88100194 - Laserfiche WebLink

Browse

r Th~ foJ)()\~i~lg I~otice hrings I~) my aHelltloll.lhl' nghl.s Ihall hi~ve q\l~n.-w~JC{H~I~7ontrac( is sold III a financial institution or a bank. and I should notice that the impor- tance of thIs provIsIon IS sires sed by lis appearance III ten pOlnl. bold I~.cc t)lpc\ ' , 'j. . 100194 NOTIC~ 88- This credit contract finances a 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 the 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 CANCELLATION: If I have requested insuran.ce in this purchase. I may .cancel such tequest for insurance for any reason within fifteen (15) days from the date of this contract by notifying you or the holder of this contract in writing. I know Ihatthe canceliation of my coverage will be arranged with the insurance carrier(s) and a full refund of my premium(s) together wilh applicable finance charge will be crediled to this contracl. PLEASE NOTE: If I have requesled insurance in this purchase. I will receive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. I know that if there is any conflict in lhe coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that I am covered only to the e.xtent stated in the following Notice of Proposed Insurance. I also know Ihat I have insurance coverage only if! have been .charged forit. NOTICE OF PROPOSED INSURANCE I take notice that either Credit Life or Credit Accident and Health Insurance, or both. will be applicable 10 this Sales Contract on the reverse side only if! have chosen it by sillning the request for such insurance. This insurance will only cover the ~rson signing Ihe request at the cost for each type of insurance shown. SUbJectto acceptance by the msurance 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 Ihat this particular insurance ma~ not provide coverage for my last few I?ayments, and t~at during that period of time I will not have any insurance coverage. All benefits and proceeds of Ihe insurance wi,1 be paid to i ou orto a financial inslitUllOn or a bank if it purchases the Sales Contract to the extent of its interests and any balance will be payable to me. The initial amount of Credil LIfe insurance is the amount required to repay the Total of Payments; thereafter, the insurance decreases by the amount of each monthly payment on a scheduled 30 day basis. If I am jointly obligated on the Sales Contracl with a Co. Buyer, and we have both signed the request for Credit Life Insurance. death benefits will be payable only with respect to the first one of us to die. Subject to exclusions. eliminations or waiting period stated in the IIlsurance policy or certificate. Credit Accident and Health Insurance is for the benefit amount of 1!30th of each month's paymem 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 prevemed from working due to such total disability for more than four- teen (14) consecutive days before tt,e insurance benefit is paid back to the first day of my total disabilily. I also know that I cannot obtain any Insurance from )'ou If I am over 6S years of age today, and I also know that the insurance coverage provided to me ma)' contain a maximum amount of coverage which wUl not pay In some cases, the entire amount that I owe you, Due to the maximum amounl of coverage staled in Ihe insurance policy. I know that any unpaid amount in excess of the msurance coverage will still have to be paid. If the Sales Contract is prepaid in full prior to 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 cenificate of insurance more fully describing my insurance coverage. If the insurance is no! accepted by the IIlsurance company, I will receive a refund oflhe insurance premiums I have paid. BUYER: The next two paragraphs contain warranties relative to this sale given by us to the 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, litle and interest in and to Ihe 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 underthe Mongage provisions of this contract. Seller warrants and represents; (I) It has the right to make this assignmcnt; (2) All statements and figures in Ihis contracl and in lhe 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 downpayment shown in this contract was actually paid by Buyer and no part of said downpayment Was loaned di. rectly or indirectly by Seller to Buyer; (5) Each Buyer is legally competent to contracl; (6) This contract is not and will not be subject to any claim. defense, demand or right of offset; (7) TIle execution of this contracl and the underlying sales transaction giving rise thereto did not violate any federal or state law, directive, rule or regulation now in effect; (8) In II", event thallhis contract or the underlYlOg sales transaction is subject to a right of reSCission or cancellation by the Buyer, such rescission or cancella- tion period has expired and neilherthe sale nOrlhis contract has been cancelled or rescinded. THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE, , d. IN TESTIMONY WHEREOF. the 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 I>efore me on PACESETTER PRODUCTS, INC. (Senar) ::f~A...\ tY ,19CS~ Byt{~/! f}~ by the authorized agent of Seller who is ~~ PI' C'......A. .01._ ] Mycommissionexpires: 6tn_"~":I~~ 1 ~A_"'; -, {!..~r- .-rC.CILIIOW t~ ..... __ DIe. U. ..1 , -, : .:;,. '.- ~~. 4 "i ,;..... ~.. L L ~ ~ It'-or .. ~I "~- ;..-,