section 3 The buyer agrees to strictly comply with the terms and condition of section 2. In case the buyer is in default of making payment for any installment, regardless of any reason whatsoever or if the buyer is unable to secure money from any other financial institutions to make payment to the seller within the specified time, it shall be deemed that the buyer is in default. if the seller has notified the buyer of such default by email or registered mail and the buyer does not make the payment within the thirty days time of the seller sending the notification to the registered address/office, the seller is entitled to terminate this agreement forthwith and confiscate all payments made by the buyer under section 2, including interest at the highest rate equal to the savings interest of ธนาคารกรุงไทย, calculating from the paid date, and the buyer agrees to waive all rights of claim against the seller. IF the buyer at anytime is more than 30 days in default, the seller is entitled to terminate without notification this agreement forthwith and confiscate all payments made by the buyer under section 2 and the buyer agrees to waive all rights of claim against the seller
section 9
If the buyer dies during the enforcement of this the agreement , the contracting parties agree for the statutory heir of the buyer to substitute all rights and obligations hereunder but the heir must notify such intention to the seller in writing within ninety days from the date the buyer dies. Further, for any payment terms hereunder which are delayed as a result of the death of the buyer , the buyer agrees for the seller to apply the interest rate against the statutory heir or administrator of the estate of the buyer at the same rate charged by the bank, but not less than 15 percent per annum from the outstanding payment due under each installment unit. the seller agrees to tranfer the rights under this agreement to the heir or legatee of the buyer. also the buyer will nominate the fallowing person