Fill and Sign the Retail Installment Agreement Form

RETAIL INSTALLMENT AGREEMENT(No Consumer Credit Protection Act Disclosures) 1.Purchase Price. The total purchase price shall be $____________________________.2.Interest. Interest shall be __________ % simple interest per annum.3.Payment Terms. Principal and interest shall be payable to Seller at (address), or at such other place as the holder hereof may designate in writing, in __________ consecutive monthly installments of $ ______________. The first of said installments shall be due and payable on the day of ______________, 20____, and each subsequent monthly installment shall be due and payable on the first day of each succeeding month thereafter until the entire indebtedness is fully paid.4.Late Fees. Purchaser shall pay Seller, or his/her assignee a late charge of ______% of any monthly installment not received by the Seller or assignee within ______________ days after the installment is due.5.Purchase Money Security Interest . Seller hereby reserves and Purchaser hereby grants to Seller a purchase money security interest in ________________________ ( collateral), together with all additions, parts, replacements, attachments, accessions, and accessories thereto and all proceeds thereof, to secure payment of the purchase price.6.Events of Default. Purchaser shall be in default under this Agreement in the event that Purchaser: 1)fails to make any installment payment when due;2)sells or otherwise transfers ownership of the collateral to a third party; or3)files a petition for bankruptcy or is adjudicated bankrupt.7.Remedies. In the event of a default by Purchaser, Seller may declare all of the payments required to be made by Purchaser under this Agreement immediately due and payable and shall have all of the rights and remedies of a secured creditor under Article 9 of the Uniform Commercial Code of the state of ________________________ in addition to any other rights or remedies provided by law or by this Agreement. Said rights shall include, but not be limited to, the right to take possession of the collateral and the right to dispose of the collateral at public or private sale and distribute the sale proceeds according to applicable law. Seller or assignee shall further be entitled to recover any expenses of collection, including without limitation attorney fees and costs of repossessing and selling the collateral.8.DISCLAIMER OF WARRANTIES. SELLER MAKES NO EXPRESS OR IMPLIED WARRANTIES AND HEREBY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.9.Complete Understanding . The parties hereto acknowledge that this Agreement constitutes their entire agreement as to the subject matter hereof and that there are no understandings, agreements, representations or warranties not specified herein. 10.Modifications. No purported modification hereof shall be effective unless made in writing and signed by Seller and Purchaser.11.Governing Law. This Contract shall be governed by and interpreted in accordance with the laws of the State of ______________.12.Parties Bound. This Agreement shall bind and run to the benefit of the parties’ respective successors and assigns.13.Non-Waiver. Sellers delay in exercising or its failure to exercise any right hereunder shall not constitute a waiver of the right to exercise the same or any other right at any time thereafter.14.Severability. If any provision hereof shall be adjudicated to be invalid or unenforceable by a court of competent jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision hereof. Such invalid or unenforceable provision shall be severed from this Agreement.15.Prepayment. Purchaser may prepay the principal amount outstanding in whole or in part without penalty. Seller or assignee may require that any partial prepayments (I) be on the date monthly installments are due, and (ii) be in the amount of that part of one or more monthly installments which would be applicable to principal. Any partial prepayment shall be applied against the principal amount outstanding and shall not postpone the due date of any subsequent monthly installments or change the amount of such installments.WITNESS OUR SIGNATURES, this the _____ day of __________________, 20____.____________________________________SELLER____________________________________PURCHASER