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N 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. 0 s This credit contract franca a purchase. All legal rights which the Buyer has against the out of this transaction, Including all claims and defenses, are also valid against any homer of this The right to recover money from the holder under this provision Is limned to the amount paid by the buyer under this contract. A cam Is a legally vat reason for suing the Selma. 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 hokler of this contract in writing. I know that the cancellation of my coverage will be arranged with the insurance carria(s) and a fun refund of my pmn_dU rt(s) tigetho with &W cable finance charge will be credited to this contract. PLEASE NOTE: If I have requested insurance in this p=hase, 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 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 1 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 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 e 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 �f 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 co All benefits and proceeds of the insurance will be paid to you or to a financial institution or a bank if it purchases the Sales Contact 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 mouhly payment on a scheduled 30 day basis. If I am jointly 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 fast one of us to die. Subject to exclusions, eliminations or waiting period ataed in the insurance policy or certificate, Credit Accident and Health Insurance is for the benefit amount of 1130th of each month's payment for each day that I am totally disabled due 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 mote 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 comet et obtain say i ore tram If I am own 65 years of age today, and I also know that the insurance coverage provided to me may contain a maximum amount entcoverage which will not pay ion case s, 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 MumsurnKx coverage 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 refunded to me in the man - nerprescnbed 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 waranties 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 INSTALLMEI�(T SA ES CONT ACT AND RTj¢A6E FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys, transfers and delivers to ��T K CA-fl tt-- (Assignee) an of its rights, title and interest in and to the Installment Sales Contract and Mortgage, together with all liens existing to skure its pa t, and the property and represents; ( I encumbered hereby. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants It has the right to make this assignment; (Z) All statements and figures in this contract std fen the Buyer's statement are materially true and correct; i3) This contract arose from the bona fide sale of the goods and services described herein; (4) The cash downpayment shown in this contract was actually paid by Buyer and no pat of said downppaaynent was k"W di- recty orindirectly by Seiler to Buyer; (S) Each Buyer is legally competent to contract; ((s) This contract is rot std will not be subject to any claim, defense, demand or right of offset; (7) The execution of this contract and the urhderlying sales transaction giving rise thereto did not violate any federal or state law, directive, rule or regulation now in eftect; (8) In the event that this contract or the underlying sale: transaction is subject to a right of rescission or , ancellation by the Buyer such muissimt or ea cella- tion period has expired and neither the sale nor this cdmtract has bat cancened or rescinded. THIS CONTRACT IS SOLO SY SELLER MIITINWT RECOURSE. IN TESTIMONY WHEREOF, the undersigned is an a ve of the Seller and has signed below on behalf of the Seller on this day of r d .1 The foregoing instrument was acknowledged before me PACE R PRODUCTS, /J 19 B by the authorized agent of Seller who is ` MV cornmission expire 601* i tr6TAaT -dish N tsetFrd►mm!s �:... Me Carta. Exp C. 12, 17 01 i V �ff