Installment Sale Agreement (Non-RISA). THIS INSTALLMENT SALE AGREEMENT between _________________ (the ‘‘Buyer’’) and _________________ (the ‘‘Seller’’) is dated _________________, 200_________________. The Seller hereby agrees to sell and the Buyer hereby agrees to buy the following personal property (the ‘‘Property’’), on the terms and conditions set forth below: [Description of Property to be purchased] A. Purchase Price. The Total Purchase Price of the Property to be financed is $ _________________, consisting of $ _________________ in principal payments and $ _________________ in interest payments or finance charges. The interest charged is calculated at _________________% per annum (the Annual Percentage Rate) on the amount of principal outstanding. The Total Purchase Price shall be paid in _________________ installments of $ _________________ each, due on the _________________ day of each month, with a final payment of $ _________________ due on _________________, 200_________________ If the Buyer pays off the Total Purchase Price early, the Buyer may be entitled to a refund of part of the finance charge. B. Receipt of Goods and Promise to Pay. The Buyer acknowledges that he has received the Property described above and has accepted delivery in good condition. The Buyer promises to pay the Total Purchase Price to the Seller in accordance with the payment schedule set forth above and all other amounts due under this Agreement. C. Location of Property. The Property will be kept by the Buyer at the following address: _________________. D. Ownership and Risk of Loss. The Buyer agrees to pay the Seller all he owes under this contract even if the Property is damaged, destroyed, or missing. The Buyer agrees not to sell, transfer, rent, lease, or remove the Property from the state in which the Buyer resides on the date of this contract without the prior written permission of the Seller. The Buyer agrees to keep the Property properly maintained. E. Taxes and Other Charges. The Buyer is responsible for and will pay when due all taxes, repair bills, storage bills, fines, assessments, and other charges in connection with the Property. If Buyer fails to pay these amounts, the Seller may do so for Buyer. If the Seller does so, the Buyer agrees to repay the amount when the Seller asks for it. F. Security Interest. The Buyer is giving the Seller a security interest in the Property being purchased, any accessories and equipment then installed in the Property, any accessions installed in or affixed to the Property, and any replacement parts installed in the Property. The Buyer agrees to execute any financing statements and other documents requested by the Seller to establish, preserve, and protect or maintain the Seller’s