Missouri Real Estate Contract

CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE (NO BROKER)

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,

, “Seller” whether one or more, and

, “Buyer” whether one or more,

do hereby covenant, contract and agree as follows:

1. AGREEMENT TO SALE AND PURCHASE: Seller agrees to sell, and Buyer agrees to buy from Seller the property described as follows: (complete adequately to identify property)

County, Missouri.

Address:

Legal Description (or see attached exhibit):

As described in attached Exhibit.

Together with the following items, if any: (Strike items to be retained by Seller) curtains and rods, draperies and rods, valances, blinds, window shades, screens, shutters, awnings, wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail boxes, television antennas and satellite dish system with controls and equipment, permanently installed heating and air-conditioning units, window air-conditioning units, built-in security and fire detection equipment, plumbing and lighting fixtures including chandeliers, water softener, stove, built-in kitchen equipment, garage door openers with controls, built-in cleaning equipment, all swimming pool equipment and maintenance accessories, shrubbery, landscaping, permanently installed outdoor cooking equipment, built-in fireplace screens, artificial fireplace logs and all other property owned by Seller and attached to the above described real property except the following property which is not included (list items not included):

All property sold by this contract is called the "Property."

2. SALES PRICE: The parties agree to the following sales price:

Both columns should be an equal amount.

3. FINANCING: The following provisions apply with respect to financing:

CASH SALE: This contract is not contingent on financing.

OWNER FINANCING: Seller agrees to finance dollars of the purchase price pursuant to a promissory note from Buyer to Seller of $ , bearing % interest per annum, payable over a term of years with even monthly payments, secured by a deed of trust or mortgage lien with the first payment to begin on the day of

NEW LOAN OR ASSUMPTION: This contract is contingent on Buyer obtaining financing. Within days after the effective date of this contract Buyer shall apply for all financing or noteholder's approval of any assumption and make every reasonable effort to obtain financing or assumption approval. If financing or assumption approval is not obtained within days after the effective date hereof, this contract will terminate and the earnest money will be refunded to Buyer.

If Buyer intends to obtain a new loan, the loan will be of the following type:

Conventional VA FHA Other:

The following provisions apply if a new loan is to be obtained:

FHA. Appraised value of not less than $

VA. If Buyer is to pay the purchase price by obtaining a new VA-guaranteed loan...

Existing Loan Review. If an existing loan is not to be released at closing, Seller shall provide copies of the loan documents within calendar days...

Credit Information. Supply to Seller on or before , at Buyer's expense, financial, employment and credit information.

4. EARNEST MONEY: Buyer shall deposit $ as earnest money with upon execution of this contract by both parties.

5. PROPERTY CONDITION:

SELLER’S DISCLOSURE OF LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS is required by Federal law for a residential dwelling constructed prior to 1978.

An addendum providing such disclosure is attached is not applicable.

Buyer accepts the property in its "as-is" and present condition.

Buyer may have the property inspected by persons of Buyer's choosing and at Buyer's expense.

Buyer accepts the Property in its present condition; provided Seller, at Seller’s expense, shall complete the following repairs and treatment:

Mechanical equipment and built-in appliances:

sold "as-is" without warranty shall be in good working order on the date of closing.

Any repairs needed to mechanical equipment or appliances shall be the responsibility of Seller Buyer.

Utilities: Water is provided to the property by , Sewer is provided by .

Gas is provided by .

Electricity is provided by .

Other:

6. CLOSING: The closing of the sale will be on or before , unless extended pursuant to the terms hereof.

7. DEED AND TITLE INSURANCE: Seller is to convey title to Buyer by Warranty Deed or .

8. APPRAISAL, SURVEY AND TERMITE INSPECTION:

Appraisal responsibility of Buyer Seller.

A survey is not required required, cost paid by Seller Buyer.

A termite inspection is not required required, cost paid by Seller Buyer.

9. POSSESSION AND TITLE:

Title shall be conveyed to Buyer as:

10. CLOSING COSTS AND EXPENSES:

11. PRORATIONS: Taxes, interest, maintenance fees, assessments, dues and rents will be prorated through the Closing Date.

12. CASUALTY LOSS: If any part of the Property is damaged or destroyed after the effective date of the contract, Seller shall restore the Property as soon as reasonably possible.

13. EARNEST MONEY AND ADDITIONAL DEPOSITS:

Escrow Agent:

14. DEFAULTS AND REMEDIES:

15. ATTORNEY'S FEES: The prevailing party is entitled to recover reasonable attorney’s fees.

16. REPRESENTATIONS:

17. FEDERAL TAX REQUIREMENT:

18. NOTICES:

19. ASSIGNMENT: This agreement may not be assigned by Buyer without the consent of Seller.

20. PRIOR AGREEMENTS: This contract incorporates all prior agreements between the parties.

21. NO BROKER OR AGENTS:

22. EMINENT DOMAIN: If the property is condemned by eminent domain...

23. OTHER PROVISIONS

24. TIME IS OF THE ESSENCE IN THE PERFORMANCE OF THIS AGREEMENT.

25. GOVERNING LAW: Missouri.

26. DEADLINE LIST (Optional)

EXECUTED the day of , 20 (THE EFFECTIVE DATE).

EXHIBIT FOR DESCRIPTION OR ATTACH SEPARATE DESCRIPTION

RECEIPT

Receipt of Earnest Money is acknowledged.