In consideration of the loan and delivery to me of the above described instrument and attachments. I hereby explicitly make myself responsible, immediately upon your request or on expiration of the period and purpose for which such loan was made at your option, to return to you through the current Property Manager or other designate of the School of Music the instrument and attachments above described, in the same condition as when received, except for the reasonable wear or deterioration incident to the prudent due and custody thereof for the purpose intended, as stated below; and I do further hereby explicitly promise and agree to pay you through the School of Music, promptly and in full for (a) any and all damage to the instrument and/or attachments, or consequential full cost or repair thereof as determined by the Property Manager or other individual formally designated for the purpose; (b) for loss, theft, larceny, embezzlement, or disappearance (explained or unexplained) thereof or any part thereof, using the value above stated as the basis for financial restitution.
I further agree that the instrument and attachments shall be used only in preparation for and playing in University ensembles, for University of Redlands classes, or for individual study, rehearsal or practice by me.
In the event of loss, theft, or disappearance of the instrument and/or attachments, I understand that I shall have the option to make prompt payment in connection therewith as above provided, or promptly to substitute attachments of a type and quality approved by the Property Manager or some other member of the faculty of the School of Music formally designated for that purpose. The title to such substitute(s) shall be free and unimpaired, the same shall have been fully paid for prior to delivery to you, and full legal ownership thereof shall vest in you upon delivery as aforesaid.
I acknowledge that the instrument and attachments are necessities in my pursuit of a collegiate education.