olzneo.blogg.se - Free contract for deed template illinois

The Purchaser is advised that, if insurance coverage is desired by the Purchaser, the Purchaser should inquire with the Purchaser's insurance agent regarding a personal contents policy of insurance. The Purchaser is hereby advised and understands that the personal property of the Purchaser is not insured by the Seller for either damage or loss, and the Seller assumes no responsibility for any such damage or loss.The Purchaser is responsible for insuring the Seller's contents and furnishings in or about the Premises against both damage and loss and the Purchaser assumes liability for any such damage or loss.For the duration of this Agreement, the Purchaser will be responsible for all taxes and assessments levied against the Premises.

The balance of the monthly payment will be applied to the principal amount of the Purchase Price outstanding.

Interest of _% per year will be computed monthly and deducted from the monthly payments.

The Purchaser agrees to pay the Purchase Price in monthly installments of $_, due on the _st of each month, beginning on August 7, 2023, until the Purchase Price is paid in full.

The purchase price (the "Purchase Price") of the Premises is $_.

On the _ day of _, _, the Seller, for and in consideration of the sum of $_, does hereby convey and grant with warranty covenants to the Purchaser, all of the following lands and property, together with all improvements located on the property: as described in the attachment (the "Premises").

IN CONSIDERATION OF the covenants and agreements contained in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties to this Agreement agree as follows:

THIS CONTRACT FOR DEED (this "Agreement") dated this _ day of _, _