Seller Finance Agreement

SELLER FINANCE AGREEMENT

Parties

This Seller Finance Agreement is made between the undersigned parties on the date of the last signature below.

Property Identification

Purchase and Financing Terms

Purchase Price: $   Down Payment: $   Earnest Money: $

Amount Financed (principal): $   Interest Rate (per annum): %

Amortization: years   Payment Frequency:

Regular Payment Amount: $   First Payment Due:

Balloon Payment (if any): $   Balloon Due Date:

Late Charge: If any installment is not received within days after its due date, a late charge equal to the greater of $ or % of the overdue payment shall be due.

Security Instrument and Priority

To secure payment of the Amount Financed and performance of all obligations under this Agreement, Borrower will execute and deliver a promissory note and a deed of trust or mortgage, as applicable, against the Property in favor of Seller. The parties acknowledge that: (check applicable)

Taxes, Insurance, and Escrow

Property taxes, hazard insurance, and assessments shall be paid by:

If escrow is established, Borrower shall deposit with the escrow holder amounts sufficient to pay property taxes and insurance premiums when due. Seller may require evidence of adequate hazard insurance naming Seller as loss payee.

Maintenance, Possession, and Utilities

Possession of the Property shall be delivered to Buyer on the possession date: unless otherwise agreed in writing.

Buyer shall maintain the Property in good repair, immediately notify Seller of any material damage, and keep utilities in service. Buyer shall be responsible for routine maintenance and minor repairs; Seller remains responsible for any obligations expressly stated in this Agreement.

Inspections, Warranties, and Disclosures

Buyer acknowledges the opportunity to inspect the Property. Seller represents that, to Seller's knowledge, the following conditions are true:

Lead-Based Paint Present? Yes No

Known Mold or Water Intrusion? Yes No

Prior Structural Damage or Repair of Foundation? Yes No

Default; Acceleration; Remedies

If Buyer fails to make any payment when due or otherwise breaches this Agreement or the security instrument, Seller shall provide written notice of default. Buyer shall have days from receipt of such notice to cure. Failure to cure permits Seller to declare the entire unpaid principal and accrued interest immediately due and payable and pursue foreclosure or other remedies permitted by law.

Buyer shall be responsible for all costs of collection, including reasonable attorneys' fees, court costs, and costs of sale, if Seller enforces any remedy under this Agreement or the security instrument.

Prepayment

Prepayment of principal may be made at any time without penalty Yes No If prepayment penalty applies, describe:

Closing; Escrow Instructions

The closing of this transaction shall occur on or before . At closing, Seller shall deliver to Buyer a deed conveying marketable title subject only to permitted encumbrances and any encumbrances consented to by Buyer in writing.

Notices

All notices under this Agreement must be in writing and delivered to the addresses below by certified mail, overnight courier, or personal delivery, and shall be effective upon receipt.

Miscellaneous Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of .

Entire Agreement: This Agreement, the promissory note, and the security instrument contain the entire agreement between the parties relating to the subject matter hereof and supersede all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written.

Assignment: Buyer may not assign its rights or obligations under this Agreement without Seller's prior written consent. Seller may assign its interest in the Note or security instrument provided such assignment does not materially alter Buyer's obligations hereunder.

Execution and Acknowledgment

The parties acknowledge that they have read and understand this Agreement, are authorized to enter into it, and that each party has received a signed copy.

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