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- of this contract at the time the same falls dne and prior to the
delinquency thereof. including installment payments to the Sell-
ers, and if such default continues for Thirty (30) days, Sellers
at their- option may:
A. Declare a .forfeiture of Buyers' rights
- - ~ hereunder and cancel ,this contract. On such. election, all right,
title and interest of the, Buyers hereunder shall cease and de-ter-
mine and all payments .therefor ~~ade by Buyers shall be retained
by the Sellers as liquidated damages and as rental for the use -
and occupancy of the .property.. _ -
- B. In lieu of declaring a_forfeiture,-accele-
rate and bring an action for the balance of the -purchase price
remaining due, or for any other relief available in law or -
equity, including suit to recover any payment or payments made-by
the Sellers and repayable to the Buyers hereunder, it being stip-
- ulated and agreed that such obligation to re-pay is a segarate
and independent co•~enant -of the Buyers. No action to recover any
payment .or payments so made by the Sellers shall constitu±e a
- waiver of the rights to proceed otherwise with respect to any
subsequent dsfault. _ - - .
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- C. No waiver by the. Sellers of any default of
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the Buyers shall be construed as a waiver of•any subsequent de-
fault.. ~ -
~ - 10. The parties acknowledge that default shall be
construed as having occurred hereunder when the payment as re-
quired by the Buyers shall have been delayed or not-made within
Thirty: (30) days of the due date thereof . -
11. It is agreed -that the Sellers shall continue
to be responsible for all Mortgage payments due GDV-FINANCIAL
CORPOkATIUH, and to keep current in all resQects those provisions
ag set-forth in the Mortgage and Note due the said Mortgagee. In
the event Sellers shall default in the performance of-any of
- their obligations thereunder,. Buyers ~ shall have the right to cure.
such default and to apply the .full amount of any monies so-paid
to the reduction of the indebtedness due the Sellers under the
HAROLD M.tiOI.~MAN terms of this A~ar.eement.
ATT011lY AT !AM _ _
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