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Pennsylvania ser Date _______________________ _______________________ _______________________ ________________________ Agent Date Agent Date ________ _______________________ ________________________ Seller Date Seller Date _______________________ _______________________ _______________________ ________________________ Purchaser Date Purchafollowing parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate. _______________________ _______________ledgment (initial) (e)------ Agent has informed the Seller of the Seller's obligations under 42 U.S.C. 4852d and is aware of his/her responsibility to ensure compliance. Certification of Accuracy The nt and/or lead-based paint hazards; or (ii) _____ waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. Agent's Acknowome. (e) Purchaser has (check (i) or (ii) below): (i) _____ received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paiing. Purchaser's Acknowledgment (initial) (c) _____ Purchaser has received copies of all information listed above. (d) _____ Purchaser has received the pamphlet Protect Your Family From Lead In Your Hrds in the housing (list documents): ______________________________________________ (ii)____ Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housnd reports available to the Seller (Check (i) or (ii) below): (i) _____ Seller has provided the Buyer with all available records and reports pertaining to lead-based paint and/or lead-based paint hazaare present in the housing (explain): ______________________________________________ (ii) ____ Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing. (b) Records aded prior to purchase. Seller's Disclosure (a) Presence of lead-based paint and/or lead-based paint hazards (Check (i) or (ii) below): (i) _____ Known lead-based paint and/or lead-based paint hazards risk assessments or inspections in the seller's possession and notify the Buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommenoisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the Buyer with any information on lead-based paint hazards from poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead pperty on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead_____________ - 14 - Buyer _________________ Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards Lead Warning Statement Every Buyer of any interest in residential real pro________ ____________________________ ____________________________ Initials Seller _________________ - 13 - Buyer _________________ EXHIBIT "A" Legal Description of Property: Initials Seller ______________________________________ (SEAL) Name typed, printed, or stamped ________________________________________________ My Commission Expires This instrument was prepared by: ____________________TNESS my hand and official seal, this ___________ day of ___________, 20___. ________________________________________________ Signature of person taking acknowledgment (Notary Public) ______________to be the person(s) described in and who executed the foregoing instrument, and acknowledged to and before me that _____________________ executed said instrument for the purposes therein expressed. WI_ - 12 - Buyer _________________ State of __________________________) ) ss County of ________________________) Before me personally appeared _____________________ to me well known and known to me blic) ________________________________________________ (SEAL) Name typed, printed, or stamped ________________________________________________ My Commission Expires Initials Seller ________________therein expressed. WITNESS my hand and official seal, this ___________ day of ___________, 20___. ________________________________________________ Signature of person taking acknowledgment (Notary Punown and known to me to be the person(s) described in and who executed the foregoing instrument, and acknowledged to and before me that _____________________ executed said instrument for the purposes ller _________________ - 11 - Buyer _________________ State of __________________________) ) ss County of ________________________) Before me personally appeared _____________________ to me well k___ Buyer _____________________________ Date ______________________________ Address: ___________________________ City _______________________________ State and Zip _______________________ Initials Se_________________ Date ______________________________ Address: ___________________________ City _______________________________ State and Zip _______________________ Signature _______________________ ______________________________ Address: ___________________________ City _______________________________ State and Zip _______________________ Signature __________________________ Buyer ___________________ Address: ___________________________ City _______________________________ State and Zip _______________________ Signature __________________________ Seller __ ___________________________ DateREOF, the Parties have hereunto set their hands and seals the day and year first above written. Signature __________________________ Seller __ ___________________________ Date _______________________ IS INTENDED TO BE A LEGALLY BINDING CONTRACT. CONSULT AN ATTORNEY AND A TAX PROFESSIONAL BEFORE SIGNING IT, TO MAKE SURE YOU UNDERSTAND ALL OF THE TERMS AND LEGAL AND TAX CONSEQUENCES. IN WITNESS WHE________________________________________________ _____________________________________________________________________________ Initials Seller _________________ - 10 - Buyer _________________ THIS______________ _____________________________________________________________________________ _____________________________________________________________________________ _____________________________amendment, discharge or termination is sought, and then only to the extent set forth in such instrument. ADDITIONAL AGREEMENTS Seller and Buyer additionally agree that: _______________________________nor any provision hereof may be waived, modified, amended, discharged, or terminated except by an instrument in writing signed by the party against which the enforcement of such waiver, modification, ween the parties with respect to the transaction contemplated