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the Grantees. The Revenue Stamps on the warranty deed shall be
the responsibility and expense of the Grantors. All such
expenses and charqes shall be paid to the Escrow Agent at time of
closing.
5. In the event of any default in the payment of any part
of the purchase money as and when it becomes due or in the per-
formance of any other obligations assumed by the G rantees under
,
_ this aqreement, incluc~ing, but not limited to, installment pay-
ments as provided in Paragraph 1(C) of this aqreement, and in the
event that the default shall continue for a period of thirty (30)
days after written notice by the Grantors to the Grantees, then
the Grantors at their option may:
A. Consider the whole of the balance due under this
agreement as immediately due and payable and collectible.
B.~ Declare a forfeiture of Grantees riqhts and cancel
this Agreement for Deed. On such election, all right, title and
interest of the Grantees hereunder shall cease and terminate and
all payments therefor made by the Grantees shall be retained by
the Grantors as liquidated damages and as rent for the use and
occupancy of the property.
C. In lieu of declarinq a forfeiture or acceleration
for the balance of the purchase price remaininq due, may brinq an
action for any other relief available in law or in equity,
including suit to recover any payment or payments made by the
Grantors and repayable by the Grantees hereunder, it beinq stipu-
lated and agreed that such obligati~n to pay is a separate and
i:~dependent covenant of the Grantees. No action to recover any
payment or payments so made by the Grantors shall constitute any
waiver of their rights to proceed otherwise with respect to any
subsequent default.
D. No waiver by the Grantors of any default of the
Grantees shall be construed as a waiver of any subsequent
default.
6. It is agreed and understood by the parties hereto that
the Grantors shall continue to be responsible for all mortgaqe
payments due CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF STl ~~
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