SALE ON LAND CONTRACT. SEE ATTACHED ADDENDUM. It is specifically agreed by the parties that the SALE ON LAND CONTRACT ADDENDUM and all its terms are incorporated into this Contract to Purchase, as if fully set forth herein.
SALE ON LAND CONTRACT. $ in cash or certified check and the balance of $ in monthly payments for principal and interest of $ or more and including interest at % and shall be paid in full within years. The escrow payment for taxes and insurance is approximately $ . An escrow advance of approximately $ shall be paid at closing. Purchaser to supply credit report and employment verification subject to acceptance by seller. A late charge of % of installment payment shall be assessed on any installment received more than days after due date.
SALE ON LAND CONTRACT. Payment of the sum of Dollars, by cashier's check, and the execution of a Land Contract acknowledging payment of that sum and calling for the payment of the remainder of the purchase money within years from the date of Contract in monthly payments of not less than $ Dollars each, which include principal & interest payment at the rate of % per annum and which do include do not include prepaid taxes and insurance. If the Seller's title to said land is evidence by an existing Land Contract with unperformed terms and conditions substantially as above and the cash payment to be made by the undersigned on consummation hereof will pay out the equity, an assignment and conveyance of the Vendor's interest in the land contract with an agreement by the undersigned to assume the balance owning thereon will be accepted in lieu of the contract proposed in the preceding paragraph. If the Seller has any accumulated funds held in escrow for the payment of prepaid taxes or insurance, the Purchaser agrees to reimburse the Seller upon proper assignment.
SALE ON LAND CONTRACT. (See attached Addendum to Land Contract Purchase Agreement) Payment of the sum of dollars in cash or certified check, and the execution of a land contract upon a Land Contract form, acknowledging payment of that sum and calling for the payment of the remainder of the purchase money within years from the date of contract in monthly payments of not less than dollars each which include interest payments at the rate of percent per annum, and which (DO) (DO NOT) include prepaid taxes and insurance.
SALE ON LAND CONTRACT. The execution of a land contract calling for the payment of a down payment in the amount of $ and the balance of the purchase price in monthly installment payments of principal and interest in the amount of $ . Interest shall accrue on the unpaid balance of the contract at the rate of ( %) percent per annum. The entire principal and interest shall be paid in years from date of the contract. There shall be no prepayment penalty (Initials) Seller (Initials) Purchaser for early payment. The contract shall contain a provision requiring the Purchaser to pay the Seller’s reasonable attorney fees and costs should Purchaser default in performance of their duties and described in the land contract.
SALE ON LAND CONTRACT. At Closing, Buyer shall tender to Seller the sum of $1,000,000.00 in cash or certified check, and the parties shall execute a Land Contract, in conventional form, and containing such additional terms as set forth in this Agreement, that acknowledges payment of that sum and calling for payment of the remainder of the purchase money within one year from the date of the Land contract, with monthly payments computed on an amortization of the outstanding balance over (15) fifteen years, with interest at the rate of 11% per annum. Buyer may prepay the balance of the Land Contract without penalty. However, should Buyer pay the outstanding balance within 30 days after Closing, the purchase price shall be discounted by ($300,000.00) Three Hundred Thousand Dollars. The Land Contract shall also provide that if the Land contract is not repaid within the one year term, Buyer may extend the term of the Land Contract for an additional one year period, upon Buyer paying to Seller an extension fee of ($250,000.00)
SALE ON LAND CONTRACT. See attached “SALE ON LAND CONTRACT ADDENDUM” made a part hereof.
