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01/24/95
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01/24/95
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
01/24/1995
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Time: 2:5~ AM <br /> <br />PREPARED B~:IBILL MILLER <br /> <br />TRUCKS <br /> Page 2 of 2 <br /> <br /> QUOTE ID: PIEN1TR~%M <br /> NO, OF UNITS: i <br /> <br />1. CERTIFICATION OF T[TLK-LIENS. Buyer agrees that any certificate <br />of title on the CoIlatera] will show Seller's security ~nterest (lien) <br />and wtll be~del~vered promptly to Seller. Seller shall hold the <br />Cert~ficate~of Title until Buyer pays all indebtedness and performs <br />~ll other o%ligations under this Contract. Buyer promises not to give <br />any other p~rty a l~eD or security interest in the Collateral without <br />Seller's written consent. ~uyer promises not to p~rt w~th possession <br />of, sel~ or lease tbs Collatera3 without Se~]er's written approval. <br /> <br />2. ASSIGNMENT. Seller has the right to assign this Contract to the <br />Named ~inan~ia] Corp. ~f Seller does assign ~t, Tbs Named Financial <br />Corp. w{l.l ~ake all of Seller's right, title, and ~nterest uruder this <br />Contract (i~clud~Dg Seller's interest iD the Collateral). Then~ the <br />term "SeLler" ~.n this contract shall refer ~nste~d ~o The Named <br />FinancJa3 Corp. This means; among other things, that Buyer w~ll be <br />required to imake the pa.vments under this Contract directly to The <br />~amed FinanCial Corp. Buyer agrees that if Se3].er assigns thSs <br />Contract~ a~ The Named F%na,~c%aY Corp. sues Buyer to colYect any <br />amount Buyer owes or.~o enforce any of Buyer's other obligations under <br />this CoutraOt~ Buyer will not assert any claim or defense B,lyer ha~ <br />against Seller as a cjaim: defense, or setoff against Tbs Named <br />F43~anc~al Corp. <br /> <br />and warrants that the description of it on the front of t.bis Con~ract <br />is accurate, that the title conveyed ~s good and ~ts t=ansfer rightful: <br />an~ that the~property is delivered free from any security interest or <br />other lien or encumbrance. <br /> <br />4~ NO WARRANTY- if the Vehicle ~s n.ew: there ts no war=anty other <br />than That of the manufacturer. If the Vehicle 5s used, <br />"AS IS" s.~d ~WITK ALL FAULTS." SELLER. MAKES N~ WARRANTY OF <br />MERCHANTIBIL$T¥ OR FITNESS FO~ A PART~CULA~ PURPOSE. U]~LESS SET OUT <br />iN ~RITtNG AND SIGNED BY SE[~LF.R, TKE~E KRE ~O OTEE~ WARRANTIES <br />EXPRESSED O~ IMPLIED. <br /> <br />5, kDDITIONS TO COLLATERAL. Anything added to the Collateral~ <br />inc~ud~n~ bu~ no~ limited to engi~es~ transmissions, tires~ wheels, <br />~%fth wheels~ radios an~ electrical equ[pment~ tanks and any other <br />body or structure~ becomes p~rt of the Collatera% and sha]~ <br />constitute "Additions" ~.nd "Accessories,'~'..and ts subject to Seller's <br />security ~nterest, and must stay w~tb the Co~]atera] 5f Jt ~s <br />repossessed ~r ret,~rned to Seller. <br /> <br /> <br />
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