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a F I;UMYLC 1 C.^1 i,JJ VC' t H1J I;VPI 11tAl. 1 : i ms contract can only be cnaiige(I it Dole you anti i agree in wtim%. The following notice brings to my attention the rights that 1 have even when this contract is sold to a financial institution or a bank. and I should notice that the impor- tance of this provision is stressed by its appearance in ten point, bold face type: ®®jh09 Q NOTICE �1// This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arlelng out of this transaction, Including all claims and defenses, are also valid against any holder of this corrtratM. 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 mason 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 I 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 twtiffyyins you or the holder of this contract in writing. I know that the cancellation of my coverage will be arranged with the insurance carrier(s) a� a full refund of my premiums) together with applicable finance charge will be credited to this contract. PLEASE NOTE: If I have requested insurance in this purchase, I will receive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. I know that if there is an conflict in the coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that Ion coveted only to the extent stated in the following 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 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 person signing the request at the cost for each type of insurance shown. Subject to 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 of monthly 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 bepaid to ou 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 re pay the Tote! of Payments: thentafter, tie insurance decreases by the amount of each monthly payment on a scheduled 30 day basis. If I am !ointly obligated on the Sales Contrut with a Co- Buyer, and we have birth sigh the request for Credit Life Insurance, death b cc fits will be payable only wrath re spect to the first one of us to die. Subject to exclusions, eliminations or wetting period staff in the insurance policy or certificate. Credit Accident and Health Insurance is for rite benefit amount of 1130th of each month's payment foreach day that I am totally disabled due to an injury or sickness while 1 owe any payment to you: however, I understand that I have to be prevented from working due to such total disability for YOU tech (13) consecutive days before the insurance benefit is paid back to the first day of my total disability . I Man brow that I camM obtain any yy tan over GS years orb today, aIf [also brow that the Insuranece coverage provided to me may contain a maximum ammmt of cove wikh win not pay in c . tIK etrtlre that I owe you Duo to the maximum amount of coverage stated in the insurance policy. I know that any unpaid amotint in excess of the insurance cou will still have to be paid. tf the Saks Contract is prepaid in full prior to the last payment date, any unearned insurance premiums will be refunded to r:e a the rriaa- ra t jxcact bed b� law. Within thirty (30) da }'s, I will receive t1x ccrtrficste of insurance more fully describing my insurance coverage. If the insurance is rrvt by the t company, I will receive a refund of the insurance premiums I have paid. BUYER: The next two paragraphs contain warranties relative to this sale given by us to the financial institution or bank in order for it to buy this totvsct. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES COt4TRACT AND RTGAGE FOR VALUE. RECEIVED. Seller hereby sells, assigns, conveys, transfers and delivers to (Assignee) all of its rights, title and interest in and to the Installment Sales Contract and Mortgage, together with all liens existing to ure its payment, and the property encumbered hereby. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller wairan -and presents: (1) It has the right to make this assignment; (2) Ali 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 =and services described herein; (4) The cash downpayment shown to this contract was actually paid by Buyer and no pan of said down yttem was loath di- ntctly or indirectly by Seller to Buyer, (5) Each Buyer is legally competent to contract: (6) This contract is not and will not be subject to any claim,enre. right of offset; (-,) The execution of this contract and the underlying sales transaction giving rise thereto did trot violate any federal or state law, directive, rule or regulation now in effect: f g) In the event that this contract or the underlying sales transaction is subject to a right of rescission or cancellation by the Buyyer, such Mission or castceils tion period has expired aril neither the sale nor this contract has ban cancelled or rescinded. THIS CONTRACT IS SOLO BY SELLER Wlil�iiT RECOURSE. IN TESTIMONY WHEREOF, the undersigned is an liu[h(114ed repre ive of the Seller and has signed below on behalf of the Seller on this day of ,ig The foregoing instrument was acknowledged before me on PACES R PR ®DLIPTS, INC. By by rite auttsonud agent of So11er who is { F t ` ' .. ' e c t? -• My commission expires. as aOTMY�ftM® nil 3 $ a f 0i s; i