Sales Contract (Page 2 of 4) in pdf

Page 2 of 4

INCLUSIONS: This contract includes all fixtures, improvements, landscaping, and appurtenances attached to the property as of this

date, including but not limited to: all lighting and plumbing fixtures, ceiling fans, window treatments and hardware, wall-to-wall

carpeting, purchased water softeners, automatic garage door equipment, storm windows and doors, screens, awnings, and antennas,

including rotor equipment, if any, as well as the following personal property for which a bill of sale will be given:

____________________________________________________________________________________________________________

__________________________________________________________________________________

EXCLUSIONS:

____________________________________________________________________________________________________________

__________________________________________________________________________________

WARRANTY: Seller warrants that all equipment and improvements are in working condition except:

_______________________________________________________________________________________________

Unless otherwise agreed in writing, Seller will deliver and Purchaser will accept the property in the same condition it was in at the

time the offer was made. Seller will remove trash and debris from the property and leave it in broom-clean condition. Purchaser will

have the right to walk through property within 48 hours prior to closing.

Purchaser __does __does not acknowledge receipt of the seller's disclosure statement.

Seller represents that if Seller acquired title after January 1, 1995, Seller has complied with state law requiring the disclosure of

purchase price to the local assessor.

SPECIAL ASSESSMENTS/BENEFIT CHARGES: All special assessments that have been assessed against the property at the date

of closing will be paid by Seller. The cost of improvements that are subject to future assessments against the property will be paid by

Purchaser. Any benefit charges against the property made by any government authority or utility company for installation of, or tap-in

fees for, water service, sanitary sewer, storm sewer service, gas, electric, telephone, or cable lines, for which charges have been made,

incurred or billed before the date of closing, will be paid by Seller. Any charges incurred after closing will be paid by Purchaser.

PRORATION: Taxes, rents, fuel, insurance, interest, and association fees, where applicable, will be prorated as of the date of closing

based on a 30-day-month, 360-day-year basis. Taxes will be prorated as if paid in advance, based on the due date of the taxing

authority. Escrow Agent will retain $_____ from Seller to be applied to final billing for municipal utility charges. Upon receipt of

the final utility bill, Seller will forward either proof of payment or the unpaid bill to Escrow Agent. Escrow Agent will either refund

Seller full escrowed funds, or Escrow Agent will pay the final bill and refund any balance remaining in escrow. If the escrowed funds

are insufficient to pay the final bill, Seller will be responsible to pay any balance due.

CLOSING: Purchase to be closed on or before __________________.

POSSESSION: Possession to be given at ___closing or ____________. From and including the date of closing, up to but not

including the date of vacating property as agreed, Seller will pay the sum of _________ per day. Absolute Title, Inc., will retain in

escrow from Seller at closing the sum of $ __________ for occupancy between the time of closing and delivery of keys by Seller to

Purchaser.

CASUALTY LOSS: Seller retains risk of loss by fire, windstorm or otherwise, until delivery of deed/land contract.

FORM OF CONVEYANCE: Seller agrees to convey marketable title to the property, subject to easements and restrictions of

record, and subject to the lien of taxes not yet due and payable at time of closing, by

___ warranty deed

___ current Washtenaw County Bar Association form of land contract or

_______________________________. Seller will pay transfer tax when title passes.

Absolute Title, Inc.

Sales Contract Page 2