STUDENT LINE BAND RENTALS: Rental agreements are on a monthly basis. Signer has the right at any time to pay the remaining
unpaid balance due under this agreement. There is never any obligation to purchase the instrument and the signer may return it at any
time. Gold/ Silver Plan: 100% of rental fees apply towards the purchase price of the original instrument or one of greater value through
the full term of the rental. Signer can eventually own the original instrument by completing the full stated term of monthly rental payments.
Bronze Plan: 100% of first 12 months of rental fees apply toward the purchase of the original instrument or one of greater value. Within
the first 12 months the renter has the option to purchase the rented instrument, continue to rent at the current bronze rental rate with
payments made in excess of the first year no longer applying to the purchase price of the instrument or upgrade/apply rent to a Gold or
Silver Rent-to-Own Plan. Signer must call or visit Heid Music to convert to Rent-to-Own.
BAND INSTRUMENT EXCHANGE POLICY: Exchange policy applies to student line band instruments only. Gold/Silver Plan: All rental
monies paid timely at the rent to own rate apply in full toward the purchase price of the original instrument or one of greater value. Exchange
of any instrument of lesser value after the first rental year will result in the loss of all rent to own payments made in excess of
that first year. Bronze Plan: All rental monies paid timely for the first 12 months apply in full towards the purchase price of the original
instrument or one of greater value.
STUDENT LINE ORCHESTRA RENTALS & EXCHANGES: Rental agreements are on a monthly basis. There is never any obligation to
purchase the instrument and the signer may return it at any time. Exchange of orchestral instruments vary based on growth and range of
play. When signer or signer’s child is ready for a full size instrument, the rented instrument may be exchanged for a full size instrument.
Up to two years of the signer’s rental payments will apply to the purchase of a full-size intermediate or professional instrument.
TERMS: Title and right of possession of the instrument shall remain with Heid Music until total timely paid payments equal the rent to own
price (plus sales tax) of the instrument. At that time ownership will be transferred to signer. If rental payments are not paid when due,
Heid Music reserves the right to take possession of the instrument. I agree not to sell, mortgage, remove from the state without permission
from Heid Music, or otherwise dispose of this instrument during the rental agreement. I understand that this agreement may be terminated
if I move and fail to provide Heid Music with a new address, or if my child changes school districts. If this agreement is terminated, I will
return the instrument and any accessories, in good condition, to Heid Music or authorized agent immediately.
MAINTENANCE AND REPAIR (M&R) COVERAGE TERMS AND CONDITIONS: The monthly rate for M&R is $5.00. Coverage is
solely for keeping the instrument in good playing condition. Repair coverage specifically does not cover dents, scratches and cosmetic
flaws that have no effect on the playing condition of the instrument. Coverage does not include lost parts, but Heid Music will exchange
a mouthpiece if it breaks. Also excluded are expendable items such as reeds, swabs, lubricants, mallets, drumsticks, drumheads, rosin
and strings. Repair coverage will be considered “Not in Force” if payments are in arrears at the time of repair. Heid Music or one of its
affiliates must make all repairs. No other claims will be considered. Do not attempt any repairs on your own as it may void the coverage.
Maintenance and repair costs are not refundable and do not apply to purchase.
STUDENT INSTRUMENT REPLACEMENT PLAN (IRP): The monthly rate for IRP coverage is $3.00, due on the monthly payment
date and applies to the current month only. Coverage must be initiated at the time this agreement is finalized and is valid only until this
agreement is terminated. Under this plan, Heid Music guarantees to replace the instrument with one of comparable age and condition if
the instrument is lost through theft, fire or irreparable damage. Notification of the theft must be made to the proper authorities and Heid
Music within 10 days of occurrence or the replacement guarantee will be void and signer will be liable for payment in full of the outstanding
balance due under this agreement. Purchase of the student Instrument Replacement Plan is voluntary. If signer has declined this plan
and instrument is lost, he/she will be liable for full value of the instrument and case contents.
PAST DUE ACCOUNTS: Only payments made on time apply to the purchase of the instrument. Any payment not made by the tenth day
following the due date will be assessed a late charge of $5.00. Signer is responsible for notifying Heid Music at least 10 days prior to the
due date of all proper account information to process any auto debit payments. Invalid information or insufficient funds will cause signer’s
account to be subject to non-sufficient fees of $20.00. If signer’s account falls 3 months into arrears it may be forwarded to a collection
agency and signer will be responsible for the full amount due on the instrument plus any additional collection fees incurred. The agreement
is not subject to the provisions of bankruptcy law as the money collected is rent. In the event that Heid Music is compelled to incur
any expense in maintaining or defending any action or proceeding instituted by reason of any default on the signer, such expense shall
be the responsibility of the signer. Any failure to pay or fully comply with these terms may result in signer’s complete relinquishment of any
rights of possession, as well as forfeiture of any right to purchase the instrument.
NOTICE TO SIGNER: Forfeiture clause: “If payment is in arrears and instrument is left at school, Heid Music legally has the right to take
possession of the instrument.” The signer consents to Heid Music obtaining credit information from a credit-reporting agency. This rental
agreement will expire every month from the start date unless payment is received on the due date, throughout the life of the agreement.
There are no refunds for early returns. Signer agrees to authorize Heid Music and its agents to communicate by phone or email, and
through the use of an auto-dialer or prerecorded phone call at the telephone number provided.
SIGNER’S RIGHT TO CANCEL: Signer may cancel this agreement by mailing a written notice to Heid Music, 308 E. College Avenue,
Appleton, WI 54911, via email at email@example.com or by calling any Heid Music location. Payments will continue to be deducted
from signer’s account until the instrument is returned to Heid Music or an agent thereof. School music educators are not agents of Heid
Music. Leaving an instrument with a school music educator does not cancel this agreement.