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<br />_z_ 8I- i~{)298 <br /> <br />5. if Buyer fails to pay any amount duo under the <br />terms of the Contract, of if Buyer fails to perform-any of the <br />other terms, covenants, or agreements to the contraot, or if - <br />Buyer sha11 abandon the sale property, the whole- of the indet#ted- <br />nose due under the Contract, together with any advances made~'by <br />Seller, shall become immediately due and payable at the.~opton <br />of the Sellers without notice or demand, and Sellers may pxoceed <br />to foreclose the contract in the manner provided by law. <br />6. Failure of the Sellers to exercise any optional <br />remedy hereby specified at the time of any default shall not <br />operate a3 a waiver oi_ the right o` yellers to exercise such <br />optional remePy for the same or any subsequent default at any <br />tip thereaTter. <br />7. Buyers have the right to prepay the entire amount of <br />the Contract at any time during the term of the Contract, with <br />no prepayment penalty being assessed against them. <br />8. Buyer specifically will not permit waste on the <br />premises, and keep the premises in good repair, reasonable <br />wear and tear accepted. Huyer shall rot be entitled to make <br />any repairs or alterations an the premises which might result <br />in a lisp against the premises in excess of S1,~d0, without <br />first obtaining the written consent of the Sellers. This pro- <br />vision dces not constitute permission to make any such repairs <br />or improvements not in excess of the foregoing amount. This <br />does not constitute, nor is there any restriction against Huyer's <br />obtaining subsequent mortgactes to this :'lgrc event, subordinate to <br />*_he interests of Sel~.ers. <br />4. it is agreed between the aart~es to the Contract <br />that ne person shall ever be entitled to any liens, directly <br />or indirectly, deriving through or under the Huyers, ar through <br />any act or omission of t;Yem superior to that ir. the Land Sale <br />Cantract reserved to Sellers aeon the land or the improvements <br />thereon. .':li persons `ur-':is i--.~ .~rf suca '_ahor or :~aterials, <br />as well as anI• ,. ersoa;s K=t~o:^:so=.=or. ~ta?.l ~~~ boa:.:': 3=~ the <br />provisions of the t'ontract, and by not~ee3thereef, from and <br />after the date of the `_ili.^.cs of the !~ernorand~sm. <br />10. The Contract shall not be assigned by Huyers without <br />written permission of the Sellers, which permission shall not be <br />unreasonably withheld. <br />ll. The Warranty ~ceci from Sellers to Huyers has been <br />executed and is escrowed under the terms of the Escrow Agreement <br />provided far in the Land Yale Contract, and is to he delivered to <br />Buyers upon completion of the terms and conditions provided for <br />in the Contract. <br />12. The Memorandum of Land Sale Contract is subject to <br />terms, conditions and -estrictions contained in the Land Sale Con- <br />tract between Sellers and Buyers of even date herewith. An;f <br />eon€lict between provisions of this ~Jemorandum anti the Land Sale <br />Contract itself are inadvertent, and in the event of a conflict <br />the grovisians of the Land Sale Contract shall prevail. <br />IJV WSTI~ISS5 WHEItEEUF the parties have executed this "demo.randum <br />this ~t3t day of Jtuie <br />~~ <br />-, ~ ~ <br />SELLERS <br />