CONTRACT PURCHASE. State and Purchaser shall enter into a Land Sale Contract in the State’s standard form for the purchase of the Property. The State may record the executed Land Sale Contract or a memorandum thereof. Interest under the Land Sale Contract shall be % per year. Monthly payment will calculated based on a year amortization, with the entire unpaid balance due within year(s). Unless and until the Land Sale Contract is executed, Purchaser acquires no right, title, interest or equity in or to the Property and may not take possession of the Property.
Appears in 9 contracts
Samples: Form and Sales Agreement, Form and Sales Agreement, Form and Sales Agreement
