Financed herd sires will remain titled to Seller until paid in full. Stud fees derived from financed herd sires will be applied to outstanding balance on note until paid in full. Transfer cost for registration and title will be paid by Buyer. All expenses and arrangements for shipment outside the United States will be assumed by the Buyer. On financed sales, shipment will be paid by Buyer and scheduled at a time agreeable to Seller.
Buyer agrees to pay for insurance, exam and related expenses.
Financed animals that are required to remain with Seller until a specified point in the amortization schedule will have a boarding arrangement worked out between Buyer and Seller. Buyer will pay for this coverage and Seller will be listed as a loss payee. Risk of loss insurance is also required and will be paid by Buyer with Seller as loan payee. No provision of this agreement can be waived except in writing. If any term, covenant, condition or provision of this agreement is held to be invalid, void or unenforceable, the remaining provisions shall remain in full force and effect.