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payment ofmaxinithea : than thelaiv permits, then ; tyll wi( Ions%havethe rig, Wwcoik,cr from mr the ;' =lko. i lit let; nrerest which the lAwallowsyoiitocollect. COMPLETENIMOFTHIS CONTRACT-. Ellis ctlnract; An e,nIy he changed it both tint and (agree of wnung The following notice brings to my attention the tights that I have even when this ce , rat :okl to a f inancal institution or a bank, and I should tanice that the imp r- lance of this provision is stressed tsv its appearance in ten point. N)"d face type: NOTICE 86- 103057 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 holier 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 cancel such request for insurance for any reason within fifteen (15) days from the date of this contract by notifying your or the holder of this contract in writing. 1 know that the cancellation of my coverage will be arranged with the insurance carrierfs) and a full refund of my premium(,) together with applicable finance charge will die credited to this contract. PLEASE NOTE-, If lhave requested insurance in this purchase. i will receive wi thin thirty (3)t days a certify are of insurance more fully describing the insurance coverage. know that if there is any conflict in the coverage or the language of the certificate of in' and the toltow•in Notice of Proposed Insurance that I am covered only to the extent stated in the following Notice of Proposed Insutancc. I'also know that 1 have insurance coverage only if I have been charged for it. NOTICE OF PROPOSED INSURANCE 1 take notice that either Credit Life or Credit Accident and Health insurance. or bath. will be applicable to his Sales Contract on the reverse side only if 1 have chosen it by signing the request for such insurance. This insurance wdl only cover rite Person signing the request at the coo for each 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 to the number of monthly payments. 1 undemand that this particular :rsurance mutt' not provide coverage for my last few pavmcnts. and that during that period of time 1 will not have any insurance coverage. All benefits and proceeds of Qtr insurance will be paid to you or in a financial institutwn or a bank it 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 ( nsurance is the amount required to repay the Total of Paynients; thereafter, the insurance decreases by the amount of each monthly payment on a scheduled 30 day basis. If 1 am )vloth 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 fires 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 an cunt of I :'30th of each month's payment for each day that I am totally disabled due to an injury or sickness white I owe any payment to you: however. I undenr tnd that (have to be pprrevented iron: working dice to such total disability for more than four- teen (14) consecutive days before the insurance benefit is (raid back to the first day of inv total disability. I also know that I cannot obtain any Insurance from you if I am over 65 years of age today, and I also know that the insurance coverage provided io me may contain a maximum amount of coverage which will not pay in some cases, the entire amount thai I owe vou. Due to the maxmmm 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 Sales Contract is prepaid in full prior to the last payment date, any unearned insurance premiums will he refunded tone in the man - nerpreseribed bylaw. Within thirty (30) days. I will receive the certificate of insurance more fully descnbing v insurance coverage. If the i%urance is not accepted by the insurance company. I will receive a refund of the insurance premiums (have paid [�� -f�� j Lr f �^ p }� t� f. BUYER: The next two paragraphs contain warranties relative to this sale given by u5 to the rhte `ncia msPtulitAm or b`a'n�-'to ixt r r t[ t buy t is c ac . SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES C0 RACT ANDg MORTGAGE FOR VALVE RECEIVED, Selter hereby sells, assi ms, aini eys, iransfers and delivers to �� i l`PRl�i Lt�r . it a J, r`�11 (Assignee) all of its rights, title and interest in and to the Installment Sales Contract and Mortgage• together with all liens existing to secuy its payment, and the property encumbered herebv..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 nn f m the Buyer's staixmeni are ina[eriall� we and correct; (31 This con tract arose from the txma fide sale of thr goods and services described herein, (4)'Thc cash dowmpayrnent shown in tills contract was actnal(y paid by Royer ante no part of said downpaytnent was loaned di- rectlyy" orindirectly by Seller to Buyer, (5) Fnch Buyer is IegaI" competent to cmirract; 16) Tttis cunvaa is inn and wall not be subject to any claim, defense, demand yr right of offset: (7) Thu execution of this .. ^ontrac[ and the undertytng >ates tranwctivn giving nag thereto did rev[ violate any federal yr state law, detective, Wile or regulation now in effect; (,g) In the event that this caiaact ,x the undcrhtng sales transaction is subteen it. a fight of rescission or cancetfatirn by ehe Buyer, such rescission or caricelfa- tion period has expired trial neither the sale nor this contract has heJgAi cancelled or rescinded THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. IN TFSTIMONY WHEREOF, the undem ned 1, ayaut¢t e i mpreseytiMi%c of the Seller and has signed below on behalf of the Seller on this day of The foregoing instrument was acknowledged he THE ETTER C/ QRPOR 'S�ner> " ' f _, r by the authorized alien: yj SgiJ.er tthn u. - My commission expires aC11EaM "Thar - fiat, I II014011 JESSE C. GILBOW Yyjis ttuBtx�I r�-r - y+!- ..Jf /*