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F Norlct This credit contract finances a purchase. All legal rights which the Buyer has against the Seller arising out of this transaction, including an claims and = ill I a s, 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 1 have requested insurance in this purchase. I may cancel such request for insurance foram• reason withinfifteen (15) days from the date of this contract M notifying )tau or the holder of this contract in writing. I know that the canceliati!n of my coverage will be arranged with the insurance carrier(s) and a full refund of my prrmium(s! togetherwith applicable finance charge w it I he credited to this contract. PLEASE ?VOTE: If t have rreegqtxsled insurance in this purchase. I will receive within thirty On) days a certificate of insurance more fully describing the insuranceeoverape. 1 know that if then is am' conflict in the coverage or the language of the certificate of in' nsurance and the following Notice of Proposed. insurance that i am covered only to the extent stated in the following `Notice of Proposed insurance. l also know that I have insurance coverage only if] have been charod for it. NOTICE OF PROPOSED INSURANCE 85... �QpQg{� 1 take notice that either Credit Life or Credit .occident and Health Insurance. [x Mxh, will be applicable to this Saks Contract on the reverse side ordy if t have chosen 11[b), si&ning The request for such insurance This miurame will only cover the per. stgnmg the request at the cost fx,reach type of insurance shown. Subleetto a nano by the msutance company. the insurance will he effective as of today and will continue only for the number of months after the effective date equal to the wwtier of mmahly payments. I understand that this particular insurance ma trot provide coverage for m}' 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 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 he pavable to tree The initial amount of Credit Life Insurance is the amount required to repay the Total of Payments. thereafter, the insurance deciemes by the amount of each mtmthly payment on a scheduled 30 day basis. 111 am jointly obligated on hie Sales Contract with a Co-Buvrr, and we have both signed the request for Credit Litre insurance. death benefits will he payable only with respect to the fist one of u_c to die. Subject to exclusions, eliminations or waiting period slated in the insurance policy or certificate. Credit Accident and Health Insurance is forthe benefit amount of I %3oth of each month's payment foreach day that i am totally disabled dtic to in injure or sickness while I owe any payment to you: however. I understand that 1 have to be prevented from working due to such total disability for mote than four- teen t 141 consecutive days before the insurance henefit is paid hack to the first day of my total disability I also know that I cannot obtain any inaaranee from yw If I as em 65 years of age today. and I also know that the insurance coverage provided io me inky contain a maximum amount oreoverage which will cat pry is awe tails, the entire amount that 1 owe you. Due to the max imum amount of coverage stated in the insurance policy. I know that any unpaid amount in excess of the insurance coverage will still have to he bald lithe Sales Contract is prepaid in furl prior to the last payment date. any unearned insurance premiums will be refunded to the in the man- ner prescribed by law Within thim i (u days. I will recetre the certificate of msurunce more filly descnbmg ntv insurance coverage. if the insurance is not accepted by the insurance company. I will receive a rotund of the insurance premiums i haye paid +,� BUYER: The next tun paragraphs contain warranties relative to this ale given by us to the find 1 mrtsmtMxb3ttkiTYtri tt hrb fyt Y SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLMENT SALESyC NTRACT ANQ MORTGAGE 3 FOR VALUE RECEIVED, Seller hereby wik. assigns. conveys, transfer, and deliyen to -Pd D11(i �% 0n /"'I %�.(_p/14 i L!i(��•+l�(/ Assi_smee) all of its rights, title and interest m and to the Installment Sales Contract and Mortgage: together with all hens existing to re in:_ ts payment, and the prolreny encumbered hereby. Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract Seller warrants and represents; f 1) h sn has :he right to ake this assignment; (_) All statements and tigures in this contract and in the Hi ver's statement are maternally true and c•r a. t3) This contract anne from the bona fide sale of the goods and services described herein. 14) The cash downpayment shown in this contract was actually paid by Buyer and no part of said downpayment was loaned di- rectly or indirectly by Seller to Buyer: i5; Fach Buyer is legally competent in contract: (b) This cotract is mac and will not be subject to any claim. defense. demand or right F of offset. 17) The execution of this contract and the underlying sales transaction giving rise thereto did not violate any federal or state law, directive, rule or regulation now ` in effect: (8) In the event that this :ontr::a nr the and fymg sales transaction me subject to a right of rescission or cancellation by the Buver, such rescission or cancella- tion pentad has expmrd and neither the sale rein thus ii rust his been cancelled or rc sanded THIS CONTRACT IS SOLO BY SELLER WITHOUT RECOURSE. IN TESTIMOVl )AHEREOE. the tin d authcwed rep e of the Set let and has signed below or behaif of the Seller nn this day of The foregoing mstrunicnt was act n •w!rd. ^rd belnir m _ _ -- -- -- THE PA ER CO ORAT t r hx the authur:red agent of Sdkr who My�irmmasnmr pier. R#WLLMIR - ttNasl Mslwi ~—� _ t JA D. MXAN s it i - - li, FANatt:fxO:Itarstrl8rl9l6 — -- -- - Cew o i