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I 83- OC14975. r said mortgage payments when due, Buyer may elect to make sa.id mortgage payments to the Mortgagee. Any such payments mad~Lby the Buyer shall be credited against any payments of principal and interest due from Buyer pursuant to the terms. of this contract:. Upon payment in full of the contract, Seller agrees to pay in full any remaining mortgage balance and to deliver title to the Buyer free and clear of this encumbrance. C. Buyer agrees not to place, or to allow to remain if placed by others, any liens or encumbrances upon the real estate until Seller has been paid in full under this contract. Seller hereby consents to the COllateral assignment of this oontractby Buyer to H. William Desch, ,Ir. as security for the purchase by Buyer of the common stock of H. -William Desch, Jr. in Desch-Paine Monuments, Inc. and Scheffels, Inc. D. A Warranty Deed conveying the real estate to the Buyer is being executed concurrently with the execution of this contract. Said deed and the abstract shall be placed in escrow with the Escrow Agent hereinafter named, and upon full payment of all principal installments and accrued interest by the Buyer and the performance by the Buyer of all covenants and conditions which, by the terms of this contract, are to be performed by the Buyer, or his heirs, successors, nominees or assigns, the Buyer shall be entitled to the delivery of the deed and abstract from the Escrow Agent herein<lfter named. SUfficient revenue stamps shall be placed upon said Warranty Deed at the expense of the Seller. IV. Remedies on Default A. Tn the event that the Buyer is in default for a thirty (30) day period on any payment due under this contract, and if the Buyer has not cured the def,'1ult within fifteen (15) clays after the receipt c,f i1 written notice thereof by the Seller, the. entire amount owing on this contract shall become due and payable at once without further notice to the Buyer. After the option is exercised by the Seller ilOa written notic€' is given to the Buyer as provided hereinabove, the Seller may foreclose this contract in the manner provided by law for the foreclosure of real estate mortgages. Failure on the part of the Seller to exercise any option or remedy at the time of any default shall not operate as a waiver of the right of the Seller to exercise such option or remedy for the same or dny subsequent default at any time there- after. B. Additionally, in the event the Buyer otherwise breaches any other terms or conditions of this contract, the Buyer shall likewise be deemed to be in default, and the Seller shall have the same remedies as though the Buyer was in default of any pay- ment as prOVided hereinabove at Paragraph A of this Article. -3- ~ L L r lJ .-J