in this conlraCI was actually paid by Buyer and no part of said downpayment was loaned di- rectly or indirectly hy Seller to Buyer; (5) Each Buyer is legally competent to contracl; (6) This contract is nnt and will not be subject to any claim. defense, demand or right of offset; (7) Thc cxecution of Ihis contracl and the underlying sales transaction giving rise Ihereto did not violate any federal or state law, directivc. rule or regulation now in effect; (S) In 1111: event thatlhis contract or the underlYlllg sales transaction is subject to a right of reSCIssion or cancellation by the Buyer. such rescission or cancella- tion period has expired and neither Ihe sale nor Ihis conlract has been cancelled orrescinded. THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE, , l.t IN TESTIMONY WHEREOF. Ihe undersigned IS an authorized representative of the Seller and has signed below on behalf of the Seller on this -L .,. day of -:r~ .19~. The foregoing instrument was acknowledged ""fore me on PACESETTER PRODUCTS, INC. (Sellar) ::r~.l\ \~ ,19'8'5 By~~f)~ by the authorized agent of Seller who is ~~ Pi- C\.... ~_ .01 - ] M,wmm;";o",,P;~' 1__..... ~~ 1 ,Q.,AA1'" t!.ft.EIk-w.- ~ -,,_ l- 0~ ~.... r.,1IIc. u.1.11 .~" , ..,... i~ -!: '" . .: i)~ ~ i ..--. ..... L L -.J ~.