North Dakota Contract for Deed

NORTH DAKOTA CONTRACT FOR DEED

I. PARTIES TO THE AGREEMENT

This Contract for Deed is made and entered into on this day of , ,

between:

SELLER(S):

Name(s):

Address:

(hereinafter referred to as "Seller")

PURCHASER(S):

Name(s):

Address:

(hereinafter referred to as "Purchaser")

II. PROPERTY DESCRIPTION

The Seller agrees to sell and the Purchaser agrees to purchase the following described real property (the "Property"):

Street Address:

City, State, Zip:

Legal Description:

III. PURCHASE PRICE AND PAYMENT TERMS

The total purchase price for the Property is (U.S. Dollars).

The Purchaser agrees to pay the purchase price as follows:

Down Payment:

Remaining Balance:

The remaining balance shall be paid in monthly installments of each, including interest at the rate of per annum, commencing on and continuing on the day of each month thereafter until the entire balance is paid in full.

Late Payment Fee: A late fee of will be assessed if payment is not received within days of its due date.

IV. DEFAULT AND FORFEITURE PROVISIONS

In the event of Purchaser's default on any terms of this Contract, including but not limited to timely payments, Seller may enforce forfeiture provisions as described in the "Seller's Disclosure of Forfeiture Rights for Contract for Deed" and other notices provided in this package.

Purchaser acknowledges receipt of the "Seller's Disclosure of Forfeiture Rights for Contract for Deed" at the time of signing this contract.

V. GENERAL PROVISIONS

Property Taxes: Purchaser shall be responsible for all property taxes beginning with the year .

Insurance: Purchaser shall maintain hazard insurance on the Property with Seller named as an additional insured.

Maintenance: Purchaser shall be responsible for all maintenance and repairs to the Property.

Recording: This Contract for Deed shall / shall not be recorded in the county where the Property is located.

VI. SIGNATURES