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I 84-- .,,- r event of such advanae, all such monies shall draw interest at the rat~e of 14% per annum until p<1id. Se1ler agrees that in the event ofloss,proce~ds to be divided between Buyer and Seller as their respective int~restsCappear. Thi,s p<1ragraph shall act as an assignment of same uponpresel1tation to~an ins-uror of - sai.d- premises. 5. possession. It is agreed that Buger the real esta~e 011 September 1, 1980, the date of closing,/:wd entitled to retain possession so long as he' complies with the' Agreement. 6, Waranty Deed - Escrow. Seller and Buyer agrwthirtFidel:itg, Title Company of Lincoln shall serve as Escrow Agent under' thisAgree~nt; upon the following cerms and conditions: a. Seller and Buyer agree that the cost of the Escrow Agent shall be borne equaJly bet-Neen the p<1rties hereto" b. Seller agrees to execute a Warranty Deedconveging their interest in and to the above-described real estate:co-the Buyer, free of all liens and encumb.rances -' except - easements and restrictions of record, if any" and to . ~liver said Deed to the Escrow Agent and to direct said Escra.' ,:lent to deliver said Warranty Deed to Buyer upor. ,erformance of the terms or chis Agreement by the Buyer. c. Seller agrees that the escrow Agent shall deliver the Warranty Deed to the Buyer at such time as the outstanding balance due hereunder has been paid in full by the Buyer to the Seller, and Seller so notified the Escrow Agent. d. Seller and Buger agree that all State Documentary Stamps assessed in connection with the filing of tile Deed shall be paid by Seller and flling fees for re<lOrding of the deed will i~ paid for by Euyer~ Buyer will be given credit for the document3.ry stamps at tl':l! rime of clusing... €. Buyer agrees to execute an place in esCIOw-d -Quit Cla.im Deed to Seller of Buyer's interest in said property with instructions to the E;scrow that said Deed ,is to be delivered to the Seller upon default of Buyer as provided in Section 8 herein. S_ller's Remedies on Buyer's L~fault. In the event Buyer shall default und,... the terms and conditions of this Agreement, the Seller shall have the following rezoodies: L a. Defaul t as used in t he Agreement shall mean the breach by the Buyer of any of the terms, covenants and con- ditions of the Agreement imposed upon it. Default shall not occur unt~il thirty (30) days have expired from tile date upon which the Buyer should have performed and then in that event tlle Seller shall give the Buyer w~rittel) notice of such default a.nd if the same shall not have been remedied within thirty (30) days after the dace of such written notice, then the Selle.l~ mayI' at its options declare all amounts due and owing by virtue of this Agreement, together wi th any advancements _de by the seller hereunder immediately due and p<1yable. In that event the Seller or its SU-C<..-""€Bsor in inte-r-est .may proceed to foreclose the Buyer o[ all ot- its right, title and intere-st in a,nd to th~ above-d~~scribed redl estate or at its option, elect to request specific ~~rformance or exercise any other r~y at la... or equity which may be applicable to this ,~gr"""'ellt, Upon default, the Seller~ shall be entitled to re-enter and take posse$Sion of the .pH,mise... In tlle event of defaul t, tlle Buyel.~ speeiEically iilgrees to pay ..1.1 reasonable attorney's fees <'I,d costs ...hieh !Oily hav8 beeIlirn;'urred by the Seller occasioned by the de.fa.u_l. t of the Buyer of the terms I covenants ~lld condi t ions of this Agree~nt impoSed upon it.