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Lance of this provision is stressed by its appearance in ten point, nets race type: 001781 NOTICE This credit contract flnencee a purchase. All legal rights Anhe Buyer has against the Sailor arlai out of this transaction, including all claims and defenses, are also valid against any holder of this trorttr .. 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 Sailer. A defense Is a legally valid reason for not paying the Sailer. A holder Is anyone trying to colkict for the purchase. INSURANCE CANCELLATION: ff I have requested insurance in thispurchase, I may cancel such request for insurance for any reason within fifteen (15) days from the dw of this cataract by nod�fytag you or the holder of this contract in writing.1 know that the cancellation of my coverage will be arranged with the insurance caaws) and a hull refund of my pmmiurZ together with applicable finance charge will be credited to this contract. PLEASE NOTE: If I have requested insurance in this pttrchue, I will receive within thirty (30) days a certificate of insurance more fully describing the insurance coverage. 1 know that if there is an conflict in the coverage or the language of etx certificate of insurance and the following Notice of Proposed Insurance the I am covered �I a the exterht ata� in tie following Notice of Proposed insurance. l 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 Saks Contract on the reverse side only if f have chosen it by aiming the wryest for such insurance. This insurance will only coverthe persmh signing to 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 sum6ar of monthly payments. 1 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 d to you m to a fmanchal 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 Cr�it Life Insurance is the amount required to repay the Total of Payments; thereafter. the insurance decreases by the amount of each monthly payment on a scheduled 30 day basis. If I am ''omay obligated on the Sales Contract with a Co-Buyer, and we have both sign the request for Credit Life Insurance, death benefits will be le able only with respect to the first one of us to die. Subject to exclusions, eliminations or waiting period stated in the assurance policy or certificate, Credit Accident and Health Insurance is for the benefit amount of 150th of each month's payment for each day that I am totally dish die to an injury or shClaseas while I owe any payment o you; however, l understand the I have to be vented from working due o such total dipbility for more tarn four- teen (14) consevtve days before the insurance benefit us paid back to the first day of my twat di fifty. I abo know tit I eamet oMafn ani ham � I am entr iS yams otage today, and I two kaew tbu the inwnnce covuernge ptmMed to rte say rnntain • madman steam! dcoverage w�ch w61 n� pa' dame cases, the eatlre esomt that I iwe year. Due to the maximum amount of coverage stated in the insurance policy, I know het any unpaid amount ran exceu of the hnauraike roverage will still have to be paid. if the Saks Contract is prepaid in full prior to the last payment date, any unearned insurance premiums will be tefinnded o me it tx mar Per prescribed by law. Within thuty (30) days, I will receive the certificate of insurance more fully describing my insutannce coverage. If tax insurance i< not oxxpted by the insurance company, l will receive a rotund 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 contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES CONTRACT AND MORTGAGE FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys, transfers and delivers to � Fi ci h �h v i� 1 1 C'[1 SS C- C y 1 Le-s� (Assignee) all of its rights, title and interest in and to the Installment Sales Contract and Mortgage, together with all liens existing to secure its pa t, ate! the property encumbered hereby. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants and represents; (I) It has the right to make E- assSgnment (2) All sustain rats and figures in this contract and in the Buyers statement are materially true and correct, (3) This contract sox from the born fide cede of tine goods and services described herein; (4) The cash downpayment shown m the contract was actually paid by Buyer and no part of said do yrnent was loaned di- recty or indirectly by Seller to Buyer; (S) Each Buyer is legal ly competent to contract; (6) This contract is not and will raw be subject to any claim, defense, demand or right of offset, (7) The exec ution of this contract and ilex underlying sales transaction giving rise thereto did not violate any federal or state law, directive, cute or regulation thew in effect; (8) !n the even that this contract or the urh�rlying sales transaction is sub)ect to a right of rescission or cancellation b�y �tth��e�� B�uyye�r* such rescission or cancetla- tion periadhas expiruxland neither the sale nor this contract has lien cancelled ornescirded. nil CONTRACT 1S SOLD BY SEU ER ti1TNBYT RECOdRSE , IN TESTIMONY WHEREOF, the undersigned is an authorized represe�n�tative of the Seller and has signed below on behalf of the Seller on this 2 �r - day of A n is i. — .19_5. The lforegoing � iinswntent was acknowledged before me on Q ( PACESETTER PRODUCTS, INC. (sel ary/% //. r'YrB y by the authorized agent of Seller who is ' 1 My commission expires: aaaaaat JESSIE C. GIL@()pr /`1.Wy Public Mr 7