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The following notice brin r to my attention the rights that 1 have even when this contract is sold to a financial institution or a bank, and I should notice that the impor- tancz of this provision is stressedy its appearance in ten point hold face type: NOTICE 85-- 00535 This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arising out 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 cairier(s) and a full refund of my premmmi s) together with applicable finance charge will he credited to this contract. PLEASE NOTE: if I have reqquasted 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 contlict in the coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that I am covered only to theexteni stated in the fn:lowing Notice of Proposed insurance. l also know that 1 have insurance coverage only if 1 hate been charged for it. NOTICE OF PROPOSED INSURANCE 1 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 1 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 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 Loft number 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 1 will not have any insurance coverage. All benefits and proceeds of the insurance will he paid 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 Inc. 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] 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 first one of us to die. Subject to exclusions, eliminations or waiting period stated in the mwrance policy or certificate, Credit Accident and Health Insurance is for the benefit amount of 1 30th 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] have to be prevented from working due to such total disability foE more than four- teen t 141 consecutive days before the insurance henefit is paid back to the first day, of my total disability. I also know that I cannot obtain any townnce from yyam if I am ever 65 years of age today, and 1 also know that the insurance coverage provided tome may contain a maximum amount of coverage wh1ch will not pay 6t some casts, tbeetdre amount that 1 owe you. Dine to the maximum amount of coverage stated in the insurance policy. I know that any unpaid amount in excess of t}te insurance coverage will still have to he 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 - nerprescnbed by law. Within thirty C41) days, I will receive the certificate of insurance more fully describing m insurance coverage. If the insurance is not accepted by the insurance company.) 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 hank in order for it to buy this contract. SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMEIT AL S CONT�A�T AN M TGAG FOR VALUE RF.CEI TD, Seller hereby sells , oast ms, comreys, transfers and delivers to J ��ji 'Y�,( l i Assignee) all of its rights, title and interest I and to the installment Sales Contract and Mortgage, together with all liens existing to ecure i aymem, and the property �'. encumbered herchc. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants and represents; (1 i It has the right to make this assignment, I �) .411 statements ati:l figures in this contract and in the Buyer's statement are material)), true and correct: (3) This contract arose from the bona fide sale of the good, and services descrihrd herein: fit The cash downpayment shown in this contract was actually, paid by Buyer and no pan of said downpayment was loaned di- recd or indurciiy by Seiler w Buyer, l5) F:ach Buver is legally competent to contract; (6) This contract is not and will not be subject to any claim. defense. demand or right of offset; t') The execution of this contract and the underlyine sales transaction giving rise thereto did not violate any federal or state law. directive• rule or regulation now in effect: i8l In the event that this contractor tie underlying sales transaction is subject to a right of rescission or cancellation by the Buyer, such rescission or canceila- orm pened has expnrd and neither tlx ,:de not this e.mtraci has been cancelled or rescinded. THIS CONTRACT IS SOLO BY SELLER WITHOUT RECOURSE. IN' TEST RION) 'A H Ri 0F. th undeaigncd Ls i at io /rize_d repres t /ivai+ -the Seller and has signed below on behalf of the Seller on this day of ------ - -- --- -- -:�` /.-1 _J .19. -d T- The toreg +ring mstrumem seas aeknowledgcd hetine Tile nn _ THE PATTER CORPORATION lee) Bs74�� by the authontcd agent .,t Seller oho ,. { Z yv Dlnmisslonexnirc-, GEMEttAtNOlARY– $httodNe6omb :w "� Z — JESiT C: GTL6C`N .._- wrhr ii �^!n My Comm. Exp. Dec. 12. 1987 1� J F4