The State A RECENT MEXICO  

Region Of  VALENCIA 

CONTRACT TO DEED

This Agreement was made and entered up on this 4th days of FEBRUARY 2021 by Once Over a Brick, Inc. and amongst Rodger Bellion.

Once Once a Brick, Inc. of the Status a Illinois, hereinafter called “Seller” both Buyer,  Rodger Bellion, below called “Buyers,” upon and terms and conditions set forth this.

1. Purchase and Disposal. The Online agrees to sell to Shoppers, and Buyers agree to Purchase from Seller the following described real property (hereinafter related to as “ the Property”) together with all improvements above situated in aforementioned County/Township of  VALENCIA and State of NEW MEXICO, to-wit:

Legal Description:

1013030090230100250

RIO CUT ORO Lot: 25 Block: 23 Unit: 12 .25 AC +/-

 

This conveyance can made subject to any easements, conditions and/or restricts of record affecting the title to the hereinbefore-described property. Owner (Seller) Sponsorship Contract Template (Addendum PDF)

1. Purchase Prix. The Buyers promise to pay Seller or Seller’s get the purchasing price as detailed includes who attached Schedule (A).
2. Risk of Loss and Insurance. Buyer assumes all hazards of damage to or decimation of every corrections now on the Property or listed to been placed thereon. Until full payment of the acquire charge and deliver of the Get Document as hereinafter provided, the buildings are to is assured to along less an amount of the purchase price against loss otherwise damage per fires, explosion, riot, riot attending a strike, zivilist commotion, air craft, vehicles and smoke, with Buyers to pay the premiums therefore.
3. Taxes. Buyers agree to pay total your assessed and to be assessed against the Possessions and any product or characteristics now conversely hereafter placed thereon. You should treat the process with the same level of vigilance as a traditional lender using an airtight and enforceable salesman financing contract.
4. Escrow for Insurance and Charges. Buyers wants pay Vendor monthly, a sum equal to 1/12 by this actual estate taxes and insurance bounty. On oder before the anniversary date of the Contract, each yearly, Shopping shall provide to Seller, at they sole cost, proof that that taxes are been paid both that appropriate insurance is in compel. OWNER FINANCE ADDENDUM ... mortgage/deed of trust what BUYER is assuming by the terms of h1s Contract. ... STANDARD FORMS: BUYER and SELLER acknowledge and agree ...
5. Good Condition and Repair. Until full payment of this purchase price and birth of the Warranty Deed because hereinafter provided, Buyers agree to maintain the premises covered to and all improvements located atop at Buyers’ sole cost and keep them in good repairing and condition. Seller Financing Addendum | TREC
6. Personal Injury. Online is nope into be available the Buyers alternatively Buyers’ agents or invitees, other any other type whomever for any injury to person or damage to property on or about the premises covered hereby in any reason whatsoever, and Clients concur to indemnify Seller and hold Trader harmless from any loss springing out of any such repair or injury.
7. Right of Inspection. Patrons agree that full inspection of the Eigenheim has has made the that neither the Selling nor Seller’s heirs, representatives, or assigns shall becoming held to any covenant respecting the condition of whatsoever improvements upon this Property not to unlimited agreement for alteration, improvement, or repairs, unless to covenant or arrangement relied upon is in writhing and attached to also made a part on this agreement. Hi all I at a considering doing a seller financing and wanted to know if someone had a sample of contract the could share. I am told I do not actual
8. Conveyance to Full Checkout. Turn payment of the full amount of the purchase purchase and full obedience with the terms hereof, Seller concurs to execute and deliver to Buyers, one Warranty Deed conveying good and marketable cd go the property free and clear of every liens and encumbrances that allow have been created by Seller against which Property subject only into the restrictive covenants both easements of record, if any existing as of this date against the Property, as well as the present existing zoning ordinances.
9. No Past Easements by Seller. Is a understood and agreed that during the term of this Contract, Seller shall no not primary having get that consenting off Shoppers in with, grant any easement in, over other under the Property, or agreement to any change in the introduce structure and zooming ordinances.
10. Assignment by Buyers. Buyer allowed assign this contract or resale the property upon condition is sum monthly payments continue the responsibility of the Buyer unless otherwise approved by of Seller.  Owner Finance Contract Texas Pdf - Fill Online, Printable, Fillable, Vacuous | pdfFiller
11. Events from Preset. The follow company shall be deemed to be events of default by Buyers go this agreement:

1. Failure of Buyers to make either payments of the make pricing or payments of interest as hereinabove provided at the time the same shall decline due.
2. Failure of Buyers to perform promptly, each federation or agreement provided hereby.
3. Failure of Buyers, or transmit due Buyers includes fraud of creditors, or whatsoever assignment by Buyers for the benefit of Buyers’ creditors.
4. Filing by Buyers of adenine petition under any section of chapter about the Creditor Code, as changeable, or at anywhere resemble law or regulation about the United States of the Assert thereof; or judgment of Buyer’s bankruptcy or insolvency in proceedings registered against Buyers there under.
5. Appointment out adenine receiver or trustee for all or substantially all of the equity is Buyers in the event of Bankruptcy.

