<p>Agreement For Purchase & Sale Of Real Estate Agreement dated this _________________ day of __________________by and between _________________________________________ hereinafter "Seller" whose address is __________________________________________ __________________________________________ hereinafter "Buyer" (and/or assigns or nominees) whose address is __________________________________________ __________________________________________ 1. The Property. The parties hereby agree that Seller will sell and Buyer will buy the following property, located in and situate in the County of _____________, state of _____________, to wit: known by street and address as _________________________________________________________ The sale shall also include all personal property and fixtures, except Unless specifically excluded, all other items will be included, whether or not affixed to the property or structures. Seller expressly warrants that property, improvements, building or structures, the appliances, roof, plumbing, heating and/or ventilation systems are in good and working order. This clause shall survive closing of title. 2. Purchase Price. The total purchase price to be paid by buyer will be $____________________ payable as follows: Non-refundable earnest money deposit $____________________ Balance due at closing $____________________ Owner financing from seller $____________________ New Loan $____________________ Subject to existing loans $____________________ Sale price is subject to appraisal by buyer and/or agent of buyer's choice. 3. Earnest Money The buyer's earnest money shall be held in escrow by agent of buyer's choice. Upon default of this agreement, seller shall retain earnest money as his sole remedy without further resource between the parties. 4. New Loan The agreement is contingent upon buyer's ability to obtain a new loan in the amount of $___________. Buyer is not required to accept any loan with interest rate exceeding _________% amortized over ___________ years or pay any closing costs or points exceeding $___________. Buyer shall provide seller with written proof of a loan commitment on or before __________, 20 ___. 5. Seller Financing. Buyer shall execute a promissory note in the amount of $____________. In case of default, recourse shall be against the property and there shall be no personal resource against the borrower. As security for performance of the promissory note, buyer shall provide the seller a mortgage, deed of trust or other customary security agreement which shall be subordinate to a new first mortgage not to exceed $________________________. 6. Closing Closing will be held be on or about ____________, 20_________, at a time and place designed by buyer. Buyer shall choose the escrow, title and/or closing agent. Seller agrees to convey title by a general warranty deed. 7. Possession Seller shall surrender possession to the property in broom clean condition, and free of all personal items and debris on or before ________________, 20_____. (possession date) In the event possession is not delivered at closing, buyer shall withhold proceeds from the sale in the amount of $______________ as security. Seller shall be liable for damages in the amount of $_______ per day for each day the property is occupied beyond the possession date. This paragraph shall survive the closing of title. 8. Execution In Counterparts This agreement may be executed in counterparts and by facsimile signatures. This agreement shall become effective as of the date of the last signature. 9. Inspection This agreement is subject to the final inspection and approval of the property by the buyer in writing on or before ________________, 20_______. 10. Access Buyer shall be entitled a key and be entitled to access to show partners, lenders, inspectors and/or contractors and/or contractors prior to closing. Buyer may place an appropriate sign on the property prior to closing for prospective tenants and/or assigns. _____________________________ ________________________ Seller Date _____________________________ _________________________ Seller Date _____________________________ __________________________ Buyer Date _____________________________ ___________________________ Buyer Date </p>