80-83 Land Installment - Armory property

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after Seller gives notice to Buyer of Buyer's failure to observe or perform said provision, covenant or condition; (3) if Buyer abandons the Premises during the continuance of this contract; (4) if an order for relief under any bankruptcy laws of the United States is issued naming Buyer as debtor or if Buyer makes an assignment for the benefit of creditors or enters into a composition agreement with Buyer's ~reditors; (5) if the interest of Buyer in the Premises is attached, levied upon, or siezed by legal process; (6) if a trustee, receivor, or liquidator is appointed on behalf of Buyer; {7) if 'this contract is assigned in violation of its terms or is terminated by operation of law. In any of such events, Seller may, upon notice to Buyer as required by law, initiate proceedings for the foreclosure or forefeiture of Buyer's interests in this contract and in the Premises. The liability of the Buyer under this contract shall be limited to the real estate being purchased. NONWAIVER; RIGHT TO CURE DEFAULTS; REMEDIES. Neither the failure by Seller to exercise any of Seller's options hereunder nor Seller's failure to enforce Seller's rights or seek Seller's remedies upon any default nor ac- ceptance by Seller of any payments occurring before or after any default shall effect or constitute a waiver of Seller's rights to exercise such option to enforce such rights or to seek such remedy with respect to that default or to any prior or subsequent default. If Buyer fails to pay by their respective due dates any charges or other obligations to be paid pursuant to the terms hereof, or fails to perform any other duties which Buyer is required to perform hereunder, then Seller, at Seller's option, may do so and the amount of any such expenditure by Seller, plus accrued interest at the rate of nine percent (9%) per annum from the time such expenditures is made until reimbursed, shall immediately become due and payable to Seller. -6-