85005892 - Laserfiche WebLink

Browse

Lance of this provision is stressed by its appearance in ten point, titild face ty pc: NOTICE 85- 0 0 5 8 9P_ 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. INSUitANCE CANCELLATION: If 1 have requested insurance in this put-chase. 1 may cancel such request for insurance for any reason within fifteen 05) days from the date of this contract by notif }ing you or the holder of this contract in writing w m i know, that the cancellation of my coverage will be arranged with the insurance caer(s) and a full refund of my premiumis) together with applicable finance charge will be credited to this contract. PLEASE NOTE: If 1 have requested insurance in this purchase, 1 will receive within thirty OM days a certificate otinsurance more fully describing the insurance coverage. i know that if there is anv conflict in the coverage or the language of the certificate of insurance and the following Notice of Proposed Insurance that I ant covered only to theextent stated in the following Notice of Proposed Insurance. l 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 lu this Sales Contract on the reverse side only if l 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 ae of today and will continue only for the 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 my 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 ppaid 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 me. The initial amount of Credil 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 i am Jointly obligated on the Sales Contract with a CO-Buyer, and we have both signed the request forCredit Life insurance, death benefits will be payable only with respect to the first one of us to die. Subject to exclusions, eliminations or waitingpenad stated in the insurance policy or certificate, Credit Accident and Health Insurance is for the benefit amount of I'30th of each month's payment foreach day that I am totally disabled due to an injury, or sickness while I owe any payment to you; however, 1 understand that I have to he prevented from working due to such total disability for more than four. teen (IS) consecutive days before the insurance benefit is paid back to the first day of my total disability. I also know that I cannot obtain any insurance ftan you if i am over 65 years of age today, and 1 also know that the insurance coverage provided to me may contain a maximum amount of coverage which will trot psy in some cares, the entire amount that I owe you. Due to the maximum amount of coverage stated in the insurance policy. l know that any unpaid amount in excess of fie insurance coverage will still have to be paid. If the Sales Contract is prepaid in tull 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 cove • ge. If 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 warrantiesrelauveto this sale given byus tit the ftnancialinstitution or bank tit order for it to buy th ch tr". SELLER'S WARRANTIES AND ASSIGNMENT OF INSTALLME T S LES CONTRACT A D MO GAGE FOR VALUE RECEIVED, Seller hereby sells, assigns, conveys. transfers and delivers to I. Q a41L20 L1 fug (1 tAssignee) all of its rights, title and interest in and to the installment Sales Contract and Mortgage, together with all liens exist~ ing to re its payment, and the property encumbered bereb� .Assignee is hereby substituted as Mortgagee under the Mortgage provisions of this contract. Seller warrants and represents: (1) It has the right to make this assignment; (_) All statements and figures in this contract and in the Bayer's statement are materially true and correct; (31 This contract arose from the txtna tide sale of the goods and services described herein: (4) The .ash downpayment shown in this contract was actually paid by Buyer and no part of said downpayt ant was loaned di- reelly or rodirectfy by Seller to Buyer, l5) Each Buyer is legally competent to contract; f ti) This contract is not and will not be subject to any claim, defense, demand or right of offset; (7) The execution of this contract aril the underlying sales transaction givinf, rise thereto did not violate any federate or slate law, directive, rube or regulation now in effect, B) In the event that this contract or the underlVmg safes transaction is sublect to a right of rescission or cancellation by the Buyer, such rescission or cancella- tionpentdfaxrspiredare!neithertI salenorthiscontracthas ncancelledorrcscmded. THISCONTRACTI SSOLDBYSELLERWITHOUTRECOURSE. iN TESTIMONY WHEREOF, the undersigneJ is�y +filed repr yi,e >f the Seiler and has signet below on behalf of the Seiler on this —_ day of - -- -— — — -- —/ -- - -- , h 9 -- - — J The foregoing instrument was acknow ledgheforc me on -_ _.___ _ _ �TFIE PA/ TTER CO ORATION,( Ie,,' by the authonied agent fit Seller wh My commission expires H30a03311 AINA031101 03x113S. 30rdS Sl1n 'No