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<br /> ~ ~ ," <br /> .. <br />after Seller gi ves noti ce to Buyer of Buyer's fail ure to observe or perform <br />said provision, covenant or condition; (3) if Buyer abandons the Premi ses <br />during the continuance of this contract; (4) if an order for rel ief under <br />any bankruptcy 1 aws of the Uni ted States is issued nami ng Buyer as debtor or <br />if Buyer makes an assignment for the benefit of creditors or enters into a <br />compositi on agreement with Buyer's creditors; (5) if the interest of Buyer <br />in the Premises is attached, levied upon, or siezed by legal process; (6) if <br />a trustee, receivor, or li qui dator is appoi nted on behalf of Buyer; (7) if <br />this contract is assigned in violation of its terms or is termi nated by <br />operat i on of 1 aw. In any of such events, Seller may, upon notice to Buyer <br />as requi red by 1 aw, initiate proceedings for the foreclosure or forefeiture <br />of Buyer's interests in this contract and in the Premises. The liability of <br />the Buyer under thi s contract shall be 1 imi ted to the real estate bei ng <br />purchased. <br /> NONWAIVER; RIGHT TO CURE DEFAULTS; REMEDIES. Neither the failure <br />by Seller to exercise any of Seller's options hereunder nor Seller's failure <br />to enforce Seller's rights or seek Seller's remedies upon any default nor ac- <br />ceptance by Seller of any payments occurri ng before or after any defaul t <br />shall effect or constitute a wai ver of Seller's rights to exercise such <br />option to enforce such rights or to seek such remedy with respect to that <br />default or to any prior or subsequent default. <br /> If Buyer fails to pay by their respective due dates any charges or <br />other obligations to be paid pursuant to the terms hereof, or fail s to <br />perform any other duties which Buyer is required to perform hereunder, then <br />Seller, at Seller's option, may do so and the amount of any such expenditure <br />by Seller, plus accrued interest at the rate of nine percent (9%) per annum <br />from the time such expenditures is made until reimbursed shall immediately <br />become due and payable to Seller <br /> -6- <br /> <br /> <br />-' <br />