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L. 84........ 004001 for one party hereto to make the Other partY'spaymentccdt1~l1e1:'?c'( 'llIlder,.. within the time above setforth,the];1 itisa!5::t'g~~1:>yi.b'o1ih" partiestha t. ctheywill.meet anli' mutually agreeuPBnth~'va:l such defaulting . party' s interest.. in its mortgaged "ll;t;'oper: further. agrees. to sell. suchpartyalloft:he#rfgp:ty interest in and .to the defaulting party' spcroHertyi~t. ....t'u such terms and conditions as the par:tiesmay mutuallyag!ee'; 3. In the event of a default inthepaymentbyo];1ep~rty hereto and the parties are unable to agree as to thevaluE!ct:()' be placed upon the defaulting; party's property in cQnnectio1;l' , wi th the sale of the same to the other party; then the;p~rties' agree that within fifteen (15) days after they' areooabTet:o' agree on a sale price of the defaulting party' sproperty, each party shall select a real estate appraiser of their own chod:ce and such two appraisers shall select a third apprais'e.r,and-siaid three appraisers shall appraise the interest to be solclwith:i.n thirty (30) days after their appointment ,and the valuatior:Llll/iLced on said property by the three appraisers shall constitutetl:1esale price for said interest and both parties agree to be boood by said" appraisal and the defaulting party agrees to enter intoa.con.tract' for the sale of their property using said appraised price as. the sale price for such interest, and further agree to complete: the sale within a reasonable time and convey the same to the party not in default, The parties contemplate that in the event of a sale, the same shall be completed within 120 ,,"ys after the default in payment by either party here~n, 4. In the event that neither party can raise funds suffi- cient to make the payments due hereooder as above set forth within ten (10) days before the same is due and payable, then both parties agree to sell the entire mortgaged property as a unit, either at private or public sale, for the best price obtainable. From the proceeds of any sale of the property, the above describea mortgages in favor of The Equitable Life Assurance Society of the United States shall be paid as well as other taxes and encumbrances, and the net proceeds from the sale of said entire tract divided between the parties as they can mutually agree, or in the event of their inability to agree as to the division of the net proceeds based upon said sale price, then such division to be based upon the appraisal method as set forth in Paragraph 3 above. - 2 - L L u -l