AGREEMENT, made this..........day of.........., 19......, between

............................................................................................................................................

hereinafter throughout described as the seller, and

..............................................................................................................................................

hereinafter throughout described as the purchaser.

WITNESSETH, That the seller agrees to sell and convey, and the purchaser agrees to purchase all that lot of land with the improvements thereon, situate, lying and being in the............................................., bounded and described as follows, to wit: -

(DESCRIPTION)

SUBJECT TO:

..............................................................

The price is........Dollars, payable as follows:.......................

Dollars on the signing of this contract, the receipt whereof is hereby acknowledged.

.......................... Dollars (insert installment terms as, for example: in twelve monthly installments as follows: First installment of THREE HUNDRED ($300) DOLLARS due the 15th of April, 1920, and thereafter eleven monthly installments at the rate of TWO HUNDRED ($200) DOLLARS each in addition to interest at the rate of 6% per annum on the unpaid balance of the purchase price; said interest to be computed from the 1st day of April, 1920, first installment of principal and interest on unpaid balance to be paid April 15, 1920, and monthly thereafter.) On receipt of the above payments a deed will be delivered as hereinafter provided.

AT THE TIME OF CLOSING TITLE hereunder the balance of the purchase price then due (.......) shall be made up by first and second mortgages as follows:

THE FIRST MORTGAGE shall be for $...................... and shall bear interest at the rate of 6% per annum and shall run for three years. The seller agrees to procure for the purchaser at the expense of the purchaser

(which expense is not to exceed the sum of $..................., which shall include the searching and insurance of title for the amount of $..........) an acceptance of the above first mortgage, provided the purchaser complies with the usual requirements regarding loans and the purchaser shall pay the usual charges.

THE SECOND MORTGAGE shall be for $................... and shall be a purchase money mortgage executed and delivered by the purchaser to the seller covering the above described premises bearing interest at the rate of 6% per annum and said mortgage shall be conditioned for the payment of ............ ($......) DOLLARS or more monthly in addition to interest at the rate of 6% until said principal sum is fully paid.

IF AT THE TIME OF DELIVERY OF DEED said premises shall be subject to a first mortgage which has not yet become due, the seller shall have the privilege of delivering said premises subject to such existing first mortgage instead of procuring a new first mortgage as above provided. In that event the second mortgage shall be for the difference between the amount of such mortgage and the sum of the first and second mortgages herein stated.

ALL TAXES, ASSESSMENTS, WATER RATES and FIRE INSURANCE

PREMIUMS becoming liens on said premises on and after.......... are to be assumed by the purchaser who agrees to pay the same as hereinbefore provided within twenty days after such taxes, water rates and fire insurance premiums shall have become liens on the above described premises.

IT IS UNDERSTOOD AND AGREED that should the Purchaser with the written consent of the Seller take possession of said premises prior to the delivery of the deed, such possession shall be as a monthly tenant of the Seller and all moneys theretofore or thereafter paid under this contract and all improvements on the premises shall be the agreed rent of such premises covering the periods during which such payments are made, but deed shall be delivered if payments are made as above provided. Should default be made in any of such payments and remain in arrears for twenty (20) days, then at the option of the Seller, its successors or assigns, this agreement shall be void and of no effect, excepting as to this paragraph, or the Seller may disregard the provisions of this paragraph and enforce its rights reserved in the remainder of this agreement. The Purchaser shall thereupon pay to the Seller and the Seller shall accept payments required by the terms of this contract on the dates herein specified as and for the agreed rental of such premises covering the time between the dates specified for such payments to be made. Should the Purchaser fail to make any such payments as heretofore required thereupon the Seller shall be entitled to and shall receive the surrender of said premises and the improvements thereon as Landlord of the Purchaser, and the Purchaser hereby agrees that the Seller may institute and maintain legal action or summary proceedings for non-payment of rent in any proper court to obtain such possession and rental sums as against a monthly tenant.

The deed shall be a bargain and sale deed, with covenant against grantor's acts and shall be executed and acknowledged by the seller, at the seller's expense to convey to the purchaser, the absolute fee of the above premises, free from all incumbrances, except as herein stated.

All instruments called for by this contract are to be drawn by the attorney for the seller, and all charges for drawing and recording same, including mortgage tax and revenue stamps, except the drawing of deed and revenue stamps thereon, shall be paid by the purchaser.

In the event that the title to the premises shall prove unmarketable, the only obligation of the seller shall be to refund the purchase money paid on account of this contract and the expense of the examination of title.

Said deed shall be delivered at the office of..........on........at......

___M. upon receipt of said payments.

Rents, interest on mortgages, private water rates, and insurance premiums, if any, are to be apportioned.

The risk of loss or damage to said premises by fire to the extent of $........

until the delivery of said deed is assumed by the seller.

Any gas fixtures and chandeliers now on said premises belonging to the seller are included in this sale.

The stipulations aforesaid are to apply to and bind the heirs, executors, administrators, and successors of the respective parties.

The seller agrees that..........is the broker who has brought about this sale, and agrees to pay said broker his commission therefor.

WITNESS, the corporate seal of the seller and the signature of two of its officers and the hand and seal of the purchaser. IN PRESENCE OF

.......................................................

........................................................

........................................................