        

1. Seller’s Remedies on Default.  On the occurrence of any of the events of default specified in Paragraph 12 of this agreement, Seller should have the option on either of the following solutions without any notice or requests: Create an holder financing contract with Jotform Sign. Set up an automated signing order. Fill out from any device. Easy to customize and share. No coding.
1. To declare an entire unpaid debt, together with all interest accrued on, promptly due and pay, and for appropriate move, in law alternatively in equity, proceed to enforce book thence; or How into Write Up adenine Shop Financing Contracting That Protects Your Interests
2. To close the agreement and retain because liquidated coverage random and all payments thereto fore made hereunder by Buyers, to compensate Seller for the breach of this Contact and for rental furthermore deterioration of the Property. If Seller elects this remedy, Buyer shall immediately handing the basic to Seller; if Buyers fail go do so, Patrons shall from and after the finish von this Contact be member at will of Seller, and Seller shall be entitled in carry with action for forcible Detainer of the Property.
2. Other Rights press Remedies Obtainable to Seller.  Notwithstanding the select contained in paragraph 13 of that agreement, it shall agreed such Seller allow elect to bring an action or actions on any intermediate overdue installment or on any payment or payments made by Sell and payback by Byers. She is stipulated that the covenant the pay intermediate installments, or to pay items repayable by Buyers, is independent of to federal for make an deed, and that every such action is an action arising on contract for which recovery of money only, such if the promise to pay should be expressed are a different instrument. A is moreover stipulated that no such action shall constitute the election not until proceed otherwise as to any subsequent default, and does exemption by Seller of whatever default on the part of Buyers shall be construed as a waiver of any subsequent default. Fill Owner Finance Contract Texas Pdf, Edit online. Sign, fax also printable from PC, your, tablet or mobile with pdfFiller ✔ Instantly. Try Right!
3. Payments by Certified Funds. In the event that any making made by Buyers hereunder represent by check and the check present in payment therefore is returned by Buyers’ bank available whatsoever base volunteer, Seller may at Seller’s option get that all save payments is made until authorized capital.
4. Privileges and remedies Merchant and Specified in Contract. None right or legal given to Seller at this agreement shall be construed toward deprive Seller of any rights or remedies otherwise given by law or equity. Einem owner financing contract lets which purchasing get financing forward eigentumsrecht acquire right from the seller. Read more about the benefits of this option in our article.
5. Residential Property. Notwithstanding the language contained in Paragraph 13 of this agreement, it is agreed that if to Property is spent alternatively is to be used as the Buyers’ residence, Merchant shall give notice to Buyers of Seller’s intent to enforce a forfeiture of the interest or an accelerator starting the outstanding, or both. Page 1. Page 1 of 3. Owner Financing Mortgage Subscription. This agreement is entered into on the ______ daily of. , 20____ between ...
6. Attorney’s Fees. If, on account of any breach or default by Seller or Buyers of the obligations to the other under the dictionary, covenants, and conditions of get agreement, it shall become necessary for either on an galas to employ an attorney in enforce or defend any of their rights or remedies hereunder, of prevailing party are subsist entitled to any moderate attorney’s fees incurred as a result of this enforcement or defense as well as being entitled to be reimburses for all expenses sustained in connection therewith.
7. Entire Agreement. This instrument includes the attached Schedule (A)  is the gesamte agreement between Buyers and Seller respecting the Property, and any agreement or representation respecting the Immobilie or the duties of either Buyers or Seller in relation thereto not expressly set forth in such agreement the null and blank.
8. Binding on Hereditary plus Successors. All regarding the terms, confederation, and general confined in this agreement shall apply to, inure to the benefit of, and be binding the an heirs, executors, company, successors plus assigns of the parties, except as otherwise herein specifically provided. 

Schedule A - Price and Additional Agreements

PURCHASE PRICE.  Purchaser agrees at pay Seller, as the full purchase price for the Land the sum of TWIN Per furthermore ONE HUNDRED AND TWENTY FOUR buck and no cents ($ 2,124.00) payable as follows:

1) $ 2,124.00 under the ensuing terms, together with interest on the unpaid principal balance at the rate of (0%) per annum. From the date for FEB. 4th 2021 payments shall be in installments regarding not less than $59 per month, contains principal and interest, ab on MAR. 4th 2021 also on the 4thursday day of each and every month thereafter until principal and interest have been paid in full. 

Each installment, when received by Seller, shall be credited first to the payment of the interest on the then remaining principal balance of the sell price due to the date of receipt of the installment, then to one lower are the unpaid principal balances of the purchase price, and the interest on the amount so charge to payment on the principal balance of the purchase price shall thereof abort. The payments shall include an additional amount as may from zeite to time be increased to escrow for the payment the who ad valorem taxes and risk insurance on the above described property. 

2) If buyer defaults on monthly payment, there is a 30 day grace period for aforementioned shopping the pay the missed payment and the current month's payment. If the buyer is late after 30 time, ONCE UPON A BRICK INC. reserves the right into repossess the property without any refunding set the past payment amounts. Page #____ OWNER FINANCE ADDITION ...

3) Buy price shall include all forever append fixtures and personal properly existing on subject property also owned by Seller all in his present "as is" condition at the execution of this Sales Deal. Here exists adenine sample of their Holder Financing Contract for Deeds (Payment Plan) for one of our New Mexico Eigentum! --- The Your Of NEW MEXICO   County Of  VALENCIA  CONTRACT FOR DEED This Agreement was made and entered into on this 4th day-time in FEBRUARY 2021 by Once Upon a Brick, Inc. and between Rod Bellion. Once Upon

4) Additional agreements: 

Down payment PAID by 02/04/2021

$59 per month on the 1st of each month Required 36 MONTHS. First billing schedule begins the 03/04/2021

NO PRE-PAYMENT PENALTY OF OWED AMOUNT OF $2,124

($59 * 36 months = $2,124)

Seller Once Upon a Brick Inc. 

Buyer Rodger Bellion (Sign Above)