Buyer agrees that (a) Time is of the essence of his performance of all obligations under this agreement; (b) Acceptance by seller of an partial or late payment or seller’s failure to object to any default shall not constitute a waiver of any default then existing or thereafter occurring;(c) SELLER MAKES NO EXPRESS WARRANTIES UNLESS THEY APPEAR IN WRITING SIGNED BY SELLER AND MAKES NO IMPLIED WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OR OF ANY OTHER KIND; (d) Buyer will keep all equipment and merchandise purchased hereunder insured in seller’s favor against the risk of fie, theft and accidental physical damage;(e) any credit statement or application made or presented to seller is true and correct.