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period of seven (7; years, ~~.id monthly payments tc irciude interest at the rate of 9% per annum computed monthly and *_o be applied first to accrued but u,~paid interest on the cnpaid balance of princiual to date of payment and - then to Z:.rincipal. b) after payments as set cut herein have }loon dulu made for a period of seven f7) years, there will remain on the contract an outstanding balance as per : the payment schedule attached hereto, a~ which time all sums payable in accordance witt'r the terms and conditions of this contract are Sae and ewirq. (c; Buyer shah ha°~-e -the privilege of paying, at any time, any sum or sums in addition to the monthly payment_snerein provided in increments of at least j100.00; provided, however, that the Buyer will be responsible for the payment of any prepagr,~ent fee which Seller may be responsible for as a result of said prepayment. (d) Should Buyer fail to pay any installments due under this contract as set *orth herein, then the anpaid princiFiaZ i;alance snail bear interest at the ma xinrum legal rate during the r~eriod oz delinquency. (e) All payments due hereunder sha d be made to the Seller on r he*ore the 1s*_ day of each month at such loc?tion as the Seller may designate in writing during the pendency or the contract. II. ?. TeLYES: Se11 er agrees to xy the pr. operty taxes on the real property and tFre roobilo home for the year 1981 and alt prior years. The taxes for 1982 shall be prorated to thE' data of closing based upon the i581 taxes. Duri.ny t`'~e pendency of the contract, Busier will be responsible for the payment of a1i taxes, special assessments and upon raasonable demand, will furnish to the .4e11er evidence of nay~ment of the same.