AGREEMENT -BILLYLAND.COM

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:

_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
FERGUS COUNTY, MONTANA

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

*** THIRTY ONE THOUSAND FIVE HUNDRED and 00/000 DOLLARS, (31,500)***

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 144/ 240 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):.....................................................................$31,500.00

SELECT A MONTHLY PAYMENT.................................................$416.73..........$349.84

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

4. OTHER CHARGES (See Covenant item #9):...............................................$432.00.....................$720.00

5. FINANCE CHARGES:........................................................................................$28,077.12................$51,741.60

6. TOTAL OF PAYMENTS: (Total of 1 + 4 + 5):...............................................$60,009.12................$83,961.60

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 FERGUS COUNTY, MONTANA.

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, and in case "BUYER(S)" shall fail to make the payments as required on page 1, or any oh them, punctually within 10 days of the time limited thereof or fail to keep any agreement herein contained, the SELLER at SELLER'S option shall have the following rights:
1. To declare this contract canceled for default and null and void, and to declare the purchaser's rights forfeited and debt extinguished, and to retain sums previously paid hereunder by the buyers.
2. To declare the whole unpaid principal balance of said purchase price with the interest thereon at once due and payable;
3. To withdraw said deed and other documents from escrow, and/or;
4. To foreclose this contract by suit in equity.

6. IN CASE suit or action is instituted to foreclose this contract or to enforce any provision hereof, the losing party in said suit or action agrees to pay such sums as the trial court may adjudge reasonable as attorney's fees to be allowed the prevailing party in said suit or action and if an appeal is taken from any judgement or decree of the trial court, the losing party further promises to pay such sum as the appellate court shall adjudge reasonable as the prevailing party's attorney's fees on such appeal.

7. UTILITY EASEMENT: The location of the Public Utilities shall follow the road easement where practical; if not practical in the judgement of the utility company, said Public Utility, along the required guy wires or other appurtenances, shall be placed where said utility company deems appropriate.

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%) of principal balance is offered to BUYER if final payment is made within three (3) years from date of Agreement.

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, SELLER shall obtain BUYER'S permission before assigning Agreement.

16. THIS LOT is sold as is, SELLER makes no representation as to the value, if any.

17. SELLER will subordinate loan if requested by BUYER(S).

18. BUYER(S) acknowledge reading and acceptance of "Beaver Ridge Estate Protective Covenants", pages 1 thru 3; "Beaver Ridge Estates Declaration of Establishment of Conditions, Property and Restrictions Affecting Real Property", Pages 1 thru 3; and "Homeowners Association Beaver Ridge Estate" pages 1 and 2. BUYER(S) understand(s) these covenants, conditions, restrictions go with and are part of the property.

19. AT BUYER'S is/are aware and accept that Fergus County has limited resources for road maintenance and snow removal for Fairview Road in winter, and limited summer maintenance. There is limited snow removal and maintenance for the Forest Grove Road. Additional future service for this road is unknown at this time.

ACKNOWLEDGMENT:

BY:_____________________________________ BY:______________________________

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Hanover, NM 88041
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