Common use of Entire Unpaid Balance Clause in Contracts

Entire Unpaid Balance. If the Purchaser fails or neglects to cure any default within Thirty ( 30 ) days after the date Seller’s default notice is mailed, then the Seller may, at his option either declare the whole amount remaining unpaid to be then due and pro-ceed to enforce payment of the entire remaining unpaid balance, plus any accrued interest, together with reasonable attorney’s fees, or he may terminate Purchaser’s rights to the Property and retain all sums paid as liquidated damages to that date for the use of the property, and all rights of Purchaser in the Property shall thereupon end. If the final day for curing the default shall fall on a Saturday, Sunday, or non-busi-ness day of the Escrow Agent, then the period for curing the default shall extend to the close of business on the next regular business day of the Escrow Agent. Acceptance by Escrow Agent of any payment tendered shall not be deemed a waiver by Seller, or extension of the time for cure, of any other default under this Contract. In the event of termination, Purchaser hereby waives any and all rights and claims for reimbursement for improvements he may have made upon the Property.

Appears in 2 contracts

Samples: Real Estate Contract (Bowlin Travel Centers Inc), Real Estate Contract (Bowlin Travel Centers Inc)

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Entire Unpaid Balance. If the Purchaser fails or neglects to cure any default within Thirty ( 30 (30) days after the date Seller’s 's default notice is mailed, then the Seller may, at his option either declare the whole amount remaining unpaid to be then due and pro-ceed proceed to enforce payment of the entire remaining unpaid balance, plus any accrued interest, together with reasonable attorney’s 's fees, or he may terminate Purchaser’s 's rights to the Property and retain all sums paid as liquidated damages to that date for the use of the property, and all rights of Purchaser in the Property shall thereupon end. If the final day for curing the default shall fall on a Saturday, Sunday, or non-busi-ness business day of the Escrow Agent, then the period for curing the default shall extend to the close of business on the next regular business day of the Escrow Agent. Acceptance by Escrow Agent of any payment tendered shall not be deemed a waiver by Seller, or extension of the time for cure, of any other default under this Contract. In the event of termination, Purchaser hereby waives any and all rights and claims for reimbursement for improvements he may have made upon the Property.

Appears in 1 contract

Samples: Real Estate Contract (Bowlin Travel Centers Inc)

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Entire Unpaid Balance. If the Purchaser fails or neglects to cure any default within Thirty ( 30 (30) days after the date Seller’s default notice is mailed, then the Seller may, at his option either declare the whole amount remaining unpaid to be then due and pro-ceed to enforce payment of the entire remaining unpaid balance, plus any accrued interest, together with reasonable attorney’s fees, or he may terminate Purchaser’s rights to the Property and retain all sums paid as liquidated damages to that date for the use of the property, and all rights of Purchaser in the Property shall thereupon end. If the final day for curing the default shall fall on a Saturday, Sunday, or non-busi-ness day of the Escrow Agent, then the period for curing the default shall extend to the close of business on the next regular business day of the Escrow Agent. Acceptance by Escrow Agent of any payment tendered shall not be deemed a waiver by Seller, or extension of the time for cure, of any other default under this Contract. In the event of termination, Purchaser hereby waives any and all rights and claims for reimbursement for improvements he may have made upon the Property.

Appears in 1 contract

Samples: Real Estate Contract (Bowlin Travel Centers Inc)

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