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I—" "wu my atzaplRat at it7 to I U-11 in 11H�. I it Yak Type ett 65-002929 ii�E This r act fhunces a purchase. All legal rights which the Buyer has against the Seller arising OW 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 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 (15) days from the 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 premium(s) together with applicable finance charge will be credited to this contract. PLEASE NOTE: If I have requested irigimmce in this urchase. 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 & coverage language of the certificate of insurance and ine foHowmg Notice of F'roposed Insurance that I am covered only to the extent stated in the f0flo•ing Notice of Proposed Insurance. I also know that Thave insurance cwrrage 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 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 r,-quest at the cost for each type of insurance shown. Subject toacce acceptance by the insurance company, the insurance will he effective is of today and will continue only ior Ole number of months after the effective date equal to the number of monthly payments. I understand that this particular insurance may not provide coverage for n-, last few payments, and that during that period oftime I will not have any insurance coverage. All benefits and proceeds of the insurance will be paid to you or to a financial institution ma 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 ay the Total of Payments; thereafter, the insurance decreases by the amount of each monthly payment on a scheduled 30 day basis. If I am jointly obligated on the Sales Con'tract with a Co-Buyer, and we have both signed the request for Credit Life Insurance, death benefits will be payable only with res ct 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 Heafth Insurance is for S; benefit dm-cant of I "30th of each month's payment for each day that I am totally disabled date to an injury or sickness while I owe any payment to you: however. I understand that I have to be prevented from working due to such total disability for more than four- teen (14) consecutive days before the insurance rienein is paid itiock to ilor 1-1il ..V 11, • isability I sko know that I cannot obtain any insurance from you if am over 65 years of age today, and I also know that the Insurance coverage provided to me may contain a maximum amount of coverage which wifil not pay m some cases, the entire amount that I owe you. Due to the maximum amount of coveragc 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 will receive the 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 IN�TA LME T AALES CONTRACT FOR VALUE RECEIVED, Seller hereby sells, assigns conveys, transfers and delivers- to I.- I I OA and to the Installment Sales Contract, together with all liens existing to secure itsMent. and—the property encumbered all of its rights, title and interest in . o A ) I cla (1) It has the right to make this assignment 12) Al ll statements and figures in this contract an Mhe Buyer's statement are materially !.Assignee) eb Seller warrants and represents, true and correct*. (3) This contract arose from the bona fide sale of the &oo)ds and services described herein: (4) The cash downpayment shown' in this contract was actually paid by Buyer and no part of said downpayment was loaned directly or indirectly by Seller to Buyer 15) Each Buyer is legally- 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 underlying sales transaction giving rise thereto did not vio- late any federal or state law, directive, rule or regulation now in effect: (8) In the event that thus contract or the underlying sales transaction is subject to a right ofrescis- 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 SOLD BY SELLER WITHOUT RECOURSE. iN"TESTIMONY WHEREOF, the under igned is R as repres7u! the Seller and has signed below on behalf of the Seller on this day of __ j 19 The foregoing instrument was acknowledged before nlpA)n PACE-SE eO RODUCTS INC _ be the authorized agent of Seller wh( is �v My commission expires: GENERAL NOTARY - S I a Is of Ne bra Still u :JESSIE C. GILBOW C Dec. 12, 1987 ART