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