We can point out only some of the essential matters which the vendor has a right to have incorporated in the preliminary and final land contract-Matters of greater or less importance will arise that require special consideration, but these vary in nearly every transaction.

The following suggest themselves:

(a) That interest on all unpaid sums shall be computed from and after the date of the execution of the land contract, provided possession is delivered at such time.

(b) That insurance premiums advanced by the vendor for the period starting after possession is delivered to vendee shall be refunded to the vendor. It is customary to insure property for one, two or three years and to pay the premium for the entire period in advance. If, for instance, the vendor has only used six months of such premium, the vendee should refund the amount representing the unused portion of such premium.

(c) That the property shall be used by the vendee in accordance with the restrictions which may exist against the same, and that it be kept in good repair by him.

(d) That the vendee shall assume any encumbrances which may exist against the property, whether the same be placed thereon by the vendor or his predecessors, and that the vendee shall join in the execution of any new mortgage which may replace the old mortgage after its maturity and discharge, the amount, however, not to exceed a stated sum, and never to exceed the interest of the vendor remaining in said property at the time of execution of such new mortgage; that such mortgage shall be deemed a lien or claim superior and prior to the interest of the vendee in the said property.

(e) That all taxes and assessments which shall be levied against the property after its sale to vendee shall be paid for promptly and punctually by the vendee; and that said vendee keep the said property insured in a sufficient amount and with an insurance company to be approved by the vendor.

(f) That no assignment shall be made by the vendee without written notice thereof to the vendor.