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200`9'0029 200303031 after the same is due or to be performed, then the Seller shall give Buyer written notice of such default, and if such default is not corrected within five (5) days after date of said written notice, then the Seller may elect to declare a default and the entire unpaid principal balance and accrued interest, together with any advances and payments made by Seller on behalf of Buyer, shall become immediately due and payable at the option of the Seller without further notice or demand, and the Seller may proceed to foreclose this Contract as provided by law, or take such other and further legal action as may be available to them. (10) Waiver_. Any waiver by the Seller of the time or manner of payment due hereunder or the time or manner of performance of acts required hereunder of the Buyer on one occasion, shall not constitute a waiver or relinquishment of any right of the Seller to demand subsequent payments when due, or to demand performance by the Buyer in accordance with the terms of this Agreement on any other or subsequent occasion. (11) Obligations of the Buyer. The Buyer agrees to pay the real property taxes and provide insurance as above set forth, and further agree to keep all improvements on the property in good condition and repair, ordinary wear and depreciation excluded, and agree not to destroy, remove or substantially remodel any improvement without the prior written consent of the Seller. Buyer further agrees to keep said property free and clear of all liens, taxes and encumbrances at all times during the term of this Contract. In the event that the Buyer should abandon said property, then the Seller may take immediate possession of said property, and such further action available to him. (12) Assignment. Buyer agrees not to sublet the personal property, and further agree not to assign this Contract without the prior written consent of the Seller, which consent shall not be unreasonably withheld. Any attempted assignment of the Contract or surrender of the premises contrary to the terms hereof shall render the unpaid balance due hereunder immediately due and payable in full at the option of the Seller. The Buyer further agrees not to pledge, mortgage, alienate or in any way encumber said property without the written consent of the Seller, and any attempt to do so shall be null an void and likewise render the entire unpaid principal balance and interest immediately due and payable at the option of the Seller. (13) Escrow of the Deed. Seller is the owner and has good and marketable title to the personal property referred to hereinabove, free of all debts and encumbrances. Upon execution of this Contract, the Seller will execute a Deed, which will be delivered to Buyer upon payment of all of Buyer's obligations hereunder. -3-