herein.. It replaces and supersedes any and all oral agreements between the parties, as well as any prior writings. Neither this Contract pewritten or handwritten provisions inserted herein or attached hereto as Addenda shall control all printed provisions in conflict therewith. ENTIRE AGREEMENT This Contract is the entire agreement betenever the context hereof shall require, the singular shall include the plural, the male gender shall include the female gender and the neuter, and vice versa. TYPEWRITTEN OR HANDWRITTEN PROVISIONS Ty______ COUNTERPARTS This Contract may be executed in several counterparts, each constituting a duplicate original, but all such counterparts constituting one and the same Agreement. INTERPRETATION Whors, personal representatives and assigns. However, nothing shall authorize a transfer in violation of any other provisions in the Agreement. Initials Seller _________________ -9- Buyer ___________ision at a later time. BINDING EFFECT This Agreement and covenants herein shall be binding upon and shall inure to the benefit of the parties hereto and their successors, heirs, executors, administratpose for which the waiver was given. If either party fails to exercise or delays exercising any of its rights or remedies under this contract, that party retains the right to enforce that term or provcessary to render it valid and enforceable. WAIVER If one party waives any term or provision of this contract at any time, that waiver will only be effective for the specific instance and specific purceability will affect only that provision and will not make any other provision of this contract invalid or unenforceable and such provision shall be modified, amended or limited only to the extent neition to any other relief to which the prevailing party may be entitled. SEVERABILITY If any court determines that any provision of this contract is invalid or unenforceable, any invalidity or unenforrising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and court costs, and all other expenses, whether or not taxable by the court as costs, in adddiction over the matter. Costs of arbitration, including lawyers' fees, will be allocated by the arbitrator. ATTORNEY FEES AND COSTS In connection with any litigation including appellate proceedings ater it is referred to the mediator, it will be arbitrated by ______________________. an arbitrator to be mutually selected. Judgment on the arbitration award may be entered in any court that has jurisator equally. Each party will cooperate fully and fairly with the mediator and will attempt to reach a mutually satisfactory compromise to the dispute. If the dispute is not resolved within 30 days af dispute arises, the parties will try in good faith to settle it through mediation conducted by ______________________. a mediator to be mutually selected. The parties will share the costs of the medictory compromise to the dispute. If the dispute is not resolved within 30 days after it is referred to the mediator, either party may take the matter to court. Mediation and Possible Arbitration. If a_____ -8- Buyer _________________ The parties will share the costs of the mediator equally. Each party will cooperate fully and fairly with the mediator and will attempt to reach a mutually satisfaLitigation. If a dispute arises, the parties will try in good faith to settle it through mediation conducted by ______________________. a mediator to be mutually selected. Initials Seller ____________ the laws of the State of ________________________________. DISPUTES (select appropriate provisions) Litigation. If a dispute arises, either party may take the matter to court. Mediation and Possible which might or does affect the conveyance contemplated hereunder. GOVERNING LAW This Contract, and all transactions contemplated hereby, shall be governed by, construed and enforced in accordance withative proceedings, including cases, pending or threatened or similar proceedings affecting the Property or any portion thereof, nor has Seller knowledge that any such action is presently contemplated line shall include the feminine and neuter where the context so admits or requires. PENDING LITIGATION Seller warrants and represents that there are no legal actions, suits or other legal or administror closing agent is a party to this Contract. SINGULAR, PLURAL AND GENDER The words "Seller" and "Buyer" herein employed shall be construed to include the plural as well as the singular, and the mascuterms "Seller" or "Buyer" shall be construed to read "Sellers" or "Buyers" whenever the sense of the Contract requires. Unless identified as Seller or Buyer, no real estate professional, escrow agent er's interest, such conveyance shall not be a cause for rescission of this Contract and shall be subject to the terms of this Contract. PARTIES If Seller or Buyer constitutes two or more persons, the l not sell, assign, transfer or convey any interest in the Property or this Agreement, without the prior written consent by Seller. In the event Seller gives Buyer permission to transfer or convey Buy___________ Buyer _____________________________ Address: ___________________________ City _______________________________ State and Zip _______________________ ASSIGNEMENT OR SALE BY BUYER Buyer shal_______________ -7- Buyer _________________ and if to Buyer: Buyer _____________________________ Address: ___________________________ City _______________________________ State and Zip ____________and Zip _______________________ Seller _____________________________ Address: ___________________________ City _______________________________ State and Zip _______________________ Initials Seller __rson; (2) by certified mail; or (3) by overnight courier as follows: If to Seller: Seller _____________________________ Address: ___________________________ City _______________________________ State t, must be in writing, A notice may be delivered to a party at the address that follows a party's signature or to a new address that a party designates in writing. A notice may be delivered: (1) in pey obligations secured hereby shall remain fully effective as if no acceleration had ever occurred. NOTICES Any notice to be given or to be served upon any party hereto, in