This contract made and entered into this

(here insert date), by and between (herein insert name of vendor), of (here insert residence of vendor, including city, county and state), hereinafter referred to and designated as party of the first part and (here insert name of vendee), of

(herein insert residence of vendee, city, county and state) hereinafter referred to and designated as party of the second part, Witnesseth:

1. Party of the first part agrees to sell and party of the second part agrees to purchase for the sum of....................dollars, all that certain piece or parcel of land situate, lying and being in the....................of....................county, of....................

more particularly described as follows: (herein insert detailed legal description); in fee simple and possession free and clear from all encumbrances.

2. Said purchase price shall be paid by party of the second part to the party of the first part in the following manner towit; the sum of....................dollars upon the execution of this contract, receipt hereof is hereby acknowledged, and the balance of such purchase price on installments of................dollars or more at the option of the party of the second part, all payments to be made at....................Street, in the City of Detroit.

or elsewhere in said city as party of the first part may direct and party of the first part agrees to convey to party of the second part at any time upon demand the aforesaid real estate, provided that the above named price for said land shall have been paid in full by party of the second part to party of the first part and that all advances made by party of the first part to party of the second part for the construction of the house built and erected upon the same. It is farther agreed that party of the second part shall pay to party of the first part, interest at the rate of....................per cent. per annum on said purchase money from the....................day of...................., and interest at the same rate on all advances made by party of the first part to party of the second part as herein contemplated until said purchase price shall have been completed.

3. The party of the second part shall be entitled to the immediate possession of the said piece or parcel of land, and shall bear and pay all taxes, rates and assessments in respect to the same as if the said piece or parcel of land had been conveyed to him.

4. The party of the second part shall not dig for or remove from said piece or parcel of land or any part thereof any gravel, sand, clay or other substance, beyond the necessary excavations for the buildings to be erected thereon, without previous consent in writing of the party of the first part.

5. The party of the second part shall, within one calendar month after the execution of these presents, commence, and without intermission and with reasonable expedition, proceed with the erection of....................on the said piece of land, and shall completely finish, fit for habitation, the said...................., on or before the.................... day of.....................

6. Such houses shall front upon .................... street aforesaid, and shall be erected in a proper, workmanlike manner, in accordance with plans and specifications to be first approved of in writing by the party of the first part's architect, and shall be built of good materials, and the said houses shall be set back....................feet from said..................,.. street.

7. If the party of the second part shall in all respects observe and perform his part of the contract, party of the first part will advance to him for the purpose of assisting him in the erection of said house the sum of .................... dollars in respect to said house in the following manner, to-wit:................

........................................................but it is hereby agreed in respect to such advances that party of the first part shall not be required to make any advance towards the construction of said house unless such building exclusive of the value of the land shall be equal in value to one-third more than the aggregate of the sums advanced. At any particular time an advance may be required application for each advance shall be made not less than....................days before the same is payable.

It is farther agreed and understood that party of the first part shall be furnished with true and correct copies of all bills for material and all expenditures made on behalf of labor, weekly from time to time as such building may progress and failure to furnish such bills and such true and correct statements of labor expended on said building shall justify party of the first part to discontinue such advances.

8. It is farther agreed between the parties that sworn statements shall be furnished by party of the second part before requiring any additional advances on said building after the first, giving the names and addresses of all persons who have worked on said building and the amount of wages due and earned by such persons and the amount of wages, if any, unpaid and shall also in such sworn statement give the names of persons, firms or corporations from whom material has been purchased which has gone into the construction or erection of said building.

9. The party of the second part shall, at his own expense insure the buildings to be erected on said land, and any building materials for the time being thereon, for the benefit and security of the party of the first part, in a sum or sums equal in amount to any advances made pursuant to this agreement.

10. The party of the second part shall at his own expense, insure land and all the buildings for the time being erected or in the course of erection thereon, and upon all the building materials and other things which shall for the time being be brought upon the said land, or the streets and passageways adjoining the same, as well as for the said purchase money and the interest thereon as also for such sums of money as the party of the first part may have advanced or paid as herein provided.

11. When and as soon as the party of the second part shall have paid to the party of the first part the purchase money of said land or any house-lot of the same, together with all sums of money advanced or paid by the party of the first part in respect to any building or buildings thereon, pursuant to this agreement, the party of the first part shall execute a proper conveyance of said land or house-lot, and such deed shall contain covenants on the part of the purchaser, his heirs, executors, administrators, and assigns, with the party of the first part, his heirs and assigns, that no buildings which shall be erected upon said piece of land shall be used for the purpose of carrying on any trade, business or manufacture, or for any purpose which may be or become a nuisance or annoyance to the neighborhood, and that an area of the depth of...............

feet from....................street aforesaid shall at all times hereafter be left open and unbuilt upon except that bay windows may project over the same, not more than....................feet from the house to which they belong; and also that the purchaser, his heirs or assigns, will from time to time pay one-half of the expense of keeping in repair so much of the said passageway as is co-extensive with the said piece or lot of land.

12. The party of the second part shall be entitled to have said piece of land conveyed to him by several conveyances, not exceeding the number of house-lots into which said land may be divided, upon payment to the party of the first part on account of said purchase money of the sum of....................for each front foot of land to be comprised in such conveyance, with interest thereon as aforesaid, and the advances made by the party of the first part in respect of the buildings erected on the land to be comprised in such conveyance, with interest as aforesaid, and all sums paid for insurance and the interest due in respect thereof, provided that the party of the first part shall not at any time require a conveyance of part of the said land under this clause, unless at the time of such conveyance he shall have proceeded with the erection of at least....................

on the land remaining and shall have complied in all respects with the provisions herein contained.

13. If default shall be made by the party of the second part in the observance and performance of his part of this agreement in any particular, and time shall be deemed to be of the essence of the contract, or if the purchaser shall become bankrupt or make any composition with, or any assignment for, the benefit of his creditors, then and in such case it shall be lawful for the party of the first part to re-enter upon such land or any part thereof not previously conveyed to the party of the second part, and by notice in writing to be delivered to the party of the second part or left for him at his usual and last known place of abode, absolutely to determine this agreement so far as relates to such portion of said land as may not previously have been conveyed to the purchaser.

14. If this present agreement shall be determined by the vendor under the preceding clause so much of the said land as shall not have been conveyed to the purchaser pursuant to this agreement, together with the buildings thereon, and all building materials which under the previous clauses of this agreement are provided to be attached and belong to the said land or the buildings thereon, shall immediately after the delivery of the notice to determine this agreement, be and remain the absolute property of the party of the first part freed and discharged from all claims and demands of the party of the second part in respect thereof or otherwise on account of this agreement, and the party of the second part shall thenceforth be freed and discharged from all obligations created by this agreement, and which then remain unperformed.

In Witness whereof, etc.