REAL ESTATE SALES CONTRACT

            This Real Estate Sales Contract and Agreement is made and entered into this day of
            ,  by and between _____________________________party of the First Part, and
                                                                 Party of the Second Part, as:
                                A Single Person,
                                Joint Tenants, with Full Right of Survivorship, the whole Estate to vest in the
                                    Survivor in the event of the death of either,
                                Tenants in Common, whose contact information is as follows;
            Home Address: Home Telephone Number:   

            Email Address:

            That Party of the First Part, hereinafter  referred to as Seller or Sellers, are the owners of the following Real Property, 
            situate in  County, State of , to-wit:   

Assigned Lot and Legal Description will be entered here.

            Whereas, Party of the Second Part, hereinafter referred to as Buyer or Buyers, desires to purchase said Real Property for 
            the sum of U.S. Dollars ($) to bear Interest at the rate of 10% per annum, said
            Principal in the amount of $ and Interest in the amount of $,  for a total Principal & Interest amount 
            of $ U.S. Dollars and to be paid at the rate of $ U.S. Dollars per month for a Term of 
            years (months), beginning on   , and continue on the same 
            day of each and every month thereafter, until paid in full.

                       1.        IT IS FURTHER AGREED AND UNDERSTOOD by the Parties, that "Time is of the Essence" 
                                  of this Agreement.

                       2.        IT IS FURTHER AGREED that Buyer is of legal age and mentally sound to enter into
                                  this Legally Binding Contract.

                       3.        IT IS FURTHER AGREED that Buyer is purchasing Raw Unimproved Land, AS IS and
                                  WHERE IS.

                       4.        IT IS FURTHER AGREED that an Abstract of Title or Title Insurance shall be at the Buyers'
                                  expense, time, and efforts.

                       5.        IT IS FURTHER AGREED that Seller will cause to Execute, Record and Deliver to Buyer
                                  a good and sufficient Deed, when said property has been paid in full.

                       6.        IT IS FURTHER AGREED that Buyer will not cause a lien on any portion of said property, until said
                                  property is paid in full.

                       7.        IT IS FURTHER AGREED that Buyer will abide by any and all City, County, and State
                                  ordinances, laws, easements, covenants and restrictions, as recorded.

                       8.        IT IS FURTHER AGREED that Buyer will reimburse Seller for all Annual Property Taxes, Maintenance
                                  or Association Dues/Fees, if any, hereinafter assessed. All taxes to be prorated, accordingly, including any
                                  future assessments that may be implemented by a Government Agency, within fifteen (15) calendar
                                  days of receiving such notification. Failure to reimburse the full amount due within fifteen (15) calendar
                                  days of receiving notification, will cause Buyer to be in Default of this Sales Contract.     

                       9.        IT IS FURTHER AGREED that Buyer will make immediate notification to Seller of
                                  any change in home address, telephone numbers and Email address.

                      10.       IT IS FURTHER AGREED that Buyer shall complete and have Notarized, this Real Estate Sales
                                  Contract and return the Original Sales Contract to Seller within five (5) calendar days of
                                  receipt thereof.               

                      11.       IT IS FURTHER AGREED that Buyer shall deposit a one time Processing Fee of Twenty
                                  Five Dollars ($25.00) to a specified account or payment method determined by Seller. Information 
                                  will be provided to Buyer via Email or phone.

                      12.       IT IS FURTHER AGREED that all monthly payments will be directed through Sellers' selected accounts, names
                                  and payment methods. Late payments received after payment due date may be assessed a late penalty
                                  fee of $10.00 and is at Sellers' option.

                      13.       IT IS FURTHER AGREED that this Contract has an "Acceleration Clause" whereby, if
                                  any portion of this Sales Contract is found to be in Default on behalf of the Buyer, the
                                  Seller may declare this Sales Contract in default and declare the entire amount owed,
                                  immediately due and payable.

                      14.       IT IS FURTHER AGREED that this Sales Contract has a "Prepayment Privilege." Any additional
                                  monies paid must be at full monthly payment amounts and will be attached to end of payment/
                                  amortization schedule. The Principal Balance can be paid-in-full at any time during the Term of the
                                  Loan, without Penalty.

                      15.       IT IS FURTHER AGREED that upon the Seller declaring this Sales Contract in Default, the
                                  Buyer hereby agrees to immediately relinquish all control of said property to Seller. Buyer
                                  agrees to pay all Attorney and Court Fees of the Seller, at Seller's option.

                      16.       IT IS FURTHER AGREED that Buyer will not hold Seller responsible for condition of Property 
                                  and for roads to herein described Property. Seller will not install or maintain roads. Seller does not
                                  guaranty accuracy of roads and property lines in, to, or around said property, or, installation of any
                                  roads platted but not installed. Seller is not responsible for any surveyed Lot or any Lot that has
                                  not been surveyed. Any surveying shall be at the expense, time and efforts of the Buyer.

                      17.      IT IS FURTHER AGREED that the Principal Balance can be paid-in-full at any time during the
                                 Term of the Loan, without Penalty. 

 

       

 


This is the entire Sales Contract between the Parties, including Pages 1-3 and 
Items 1-17 inclusive. Neither Party shall be bound by any verbal representation 
altering or amending the Terms of this Sales Contract and Agreement.

Buyer is advised to conduct their own Due Diligence regarding said property.
Seller makes no expressed or implied guarantee of quality or condition of said property.

 

THIS IS A LEGALLY BINDING CONTRACT.
IF NOT UNDERSTOOD, SEEK COMPETENT ADVICE.

 

 

                   

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