Equipment bill of sale illinois template
Of the amount due within _ days, failing which the Seller can demand immediate payment of the entire outstanding balance and accrued interest.ħ.1 In the event of default this installment sale and security agreement may be turned over for collection and the Buyer agrees to pay all reasonable legalįees, collection and enforcement charges to the extent permissible by law, in addition to other amounts due.Ĩ.1 The Seller guarantees that he/she is the true and lawful owner of the above described Goods and that it is free of all encumbrances,ĩ.1 The Seller warrants that no person shall have legal claim against the Buyer for the removal of the Goods hereby sold and the Seller warrants
Into the account of Seller as specified in writing.Ħ.1 If the Buyer fails to make any payment when due for whatever reason and the Seller provides notice of such failure, the Buyer must effect payment For ease of payment the Buyer may exercise the option to effect payment by direct deposit or electronic transfer of funds To outstanding late fees, then to accrued interest and thereafter to the Outstanding Balance.ĥ.1 Payment in terms of this installment sale agreement shall be made at the above stated address of the Seller or at such place as may be designatedįrom time to time in writing by the Seller or assignee of this agreement.
#Equipment bill of sale illinois template full
Then to accrued interest and thereafter to the Outstanding Balance.Ĥ.1 The Buyer may prepay the Outstanding Balance in full or in part at any time without premium or penalty. All payments shall first be applied to outstanding late payment fees, Starting on the _day of _20_ until the Outstanding Balance and accrued interest is paid in full. The Buyer will pay to the Seller _payments of $_ (_dollars) each at uninterrupted monthly intervals on the _day of each month, Late Payment Fees: If payment is not made within _days as stipulated in the payment terms the Buyer shall pay an additional late payment fee Interest Charges: Interest shall accrue at the rate of _percent (_%) per year on any unpaid balance. The parties choose the above stated addresses as their physical addresses at which legal proceedings may be instituted.
Identity / Social Security or Other number (Specify): THE PARTIES TO THIS INSTALLMENT SALE AND SECURITY AGREEMENT ARE: