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r i nto tollnwmg notice ltringi to my at ',It the nvht. the - . -� '..,,!,. =c.: ;.� .;' +:�.+lire..nnsl ;nriituti.�n e�rtytp�, apKQ dnottcr that the imlr+r- tAnce of this provision is stressed y its appearance m ten point tb ' +' .�+• r. pe_ QW,,, I U U V NOTICE V This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arising out of :his 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 1 have requested insurance in this purchase. I may c ;curl such request for insurance. for an reason within fifteen (15) days from tie date of this contract by notifying you or the holder of this contract in writing. i know that the cancellannn of my coverage will he itrranged with the insurance carnetts) and a full refund of my premium(s) together with applicable finance charge will be credited to this r �n t ract. PLEASE NOTE: if I have requested insurance in this purchase. i will receive within thirty t ;u' ay n 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 tie certificate of insurance and the tol lowing Notice of Proposed Insurance that I am covered only to the extent stated in the following Notice of Proposed Insurance. 1 also know that l %lace insurance coverage only it 1 have been charged for it. NOTICE OF PROPOSED INSURANCE i take mrtice that either Credit Life or Credit Accident and Health Insurance. or both, will he applicable to this Sales Contrct on the reverse side only if i have chosen it by signing the request for such insurance. This insurance will only cover the person signing the request at the cost for each type of insurance shown. Subject to acceptance by the insurance company, the insurance will be effective as of today and will continue oniv for the number of months after the effective date equal to the number of monthly payments. T understand that this particular insurance may not provide coverage for my last few payments, and that during that period of time i will not have any insurance coveragr..411 benefits and proceeds of the insurance will be aid to you or to a financial institution or a bank if it purchases the Sales Contract to the extent of its interests and any balance will he payable tome. The initial amount of Credit 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 Contract 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 insurance policy or certificate, Credit Accident and Health Insurance is for the benefit amount of is 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 1 have to he prevented from working due to such total disability for more than four- teen (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 I as 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 same cases, the entire amount that I owe you. Dye to the maximum amount of coverage stated in the insurance policy. 1 know that any unpaid amount in excess of the insurance coverage will still have to be paid. If the Safes 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 130) days, 1 will receive the certificate of insurance more fully describing my insurance coverage. if the insurance is not accepted by the insurance company. i will receive a refund of the insurance premiums 1 have paid. BUYER: The next twopartigraphs. contain warranties relative to this sale given by us to the financial institution or bank in order for it to buy this con, 't. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES CONTRACT AND MORTGAGE FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys, transfers and delivers to _lam' eT /Ltitl�'i n )J9 $AFL) /l (Assignee) all of its rights, title and interest in and to 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 intake 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 of the goods and services described herein: (4) The cash downpayment shown in this contract was actuall; paid by Buyer and no part of said downpayment was loaned di- reed •• or indirectly by Seller to Buyer: (5) Each Buyer's legally competent to contract: (b) This contract is not and will not be subject to any claim, defense, demand or right Of offset, (7) The execution of this contract and the underlying sales transaction giving rise thereto did not violate any federal of state law, directive, rule or regulation now in effect: (8) in the event that this contract or the underlying sales transaction i> subject to a right of rescission or canceilahon by the Buyer, such rescission or cancella- tion period has expired and neither the sale nor t his contract has been cancelled or rescinded. THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. IN TESTIMONY WHEREOF, the undersitned is an itufbfrrized reprc*�Au+uve of the Seller and has signed below on behalf of the Seller on this — day of The foregoing instrument was acknowledged before me on PACESETTER PRODUCTS ANC. (Seitar) By by the authorized agent of Seller who is My commission expires: k. 7 j ;' -_ - -- /. nog r•r+ Iq ;n�-- - - - --_ �c J [Ml M� r` sn a I NOTAI.Y uYi JESSIE ItL1 Bf C W UGraf� 7�G ' IE77 t2, 198T 7 j ;' -_ - -- /. nog r•r+ Iq ;n�-- - - - --_ �c J [Ml M� r` sn a I