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.
An agreement made this ...... day of ......, 19........, between ......, of......, party of the first part, and......, of
......, party of the second part.
1. The said party of the first part shall give, and the said party of the second part shall take, the fee simple in possession of all that parcel of land (describe it), with the appurtenances, free from any incumbrance, in exchange for the hereditaments hereinafter agreed to be given by the said party of the second part; and the said party of the second part shall give, and the said party of the first part shall take, all that parcel of land (describe it), with the appurtenances, free from any incumbrance, in exchange for the hereditaments hereinbefore agreed to be given by the said party of the first part.
2. Each party shall, within......days from the date hereof, deliver to the other of them, or his solicitor, an unexecuted deed of the premises to be conveyed by him, or will furnish him with other sufficient information to enable him to examine the title to such premises.
3. The said exchange shall be completed on the......day of
...... next, by proper conveyances, to be respectively prepared by and at the expense of party by whom they are to be made.
4. Each party shall, on completion of the exchange, be let into the possession of the premises agreed to be taken in exchange by him, or as from the said...... day of......, 19...., and on or as from that day all taxes, rates, and other incumbrances, shall be discharged by the other party.
In witness whereof, etc.
 
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