Common use of REMEDIES OF THE PARTIES Clause in Contracts

REMEDIES OF THE PARTIES. a. If Buyers fail to perform any of their obligations under the terms of this Contract, then Sellers, in addition to retaining the 15% down payment made on the day of auction and in addition to any and all other legal and equitable remedies which they may have, at their option, may proceed to forfeit and cancel this Contract as provided by law (Chapter 656 Code of Iowa). Upon completion of such forfeiture Buyers shall have no right of reclamation or compensation for money paid, or improvements made; but such payments and/or improvements if any shall be retained and kept by Sellers as compensation for the use of said property, and/or as liquidated damages for breach of this Contract ; and upon completion of such forfeiture, if the Buyers, or any other person or persons shall be in possession of said real estate or any part thereof, such party or parties in possession shall at once peacefully remove therefrom, or failing to do so may be treated as tenants holding over, unlawfully after the expiration of lease, and may accordingly be ousted and removed as such as provided by law.

REMEDIES OF THE PARTIES. a. If Buyers fail to perform any of their obligations under the terms of this Contract, then Sellers, in addition to retaining the 1510% down payment made on the day of auction and in addition to any and all other legal and equitable remedies which they may have, at their option, may proceed to forfeit and cancel this Contract as provided by law (Chapter 656 Code of Iowa). Upon completion of such forfeiture Buyers shall have no right of reclamation or compensation for money paid, or improvements made; but such payments and/or improvements if any shall be retained and kept by Sellers as compensation for the use of said property, and/or as liquidated damages for breach of this Contract ; and upon completion of such forfeiture, if the Buyers, or any other person or persons shall be in possession of said real estate or any part thereof, such party or parties in possession shall at once peacefully remove therefrom, or failing to do so may be treated as tenants holding over, unlawfully after the expiration of lease, and may accordingly be ousted and removed as such as provided by law.

REMEDIES OF THE PARTIES. a. If Buyers fail to make the payments aforesaid, or any part thereof, as same become due or fail to perform any of their obligations under the terms of this Contract, agreements as herein made or required; then Sellers, in addition to retaining the 15% down payment made on the day of auction and in addition to any and all other legal and equitable remedies which they may have, have and at their option, sole option may proceed to forfeit and cancel this Contract contract as provided by law (Chapter 656 Code of Iowa). Upon completion of such forfeiture Buyers shall have no right of reclamation or compensation for money paid, paid or improvements made; made but such payments and/or improvements improvements, if any any, shall be retained and kept by Sellers as compensation for the use of said property, property and/or as liquidated damages for breach of this Contract ; and upon contract. Upon completion of such a forfeiture, if the Buyers, Buyers or any other person or persons person(s) shall be in possession of said real estate the Real Estate or any part thereof, such party or parties in possession shall at once peacefully remove therefromtherefrom or, or failing to do so so, may be treated as tenants holding over, over unlawfully after the expiration of lease, a lease and may accordingly be ousted and removed as such as provided by lawin accordance with the laws of the State of Iowa.