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Free Books / Real Estate / American Law Of Real Estate Agency / | ![]() |
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No. 21. Sale And Purchase, Where Part Of Purchase Money Is Paid By Mortgage |
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Agreement made the ...... day of ......, 19.........., by and between ......, of ......, hereinafter called the vendor, and
......, of......, hereinafter called the purchaser.
1. The said vendor hereby agrees to sell and convey to the said purchaser the messuage or tenement, and lot or piece of ground thereunto belonging, situate (state where) for the sum or consideration of...... dollars, to be paid by the said purchaser in way and manner as follows, viz.:......dollars to be paid by the purchaser net,......payable in......years from the date hereinafter mentioned, with interest, payable semi-annually, at the rate of......per cent. per annum, and secured by a mortgage of said premises, made in the usual form, with power of sale, and
...... dollars, being the remainder of said consideration, to be paid upon the delivery to said purchaser of a full and satisfactory deed of conveyance for the said premises, free from all incumbrances, and possession thereof, on or before the...... day of
......next.
2. And the said purchaser hereby agrees to buy the above described premises from the said vendor for the price or sum above mentioned, and to pay and settle for the same in the way and
, manner, and at the time above set forth. The conditions of this agreement to extend to the heirs, executors, administrators and assigns of both contracting parties. In witness whereof, etc.
 
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