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<br />b. /:{o act of the. Seller, except ror the ~c6e.ptanqe,!f
<br />p;;lym<!nts. of principal and interestdfJ.e aIl~owingundertlli!l
<br />Agreement,sh<lll. oper~te as a waiverdftheSel1ef'sI'i9;~tto
<br />exercise any remedy which it: may have "at:. law or "qu.t.tlj for
<br />the same or any subSe<[uentdefaultby the l)uyer at. any 'time'.
<br />thereafter.
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<br />8. Assigment of Rents, . Buyer agrees'thattfUs
<br />shall constitute an Assignment of Rents to become .effective
<br />that upOn default, the Seller may collect rents from any
<br />sion and apply said rents to any unp;;lid balance,
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<br />9. Miscellaneous Provisions.
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<br />a, Buyer shall keep the premises in good repair at ,,11
<br />times during the term of this Agreement, and.Buyer will cause
<br />all bills for labor- iiT!d materials in connectiOl};~wi-th sa-,ld pre...:..
<br />mises, to be p;;lid and will not suffer mecha,nic's liens to be
<br />filed against the real estate.
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<br />b, Risk of loss to the date of possession shalL be borne
<br />by the Seller, and thereafter shall be bor...' bl.J8uger.
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<br />'1......:1 ..J'~"J..:..__.~ _L ___ ,~_:__ .....1..__ ...._')1__ ~_-,___
<br />...... L'U........l.. I,.iC,".l..VC.L~ V.L }-"J::>~- :;>'~.J..lJU, '-i~ .':H:::-.l...J..t::',t;- a:9,.{,C'l;'~ LV
<br />maint:ain the improvements located upon the real estate in
<br />re~sonable condi~ion and any work or services rendered to
<br />keep the improvements in such condition shall be at the
<br />Seller's expense,
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<br />d. This Agreement recites all of the terms, conditions
<br />and covenants under which the real estate is being sold by
<br />Seller to Buyer, an no oral representations whatsoever have
<br />been made that are not co~"'tai1Jed herein and that no aLter-
<br />ations~ amendments or modifications of the terms hereof shall
<br />be binding unless first reduced to writing and signed by all
<br />the parties hereto.
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<br />e. Buyer and Seller respectively bind their heirs, execu-
<br />tors, administrators and assigns to the faithful performance of
<br />the terms of the Agreement_
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<br />f. This Agreement is not assignable by the B~yer with-
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<br />aut the prior writt~7 consent of the Saller, including the right
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<br />to determine the prospective assignees' financial status~ The
<br />Buyer further agrees not to encumber the above-described real
<br />property except that should the property incretlse in value in
<br />excess of 25\ of its current value, then any value above that 25%
<br />can be used as cO.llateru:,l for lOrns, tlst:d for mortgage purposes
<br />or ott~rwise encumbered L~ the ~~1~r, SQ long as such encumberment
<br />does not har.. or Jepar-di"e (ae equity and interest of the Saller
<br />herein. The above value would be determined by a licensed real
<br />estate appraiser.
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<br />g. This t_l'ansaction sr~ll be closed on or be-tore September 1,
<br />1980, or as thereafter mutually agreed bet...~n the p;;lrties hereto.
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<br />h. The parties hereto mutually agree to execute all instru-
<br />ments necessary to effec~uate the intent of this Agreement.
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<br />i.. It is agreed betWf-"eli the parties hereto t hat time shall
<br />be of the essence in the execution dnd delivery of thi.s Agreement..
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<br />j. The titles of the p;;lragraphs of the Agreement ace inserted
<br />only d$ a matter of convenience- a.nd lor reference and ,in no wety
<br />define, limit Or describe the scope of thIS /;g1<'''''oont or the
<br />in'tent, o;f any provi-sl0!1$ ft('!rt."O.f..
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<br />.It. BUI/er hereunder '''11'e(l8 to be bound b,l ilny and all
<br />e.rms. olany l/J;1ses currently "pon any of the dbove described
<br />cen'tal on1 t ti bein!J purGh.asl~tl tu,-n'f.,;~urul.er. BU!j{;'r :;r>t'~-i fi {~.d.J II}
<br />ft9tev$ to btl !x)ul1d by t:lw t,.(,'rm.s -f.l( .111 ,.J9!'c-~tnt.mt iJetwt.:'("11 St.'llt.'r
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