connection with this Contracinstatement amounts and expenses by: cash, valid money order, valid certified check, valid bank check, or valid cashier's check (d) In the event of any reinstatement, this Security Instrument and anement; and reimburses all expenses incurred by Seller in enforcing this Contract and protecting Seller's interest in the property, including, but not limited to, reasonable attorneys' fees. pay any reof _________________________, provided that Buyer: (a) (b) (c) pays Seller all sums due at that time under this Contract as if no acceleration had occurred; cures any default or other covenant or agreAFTER ACCELERATION If Buyer defaults under the terms of this Contract and payments are accelerated hereunder, Buyer shall have the right to reinstate this Contract as allowed by the laws of the State is Contract JOINT AND SEVERAL LIABILITY If there is more than one Buyer, then all Buyers covenant and agree to joint and several liability and obligations with respect to this Contract. REINSTATEMENT YANCE BY SELLER The Seller reserves the right to convey, Seller's interest in the Property. Such conveyance shall not be a cause for rescission of this Contract and shall be subject to the terms of thy necessary payments or take any necessary actions to cure the default and Buyer will be reimbursed be receiving credit to this Contract to apply to any payments that are due or will become due. CONVEbecome due. Seller further agrees to produce evidence of any such payments to Buyer upon Buyer's demand. If Seller defaults on any such mortgage or land contract, Buyer shall have the right to make annterest in the Property is at any time encumbered by a mortgage, Seller agrees to perform all obligations under the mortgage and to make all payments of principal and interest on the mortgage as they e total amount due on all outstanding mortgages is not, at any time, greater than the unpaid balance under this Contract. Initials Seller _________________ -6- Buyer _________________ If Seller's iler may place a mortgage on the Property, which shall become a lien on the Property, superior to the rights of the Buyer, or may continue and renew any existing mortgage on the Property, as long as th Buyer's obligations and responsibilities under this Contract under the laws of the State of _____________________________________________. MORTGAGE BY SELLER During the lifetime of this Contract, Selny time by giving Buyer reasonable notice. RECORDING While this Contract may be recorded, the Seller may record a Notice of Termination of said Contract if the Buyer defaults in the performance of thes Contract, Buyer agrees to return the property to Seller in substantially the same condition, as it now exists, ordinary wear and tear excepted. Seller reserves the right to inspect the property at ae Buyer and shall be secured by this Contract. RETURN OF PROPERTY In the event this Contract is terminated and Buyer is required to return the Property to Seller as may be required by the terms of thiroperty, the Seller may, at the Seller's option, make such repairs or cause the same to be made, and advance money in that behalf, which sums advanced or costs of repairs shall be the obligation of thit to be done anything to the Property that will in any way impair or weaken the security of the Seller's title. In case of the refusal, neglect or inability of the Buyer to repair and maintain said Py this agreement. MAINTENANCE OF PROPERTY The Buyer will not permit, commit or suffer waste and will maintain the Property at all times in a state of good repair and condition, and will not do or perm___________________________ All costs and expenses of collection, by foreclosure, or otherwise, including reasonable attorney's fees, shall be paid by the Buyer, and all such sums are hereby secured bpayable immediately, and Seller may take any appropriate action against Buyer for collection of the entire principal balance and any unpaid interest according to the laws of the State of _____________fault continues for an additional fifteen (15) days after service of the "Notice of Failure to Cure" that without further notice, the entire principal balance and any unpaid interest shall be due and by the acts or negligence of Buyer. (b) Give the Buyer a written notice specifying the failure to cure the default or performance ("Notice of Failure to Cure") and informing the Buyer that if the dels to vacate the Property, Seller shall have the right to obtain possession by appropriate court action. Seller shall also be entitled to recover such other damages as they may be due which are causedes as shall place the Seller in exclusive possession of the premises. Buyer expressly agrees that in the event of default which is not cured by Buyer and termination of this Contract, and if Buyer faieller shall have the right to reenter and to take immediate possession of the Property without being liable in any action in trespass, or otherwise, and to seek such self-help remedies or other remedi amount (paid to Seller) Initials Seller _________________ -5- Buyer _________________ shall be retained by the Seller in full satisfaction and liquidation of all damages sustained by the Seller. Sd and terminated and Seller may regain possession of the Property as provided herein. Buyer shall forfeit all payments made by him to date on this agreement (including taxes and assessments ) and said and informing the Buyer that if the default continues for an additional fifteen (15) days after service of the "Notice of Failure to Cure" that without further notice, this Contract shall be cancelleriod, then Seller shall have, at Seller's option, any of the following remedies: (a) Give Buyer a written notice specifying the failure to cure the default or performance ("Notice of Failure to Cure")ice shall state that Buyer is allowed fourteen (14) days from the date of the Notice to cure the default or performance. If the default or failure of performance is not cured within the 14 day time peder this Contract or fails to perform any covenant, term or condition required by this Contract on or before the due date, Seller shall give Buyer a notice of default or performance ("Notice). The Notuyer shall have the option to collect