CONDITIONAL SALES CONTRACT
For good and valuable consideration, this conditional sales
contract is entered into between (Seller) and (Buyer).
Seller agrees to sell and the Buyer agrees to buy the following
goods on a conditional sale:
Sale price: [$]
Sales tax: [$]
Other charges: [$]
Finance charges: [$]
Total purchase price: [$]
Deductions
Down payment: [$]
Other credits: [$]
Total deductions: [$]
Amount financed: [$]
ANNUAL INTEREST RATE: [%]
The amount financed is payable in [number] monthly payments
of [$] each, starting on the [day] of the month of [month],
[year], and continuing on the same day each succeeding month
until paid in full.
The title to the goods remain with the Seller until payment of
the full purchase price, subject to allocation of payments and
release of security interest as required by law. The Buyer
agrees to keep the goods free from other liens and encumbrances
and not to remove the goods from the below address without the
written consent of the Seller.
Buyer agrees to execute all financing statements as may be
required of Seller to perfect this conditional sales contract.
The entire balance shall become immediately due upon default on
any installment due or other breach of this agreement.
In the event of a default, Seller may enter upon the premises of
the Buyer and reclaim said goods. If the Seller retakes the
goods he/she has the right to resell them for credit to the
balance purchased, and Seller may reacquire same all as further
defined and set forth under state law.
On the demand of the Seller, the Buyer shall keep the goods
adequately insured with the Seller named as the loss payee. On
request, the Buyer shall provide Seller with proof of insurance.
In the event of default, Buyer shall be responsible to pay
attorney fees, collection costs, and other fees associated with
enforcement of this agreement. This agreement is binding upon
and inure to the benefit of the parties, their successors,
assigns, and personal representatives.
The full balance shall become due on default. Upon default,
Seller will have the further right to retake the goods, hold and
dispose of same and collect expenses, together with any
deficiency due from the Buyer, but subject to the Buyer's right
to redeem pursuant to law and the Uniform Commercial Code.
This agreement shall also be in default upon the death,
insolvency, or bankruptcy of Buyer.
Signed under seal and accepted this [day] day of [month], [year].
______
Buyer
______
Seller