Blank Land Contract – Fill Out and Use This PDF

Fill in: This Contract, made this day of , 19 , between hereinafter referred to as "Seller", whose address is and hereinafter referred to as "Purchaser", whose address is.

Fill in: 1. Seller Agrees: (a) To sell and convey to Purchaser land in the of , County of , Michigan, described as: TAX I.D. # Commonly known as: hereinafter referred to as "the land", together with all tenements, hereditaments, improvements, and appurtenances, including any lighting and plumbing fixtures, shades, Venetian blinds, curtain rods, storm windows, storm doors, screens, awnings, TV antenna, now on the land, subject to any applicable building and use restrictions and to any easements affecting the land.

Fill in: (b) That the full consideration for the sale of the land to Purchaser is: ($ ) dollars, of which the sum of ($ ) dollars has been paid to Seller prior to the delivery hereof, the receipt of which is hereby acknowledged, and the additional sum of ($ ) dollars, is to be paid to Seller, with interest on any part thereof at any time unpaid at the rate of per cent per annum while Purchaser is not in default, and at the rate of per cent per annum, computed upon the balance of the purchase price then unpaid, during the period of any default in payment. Such additional purchase money and interest is to be paid in monthly installments of ($ ) dollars each, or more at Purchaser's option, on the day of each month, beginning , 19 ; such payments to be applied first upon interest and the balance on principal. All of the purchase money and interest shall, however, be fully paid within years from the date hereof, anything herein to the contrary notwithstanding.

Fill in: (d) To deliver to Purchaser as evidence of title, at Seller's option, either commitment for title insurance followed by a policy pursuant thereto insuring Purchaser or abstract of title covering the land, furnished by {insert Title Company name}. The effective date of the policy or certification date of the abstract is to be approximately the date of this contract. Seller shall have the right to retain possession of such evidence of title during the life of this contract but upon demand shall lend it to Purchaser upon the pledging of a reasonable security.

Insert amount if advance monthly installment method of tax and insurance payment is to be adopted. The method of payment provided in Paragraph 2(e) shall apply if such an amount is not inserted; then Paragraph 2(f) shall be of no effect. If an amount representing estimated monthly costs of taxes, special assessments and insurance is inserted in Paragraph 2(f), then the method of payment of these items therein indicated shall be adopted.

Fill in: Acceptance of Title and Premises (g) That he has examined a title insurance commitment/policy dated an abstract of title certified to covering the land, and is satisfied with the marketability of title shown thereby. Delivery of such commitment or an owner's title policy issued pursuant to such commitment, or an abstract, to Purchaser shall constitute fulfillment of Seller's agreement to furnish title evidence herein contained.

Fill in: (b) That if the title of Seller is evidenced by land contract or now or hereafter encumbered by mortgage, Seller shall meet the payments of principal and interest thereon as they mature and produce evidence thereof to Purchaser on demand. On Seller's default Purchaser may pay the same, which payments shall be credited on the sums matured or first maturing hereon with interest at % per annum on payments so made.

Signed, sealed and delivered by the parties in duplicate the day and year first written. In the presence of.

Fill in: Individual Acknowledgement STATE OF MICHIGAN COUNTY OF The instrument was acknowledged before me this day of , 19 by . Notary Public County, Michigan My commission expires.

Fill in: STATE OF MICHIGAN COUNTY OF The instrument was acknowledged before me this day of , 19 , (1) by (2) (3) of (4) a Corporation on behalf of the said corporation. Notary Public County, Michigan My commission expires: Note: Insert at (1) name(s) of officer(s); (2) title(s) of officer(s); (3) name of corporation; (4) state of corporation Instrument Drafted by: Business Address.

Purchaser Agrees: (e) To pay all taxes and special assessments hereafter levied on the land before any penalty for non-payment attaches thereto, and submit receipts to Seller upon request, as evidence of payment thereof; and also at all times to keep the buildings now or hereafter on the land insured against loss and damage, in manner and to an amount approved by Seller, and to deliver the policies as issued to Seller with the premiums fully paid.

Any individual parties hereto represent themselves to be of full age. Any corporate parties hereto present themselves to be existing corporations with their charters in full force and effect. Any partnership parties hereto represent themselves to be existing partnerships with their certificates in full force and effect.