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AGREEMENT FOR DEED
This agreement made this ____________day of (mo.)________________,(yr.)__________ between _______________________________________________________________________ Seller and _______________________________________________________________________ Buyer. WITNESSETH, that if the Buyer shall first make the payments and perform the covenants hereinafter mentioned on the Buyer’s part to be made and performed, the Seller hereby covenants and agrees to convey and assure to the Buyer, in fee simple, clear of all encumbrances whatever, by a good and sufficient _________________________ Warranty Deed, with release and waiver of the right of homestead and dower, the following described real estate in the County of __________________ and State of _______________________, to wit:
and the Buyer hereby covenants and agrees to pay to the Seller the sum of ___________ __________________________________________________________________________ Dollars in the manner following:
with interest at the rate of ________ % per annum payable _______ (monthly, annually) on the whole sum remaining from the time to time unpaid, and to pay all taxes, assessments, or impositions that may be legally levied or imposed upon said real estate, subsequent to _______. And in case of the failure of the Buyer to make any of the payments, or any part thereof, or perform any of the covenants on the Buyer’s part hereby made and entered into, this agreement shall, at the option of the Seller, be forfeited and all sums theretofore received shall be retained by the Seller in full satisfaction and in liquidation of all damages by the Seller sustained, and the Seller shall have the right to reenter and take possession of the premises aforesaid. Buyer shall maintain insurance on said real estate in an amount and of a type approved by the Seller. Seller warrants to Buyer that no notice from any city, village, or other governmental authority of any
dwelling code violation has heretofore been issued and received by the Owner or his/her agent with respect to any dwelling structure on the said real estate. The time of payment shall be the essence of this contract, and the covenants and agreements herein contained shall extend to and be obligatory upon heirs, executors, administrators, and assigns of the respective parties. IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year first above witness. _____________________________________ Buyer _____________________________________ Buyer ___________________________________ Seller ___________________________________ Seller