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as follows: A. B. ~,)' c. " D. E:. F. I" -5- 84- 08151' 16. Time is of the essence of this Agreement. 15. During the life of this Agreement, Second Party 'ag~~es to make the principal and interestpaym;ents required herein, to not permit any foreclosure of mechanics' or materialmens' liens against the premises, to not abandon or modify the premises to not permit waste on the premises and the improvements thereon, to pay all utility charges and garbage charg~s against the premises before the same become delinquent, to carry adequate comprehensive liability coy" erage on the premises to protect the parties from bodily-injury and property-damage claims and judgoents. The coverage shall be in amounts<, not less than $100,000/$300,000 for bodily in.. jury and $50,000 for property damage, and G. to pay all real estate taxes ci.nd assessments before the same become delinquent. Party fails to make any payment due herem1der or fails to any of the terms of this Agreement as required of him for of 15 days after the same is due or to be performed, then the, entire unpaid balance due and owing hereunder shall become immed- iately due and payable, at once, at the option of First Party. After the expiration of such period of default, First Party shall be entitled to foreclose this Agreement as provided by law or take such other and further remedies as may be available at law. Any waiver by First Party of the time or manner of payment or of the time or manner of performance of acts required by Second Party on anyone occasion shall not constitute a waiver of any right or First Party to demand subsequent payments or performance by the ment. Second Party when due in accordance with the terms of this Agree- 17. Second Party shall not have the right to prepay any or all of the unpaid principal balance on this Agreement without the written consent of Fir6t Party. 18. First Party has personal property stored in the base- L ment of the premises. The parties agree that First Party may le!1ve such items in the basement until July 1, ]981. "he perwnHl "roperty In '206 E!lst 4th Str~et c9n!!i sting of free ,tl!<ndj ng "hel ving "h~ll l,,, rOOt<)Vt'<:! \':1' tll", First Party On or h~for~ Janul'ry 2, 98"1.