Addendum To Retail Installment Sale Contract

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ADDENDUM TO RETAIL INSTALLMENT SALE CONTRACT –
LAW FORM NUMBER 553-OH-ARB
1. Section 2.d. of the Retail Installment Sale Contract
dated __________ is hereby modified by deleting Section 2.d. in
its entirety and replacing it with the following:
Section 2.d.
Insurance you must have on the vehicle.
You agree to have physical damage insurance covering loss
of or damage to the vehicle for the term of this contract. The insurance
must cover our interest in the vehicle. If you do not have this insurance,
we may, if we choose, buy physical damage insurance, which will cover
your interest and our interest in the vehicle. If we buy this insurance, we
will tell you the charge, which you promise to pay. If you fail to pay us,
we may increase the amount of your scheduled payment in order to
amortize the charge by the time your final payment is due. The charge will
be the cost of the insurance and a finance charge at the Annual Percentage
Rate shown on the front of this contract. If the vehicle is lost or damaged,
you agree that we may use any insurance settlement to reduce what you
owe or repair the vehicle.
2.
This Addendum shall be incorporated into and deemed a part
of the Retail Installment Sale Contract.
___________________________________
______________________
Seller
Date
___________________________________
______________________
Buyer
Date
___________________________________
______________________
Co-Buyer
Date
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