This agreement made and entered into this ...... day of

......, 19-----, by and between......, party of the first part, and......, party of the second part, witnesseth:

That for and in consideration of their mutual agreements hereinafter stated, the said parties have agreed and do hereby agree as follows, to-wit:

First. The party of the first part has this day sold to the party of the second part the following described real estate (give full description), and will, within......days from this date, deliver to the party of the second part, abstract of title covering all of said land, showing title clear and free from incumbrances.

Second. The party of the second part has this day sold to the party of the first part the following described land (give full description), with an incumbrance of ...... dollars, and one lot in the city of......, with an incumbrance of......dollars, and two lots in the city of......, both free of incumbrances, and will, within ...... days, deliver to the party of the first part, abstract of title, showing title free and clear of all incumbrances, except as above indicated.

Third. The party of the second part shall execute and deliver to the party of the first part, one promissory note for the sum of

...... dollars, due in ...... year.. from the date of closing the deal, bearing interest at the rate of......per cent, per annum, and payable annually, and will secure the same by mortgage on the land purchased under this agreement from the party of the first part.

Fourth. The party of the first part will assume and agree to pay the mortgages on the land and lots purchased under this agreement from the party of the second part.

In witness whereof, etc.