PRIVILEGES: BUYER HAS THE OPTION TO
CANCEL THIS CONTRACT BY WRITTEN NOTICE TO THE
SELLER BY MIDNIGHT OF THE SEVENTH DAY FOLLOWING
THE SIGNING OF THIS CONTRACT. The Buyer shall also
have 3 months from the sale date of this contract
to make a personal inspection of his property on a
company guided tour, and have all money paid to
Seller refunded if not satisfied in any
2. EXCHANGE AND TRADE
PRIVILEGES: If Buyer should
inspect tract for the first time within twelve
months after the above date, and is not satisfied,
Seller will exchange tract for any other available
property of equal value, as measured by our then
current selling price, or Seller will accept it in
trade towards the purchase of any other available
tract. However, Buyer must request an exchange or
trade in writing within 30 days of inspection and
before deed has been delivered. On a trade of your
tract, the existing sales contract will be amended
in writing. All payments made will be applied to
the new purchase price.
Upon acceptance the
following will apply.
If a monthly
payment is not made within fifteen (15) days of
the due date then a delinquency late charge of
five percent (5%) of the past due installment of
principal and interest will be
This Contract shall be in
default if a payment remains unpaid for at least
45 days after the date it is due.
event of default, the contract may be cancelled
and in such event all monies paid to Seller
shall be kept as liquidated
RIGHT: Buyer may prepay in full or
in part at anytime without penalty.
4. IMPROVEMENTS: All
tracts are surveyed by a license registered
surveyor, and all interior and access unpaved
roads are completed. Buyer is GUARANTEED access
for ingress and egress to property.
5. NO HIDDEN COSTS:
The entire purchase price for the
property is included in the down payment and
monthly payment except $125.00 (one time) cost to
buyer upon last payment for the preparation and
recording of the warranty deed.
6. WARRANTY DEED:
Upon completion of all payments hereunder, the
Seller, within 45 days, shall deliver to Buyer a
recorded Warranty Deed to the land described
subject to restrictions, easements and
reservations of record.
7. PROPERTY TAXES:
Buyer will be responsible for property taxes
assessed after the date of the contract. These
taxes will be collected from Buyer by Seller or
its agent and are estimated to be $18.00 per year
per twenty acre tract based on the present use.
Buyer will receive an invoice from Seller at the
end of each year which must be paid within 30 days
8. POSSESSION: Once
Buyer has paid $600.00 towards the purchase of the
property, Buyer may take possession of the
property and make improvements if so