Land Contract printable pdf download

LAND CONTRACT

(WITH ALTERNATE TAX AND INSURANCE PROVISIONS)

This Contract, made this ___________day of ___________________________, ____________ between

Parties

____________________________________________________________________________________,

hereinafter referred to as the “Seller,”whose address is _____________________________________ and

____________________________________________________________________________________,

hereinafter referred to as the “Purchaser,” whose address is ____________________________________.

Witnesseth:

1. THE SELLER AGREES AS FOLLOWS:

Description

(a) To sell and convey to the Purchaser the following described property:

Of Premises

Land situated in the __________________ of ______________________, County of

______________________, State of MI.

Commonly known as:

Tax ID:

Together with all improvements, appurtenances, tenements and hereditaments, including all

lighting fixtures, plumbing fixtures, shades, Venetian blinds, curtain rods, storm windows,

storm doors, screens, awnings, if any, now on the premises, and subject to all applicable

building and use restrictions, and easements, if any, affecting the Premises.

(b) That the consideration for the sale of the above described premises is:

Terms of

_________________________ and 00/100 Dollars ($___________.00) of which the sum

Payment

___________________________________________________ (__________.00) has

heretofore been paid to Seller, the receipt of which is hereby acknowledged, and the balance

of __________________________________ (____________________) is to be paid to the

Seller, with interest on any part thereof at any time unpaid at the rate of ______% per annum

while the Purchaser is not in default, and at the rate of ___ % per annum when and as often

as the Purchaser is in default. This balance of purchase money and interest shall be paid in

monthly installments of _________________ each, or more at Purchaser’s option, on the

________ day of each month, beginning ____________________________________, said

payments to be applied first upon interest and the balance on principal; PROVIDED, the

entire purchase money and interest shall be fully paid within _________ years from the date

hereof, anything herein to the contrary notwithstanding.

Land Contract