Contract For Deed (Page 4 of 5) in pdf

Schedule A

Price and Additional Agreements

PURCHASE PRICE.

Purchaser agrees to pay Seller, as the full purchase

price for the Property the sum of Eighty-Five Thousand dollars and no

cents ($ 82,000.00) payable as follows:

1) $82,000.00 under the following terms, together with interest on the

unpaid principal balance at the rate of (7.913%) per annum, amortized

over

30 years with a balloon payment due of any remaining unpaid

balance in 10 years on the date of December 1, 2009, payments shall be

in installments of not less than $596.73 per month, including principal

2000 and on the 1 st day of each

and interest, beginning on

January 1,

and every month thereafter until principal and interest have been paid

in full. Each installment, when received by Seller, shall be credited

first to the payment of the interest on the then remaining principal

balance

the purchase price

due to the date of receipt of the

installment, then to the reduction of the unpaid principal balance of

the purchase price, and the interest on the amount so credited to

payment on the principal balance of the purchase price shall thereof

cease. The payments shall include an additional amount as may from time

to time be increased to escrow for the payment of the ad valorem taxes

and hazard insurance on the above described property. As of the signing

of this contract, the escrow amount to be added to each payment is

$293.23.

2) A late charge of 5% of the monthly payment will be charged to the

Buyer on payment not received or postmarked by the _10 th

day of the

month in which the payment is due.

3) Purchase price shall include all permanently attached fixtures and

personal properly existing on subject property and owned by Seller all

in their present "as is" condition at the execution of this Sales

Contract.

4) Additional agreements:

Date _____________________

Seller ___________________

Seller _______________________

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