Real Estate Land Contract Restrictions

REAL ESTATE LAND CONTRACT RESTRICTIONS

Parties and Reference

This Restriction Agreement is made effective as of Land Contract Date: and is executed contemporaneously with the Land Contract referenced below between Seller Name: and Buyer Name: .

Land Contract Reference / Instrument No.: County of Recordation:

Property Identification

Restrictions and Covenants

The following restrictions are covenants running with the land and are binding on Buyer and Buyer’s successors and assigns for the Term specified below unless otherwise modified in writing in accordance with Article 8 (Amendment).

1. Use Restriction — Residential Only: If assessed, further limitation: Minimum dwelling units per parcel:

2. No Commercial or Industrial Use: Exceptions (if any):

3. No Subdivision or Lot Line Adjustment without Seller Consent:

4. Mobile Homes / Temporary Dwellings Prohibited: Manufactured home allowance (if permitted):

5. Minimum Building Standards — Height and Setbacks: Front setback: Side setback: Maximum height:

6. Exterior Materials and Appearance Guidelines (architectural review required): Review authority:

7. Fencing, Landscaping, and Livestock Restrictions: Fencing permitted: Livestock allowed: Additional limitations:

8. Mineral, Timber and Subsurface Rights: Seller reserves mineral/timber rights: If reserved, description:

9. Environmental and Water Resource Restrictions (waste, wetlands, wells): Prohibition on hazardous discharge: Prohibition on drilling without consent:

10. Easements and Access: Recorded easements shall remain unimpaired: Driveway and access maintenance responsibility:

Term and Recording

Term of Restrictions (years): Commencement Date: Termination Date (if any):

Recording Requested: If recorded, record as:

Default, Enforcement, and Remedies

Upon breach of any covenant by Buyer, Seller is entitled to enforce this instrument by injunction, specific performance, or monetary damages. Buyer expressly agrees that Seller may seek injunctive relief to prevent irreparable harm.

Remedies elected shall include (check all that apply): Injunctive Relief Monetary Damages Lien or Foreclosure Pursuant to Land Contract

Liquidated damages (optional): $ If not specified, actual damages shall be determined in accordance with law.

Prevailing party in any enforcement action shall be entitled to recover reasonable attorneys' fees and costs:

Maintenance, Insurance and Utilities

Maintenance responsibility for improvements:

Insurance requirements: Buyer shall maintain casualty insurance naming Seller as loss payee while contract obligations remain: Minimum coverage amount: $

Utilities responsibility:

Disclosures

Lead-based paint present? Yes No

Known mold or water intrusion? Yes No

Prior material damage or repairs (fire, flood, structural): Yes No If Yes, describe:

Notices

Amendment, Severability and Governing Law

Amendment: These restrictions may be amended only by written instrument executed by Seller and Buyer of record and, where required, recorded in the County of Recordation.

Severability: If any provision of this instrument is held invalid, the remaining provisions shall remain in full force and effect.

Governing Law: This instrument shall be governed by the laws of the State of .

Acknowledgement

Each undersigned represents and warrants that they have the authority to bind the party for whom they sign, have read this Restriction Agreement, and agree that these covenants shall be enforceable as provided herein.

Buyer acknowledges receipt of a copy of these restrictions: Yes No

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