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200007680 Page 3 prior to the termination date of said contract and that the Buyers will not incur any prepayment penalty whatsoever. 9) DEFAULT: If Buyers should fail to make any payment payable by them hereunder, or Buyers should fail to perform any of the other obligations binding upon them herein set forth, Seller shall give Buyers written notice of such default. If Buyers fail to remedy such default within 30 days after receipt by them of such notice, Seller may declare the entire remaining unpaid principal balance with accrued interest forthwith due and payable and commence such proceedings for strict foreclosure of this agreement, or such other legal or equitable remedies as are available to the Seller and as Seller may elect. Buyers shall be construed to have received written notice as required herein upon the posting of a letter in the United States Mail to Buyers last known address. Waiver by Seiler of any one default shall not be construed as a waive of any subsequent default, commencing with any default the entire unpaid principal balance shall thereafter bear interest at 15% (fifteen percent) per annum until either such default is remedied or the entire principal balance with accrued interest has been paid, whichever occurs sooner. If after election to declare the entire balance due and owing, and the Buyers fail to pay the amount due, the Buyers agree to vacate the premises immediately and sign all documents necessary to return title to the Seller. 10) During the life of this agreement and until payment by Buyers of all payments required hereunder, Buyers agree as follows: (a) To not permit any foreclosure of mechanic's liens or materialmen's liens against said premises. (b) To not abandon said premises. (c) To not permit waste of the premises and improvements thereon. (d) To keep said improvements on said premises insured in a reasonable amount reflecting the fair market value, such insurance for the dwelling house to be not less than $25,000. Seller shall be included as named insured on any such policy as their interest may appear. Buyers agree to keep such insurance in full force and effect at all times. 11) The Buyers and Seller both agree that at completion of this contract the Seller shall be responsible for the amount of the Revenue Stamps that might be required to record the Warranty Deed at that time.