Land Contract Sale Addendum Form (Page 2 of 2) in pdf

6._______

______ Purchaser is to deliver, at their expense, to Seller a current ____ credit report, ____ employment letter

and/or ____ financial statement within seven (7) business days of Seller’s acceptance. If said

Information is not satisfactory to Seller or is not timely delivered; Seller may within two (2) days of receipt

of the information, declare this sale null and void and all deposit monies will be returned.

7._______

______ In the event payments are not received within ____ business days from the due date, a late payment charge

of $__________________per payment shall be added to the payment. This is a late payment charge and

not interest, Purchaser further agrees and understands that enforcement of the late payment charge does not

constitute an election under the contract and that the Seller may pursue any other remedies available in law

or equity. shall be added to the payment. This late payment

8._______

______ Seller agrees to execute a good and sufficient Warranty Deed at closing to be placed in Escrow with a Title

Agency. Purchaser agrees to pay all costs of Escrow Agent.

9._______

______ In addition to the required monthly payments, Purchaser shall pay to Seller $_____________ on or before

______________ said amount to be applied against the principal balance of the land contract.

10._______

______ Purchaser and Seller understand that the regular monthly payments called for by the terms of the land

contract will not pay the land contract amount owing in full by the end of the term of the contract. There

will be a lump sum payment due from Purchaser to Seller at that time.

11._______

______ MANDATORY Neither Salespersons, Brokers, nor Sellers have represented to Purchaser that at the time

required for pay-off of this obligation there will be satisfactory mortgage financing available or that such

financing will be at rates currently available or lower.

12._______

______ MANDATORY this agreement constitutes the entire agreement between the parties and no other oral or

written agreements shall be considered to be a part hereof.

13._______

______ MANDATORY All parties agree and affirm that they have reviewed each initialed clause of this

addendum, and they further understand the meaning of and importance of each initialed clause.

14.Additional conditions:______________________________________________________________________________________

_______________________________________________________________________________________________________

______________________________________________________________________________________________________.

Signatures:

Witness: _________________________________________

Purchaser _________________________________________

Date: ____________________________________________

Purchaser__________________________________________

Witness: __________________________________________

Seller_____________________________________________

Date:_____________________________________________

Seller_____________________________________________

Land Contract Sale Addendum

Page 2 of 2

Land Contract Sale Addendum Form Page 2

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