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COMPI. ETI iyF .SSOP'f11ISCONTRA(`I' : This cnrra tcannnlyhechan e.!ittxtl, r ,_,,;Iagreeinwrting.
<br />The following notice bring., to my, attention the rights that I have cyvn rh r :his c ontraci is soli to a financial institution or hank, and i should notice that the impor-
<br />tance of this provision is stresscdby its appearance; n :e i pa not. hold face type:
<br />NOTICE s 038A4
<br />This credit contract finances a purchase. All legal rights which the Buyer has age net the Seller arising
<br />out of this transaction, including all claims and defenses, are also valid against any holder of this contract.
<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 claim is a legally valid reason for suing the Seller. A defense is a legally valid reason for not paying
<br />the Seller. A holder is anyone trying to collect for the purchase.
<br />INSURANCE CANCELLATION: If t have requested insurance n this purchase• t may cancel such request for insurance for any reason within fifteen (15) days from the
<br />date of this contract by notifying you or the holder of this contract in writing. 1 know that the cancellation of my coverage will be arranged with the insurance carrierfs) and
<br />a full refund of may premium( s) togoherwith applicable finance charge will he credited to this comract.
<br />PLEASE NOTE: if i have requested insurance in this Purchase, I will receive within thirty (30) days.: certificate of insurance more fully describing the insurance coverage.
<br />I know that if there is any conflict in the coverage or tiro language of the certificate of insurance and the following Notice of Proposed'insurance that I am covered only to
<br />the extent slated in the following Notice of Proposed Insurance 1 also know that 1 have insurance coverage only if I have been charged for it.
<br />NOTICE OF PROPOSED INSURANCE
<br />1 take notice that either Credit Life (fir Credit Accident and Health Insurance, or both, will lx applicable to this Sales Contract on the reverse side only if) have chosen
<br />it by signing the request for such insurance. This insurance will only cover die person signing the request at the rust for each type of insurance shown. Subject to ac xpptance
<br />by the insurance company, the insurance will x effective as of today ;rod will continue only for the number of months after the effective date equal to the numiter of
<br />monthly payments, i understand that this particular insurance nrav not provide coverage for niy last few payments- and that during that period of time [ will not have any
<br />insurance coverage. All benefits and proceeds of the insurance will he paid io you or to a financial institution ors bank if it purchases the Sales Contract to the extent of its
<br />interests and any balance will be payable to me The initial amount of Credit Life insurance is the amount required u) repay the'i'otal of payments; thereafter, the insurance
<br />decreases b the amount of each monthly payment on a scheduled 30 day: hasis. if I am jointly obligated on the Sales Contract with a Co- Buyer, and we have both signed
<br />the request of Credit Life Insurance. death benefits will be payable only with respect to the first one of us to (lie. Subject to exclusions. eliminations or waiting period stated
<br />in the insurance policy or certificate. Credit Acc idem and Heal th insu ranee is for the henef; t amount of I "30th of each month's payment for each day that 1 am totally disabled
<br />due to an injury or sickness while i owe any payment to you: however• I understand that I have to be prevented from working due to such total disability for more than four-
<br />teen f 14) consecutive days before the insurance benefit is pail; back to the I first day M ern total disability. t also know that I cannot obtain any insurance rrom you irif
<br />am over 65 years or age today, and I also know that the insurance coverage provided tome may contain a maximum amount of coverage which will not pay in some
<br />cases. the entire amount that t owe you. Due to the maximorn amount cv coverage stated in the insurance policy. I know, that any unpaid amount in excess of the insurance
<br />coverage will still have to be paid. If the Sales Contract is prepaid in fill prior to the Lest payment date, any unearned insurance premiums will be refunded to me in the man -
<br />nerprescribed by law. Within thirty (3Q) days, I will receive the certificate of insurance more 1t4 descriMna my insurance overage. if the insurance is not accepted by
<br />the insurance company. i will receive a refund of the insurance premiums i have pain pl�,� 4d n
<br />BUYER: Thenexttwnparagraphscontainwarrantiesrelu[ ivctethissalegnenhyustothef tnanci�s (tluuonorb3nkinorderhntto uvthiscontract
<br />SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES NTRACT A_ND MO ITGA�GE ,
<br />FOR VALUE RECEIVED, Seller hereby sells. a s its, convevs transfer, and delivers to ��__�J.SrcLl1!
<br />(Assignee) all of its tights, title and interest in end ui the Irsrdiment Sal,,s Contract and Mortgage. together with all liens existing se
<br />its payment, and the property
<br />encumbered herebx. Assienre is herebv substituted as Sf rrtgagee under the Mortgage prov i i ins of this contract. Seller warrants and represents, (I) It has the right to make
<br />this assjgnmenl: (_) All statements and figures in this contract and in the Buyers ntatent <nt are mater illy brae and correct; (3)'fhis contract arose from the bona title sale
<br />of the goiods :rod ervic'es described heren: (J) The cash dowtipayment ,ho,.vrt in this contract was actualfy paid by Buyer :rod no part of said downpayment was loaned di-
<br />rectly or indirectly by Seller to Buyer. (5) Each c Buyer is legally competent to contract. (h) This <ontran a not and will not be subject to any claim, defense:, demand or right
<br />of offset; (7) The execution of this contract and the undcrlviag tales t, ansaction III%ing rose thereto did not viofaic any federal or state law, directive, rule or regulation now
<br />in effect; (g) In the event that this contract or the underlying, �;drs rrarteac[inn is subject to a right of rescission or cancellation by the Buyer, such rescission or cancella-
<br />tionperiod has expired and neither the sale n r tt i cnntr c h hacn a rd ri-s,-. ended. THIS CONTRACT iS SOLD BY SELLER WITHOUT RECOURSE.
<br />IN TESTIMONY stON} NHERI O! the under, i n a talon r r< irese �tl(vc o: +hc Sclter and has st ,,,ucd hciuv. ,,n behalf of the Seller on thu
<br />1 Qi�J
<br />day of
<br />The foregoing nstnimem was ae + :norsledged h<• rc r PACES _ArtR PRODUCTS, INC. ;Serer) i
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<br />by the authorized agent kit Seiler who r' e—�
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