|
v
<br />17_ 103423 ADDITIONAL TERMS
<br />PREPAVMF.NT AND UAL OF THE FINANCE CHARGE: Even though I do not have to
<br />,,Say more than the regular scheduled monthly payment, I have the
<br />right to preppy w le amount owing to ou in full at any time or in pan from time to tune. If the lending institution or Flank that buys my contract computes the finance
<br />god" ( ivgv,fppnt��trttce charge will be less if 1 make an early payment, and it will be higher if I av late; T also ecognnize that an necessary adjushnent u, my tout)
<br />fitsance ehtug�'wt be rofletied in my final bill; [also know that the amounts shown on the rverse side for the Finance Charge, Total of Payments, and the Total Sale Price
<br />ate estimates based on the -a in MW that you will receive each of the payment exactly on its due date; and (know that there will be no refund if f preppayy because here
<br />is nothing to refund !f I am charged on a daily balls. If the lending lnsutuuon or bank does not compute the finance charge daily, and if I prepay the whole amount, you
<br />will refund to me the unearned potion of the finance charge (interest) by the accounting procedure known as the actuarial method; and the anoint of my rebate wilt be
<br />figured on the scheduled dates and amounts of my monthly payment and not on the actual dates and amounts of the prepayments that 1 pay to you. I know that a refund
<br />C. less than S1.00 will not be made.
<br />IMPORTANT NOTICE ABOUT WARRANTIES:
<br />(a) We as SELLER HEREBY DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, OF MERCHANTA-
<br />BILITY AND FITNESS FOR A PARTICULAR PURPOSE ON ALL GOODS AND SERVICES UNLESS SELLER FUR-
<br />NISHES BUYER WITH A SEPARATE WRITTEN LIMITED WARRANTY OR SERVICE CONTRACT MADE BY SELL-
<br />ER ON ITS OWN BEHALF (WHICH, IF MADE, ACCOMPANIES THIS CONTRACT).
<br />(b) I have read, in detail, the separate "LIMITED WARRANTY" which accompanies this contract. It explains the conditions and circumstances in which the roan-
<br />ofactared products will be repaired or replaced. 1 take notice of the limitations on the warranty, and I particularly recognize that any implied warranty which applies to the
<br />goods lasts only as long as the warranty or service contract.
<br />SPECL"RDER GOODS:1 know that you have measured my house and its openings so that you can make the products to fit my particular house. I take notice that the
<br />goads that are manufactured for my specific house probably will not fit any other houses, and under such conditions, I know that I cannot cancel this contract at any time
<br />after the period of tithe given to me, by law, in which to cancel. After that legal period of time, l know that I have the obligation to pay you in full the amount owed.
<br />OBLIGATIONS PERTAINING TO PROPERTY INSURANCE AND MY REAL ESTATE: 1. 1 promise to keep my house in good repair and to keep
<br />it insured for at least 806E of its replacement value hy buying a fire and extended coverage insurance policy. The insurance company must be approved
<br />by you. and the policy must have a beneficiary clause which says that you are to he paid if there is a loss. The insurance company must agree that
<br />it will not cancel my policy without first telling you I authorue the insurance company to pay you directly for any loss. You can choose to use this
<br />insurance payment to either repay any amounts 1 owe you or to repair my house. I have the option of providing property insurance through an existing
<br />policy or through a policy independently ohtained and paid for by nm. '_. 1 also promise that I will not allow anyone else to place any liens on my real
<br />estate without your written permission. 3. 1 promise to pay all taxes, assessments and other charges on my real estate when due. 4. 1 promise to timely
<br />make all payments on my, prior loans secured by m)• real estate. I also promise that I will not extend, renew or change prior loans without your written
<br />permission, S. If 1 do not insure my house or fulfill my other obligations to my' real estate. then you can do it for me it' you want (but you do not
<br />have tot. If you do pay any of these obligations for me, I agree to pay you back on demand plus interest at the highest lawful contract rate of interest.
<br />Until I pay you back, these amounts will he added to my debt to you which is secured by my real estate and house. I know that if you decide to buy
<br />insurance for • me that you do not have :o obtain any homeowner or liability insurance.
<br />SALE OF MY HOUSE: I pmmi t to sell, lease or give my house to anyone until I have fully repaid my debt to you.
<br />DEFAULT: I will be in default under this contract if:
<br />1. 1 don't make a payment when due; or
<br />2. 1 break any promise I made to you in this contract; or
<br />3. Something else happens which causes you to believe in good faith that 1 do not intend to pay you as promised; or
<br />4. 1 default on any obligations for which I am using my home as collateral; or
<br />5. Something happens to 7,y house which threatens your rights, ifanv, in it.
<br />LF I AM IN DEFAULT: I understand that you have the right to foreclose the Mortgage 1 have given to you and have my house sold to repay any amounts 1 owe you if 1
<br />am in default under this contract. Before my house is sold, you will do everything that the law requires. If you hire an attorney to assist you to sell my house, or, to sue me,
<br />or, to protect your rights, I agree to pay you for your reasonable attorneys' fees and for other related expenses such as court costs, tide searches and money you expended
<br />to protect my house, if you are allowed to collect such amounts by law.
<br />OTHER RIGHTS: We can choose not to enforce any of the rights under this contract as often as we want without losing them. Or, we can delay enforcing any of the rights
<br />without losing them. We can also use any rights now or in the future given to us by law.
<br />DELAYS: I know that you will use your best efforts to install the products I am purchasing on my house, but I also understand that in some situations you may encounter
<br />delays that are caused by strikes, weather conditions, delays you have in obtaining materials, or for other reasons that ate beyond your control. I understand that you will
<br />not be liable for such delays.
<br />ARBITRATION: If I have a dispute or claim with you concerning the quantity, quality or performance of the products, I understand that my dispute may be submitted to
<br />and settled according to the mediation- arbitration program that may have developed in my community. I also know that any decision made by an arbitrator(s) would be en-
<br />tered in the court having jurisdiction over me and you.
<br />SALVAGE VALUE: I know that the windows, woodwork. and other materials that have to be removed by you for this installation have NO salvage value. Wben you re-
<br />move them, you can have them for whatever purpose you want.
<br />SPECIAL SITUATIONS: Due to the uniqueness of some of the products that you sell, I understand that in special situations that your Regional Office may have to review
<br />and accept this contract. I also understand that this We occurred in my home and that you and I may not have had all the correct information important to this transaction
<br />at ourfingertips; l give you my consent to correct any obvious errors that may have occurred when the blanks in this contract were completed. -
<br />INIVALID PROVISIONS: If any provision of this contract violates the law and is unenforceable, the rest of the contract will be valid. If any part of this contract requires
<br />Davnientof more interest than the law Dcrmits, then You will only have the right to collect from me the amount of interest which the law allows you to collect.
<br />COMPLETEN010x,TH[SCONTRACT: This contract can only be changed if both you and I agree in writing
<br />L_
<br />
|