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11 <br />8. DEFAULT AND REMEDIES. <br />In the event of the default by the Buyers in any of the <br />obligations binding upon them under this Contract, time being of <br />the essence, and if such default has not been remedied within ten <br />(10) days after written notice of such default has been given to <br />either of the Buyers, their agents, Or assigns, the Sellers may <br />pursue all legal remedies available to them, including but not' <br />limited to the following: <br />A. To declare the entire principal balance and <br />accrued interest then owing to be forthwith <br />due and payable and to commence foreclosure <br />or strict foreclosure; <br />B. To thereafter charge sixteen (16) percent <br />interest until such default is remedied; <br />C. To proceed to pay any delinquent real estate <br />taxes, delinquent special assessments or <br />unpaid insurance premiums. if the Sellers <br />pay any of such items, the amount of such <br />Payments shall bear interest at sixteen <br />(16) percent per annum from payment to <br />repayment by Buyers. Repayment to the <br />Sellers for any such payments are forthwith <br />payable by the Buyers, and the amount of <br />such repayment is so-cured by this agreement® <br />D. Sellers may also incur reasonable expenses <br />for making repairs to the premises and im- <br />provements thereon and for keeping the <br />landscaping in a neat, mowed and trimmed <br />condition. Sellers may also expend reason- <br />able amounts to meet any other obligations <br />binding upon the Buyers as set forth in <br />this Contract. Any such amounts are forth- <br />with due and repayable by the Buyers, shall <br />bear interest at sixteen (16) percent per <br />annum until repayment, and such repayment <br />is secured by this agreement. <br />Waiver of any one default shall not constitute a waiver <br />of any other default. Sellers or their agents may inspect the <br />improvements and promises at any reasonable time. <br />Li <br />