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SALVAGE VALUE: l know that the windows, woodwork, and other materials that have to be removed by you for this installation have NO salvage value. When you re- move them, you can have them for whatever purpose you want. SPECIAL. SITUATIONS, EKM to the uniqueness of some of the products that you sell. I understand that in special situations that your Regional Office may have to review and accept this contract 4 SA0 tutderstand that this sale occurred in my home and that you and I may not have had all the correct information important to this transaction at our fingertips; ['give you my consent to correct any obvious errors that may have occurred when the blanks in this contract were completed. INVALID PROVISIONS: if any provision of this contract violates the law and is unenforceable, the rest of the contract will be valid. If any pan of this contract requires payment of more interest than the law permits, then you will only have the right to collect from me the amount of interest which the law allows you to collect, COMPLETENESS OFTHIS CONTRACT: This contract can only be changed if both you and I agree in writing. The following notice brings to my attention the rights that i 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: NOTICE 85-001975 This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arlsl out of this transaction, Including all claims and defenses, are also valid against any holder of this 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 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 Q 5) days from the date of this contract by notifying you or the holder of this contract in writingg i know that the cancellation of my coverage will be iirranged with the insurance carrier(s) and a full refund of my premium(s) 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 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. 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 acceptarice 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 numbes 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 be id to You 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 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 ointly obligated on the Sales Contract with a Co- Buyer, and we have both signed the request for Credit Life Insurance, death benefits will be payable only with 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 11(hh of each month's payment for each 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 he prevented from working due to such total disability for more than four- teen (14) consecutive days before the insurance benefit is paid back to the first day of my total disability. I also know that I cannot obtain any insurance frosts yoe ii I � p� 65 y� ofage today, and I also know that the insurance coverage provided to me may contain a maximum amount of coverage which will not pt7 6t setae can, the entire amount that I owe you. Due to the maximum amount of coverage stated in the insurance policy. I know that any unpaid amount in excess of the insurance coverage will still have to be paid. If the Sales Contract is prepaid in full prior to the last payment date, any unearned insurance premiums will be refunded to me in the man- ner prescribed by law. Within thirty (30) days, I wdl receive fhe certificate of insurance more fully describing my insurance coverage. If the insurance is not accepted by the insurance 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 contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALES CONTRACT AND MORTGAGE FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys, transfers and delivers to 1 L E (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 payment. and the property encumbered here . Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants and rep msents; (1) It has the right to make this assignment; (_) All statements and figures in 5' ontract and in the Buyer's statement are materially true and cornier; (3) This contract arose from the bona fide sale of the goods and services described herein; {4 i The cash downpayment shown in this contract was actually paid by Buyer and no part of said downpp�ayment was loaned di- rect)y 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, �fense, demand or right of offset: execution of this contract and the underlving sales transaction giving nee thereto did not violate any federal or state law, directive, rule or regulation now ui effect, (f3) in the event that this contract or the underlying salef transaction is subject to a right of rescission or cancellation by the Buyer, such rescission or cancella- tion penoti has e!tpired and neither the sale nor this contract has bra can or rescinded. THIS CONTRACT IS SOLO BY SELLER WITHOUT RECOURSE, iN TESTIMONY WHEREOF. the undersigned is a iAorized repres t�tevf of the Seller and has signed below on behalf of the Seller on this ;� J day of _ _ �_ _ _ _. .__ ,,� ,19 The foregoing instrument was acknowledged before me on - PACESETTER PRODUCT$,�NC. (eerier) by the authorized agent of Seiler who is My commission expires. tltMtRM, a81A1►d�itat•of a.�aa� � •°t. ; � s %,� JESSIE t i i r i