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f t . taon't ngaea payment when due: or 2. 1 ~Meat any promise i made toyou in this contract. or 3. Something else happens which causes you to beiieve in good faith that 1 do not intend to pay you as promised, or 4. i default on any obligations fixwhich Iam using my home ascol lateral;or c /� 5. Something happens to my house which thmmensyourrights.ifany,init. 86-- 31121 IF I AM IN DEFAULT: I understand that you have flit right to f,xaclose the Mortgage 1 have given to You and have my house sold to repay any amounts I owe you if I 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, or to protect yyo�ur rights, I agree to pay you for your reasonable attorneys' fees and for other related expenses such as court costs, title searches and money you expended to protect my lionise; of you are allowed to collect such amounts by law. 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 without losing them. We can also use any rights now or to the futtae given to us by law. DELAYS: I know that you will use your best efforts to install the ptnducts I am purchasing on my house, but i also understand that in some situations you nta9 encounter delays the are caused by strikes, weather conditions, delays you have in obtaining materials, or tor other reasons that ate beyond your control. I understand that you will not be liable for such delays. ARBITRATION: If I have a dispute or claim with you concerning the quantity, quality or performance of the products, l understand that my dispute may be submitted to and settled according to the mediation- arbitration program that may have developed in my community. 1 also know that any decision made by an arbitrators) would be en- tered in the court having jurisdiction over me and you. SALVAGE VALUE: i know that the windows, %;n dwork, siding. brick and other material~ that have w he removed hs you for this inaalianon have NO salvage value. When you remove t hem. you can have them for whatever purpose you csant SPECIAL SITUATIONS: i W to the uniqueness of some of the Products that you sell, l understand that in special situations that your Regional Office may have to review and accept this contract. I also understand float this sale occurred to my home and that you and I map not have, had all the correct information important to this transaction aourfmgertips l i veyoumyconsentt ocorrectanyobviouserrotsthatmayhaveoccurredwhentheblanksin this contract were completed. INVALID PRt Ii' 9ny provision of this contract. violates the Taw and is unenforceable, the rest of the contract will be valid. If any part of this contract requires payment ofmote interest`than the law permits, then you will only have the right to collect from me the amount of interest which the law allows you to collect. COMPLETENESS OFTHLS CONTRACT: This contract can only be changed if both you and I agree in writing. The following notice bringgs to my attention the rights that I have even when this contract is sold to a financial institution or a bank, and 1 should notice that the impor- tame of this provision is stressed by its appearance in ten point, bold face type: 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 Seller. A holder Is anyone trying to collect for the purchase. INSURANCE CANCELLATION: If f have requested insurance in this purchase, l may cancel such request 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 thai the cancellation of my coverage will be arranged with the insurance carrier(s) and a full refund of my premiums) together with applicable finance charge will be credited to this contract. PLEASE NOTE: If 1 have requested insurance in this Purchase, l will receive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. I know that if there is anv conflict in the coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that I am covered only to the extent stated in the following Notice of Proposed insurance i also know that I have insurance coverage only if l have been charged for it. NOTICE OF PROPOSED INSURANCE I take notice that either Credit Life or Credit Accident and Health Insurance, or both, will be applicable to this Sales Contract on the reverse side only if I have chosen it by signing the request for such insurance. This insurance will only cover the nerson 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 only for the number of months after the effective date equal to the number of monthly payments. I understand that this particular insurance ma not provide coverage for my last few Payments, and that during that period of titre I will not have any insurance coverage. All benefits and proceeds of the insurance wifl be Paid 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 be payable to me. 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 bah 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 orcertificate. Credit Accident and Health insurance is for the benefit amount of 1 i30th of each month's payment for each day that i am totally disabled due to an injury or sickness while 1 owe any payment to you; however, l understand that d have to be 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 am over 65 years of age today, and 1 also know that the insurance coverage provided to me may contain a maximum amount of coverage which will cwt pa) In some cases, the endre amount that I awe you. Due to the maximum amount of coverage stated in the insurance policv. I know that any unpaid amount in excess of tie 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 - tterprescribed by law. Within thirty a re undo. I will receive the certificate have insurance more f Izibimy insuraice cove ee elance i n1 by the msaam:e company, i wilt receive a 0) day of the insurance premiums 1 have paid. �suran-c c�;. BUYER: The next two paragraphs contrt warranties relative to this sale given by us m the arn o k n de o tt to y t is con a t. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES C NTRACT AN0 MORTGAGE FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys, transfers and delivers to �i� � 0 A A 11 U Q I (Assignee) all of its rights, title and interest in and to the Installment Sales Contract and Mortgage, together with all ran s existing to#ccure 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 make this assignment; (_) 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; 14) The cash downpayment shown in this contract was actually paid by Buyer and no part of said downpayment was loaned di- recfl or indirectly by Seller to Buyer; (S) Each Buyer is legally competent to contract; (6) This his contract is riot 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 net violate any federal or state law, directive, rule or regulation now in effect; (g) in theyvent that this contract or the underlying sales transaction is subject to a right of rescission or cancellation by the Buyer, such rescission or cancella- tion period hasexpired and neither the sale nor thiscontractIt bee ancelied or rescinded. THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. IN TESTIMONY WHEREOF. the undeisngned is im Zzy�repre 9tive of the Seller and has signed below on behalf of the Seller on this day of l� The foregoing insuui:tent was acknowledged ttetorc ire t _ -__ THE PACESETTER C0PPORATi0K by the authorized agent of Seller who is Mycommissionexpires �— -- , e cur 7 3F �i �,1