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I <br />INVALID PROVISIONS: If any provision of this contract violates the law and is uncafwrccable, the rent of the contract will he valid. It any part of this .antra t requires <br />payment of more interest than the law permits, then you will only have the right to collect from nor the amount of inicrest which the, law allows you tu:ollcct. <br />COMPIXTENFSS OF THIS CONTRACT: This contrac t can only be changed it Moth you and I agree in writing. <br />The following imice brings to my attention the righis that 1 have even when this contract is sold in a financial ins0tution or a bank, and I should notice that the impor- <br />tance of this provision is siressed by its appearance in ten pone, hold face type: <br />NOTICE <br />This orodit contract flnanC99 a purchase. All legal rights which the Buyer has against the Seller adoinpg <br />out of this transaction, including all claims and defenses, are also valid against any holder of this contraof <br />The right to recover money from the holder under this provision Is limited to the amount paid by the buyer <br />under this contract. <br />A dNlm is a legally valid reason for suing the Seller. A defense A0 legal jy �{p{�f ViT for not paying <br />the Selma. A holder Is anyone trying to collect for the purchase. j �j t <br />INSURANCE CANCELLATION: If i have requested insurance in this purchase. I may cancel such request for insurance for any reason within fifteen Ii5) days from the <br />date of this contract by totifying you or the holder of this contract in writing 1 know that the cancellation of my coverage will be arranged with the insurance carrion s) and <br />a full refund of my premiums) together with applicable finance charge wil I be ct edited to this contract. <br />PLEASE. NOTE: If 1 have rreegqtested insurance in this purchase, f will receive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. <br />1 know that if there is any rontlict in the coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that I am covered only to <br />the extern stated in the following Novice of Proposed insurance. I also know that i have insurance coverage only, if I have been charged for it. <br />NOTICE OF PROPOSED INSURANCE <br />I take notice that either Credit Life or Credit Accident and Health Insurance, or biall. will he applicable to this Sales Contract on the reverse side only if l have chosen <br />it by signing the request for such insurance. This insurance will only cover the person signing the request at the cost foreach type of insurance shown. Subject to acceptance <br />by the insurance company. the insurance will he effective as of uiday and wet] continue only for the number of months at'ter the effective date equal to the number of <br />monthly payments. I understated that this patticalar insurance may not provide coverage for my last few payments. and that during that period of time 1 will not have any <br />insurance rnverage. All benefits aaod proceeds of the insurance will be paid to you or to a financial institution or a bank if it purchases the Sales Contract to the extent of its <br />interests and anv 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 <br />decreases by the amount of each monthly payment on a scheduled 30 day hams. If 1 am jointly obligated on the Sales Contract with a Co- Buyer, and we have loth signed <br />the request for Credit Life Insurance. death henefits will he pagahie only with respect to the first one of us to die. Subject to exclusions, eliminations or waiting period stated <br />in the insurance policy or certificate. Credit Accident and Health Insurance is for the benefit amount of 130do of each month's payment for each day that I am totally disabled <br />due to an injury or sickness while i owe any payment to you: however, I understand that I have to he prevented from working due to such total disability for more than four- <br />teen (14) consecutive days before the insurance benefit is paid hack w the first day of my total disability. i also know that 1 cannot obtain any insurance from you if I <br />am over 65 years of age today, and i also know that the insurance coverage prtrvided to me may contain a maximum amount orcoverage which will not pay in some <br />cases, the endre amount that I owe you. Due to the maximum amount of coverage stated in the insurance policy. l know that any unpaid amount in excess ofthe insurance <br />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 - <br />rerprescribed by law. Within thirty (30) days. I will receive the certificate of insurance more fully describing my insurance coverage. If the insurance is not accepted by <br />the insurance company, I will receive a refundbf the insurance premiums [have paid. <br />BUYER: The next two paragraphs contain warranties relative to this sale given by us to the financial institution or hank in order for it to buy this contract. <br />SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENJ SALF.SjC�ONTRACT AND ORTGA E <br />FOR VALUE RECEIVED. Seller hereby sells. assigns, conveys. transfers and delivers to t?,e, 6.fJL O�A i r f M� <br />(Assignee) all of its rights. title and interest in and to the fnstallincri Sales Contract and Mortgage, together with all liens existing to secure its pa- ment, and the property <br />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 <br />this assignment: (2) All statements and figures in this contract and in the Buyer's statement are materially true and correct: (3) This contract arose from the bona fide sale <br />of the goods and services described herein: (4) The cash downpayment shown in this contract was actua lly paid by Buyer and no part of said downpayment was loaned di- <br />rect)y or indirectly by Seller to Buyer; (5) Each Buyer is legally competent to contract. (6) This contract is not and will not be subject to any claim. defense, demand or tight <br />of offset: (7) The execution of this contract and thc urtterl®mli sales transaction giving rise thereto did not violate any federal or state law, directive, rule or regulation now <br />in effect: 18) In the event that this contract or the underlying sales transaction is subject to a right of rescission or cancellation by the Buyer, such rescission or cancella- <br />tion period has expired and neither the sale northis contract has been cancelled orrescinded. THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. �^ACQ <br />iN TES MONY WHEREOF, the undersigned i%im authorized representative of the Seller and has signed below on behalf of the Seller on this <br />day of —_ - -- .19 <br />The foregoing instrument was acknowledged before nee on <br />it I ew 19-18-2 <br />by the authorized agent of Seller who is <br />Mycommissionex iris: <br />- - -- <br />' 1Nrsitr —oasts sh iMMSi+ <br />lESSI t <br />My Caana E*p. Dec. 12. 1991 <br />THE PACESETTER CORPORATION (sailer) <br />By, <br />s. tsx p ;�L �aAall tAf�. <br />K )NA J'au 'Re <br />1 <br />ff <br />p <br />