CONTRACT GUARANTEES
1.
REFUND PRIVILEGES:
BUYER HAS THE OPTION TO CANCEL THIS
CONTRACT BY WRITTEN NOTICE TO THE SELLER BY MIDNIGHT
OF THE SEVENTH DAY FOLLOWING THE SIGNING OF THIS CONTRACT.
The Buyer shall also have 3 months from the sale date of this
contract to make a personal inspection of his property on a
company guided tour, and have all money paid to Seller refunded
if not satisfied in any way.
2.
EXCHANGE AND TRADE PRIVILEGES:
If Buyer should inspect tract for the first
time within twelve months after the above date,
and is not satisfied, Seller will exchange tract
for any other available property of equal value,
as measured by our then current selling price,
or Seller will accept it in trade towards the
purchase of any other available tract. However,
Buyer must request an exchange or trade in writing
within 30 days of inspection and before deed
has been delivered. On a trade of your tract,
the existing sales contract will be amended
in writing. All payments made will be applied
to the new purchase price.
| GENERAL
CONDITIONS
Upon
acceptance the following will apply.
If a monthly payment is not made within
fifteen (15) days of the due date then
a delinquency late charge of five percent
(5%) of the past due installment of principal
and interest will be charged.
This Contract shall be in default if a
payment remains unpaid for at least 45
days after the date it is due.
In the event of default, the contract
may be cancelled and in such event all
monies paid to Seller shall be kept as
liquidated damages. |
3.
PREPAYMENT RIGHT:
Buyer may prepay in full or in part at anytime
without penalty.
4.
IMPROVEMENTS: All tracts are
surveyed by a license registered surveyor, and
all interior and access unpaved roads are completed.
Buyer is GUARANTEED access for ingress and egress
to property.
5.
NO HIDDEN COSTS: The entire
purchase price for the property is included
in the down payment and monthly payment except
$125.00 (one time) cost to buyer upon last payment
for the preparation and recording of the warranty
deed.
6.
WARRANTY DEED: Upon completion
of all payments hereunder, the Seller, within
45 days, shall deliver to Buyer a recorded Warranty
Deed to the land described subject to restrictions,
easements and reservations of record.
7.
PROPERTY TAXES: Buyer will be
responsible for property taxes assessed after
the date of the contract. These taxes will be
collected from Buyer by Seller or its agent
and are estimated to be $125.00 per year (includes $10.00 administration fee) per
twenty acre tract based on the present use.
Buyer will receive an invoice from Seller at
the end of each year which must be paid within
30 days of receipt.
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