General Conditions of Rental Agreement

The Lessee of listed rental equipment agrees to the following conditions of this rental agreement: Lessee accepts full responsibility and liability for any and all damages to listed equipment on rental agreement due to improper operations, maintenance, and/or lubrication, freezing, fire, theft, windstorm, hailstorm, flood, riot, insurrection, strike, explosion, collision, upset, acts of terrorism, damages while being transported, binded, or unbinded, loaded, or unloaded, or for any causes whatsoever other than ordinary wear and tear of the equipment in question.
Lessee agrees to pay for repairs or replacement of all parts damaged and all labor for said repairs and replacement and authorizes lessor to make such repairs and replacement required solely through ordinary wear and tear.
Lessee agrees to return all equipment and accessories to lessor's business facility, in as good condition as when received, ordinary wear and tear accepted.
Lessee agrees to fully hold harmless and indemnify the lessor from all claims or suits for injuries, loss or damage to persons or property while equipment is in lessee's possession, regardless of the grounds of dais claims or suits, including the fault of the lessor, and to notify lessor immediately in writing upon learning of the existence of any incident which may give rise to any such claim or suit.
Lessee agrees to keep the lessor informed of the location of the leased equipment at all times. Failure by the lessee to inform the lessor of the location of the said equipment after written demand to do so shall immediately double the rental rate charged until the equipment is located and the lessor is so notified. The lessee agrees to pay all expenses incurred in locating said equipment.
Lessee agrees to not assign, transfer, sublease, or otherwise part with the possession of the leased equipment either directly or indirectly. Not to commit or permit any act whereby listed equipment or any part thereof shall or may be seized, taken in execution, attached, removed, destroyed or injured.
Lessee agrees that in the case of default of any of the terms of this agreement, lessor may, at its option enter the premises operated or controlled by the lessee where the equipment is used or any premises operated or controlled by the lessee where said equipment may be found and removed the same there from, without notice or demand, and without being guilty of any trespass or wrongdoing. Lessor is not liable for any damages incurred during the removal of the said equipment.
Lessee agrees to pay 1.5% per month, total interest per year of 18% on past due accounts and an additional 25% in principal and interest if any of said accounts are placed in the hands of an attorney for collection by the lessor.