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Fill and Sign the Sellers Disclosure of Financing Terms for Residential Property in Connection with Contract or Agreement for Deed Aka Land 497318503 Form

Fill and Sign the Sellers Disclosure of Financing Terms for Residential Property in Connection with Contract or Agreement for Deed Aka Land 497318503 Form

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SELLER'S DISCLOSURE NOTICE FINANCING TERMS Before the Contract for Deed contract regarding the property located at _       __ is to be signed by the Purchaser, the Seller does provide to the purchaser a written statement that specifies: (1) the purchase price of the property is _       __ ; (2) the interest rate charged under the contract is _       __ ; (3) the dollar amount, or an estimate of the dollar amount if the interest rate is variable, of the interest charged for the term of the contract is _       __ ; (4) the total amount of principal and interest to be paid under the contract is _       __ ; (5) the late charge, if any, that may be assessed under the contract is _       __ ; and (6) the seller may not charge a prepayment penalty if the purchaser elects to pay the entire amount due under the contract before the scheduled payment date under the contract. _       __ _________________________________ (Date) (Signature of Seller) Printed Name: _       __ _________________________________ (Signature of Seller) Printed Name: _       __ _       __ _________________________________ (Date) (Signature of Purchaser) Printed Name: _       __ _________________________________ (Signature of Purchaser) Printed Name: _       __

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