1994-148-RES WHEREAS, CITY COUNCIL DID IN RESOLUTION NO 94-111

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Insur.ance. If any insurance is checked below, the policies or certificates issued by Ihe Companies named will describe the terms and conditions. . .Required Physical Damage Insurance. Physic,' bmage Insurance Is required until your ".Optlr Mechanical Repair Insurance. The cost of -debt Is paid in full. You have the option of furnL the required coverage, either through this insu. ~..:e is shown in 4C of the Itemization above. existing policies of Insurance that you own or control or by obtaining equivalent coverage N/A through any Insurance company authorized to do business in Texas. The cost of this insur- Insurance Company ance is shown In 4A of the Itemization above. Insurance Company NjA Term,N/ A months Term: 036 months or 36,000 miles, whichever occurs first o If checked, the premium for such insurance included in this contract is at a rate of charge not fixed Term: 0 or approved by the Slate Board of Insurance of Texas. You have the option, for a period of 10 days o If checked, the premium for such insurance included herein from the date of delivery of a copy of this contract to you. of furnishing the required insurance cov- is at a rate of charge not fixed or approved by the State Board erage either through existing policies of insurance you own or control or by oblaining equivalent of Insurance of Texas. coverage through any insurance company authorized 10 do business in Texas. 0$ N/A Deductible Collision and either: 0$25 Deductible o Full Comprehensive including Fire, Theft and Combined Additional Coverage 0$50 Deductible 0$ N/A Deductible Comprehensive including Fire, Theft and Combined Additional 0$ Deductible Coverage tJ Fire, Theft and Combined Additional Coverage ..Optlonal Coverages with Physical Damage Insurance. If you have chosen (his insurance, the premiums for the jnitial~monlh lerm are itemized below and the total cost is shown in 48 of the Itemization above. Towing and Labor Costs 0 $ N/A Rental Reimbursement 0 $ N/A CB Radio Equipment 0 $ N/A ... . Optional Credit Insurance. Credit life insurance and credit disability insurance are not required to obtain credit and will not be provided unless you sign for them and agree to pay the additional cost. If you want this insurance, check the insurance desired and sign below. If you have chosen this insurance, the cost is shown in 40 of the itemization above. Credit life insurance is based upon the payment schedule and term shown above. This insurance may not pay all you owe on this contract if you make late payments. Disability insurance covers Ihe original payment amount for the term shown above. II you make late payments. disability insurance will not pay all of your payments. Check the Insurance desired: 0 Ufe (Buyer 0 Co-Buyer 0 Both 0) o Disability, Accident and Health (Buyer Only) (Name of Insurer) (Home Office Address) This policy will pay amounts due on this contract up to $ . Total Policy coverage for this and any other Retail Instalment Sale Contract is limited to $ Credit Disability, Accident and Health Insurance covers the first payments and does not cover the last scheduled payment. o If checked, the premium for such insurance included herein is at a rate 01 charge not fixed or approved by the State Board of Insurance of Texas. 15 NOV 1994 Buyer Signature Date Co-Buyer Signature Date THE INSURANCE, IF ANY, REFERRED TO IN THIS CONTRACT DOES NOT INCLUDE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE CAUSED TO OTHERS. See the other side of this contract for other important agreements, including your agreement to give the Creditor a securily interest in insurance premiums and proceeds. THE BUYER'S OPTION TO SELL IS OPTIONAL WITH YOU. DO NOT SIGN THIS CONTRACT UNLESS YOU WANT THE OPTION TO SELL THE VEHICLE TO THE CREDITOR. EVEN IF YOU SIGN THIS CONTRACT, YOU DO NOT HAVE TO SELL THE VEHICLE UNLESS YOU WANT TO. IF YOU PREFER A CONTRACT UNDER WHICH YOU ARE SCHEDULED TO PAY WHAT YOU OWE IN PAYMENTS WHICH ARE ALL SUBSTANTIALLY EQUAL IN AMOUNT, YOU MAY CHOOSE A FINANCING PLAN OF THAT TYPE. NOTICE TO THE BUYER-DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN. UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS SAVE A PORTION OF THE FINANCE CHARGE. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS. You signed this contract and received a copy on NOV. 15 1994 ~&~S ~ ~ ~ Buyer Signs BY: Mirh,qpl F._ Malone'. City Manager Co-Buyer Signs Co-Buyersand Other Owners-A co-buyer is a person who is responsible for paying the entire debt. An other owner is a person whose name is on the title tothe vehicle but does not have to pay the debt. The co-buyer or other owner knows that the Creditor has a security interest in the vehicle and consents to Ihe security interest. Orner owner signs here Address Creditor Signs LOWRY CHEVROLET, INC. By Title V.P. The SeUer intends to assign this contract to General Motors Acceptance Corporation (GMAC) al: P.O. BOX 660208 DALLAS,TX.75266-0208 Address When you receive notice of assignment. you agree to make payments to GMAC at the above address. To contact General Motors Acceptance Corporation about this account call 2 1 4 437 - 5000 . This contract is subject in whole or in part to Texas law which is enforced by the Consumer Credit Commissioner. 2601 N. Lamar Blvd., Austin, Texas 78705.4207. Phone (512) 479-1285 or (800) 538-1579. Contact the commissioner relative to any inquiries or complaints. . If Seller obtained this vehicle from General Motors Corporation (GM) on instalment credillerms, Seller assigns its interest in this contract to GM under thIJ terms of the GM Instalment Sales Finance Plan-Terms of Substitution and Assignment agreement. Otherwise, Seller assigns its interest in this contract to General Motors Acceptance Corporation (GMAC) under the terms of the GMAC Retail Plan agreement. Assigned with recourse Assigned without recourse or with limited recourse LOWRY CHEVROLET, INC. V.P. Seller By Title Seller By Title