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AGREEMENT TO PURCHASE REAL ESTATE
The undersigned (herein “Purchaser”) hereby offers to purchase from the owner (herein “Seller”) the real estate
upon the following terms and conditions:
1. Purchase Price and Conditions of Payment
The purchase price shall be _______________________________________Dollars ($___________) to be paid in
accordance with subparagraph________________________, below:
A: Cash. The purchase price shall be paid in its entirety in cash at the time of closing the sale.
B: Cash Subject to New Mortgage. The purchase price shall be paid in cash at the time of closing the sale
subject, however, to Purchaser’s ability to obtain a first mortgage loan within __________days after the
acceptance of this offer by Seller in the amount of $______________, payable in not less than
______________monthly installments, including interest at a rate not to exceed _____________% financing. If
such financing cannot be obtained within the time specified above then either Purchaser or Seller may terminate
this agreement and any earnest money deposited by Purchaser will be promptly refunded.
C: Cash Subject to Existing Mortgage. The purchase price shall be paid in cash at the time of closing the sale
after deducting from the purchase price the then outstanding balance due and owing under the existing mortgage
in favor of _____________, dated_____________, 20___, in the original amount of $________________; of such
mortgage debt is approximately $________________ as of _________________, 20____.
D: Cash With Assum