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1 r MW CreOn COnIraCT Unances a purcnata6. Hu legal ngreto w146cn 4610 -myo, „aa aya.,.a ............... ....o...a 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 lepily valid reason for suing the Seller. A defense Is a legally valid reason for not paying the Self. A holda'r, Is anyone trying to collect for the purchase. INSURANCE CANCELLATION: if I have requested insurance in this purchase, t may, cancel such request for insurance for any reason within fifteen (15) days from the B date of this contract by notifying 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) and 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 rece ive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. I know that if there' 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 stated in the following Notice of Proposed Insurance. 1 also know that 1 have insurance coverage only if I have been charged for it. NOTICE OF PROPOSED INSURANCE 85. 000639 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 l 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 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 r archer of monthly payments. 1 understand that this particular in, trance 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 w ill be paid to you or to a financial institution or a bank if it purchases the Sales Contract o the extent of its Th interests and any ba}ance will be payable to me. e initial amount of Credit Life Insurance is the amount required to repay the Total of Payments: thereafter, the insurance decreases by the amount of c�h monthly payment nn a scheduled 30 day basis. if i am jointly obligated on the Sales Contract with a Co-Buyer, and we have both signed the re guest for Credit Life Insurance, death benefits will he payable only with respect to the first one of us o die. Subject to exclusions, eliminations or waiting period stated in the Insurance policy or certificate, Credit Accident and Health Insurance is fur the benefit amount of I i 30th of each month's payment forexh day that 1 am trxally disabled due to an injury or sickness while f owe any payment m you: however. 1 understand that I have to be prevented from working due to such total disability for more than fotu- teen (141 cottsecurive days before the insurance benefit is paid back to the first day of my mtal disability. I ado know that 1 cannot obtda aay Itaaratnce from N 1 ttm over 65 years of ttge today, attd I aLa know that the insurance coverage provided to me may contain a ttuuthatttn aatatai of coverage trhich vr� paY same cases, the entire amount that t owe you. Duero the maximum amour.: of coverage stated in the insurance policy, f know thatany unpaid amount in excess of the msuranee coverage will still have i o be paid. If the Sales Contract is pre paid ir, full prior to the last payment date, any unearned insurance premiums will be refunded to the in the man - nerprescnbed by law. Within thirty (30) day. +. I will receive the certirtcate of insurance more fully describing my insurance coverage. If the insurance is not accepted by the insurance company, l will receive a refund f the insurance premiums 1 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 contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INS AL MENT ALES CO ACT FOR VALUE RECEIVED. Seller hereby sells, assigns, conveys, transfers and ielivers to t v Assignee) all of its rights, title and interest in and to the installment Sales Contract, together with all liens ex-isti�g to secure its payment, and the property encumbered hereby. Seller warrants and represents; (1) It has the right to make this assignment: i _ 1 All statements and figures in this contract and in the Buyer's statement are materially true and correct; (31 This contract arose from the bona fide sale of the &Deis and son ices described herein: (4) The cash downpaymem shown in this contract was actually paid by Buyer and no part of said downpayment was loaned directly or indirectly by Seller to Buyer: (5) Each Buyer is healiy competent to contract; (6) This contract is not and will not be subject to any claim, defense, demand or right of offset, (7) The execution of this contract and the underlp rig sales transaction giving rise thereto did not vio- late any federal or state law, directive, rule or regulation now in effect. (R) in the event that this contract or the underfying sales transaction is subject to a right of rescis- sion or cancellation by the Buyer, such rescission or cancellation period has expired and neither the sale nor this contract has been cancelled or rescinded. THIS CONTRACT IS SOLO BY SELLER WITHOUT RECOURSE. IN IESTIMONY WHEREOF, the undersigned is- rued rep native of the Seller and has signed below on behalf of the Seller on this day of - - - - -- -- - - - - -- - - -- ,19 The foregoing instrument was acknowledged het(t) fe o -n _ _f'c PACE R PRODUCTS, l . ( �.. -- -- - -- ' 1,x By :iv the authorized agent of Seller who is,1.— !=_2<Gt_!�� My commission expires: aatuuit N®f Ur -lists M :-* , JESSIE C. GILBOW , - -- - -- - -- _ -- --- dtlnt[fr0:13�:11; wnt - --- ° - - - - -- —., _ �_e