Fill and Sign the Owner Financing Contract Template with Promissory Note Exitadviser Form

Contract for the Sale of Personal Property – Owner Financed with Provisions for Note and Security Agreement Agreement made on the ___________________ (date), between __________________ (Name of Buyer) of ____________________________________________________________ _____________ (street address, city, county, state, zip code), referred to herein as Buyer, and ____________________ (Name of Seller), of ___________________________________ _____________________________________ (street address, city, county, state, zip code), referred to herein as Seller. 1. Sale of GoodsSeller shall sell, transfer, and deliver to Buyer on or before __________________ (date of sale), the following personal property, hereinafter called Goods: (description of goods) ________________________________________________________________________________________________________________________________________________________. 2. Consideration Buyer shall pay $____________ (dollar amount) to be applied on the purchase price, and agrees to pay the balance of the purchase price as follows: $____________ (dollar amount), to be evidenced by a Promissory Note of Buyer, providing for full prepayment privileges without penalty. Said Note shall be in the form attached hereto as Exhibit B. The balance of said purchase price shall be secured by the security agreement set forth in Paragraph 5 below with the appropriate Uniform Commercial Code financing statements. 3. Identification of GoodsIdentification of the Goods to this Agreement shall not be deemed to have been made until both Buyer and Seller have specified that the Goods in question are marked to be included within this Agreement. 4. Payment on ReceiptBuyer shall pay $_____________ (dollar amount) at the time when, and at the place where, the Goods are received by Buyer. 5. Security AgreementA. Buyer grants to Seller a security interest in the Goods and any and all additions and accessions (the Collateral) to secure the payment of Promissory Note and any and all other liabilities, direct or indirect, absolute or contingent