In the event that the Buyer fails to make payment as provided for in this Agreement, the Buyer shall pay to the Seller as liquidated damages the interest on the unpaid balance of any indebtedness at the rate of………….per cent (….%) net per annum commencing from the day following the due date(s) until the said balance is fully paid. The payment of such interest as liquidated damages shall not affect any of the Seller’s rights or remedies available to the Seller under this Agreement or under the proper laws