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The folowing notice brio s hi my attention the rights that I have even when this contract is sold to a financial institution or a hank, and 1 should notice that the iinpir- tance of this provision is stressed by its appraratwc in ten point, hold face type. NOTICE 86-105409 This credit contract finances a purchase. All legal rights which the Buyer has against the SHIN' anal (' out of this transaction, Including all claims and defenses, are also valid against any holder of this ( The ri � recover money from the holder under this provision is limited to the amount paid by the buyer under, A tin is a legally valid reason for suing the Seiler. A defense is a legally valid reason for not paying the $SIIK. A holder is anyone trying to collect for the purchase. ROMANCE CANCELLATION: if i have requested insurance in this purchase, 1 may cancel such request for insurance for any reason within fifteen (15) days from the date of this contract by notifying you ex the holder of this contract in writing 1 know that the cancellation of my coverage will he arranged with the insurance cattier(%) and a full refund of my premium(s) together with applicable finance charge will be credited to this contract. ir'I,BASLr !gOTF.e if t have requested insurance in this p1111 °hose, I will receive within thirty (30) days 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 the certificate of insurance and the following Notice of Proposed Insurance that I am covered only to the extent stetted in the f4lowing Notice of Proposed Insurance. I also know that i have insurance coverage only if I have been charged for it. NOTICE OF PROPOSED INSURANCE I take notice that either Credit life or Credit Acs }dent .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 wail only cover the person signing the request at the cost for each typ_ 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 numtthly payments. i 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 coverage All benefits and proceeds of the insurance will 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 an} hatance w °Ili he payable to rrx 'rhe initial amount of ( redit Life insurance is the amount required to repay the Total of Payments; thereafter, the insurance dectseaws by the arrioitnt of each rrxnthly payment on a rheduled 3o day basis. If 1 am jointly obligated on the Sales Contract with a Co- Buyer, and we have both sighed the request ffotr Credit life insurance. death benefits will he payable un)y wadi 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 1, 30th of each month's payment for each day that 1 am totally disabled ii to to an injury a sickness white I owe any payment to you, however, I understand that 1 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 *,he first day of my total disability. I also knout that I cannot obtain any insurance from yo. i! I an over 65 yews of age today, and I also know that ttw insurance coverage provided to me may contain a maximum amount of coverage which will not par in Howe eases, the euth-e amount that 1 owe you. Due to the max Inium amount o c overage stated in the insurance policy. I know that any unpaid amount in excess of the insurance coverage will still have to he paid. If the Sales Contract r, prepaid In full prior io the iaat paymtcnt date, any unearned insurance premiums will be refunded to rte in the man - nerpmscribed by law. Within thirty i +(i) days, i will sea cave the crtihc ate of insurance more fun descrihi my insurance cover• e. If the insurance is not accepted by the insurance company. I wits receive a refund ofthe insuiance txemiurris I have paid Q Q G m n Cz BUYER: The next two paragraphs contain warranties ret;%Uve u, this sate f,aven liv its to the financial institution or bank i order�ar�tt t`o'��u``y thts contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES CONTRACT AND MORTGAGE FOR VALUE kFCEItiED, Salter Hereby ,ells. sear gtree. conveys, %ransfcrr anti delivers io t�.Q1? rt.,1 -�� (Assi free) all of its rights. title and interest in and to the tw4talinvent sales 4- crntracr and Mortgage together with alt liens existing to ere the prapert}' (Assignee) hereby. Assignee is hereby substituted as Mortgagee unties the 'cf+!rtcaetc provisions of able contract Seiler warrants ;and represents: (1) It has the right to make this assignment; (1) All statements and figures in this contras t and i,i ,fie 8u.f r ,statement are raateraifv true and correct: (3), This contract arose from the bona tide sale of the gtxids and srnices described herein, teat The cash downpayntrt!t .hov n in this contract was actualfv paid by Buyer and no pari of said downpaytnent was loaned di recd or indirectly try Seiler to Buser. (5) Each Buyer is legally competent it) !ntraO. t i, t This contract )s not and will not be subject to any claim, defense, demand or right of offset: (') The execution cif this contract and the underlying ,ales tramactu n gi Inp rice thereto did not violate any federal or state law, directive, rule car regulation now in effect; (8) In the event that this contract or the underlying sales transactic r. is subject to a right ; ?f rescission or cancellation by the Buyer, such rescission cr cancella- tion period has expired and neither the sale nor this contract has :- n c uic e: i leti or rescinded THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. IN TESTIMONY WHEREOF the unders,gne a orizrd reps alive of the Seiler and has .Igneci below on behalf of the Seller on this - - - - -- - - - -- -- day of I y The foregoing Instrument was acknowledged hefore me ern `- „J PACES PRODUCTS, INC. ) by the authorized agent tit Seller who is __ 4 My commission expires .._. r... Y".i: Vi; i}r_. �? 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