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a NOTICE 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 Seiler. A holder is anyone trying to collect for the purchase. INSURANCE CANCELLATION: If I have requested insurance in this purchase. I may cancel such request ttir insurance for any reason within fifteen ( I5) days from the date of this contract M notifying you or the holder of this contract in writing 1 know that the cancellation of me coycrage will br arranged with the insurance catrier(s) and a full refund of my premiunits) together with applicable finance charge will be credited to this contract. PLEASE NOTE: If I have requested insurance in this purchase, 1 will receive within thirty 130) days acertificate of insurance more fully describing the insurance coveir ge. I know that if there is any conflict in the coverage or the language of the certificate tit Insurance and the following Notice of Proposed Insurance that I am covered only to the extent stated in the foflow'ing Notice of Proposed Insurance, Iasso know that Ihave insurance coverage only if l Face been charged for it. J 0��IM NOTICE OF PROPOSED INSURANCE QA7® 7i I take notice that either Credit Life orCredit Act:idrnf:mtl IiCailii Insurance. or both, will be applicable w this Sales Contract on the reverse side only r' I have chosen it by signing the request forsuch insurance. This aWrance willonly coverthe Person signing the request at the cost foreach type of insurance shown. Subject to acceptance by the Insurance company, the insurance will he effective as of today and will continue only for the number of months after the effective date equal io the number of naonthiy payments. I understand that this particular insurance may not provide coverage for ma last few payments, and that during that period of time 1 will not have any insurance coverage. All benefits and proceeds of the insurance will be ppaid to you or m a Cinancial institution 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 Credit Life Insurance is the amount required to repa% the Total of Payments; thereafter, the insurance decreases Dv thr amount of each monthly payment on it scheduled 30 day hasis. If I am jointly obligated on the Sales Contract with a Co- Buyer, and we have both signed the request for Credit Life insurance. death benefits will he payable only with respect to the first one of us to die. Subject to exclusions, eliminationsorwaiting period stated in the insurance policy or certificate. Credit Accident and Health Insurance is for the benefit amountof 1 30th of each month's pavmiint foreach day that l am totally disabled due to an injury or sickness while t owe am payment to you; however. I understand that I have in be prevented from working due to such total disability for more than four- . tern ( 14) consecutive days before the insurance benefit is paid back to the first day of my total disability. I also know that I cannot obtain any insurance from you if 1 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 will not pay in some uses. the entire amount that i owe vou- Due to the maximum amount of coycrage stated in the insurance policy, l know that any unpaid amount in excess of the insurance coverage will still have to he 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 - terlirescribed by law. Within thing ( 30f days. 1 will receive the certificate of iinurance more fully describing my insurance coverage. If the insurance is not accepted by the Insurance company, l will receive a refund of the 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 fin -ii to buy this contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT. SALES-CONTRACT AND MORTGAGE FOR VALUE RECEIVED, Seller hereby sells. assicns. :oroe%s. transfers and delivers to __I_L (Assignee) all of its rights. title and interest in and to the in%ta l lintel states Contract and Shirteage. together with all hens existing to secure its payee t, and the property encumbered hereb%..Assignee is hereby substituted as Mortgagee under the %longage prov ismns tit this contract Seller warrants and represents; ( i ) It has the right to make this assignment; (J All statements and figures in thi contract 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 downpayment shown in this contract was actualfy paid by Buyer and no part of said downpaymcm was loaned di- rectly for Indirectly' by Seller to Buyer: 15 1 Each Buyer is legally competent loo contract; (61 rhis contract Is not and w'ilf not he subject to any claret, defense, demand or right of offset; (71 The execution of this contract and the underh, inn: vale% transaction go ,ing rise thereto did not violate any federal or state law', directive, rile (or regulation now in effect iR) In the event that this contract or the underlying sides transaction is subject to a nght of rescission or cancellation by the Buyer, such rescission or cancella- tion period has expired and neither the sale nor theconiract has been cancelled orrescinded THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. IN TESTi\1ONY WHEREOF- th • under Igned is an authonted rep�senauce nl tfir SeOer and has signed below on behalf of the Seller on this ___1 ..__ .19 —_7. - The foregoing instrument was acknox,leeddgrd b rton me on _._._...__.._._ .Q.... THE PACESETTER CORPORATION (Setter) by the authorized agent of fly commusian expires. QENE&91 —Ta lf V V.H9' ;BnAe , C r ,. ,- •, !II�� e it dew +#A a -I