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INVALID PRO' .1SIONS: It any provision oft his ci,Tirr.ici cu iate> the Ia. and , unen;orccahl, the trel! of , III be valid if am pan cf Ln is c0nr7acl require, <br />payment of mortinteresi that, the law permits, the, ou , 1,1 I)6,tihe AShtiotvileci norn me the am,,uril hich the Ia, a[ lo,syou ioetillczl <br />COM.K.ETENUISS OF THIS CONTRACT: Thi,cvntraci,:anonl% he chil4tJ if both poll and I agree in writing. <br />The fol)owinc notice brings o m% attention it <br />rut I ulenchts that I have even when this oabraci is sold to a *I manciul institution or 3 bank, and I should notice that the impor- <br />tance of this provistin is stressed its appearance in ton roint, hold face type: <br />NOTICE 85-4 O <br />This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arising <br />out of this transaction, Including all claims and defenses, are also valid against any holder of this contract. <br />The right to recover money from the holder under this provision is limited to the amount paid by the buyer <br />under this contract. <br />A claim is a legally valid reason for suing the Seller. A defense is a legally valid reason for not paying <br />the Seiler. A holder Is anyone trying to collect for the purchase. <br />INSURANCE CANCELLATION: If I have requested insurance in this parch.se. I may cancel such request for insurance for any reason within iftliaen (15) days from the <br />date of this contract by notifying you or the holder of this contract in w-rizing Ii know that the cancellation of my —verap-01 be iin-anged with the insurance carriers s, and <br />a fill] refund of my prinhurms i together with applicable finance charge u i; i the credited to this contract. <br />PLEASE NOTE: If I have requesied insurance in this purchase, I w dI,.eceli e within thirty I 1 10 1 cim s a cenificateof insurance more fully describing the insurance coverage. <br />I know that if them is any conflict in the coverage or the language of the cerlificate, of insurance and the following Notice IA Proposed Insurance l[hat Iam covered only 10 <br />the extent stated in the foflowing Notice of proposed Insurance I also know that I have insurance coverage only if I ha,e been charged for 11 <br />NOTICE OF PROPOSED INSURANCE <br />I take notice it.-It eaner Credit Life Or Credit Accident and Health Insurance, or both, w dthe applicable to this Sales Contract on the reverse side only it I have chosen <br />it by signing the request for such insurance. This insurance will only ­% er the person siemiric the request at the cost for each type of insurance shown. Subject to cec= <br />unt 0. <br />by itur insurance company, the insurance will he effective as if iiic[3y and will continue only f-, the number of months alter the cnecti,c date equal to the n <br />monthlv payments. I understand that this particular insurance may not provide cove rage for It,' task feu- payments. arid thin during that period tit time I w I! I not have an} <br />insurance coverage. .A 11 heriefits and proceeds of the insurance will he Paid to you or tit a I inanCial in,mution or a hank if it Purchases the Sales Contract to be extent of its <br />interests and any balance will he payable to Inc. The initial amount of Credit Life Insurance is the amount squired to nipav the Tout! of Paymems : thereafter, the insurance <br />decreases b% the amount ni each monthiv, payment on a scheduled 30 day basis. If I am loml Is olb! igwrd or zhe Sale, Contract with a Co-Buyer, and we have both signed <br />the request for Credit Life Insurance. death benefits will be payable onh w ith respect to the first onem us n + we. it Sub test I., exclusion.,. eliminations or waiting period stated <br />in the insurance policy or certificate. Credit Accident and Health insurance is for the benefit ani—ill 01 1; ?Ott Or each month's payrnein for each day trial I am totally disabled <br />due to an injury or sickness while I owe am' payment to you; however. I understand that I have i n be -prevented from w orkme due to such tow disability for more than four- <br />teen (14) consecutive days before the insurance henefit'is paid back it) the first day ,I my total disability I ako know thai I cannot obtain any insurance from . you if I <br />am over 65 years oraW . today. and I also know that the insurance coverage provided to me map contain a maximum amount of Coverage which will not pay m some <br />cases, the entire amount that I owe you. Due to the maximum amount of coverave stated in the msurancr polic%. I know that any unpaid amount in excess of the insurance <br />coverage will still have to he paid. If the Sales Contract is prepaid in fail prior it, the last pav,ment date, any unearned insurance premiums will be refunded to me in the man- <br />ner prescribed by lain. Within thirty t30) days, I will receive the certifiQatr of insuranct, more tulty Jescribmi: m% insurance co% crace If the msuraticc is not accepted by <br />the inlUTAnCL company. I will receive a refund of the insuranct, premiums I have paid <br />BUYER: The next, relative It) this sale Men ',IN Us 7 the I mat-41 InsilmMOTIOT hank in order far it 10 hiii, this contract. <br />two paragraphs contain warranties .0 <br />SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMW SALES C�I:RACTAND MORTGAGE <br />FOR VALUE RECEP.T.D. Seller herch% sell, assigns. conveys, transfer., and delivers to - ItA ft 51 �-1 r'd _'X r U: L-,- <br />(Assignee) all of its nchts, title and mtei-si iriand it� the Installment Sales Contract and Moncalit together with ail liens existing to ccure its payment. and the pro stn <br />encumbered hereby. Assignee is herebN substituted as Mongliget under the Nl­iragr pros-on% of,.tns contract Seller wan;mlt, andrepre-sents. I 1 1 It he, the right to male <br />this assignment; (2t All statements and ficure, in this contract and in the Buyer's -iatemen! are nlaler;aily true and sorect. 1 t ) Trill contras: arose from the bona fide sale <br />of the goods and �.,tccs described herein; 14 1 The cash dowlipaymem shown in this 111at—t — actually paid bl lih-er and no pan of said dounpay ment uas loaned ch- <br />TcctlN or indirectly by Seller 1(, Bu%er: i 5) Each Buyer is itgall% competent to soptrlrcz: (6i This i:ontraict is not and will wi he sumect to any claim. defense. deniandor right <br />of oftsel; 17) The "iiieuvon of this contract and the uricivrls I rip sales transaction giving rise thereto did not % iolatv any federal or state law, directive, rule or regulation now <br />in effect. k8) In the event that this contract or the uqderi� a,, sj)es transaction i, uhiect to a nghl M r-sc!,,ion nr cLncellauon by the Buyer. such rescission In cancella- <br />uon penod has expired and nc-ffier*zhe sale nor m­:4,nIra,I ha, tittli an-elledor , cirlovil THIS CONTRACT IS SOLD BY SELLER WITHOUT RECOURSE. <br />IN" TESTINKINI 'A HERI-01- the under tined is — lit noted rep,e,,nt-I;' III the "'liti and !.-, -.L"tJJ rgifl bereft Of the Seller On this <br />day of Jq-&_ : - - i� <br />The 1crevoine n,trum.Cill u4' tt:,,re ne: Iii, THE PACESETTER CORPORATION rsehe,i <br />_AA;i, _ <br />bt the authon,te agent ,I Se!!,­h­' �Gxus'.L"" 1A QC11 I,& <br />My LIM11111111Ira -%pue' <br />T. Jt�sl <br />L7_ <br />Ex, <br />7 <br />