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.� <br /> � � <br /> ��- oc� 74 � z <br /> - Z - <br /> � elect to declare the entire unpaid principal balance forthwith <br /> due and paysble and such entire unpaid principal balance shall <br /> bear interest f rom the date of default at the rate of 11% per <br /> annum until such default is remedied . <br /> III - <br /> Vpon payment of the $ 7 , 500 . 00 payment provided for a'bove , <br /> Vendors will deliver to the escrow agent , designated by the <br /> � parties , a bill of sale transferring all of the assets of the <br /> business to the Vendees . The escrow agent shall hold such <br /> bill of sale until the full principal balance , with interest , <br /> has been paid and shall thereupon deliver said bill of sale <br /> to the Vendees . In the event of default by the Vendees in <br /> any of the obligations binding upon them hereunder , after the <br /> Vendees have had 30 days notice of such default , and have failed <br /> to remedy the same , the Vendors , or either of them, may at their <br /> option declare a breach of contract and may bring any .action <br /> available to them at law against the Vendees for whatever remedy <br /> the law permits . <br /> ZV . <br /> Vendeea shall ta7ce possession of the premises on April l , <br /> 1976 . The personal property taxes for 1975 are to be paid by <br /> the Vendors , The 1976 personal taxes shall be prorated between <br /> the parties as of the date of possession . The 1977 and all sub- <br /> sequent taxes , all special assessments , special levies , charges , <br /> and utility expenses shall be paid by the Vendees . <br /> V . <br /> Vendors agree to assign to the Vendees all of their right , <br /> title , and interest to the lease of the real estate which they <br /> presently hold whereon the restaurant business is con3ucte� . <br /> Vendees agree to be bound by tYie terms of the lease agreement <br /> and 1t is underatood and agreed that the Vendees will replace , <br /> � <br /> arsy cracked or broken glass , including plate glass , for windows i�' �,., ''� <br /> � and doors . Busine � s fixtures , including the roof exhaust £ an , �".• <br /> may be removed by Vendees upon termination of the lease , provided <br /> Vendees have ccmplied with all terms of such lease . "` <br /> ' � <br />� <br />