In cases where the vendor of real estate has given a bond or other writing to convey the same on payment of the purchase money, and such money or any part thereof remains unpaid after the day fixed for payment, whether time isor isnot of the essence of the contract, the vendor mayfile apetition askingthe court to requirethe purchaser to perform the purchaser’s contract, or to foreclose and sell the purchaser’s interest in the property.
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