I, {{CUSTOMER_NAME}}, have read this agreement, including all terms and conditions. I have had the opportunity to ask questions to clarify the agreement and these questions have been answered.
PAY IT OFF AND SAVE: I understand that, at any time after the first scheduled monthly payment is made, I may acquire ownership of this instrument by paying fifty-five percent (55%) of the balance of this Agreement, which is the difference between the Total of Scheduled Payments and the total amount paid to the account.
OWNERSHIP: I understand that I will not own the instrument until I have made the number of payments and the Total of Scheduled Payments necessary to acquire ownership of this instrument. I understand and agree that I do not have the right to sell, pawn, assign transfer, sublease, remove from the state, or encumber this instrument, or in any other way dispose of this instrument during the term of this Agreement.
DEFAULT: I understand that, in the event of my breach of any term or condition of the Agreement, Roper Music may assume that I do not wish to continue the Agreement and may terminate the Agreement. Roper Music will the be entitled to any remedies allowed by law including repossession of the instrument where ever found at school or elsewhere, after providing any notice by law.
Once I surrender the instrument, I understand that I will be able to reinstate the Agreement by paying the outstanding balance of any accrued payments and delinquency charged allowed by law.
TITLE: You retain title to the instrument until I have paid all the lease payments and provided for in this Agreement. Should I become involved in any form of bankruptcy prior to the successful completion of all terms and conditions of this lease agreement, I forfeit any and all illegal rights under this Agreement and I will return the instrument to Roper Music immediately.
LATE PAYMENTS: I understand and agree that Roper Music may collect and I shall pay a delinquency charge of $4 per month for any monthly rental payment not made anytime after 5 days of its due date.
ROPER MUSIC'S EXTENDED SERVICE AND MAINTENANCE POLICY: Your service policy provides parts and labor necessary to maintain the instrument in proper playing condition. In the event the instrument is damaged or deteriorates in performance for reasons other than misuse, you will repair and regulate the instrument at not charge. You shall make periodic inspections of the instrument for needed repairs and or evidence of abuse. You will perform at my request preventative maintenance inspections of the instrument at any time during the time of the Agreement. Any necessary repairs shall be performed at your service center or by your qualified representative. This policy does not cover drum heads, sticks, mallets, accessories such as reeds, oils, etc. or damage caused by repairs attempted by anyone other than you. Exterior finished or cosmetic repairs are not covered. Normal repairs are covered by this by the policy; however, repairs made necessary by misuse or abuse shall be at my expense. All repair work must be done by you.
The instrument will be replaced with one of equal value if it is destroyed by fire provided reasonable proof is presented to you or if it is stolen through forced entry provided the theft s reported to the police within 24 hours and a copy of the police report is furnished to you with you listed at the owner. The police report should provide the items make, model, and serial number in addition to its current replacement value. This policy is void if the instrument is lost or stolen from an unsecured area such as school corridor, street, bus, etc. THIS POLICY IS VOID IF PAYMENTS ARE NOT CURRENT!
CHANGES IN THIS AGREEMENT: I understand and agree that in the event your home office identifies errors that affect my financial obligation you will notify me of your changes and will be bound by them. Roper Music will notify me within 15 days of the contract date of such changes. If I object to these changes, I may return the instrument to yo in like condition as when received, before my next payment is due and this Agreement will be terminated. I also agree to inform Roper Music of any changes in my address, phone number, and/or any contact information within 10 days after these changes occur. Please call Roper Music at 864-542-2263 with changes.
USE OF INSTRUMENT: I agree to use the instrument solely for educational purposes. I agree that I will keep the instrument in m possession at my residence address or at the school shown hereon. I will notify you in advance if I move, change my telephone number, or the student changes schools I will not remove the instrument from the county and state of my current residence, unless I have contacted you in advance and obtained your consent to do so.I shall not misuse, secrete, sell, encumber, remove, or otherwise dispose of or lose possession of the instrument, nor permit, nor suffer any lien, encumbrance, or charge against the instrument. If I violate these provisions without your written consent I will have breached this Agreement, and you will have right to terminate this Agreement and demand immediate possession of the instrument.
RETURN OPTION: If I want to return the instrument to terminate this Agreement, I will notify you at least 7 days in advance by calling you at 864-542-2263. When I return the instrument, I will get a receipt from you or your authorized representative. The school and band director are not authorized representatives.
LOSS OR DAMAGED: I am fully and solely liable for damage to the instrument, in excess of normal wear and tear, or loss of destruction of the instrument from an and all causes, including but not limited to theft, vandalism, malicious, mischief, and mysterious disappearance. You do not provide any insurance on the instrument and I am fully responsible for its safety until it is returned to you. The loss, injury, or destruction of the instrument shall not release me from liability for it. In the event of such damage, loss, or destruction, this Agreement will terminate and I agree to pay you the reasonable cost of repair of the instrument. If the instrument is not returned to Roper Music, for any reason, I shall be liable foe the current value of the instrument, which if it used when leased, three-quarters (3/4) of the current retail price of a new instrument or if new or demo the current full retail price.
AUTO-PAY: I authorize Roper Music to automatically charge the credit card each month from the account provided. I must notify Roper Music in the event my account information changes. My account will be debited either on the 1st or the 15th each month depending on my due date. If the 1st or the 15th of the month falls on a Saturday, Sunday, or holiday my payment will be processed on the following business day. I will notify Roper Music of any erroneous or incorrect charges. If my payment is refused by my financial institution for any reason including over the limit, closed account, insufficient funds, or unauthorized account, I will be responsible for any and all charges. I will be charged a $25 fee each returned auto pay.
