CONTRACT FOR PURCHASE AND SALE
PARTIES: ____________________(1)_____________________________, as "Seller", of
______________(2)_________________, Phone: ______________(3)_________________ and
______________(4)___________________ as "Buyer" of _______________(5)
_______________, Phone: _______(6)__________, hereby agree that the Seller shall sell and
Buyer shall buy the
I. DESCRIPTION:
a) Legal description of real estate ("Property") located in _______(7)________ County,
_______(8)_________:
b) Street address, if any, of the Property being conveyed is:
c) Personal property including all buildings and improvements on the property and all
right, title and interest of Seller in and to adjacent streets, roads, alleys and rights-of-way, and:
II. PURCHASE PRICE $_______(9)______
PAYMENT:
a) Cash Deposit(s) to be held in escrow by _____________(10)________________ in
the amount of $________(11)______ and promissory note to be held in same escrow as
additional earnest Buyer's default in the amount of $_________(12)______
b) Subject to assumption of Mortgage in favor or ________(13)__________ bearing
interest at _______(14)________% per annum and payable as to principal and interest
$___________(15)______ per month, having an approximate present principal balance of
$________(16)______
c) Purchase money mortgage and note bearing interest at _________(17)_______% on
terms set forth herein below, in the principal amount of $______(18)______
d) Other: ________(19)____________________________ $_________(20)______
e) Balance to close, (U.S. Cash, certified or cashier's check) subject to adjustments
and prorations $______(21)______
TOTAL $______(22)______
f) All funds held in escrow shall be placed in an interest bearing account at the direction
of Buyer, with interest accruing to the benefit of Buyer and either applied toward the purchase
price at closing or returned to Buyer in the event and for any reason the transaction does not
close.