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I 83- 001750 certified mail. The escrow agent, on receipt of proof of notice and after the expiration of thirty (30) days, shall deliver the deed or deeds to the Purchasers. The opening escrow fee is to be paid by Vendors and the closing escrow fee is to be paid by Purchasers. Purchasers agree to commit no waste on the real estate sold hereby and to keep said real estate and improvements thereto in good repair. Purchasers further agree to pay the reasonable cost of any attorneys fees incurred by Vendors if necessary to enforce the terms of this contract. Purchasers, in consideration of the execution of this contract, do hereby assign, transfer and set over to the Vendors as security for the payment of this contract so long as the con- tract remains executory and unperformed by the Purchasers, all of the rents and revenues derived from any rental of the real estate, and the Purchasers, during this time, hereby authorize the Vendors to rent the premises and to collect the rents and apply the rentals to the payment of any obligations or sums due Vendors under this contract. On full performance by the Purchasers, this assignment shall be void. It is further agreed by and between the parties hereto that if the Purchasers should fail, refuse or neglect to pay the pur- chase money and interest thereon as herein provided or should fail or neglect to pay any taxes or assessments before they be- come delinquent, or should they fail to keep and perform any of the other terms and conditions of this agreement on their part to be kept and performed as herein provided, then the Vendors at their option may, if such defect is not cured within a 20 day notice in writing, declare the whole amount of the purchase price remaining unpaid at once due and collectible and maintain an action at law or equity to recover that amount or to foreclose this contract, and the commencement of such action shall be the only notice of the exercise of such option required. It is further agreed that failure to exercise these options, or any of them, by the Vendors at any time shall not constitute a waiver with respect thereto or with respect to any subsequent breach of the terms of this contract by the Purchasers. The Purchasers further agree to carry appropriate liability insurance on said premises and fire and extended coverage on insurable improvements on said premises, in appropriate amounts, with the Vendors named as additional insureds thereunder. The parties hereto respectively bind themselves, their heirs, assigns, successors and legal representatives, to the faithful performance of the terms of this agreement. This contract shall -4- L -1 L