This agreement establishes a wrap around mortgage between the seller and buyer of property. A wrap around mortgage occurs when the seller finances the purchase of the property for the buyer by accepting a second mortgage on the property in exchange for installment payments. This benefits the buyer since it does not require a bank loan or a full cash payment for the property. The seller is also benefited because it facilitates a purchase and ensures a steady stream of cash flow. This agreement can be useful for individuals or entities that are entering into a purchase agreement for real property and want the seller to finance the purchase by securing a second mortgage.