AGREEMENT FOR SALE OF REAL ESTATE
DATE RETURNED:__________________

ACCEPTED:_____DECLINED:_____

DATE NOTIFIED:____________________

Name of Credit Card Holder:
(as shown on card)________________________________

Issuing Bank:____________________________________

Agreement#:_____________________________________

THIS AGREEMENT is made this _______ day of ______________, __________, between:___________________, whose principal place of business is:_______________________________________________, hereinafter designated as "SELLER", and:
BUYER(S), herinafter designated as "BUYER":__________________________ whose current home &/or business address is:___________________________________________________________________
and whose PHONE NUMBERS: HOME:___________________BUSINESS:__________________
WITNESS: That SELLER in consideration of the covenants and agreements hereinafter contained, agrees to sell and convey to BUYER(S), and BUYER(S) agree(s) to purchase the following described real property:

COSTILLA COUNTY, COLORADO

IN CONSIDERATION thereof, BUYER(S) agree(s) to pay to SELLER the balance of

*** TEN THOUSAND and 00/000 DOLLARS, (10,000)***

lawful money of the UNITED STATES, in the manner set below:


____________________________TRUTH IN LENDING STATEMENT_____________________________

This Agreement shall be binding upon an inure to the benefit of the heirs, successors and, assigned to the parties hereto. The total of Payments as set forth herein, shall be payable in_________ consecutive monthly installments of $_______________,principal and interest, on the __________ day of each month thereafter, commencing __________________ and a final installment of the unpaid balance due on _______________, _________________.

1. CASH PRICE:______________________________________ $_______________

2. DOWN PAYMENT.: $________ YOUR CREDIT CARD #:________________EXP DATE:____________

3. AMOUNT FINANCED (Unpaid Balance):.....................................................................$10,000.00
(NOTE: Your downpayment or "Bid Amount" will be deducted from the amount financed).

SELECT A MONTHLY PAYMENT.................................................$133.16..........$112.12

Charges for: ........................................................................................................144 MONTHS...........240 MONTHS

4. OTHER CHARGES (See Covenant item #12):...............................................$432.00.....................$720.00

5. FINANCE CHARGES:........................................................................................$8,833.04..................$16,278.80

6. TOTAL OF PAYMENTS: (Total of 1 + 4 + 5):...............................................$19,175.04................$26,908.80

7. DEFERRED PAYMENT PRICE: (Total 6 + 2):...............................................$________................$________

8. ANNUAL PERCENTAGE RATE:...............................................................................................12 %

IN WITNESS WHEREOF, said Parties have hereunto fixed their signatures the day and year first above written.

SELLER:____________________________________

BUYER:__________________________________ BUYER:__________________________________

COVENANTS AND AGREEMENTS
OF AGREEMENT FOR SALE OF REAL ESTATE

1. TAXES which accrue during the year of purchase by "BUYER" shall be prorated as of the date of execution of this Agreement. Thereafter, BUYER shall pay for all subsequent taxes and all assessments levied subsequent to date of this Agreement.
2. "BUYER" shall have no right to cut or harvest any trees from the property excepting for his personal use until such time as the property is paid in full. No trees over 4" in diameter can be harvested.
3. BUYER shall construct no buildings upon the property that do not conform to applicable Health and Building Codes of Costilla County, Colorado.
4. BUYER will allow no public nuisances to be created upon the property and will not allow the property to become unsightly.
5. IT IS understood and agreed between said parties that time is of the essence of this Agreement, excepting: SELLER reserves all rights and should BUYER(S) fail to comply with the terms thereof, then SELLER, at his option, be released from all obligations in law and in equity to convey said property; and BUYER shall thereupon be deemed to have waived all rights thereto and all monies under this contract shall be deemed as payments to SELLER for the execution of this Agreement and for the rental of the premises.
6. SELLER, 12 (Twelve) months from the date of this Agreement, at the time and in the manner described, agrees, at BUYER'S expense, to deliver a policy of title insurance., excepting: SELLER reserves all oil, gas and other hydrocarbon substances lying in, under or around said property.
7. AT BUYER'S request, SELLER will issue to BUYER, his heirs and assigns, 12 (Twelve) months subsequent to the date of this Agreement, a Grant Deed secured by a Note and Deed of Trust to the subsequent property, provided that BUYER has adhered to ALL of the terms and conditions of this Agreement, and all payments have been timely, and account is current.
8. A LATE CHARGE of ten percent (10%) of gross monthly payment, but not less than Five Dollars ($5.00), will be charged for any payment RECEIVED ten (10) days after the date as set forth on Page 1 of this Agreement.
9. BUYER agrees to pay one-half (1/2) monthly collection fee on each installment. The fee as of the date of this Agreement is Six Dollars ($6.00). BUYER will pay Three Dollars ($3.00) as his portion. This fee may be subject to minimum increase during the term of this contract. SELLER will notify BUYER in writing prior to increase, if any.
10. SELLER will allow bearer a one year exchange on any parcel of comparable price. BUYER may upgrade at any time during the term of this Agreement.
11. BUYER agrees upon issue of Deed and Note to sign Estoppel Deed in Lieu of Foreclosure with a 90-day grace period attended by SELLER.
12. DISCOUNT: a discount of ten percent (10%) off the principal balance is offered to buyer for a cash out of principal balance at any time.
13. PREPAYMENT PENALTY: There is NO penalty for early pay-off. BUYER can make greater installments and avoid some of the INTEREST charges.
14. SELLER shall have the right to assign this Agreement.
16.THIS LOT is sold as is, SELLER makes no representation as to the value, if any.

I/WE HAVE READ ALL THE ABOVE CONDITIONS, AND UNDERSTAND AND ACCEPT THEM AS PART OF THIS SALES AGREEMENT.

BY:____________________________________

BY:____________________________________

BY:____________________________________

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