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LAND SALE CONTRACT
The first party (henceforth known as Buyer) agrees to purchase from the
secon party (henceforth known as !eller) the lan (henceforth known as
"an) locate at the following aress# {address}$ in the city of {city}$ county of
{county}$ an !tate of {state}. %urther legal escription of the "an is as follows#
{details of the Land, perhaps using the description listed in pulic record}
This Contract is e&ecute on {date}$ {year}.
The following terms an conitions apply to this Contract#
'. !rice" Buyer agrees to purchase the "an escribe abo(e$ paying a total
purchase price of {a#ount in dollars}. Buyer will pay {a#ount in
dollars} for a own payment$ an thereafter payments will be mae
monthly. )onthly installments will be in the amount of {a#ount in
dollars}$ incluing a {nu#er}* interest rate$ to be etermine by
{description of ho$ interest rate $ill e co#puted}. !ai payments will
start on the {date} of {#onth}$ {year}$ an be ue on the {date} of e(ery
month until such time as the entire payment amount has been satisfie.
+. Late fees" Buyer agrees to pay the monthly installment on the ue ate$
with the unerstaning that a {a#ount in dollars} late fee will be ae
to the monthly payment if sai payment is more than {nu#er} ays late.
,. End of contract" The entire balance must be pai by the {date} of
{#onth}$ {year}. -f there is a remaining balance on this ate$ the interest
on sai balance shall be {nu#er}*$ with a {a#ount in dollars} late fee
applie e(ery ay month until the balance is pai in full.
.. Default" -f Buyer oes not pay {nu#er} payments on time$ !eller has
the right to eclare Buyer in efault of this Contract.
/. Title" 0pon final payment$ when entire purchase price has been pai in
full$ Buyer agrees to pro(ie !eller with the title(s) an1or ee(s) to the
"an. !eller further agrees to relin2uish any an all claims to the "an.
Buyer agrees to remo(e !eller from any liability with regar to issues that
arise after the ate of the title transfer. Buyer agrees to take complete
responsibility$ financial an otherwise$ for the "an upon title transfer.
3. %nsurance" !eller agrees to maintain a ha4ar insurance policy on the
"an of no less than {a#ount in dollars& until the completion of the
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payment plan$ at which point any insurance becomes the responsibility of
Buyer.
5. Ta'es" 6ll ta&es on the "an shall be the responsibility of Buyer as of the
ate of this Contract.
7. ADD%T%ONAL TER(S"
{insert description of any other ter#s agreed upon y oth )uyer
and Seller* #ust e inserted prior to the signing of the docu#ent}
This Contract is e&ecute on the {date} of {#onth}$ {year}.
8e$ the unersigne$ agree to this Contract an all its terms.
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!eller (Print 9ame) :ate
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!eller !ignature :ate
_______________________________________ ________________
Buyer (Print 9ame) :ate
_______________________________________ ________________
Buyer !ignature :ate
_______________________________________ ________________
8itness (Print 9ame) :ate
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8itness (!ignature) :ate