Contract for Sale of Real Estate
This Contract is made between Lake Regional Hospital Foundation_(“Seller”), and
____________________________________________________________(“Buyer”) and
shall be effective as of the last day written below.
1. In consideration of the mutual obligations being assumed by Seller and Buyer as set
forth herein, Seller agrees to sell and convey to Buyer and Buyer agrees to purchase from
Seller, upon and subject to the terms and conditions stated in this Contract, the following
described real estate (legal description to govern):
2. The purchase price includes all existing improvements on the Property and
appurtenances, fixtures and equipment, unless expressly excluded herein.
The following items are also included in the sale:
_____________________________N/A_______________________________________
_______________________________________________________________________
_______________________________________________________________________.
The following items are excluded from the sale:
_____________________________N/A_______________________________________
________________________________________________________________________
_______________________________________________________________________.
3. The purchase price for said Property shall be $___________________, to be paid by
Buyer as follows:
$ ___________________ as “Earnest Money” at the time of the delivery of this Contract,
the receipt of which is hereby acknowledged by Seller. If this Contract is closed
pursuant to the terms hereof the Earnest Money shall be applied towards the purchase
price. Buyer shall pay the balance of the purchase price in good funds, i.e., cash,
cashier’s check, wire transfer or by other form of funds acceptable to Closing Agent.
4. Closing will be at the office of Closing Agent on or before __________________, or
such other place and time as the parties may mutually agree. Possession of the Property
will be delivered to B