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85-001836 the rate of Three Hundred Eight and 88/100 Dollars ($308.88) per month, beginning with the 1st day of April 1985, and in a like sum each successive month thereafter on the same date of each month until April 1st, 1992, when the entire unpaid balance of principal and interest will become due and payable. Said balance shall bear interest at the rate of ten percent (10%) per annum, monthly on the unpaid balance, computed and to be applied first to accrued but unpaid interest on the unpaid balance of the principal to date of payment and then to principal. The Buyer shall have the privilege of paving, at any time, any sum or sums in addition to the monthly payments herein required, without penalty; said sums shall. he applied toward the principal on the loan for the purpose of stopping interest. II. Taxes and Assessments 1. Taxes. Buyer agrees to pay the taxes January ist-, X85 and all taxes due and payable as prorated from thereafter. 2. Assessments. Buyer agrees to pay all assessments and special taxes or municipal or other publ.i.c after the signing of this contract. improvements completed III. Seller's Remedies on Buyer's Default It is further agree y and between—FFe if Buyer fails, retuses, or neglects to pay said 1purchaseeprriceat or fails to keep and perform any of the other terms and conditions on this contract on Buyer's part to be kept and performed as herein provided for then Seller, at their option, may upon sixty (60) days ;written notice to Buyer, declare the entire amount of the purchase then remaining unpaid at once due and collectable, if said default shall remain uncured within the said sixty . is further. agreed that It shall failure to exercise said option b days y Seller at any time not constitute a waiver with respect hereto, or with respect to any subsequent breach of the terms v contract by Buyer. n this Buyer further agrees that if Buyer fails to pay any taxes or assessments levied or assessed against said real estate, Seller may pay said taxes, or assessments and the amount so paid shall become part of the principal due under this contract. IV. Buyer shall he enti +,_1ePot7-Possession of the said premises on the m day of March, 11985, and thereafter, so long as Buyer shall comply with the terms of this contract, but r_rpon failure to comply with the terms or any part thereof, the. riguC of the Bever to possession shall terminate and Buyer shall thereupon she rider possession of said premises to Seller, should said default Terrain uncured for the said sixty r60i days rafter notice thereof to Buyer.