We assign the account(s) on the placement form to you for collection. If you do not receive notice of settlement within (10) ten days, if free demand is requested, you, as our agent, are authorized to proceed at once to collect the account on your established rules and rates, to accept payments and to endorse checks, notes, money orders or drafts for deposit, the net proceeds of which you are to remit to us. * In the event it becomes necessary to forward the claim to an attorney for legal action, we direct and authorize you, as our agent, and as a convenience to us, to send the account to an attorney designated by us in the county of the debtor or, where none is so designated, to an attorney whose name or firm appears in a law list publication approved by the American Bar Association, upon prevailing rates in the area, net to him. Special authorization is required to file suit or compromise.

* - If creditor is no longer in business or Agency, after a reasonable effort, is unable to locate creditor then all remaining funds shall become, as additional compensation for search and maintenance, the property of the Agency.