INSTRUMENT RENTAL TERMS ONLY 1.Rental Agreement: The Renter (identified below) agrees to rent the Instrument for a monthly payment, due each month starting when the Renter takes possession of the Instrument. The Renter acknowledges receiving the Instrument as-is, in its current condition. 2. Payments: The automatic payments will process on the same day every month. If you wish to change your payment method, please call us at 303-680-3915. It is your responsibility to keep your card current, so you do not face late fees. If the auto-pay is declined, we will notify you and try again in 3-5 days. If this second attempt is unsuccessful, you will be assessed a $20 late-payment fee. After 60 days, you will lose all equity in your instrument and the full MSRP price shall be due in full and shall accrue interest at the rate of twelve percent (12%) per annum. Renter agrees to pay Allegro Music all costs and reasonable attorney fees incurred to collect past due amounts or other amount owed by Renter. 3. Insurance: The insurance program covers maintenance and accidental damage that may occur duringnormal use. The insurance program will provide a loaner or replacement instrument in the event that your instrument needs repair or service. The insurance does not cover loss of the Instrument but will cover theft with submission of a police report. For stringed instruments, the insurance does not cover replacement of broken strings. 4. Rent-to-Build-Equity: This is a rent-to-build-equity program. Your monthly rental fee goes toward the purchase of the Instrument or an intermediate instrument. Taxes, fees, and insurance do not apply. Once you return your Instrument, cancel payments, or become 60 days past due you will lose all your equity. The equity applies only to the MSRP and does not apply to the sale price. You may call us at 303-680-3915 to find out how much equity you have built up or what the payoff balance is on your instrument. Equity applies only to purchase of one instrument of equal or greater value than you one you are renting. There are no refunds for unused equity. Equity will accrue for only 30 payments. After that you may continue to rent without building equity. You may also use your equity to purchase your rental instrument or an instrument of equal or greater value. To terminate this agreement, you must return the Instrument in good working condition to Allegro Music before the auto-pay day of your contract. By signing you agree to the terms of this agreement with Allegro Music.