damages at law or to demand specific performance, costs and reasonable attorney's fees from the Seller. DEFAULT BY BUYER If Buyer fails to make any payment due unessential part of this contract. DEFAULT BY SELLER In case of the failure of the Seller to comply with the terms of this Contract or to perform any of the covenants hereby made and entered into, the Ber and all other terms and covenants are complied with. TIME OF THE ESSENCE Time is of the essence with respect to the terms and provisions of this Contract. The time of each payment shall also be an ecution of this Contract Buyer shall take possessions of the Property and shall enjoy peaceful possession of the Property for as long as all payments due under this agreement are made in a timely mannSuch prepayment shall not include unearned interest. Upon full prepayment, the Seller shall have twenty (20) days in which to deliver a warranty deed or equivalent deed. POSSESSION OF PROPERTY Upon exys to such agency, authority, or corporation in order to avoid condemnation proceedings. PREPAYMENT The Buyer may prepay the entire balance outstanding at any time without penalty and without notice. this Paragraph shall apply also to any settlement or agreement reached between the Buyer and any corporation, authority or agency having the power of eminent domain whereby the Buyer voluntarily convein this paragraph, but the Seller shall be authorized to sue for a money judgment for any deficiency between the amount of the award and the outstanding obligations of the Buyer. d. The provisions of mount of the award is insufficient to satisfy the outstanding obligations of the Buyer to the Seller, excluding unearned interest, the contract shall nevertheless be terminated as previously provided d and the Seller will convey to the Buyer any of the Initials Seller _________________ -4- Buyer _________________ property herein included which was not taken by eminent domain. In the event the aary to pay out the contract, such sum including accrued interest to date, but excluding unearned interest, and the balance of the award shall be paid to the Buyer. The contract will thus be consummateon. c. If the amount taken is more than seventy-five (75%) percent of the total value of the property at the time of the taking, then the award shall be paid to the Seller to the extent that is necessining the value of the uncondemned portion of the property, the value shall be the fair market value after the completion of such repairs or alterations as may have been necessitated by the condemnati or restoration of the uncondemned portion of the property shall be applied for such purpose before the remaining portion of the award is turned over to the Seller for reduction of the debt. In determhe award shall be paid to the Buyer, and the contract as thus accelerated as to the final payment shall continue unaffected by the taking. However, such sums as are necessary for the useful alterationstanding indebtedness of the Buyer under the contract to a point where the value of the property not taken is equal to twice the remaining outstanding indebtedness under the contract, the balance of tbut, (2) if the value of the property remaining is less than twice the amount of the Buyer's indebtedness under the contract, then so much of the award shall be paid to the Seller as to reduce the outperty remaining is equal to twice the amount of the Buyer's indebtedness under the contract, then the entire award shall be paid to the Buyer and the contract shall continue unaffected by the taking, the amount taken is more than fifty (50%) percent of the total value of the property but less than seventy-five (75%) percent of the total value at the time of the taking, (1) if the value of the pro less than fifty (50%) percent of the total value of the property at the time of the taking, the entire award shall be paid to the Buyer and the contract shall continue unaffected by the taking. b. If EMINENT DOMAIN In the event that any or all of the property is taken by eminent domain during the existence of this Contract, the rights and obligations shall be as follows: a. If the amount taken is costs of repair or reconstruction shall be delivered to the Buyer, and any deficiency remaining after application of such proceeds to the costs of repair or reconstruction shall be paid by the Buyer.f the Buyer's building plans, turn over the insurance proceeds to an insurance trustee for the purpose of paying for the repairs or reconstruction. Any surplus of insurance proceeds over and above thed if the value of the land after the repair or reconstruction will equal or exceed the value of the land immediately prior to the casualty. If requested by the Buyer, the Seller will, after approval o of such repair or reconstruction, the Buyer shall Initials Seller _________________ -3- Buyer _________________ submit the building plans to the Seller for approval, which approval shall be grante contract until the Buyer's obligations are satisfied and the contract consummated. (2) If the Buyer elects to repair or reconstruct, the insurance proceeds shall be applied by the Seller to the coststo an election not to repair or reconstruct after casualty, the proceeds shall be credited to the account of the Buyer and the Buyer will continue to make regular payments pursuant to the terms of therance proceeds, the Seller shall deliver a deed to the Buyer and consummate the transaction. In the event the contract is not paid out as a result of the application of the insurance process pursuant such sum, any surplus of the insurance proceeds over and above the Buyer's obligations shall be paid to the Buyer. In the event that the contract is paid out as a result of the application of the insuh accrued interest to date, but excluding unearned interest, shall at the option of the Seller become due and payable forthwith, and the insurance proceeds shall be applied towards the application of l have the option as to whether to repair or reconstruct following such casualty loss. (1) If the Buyer elects not to repair or reconstruct, then the unpaid balance of the purchase price, together wit after application of the insurance money to such costs. b. If the damage to the Property and/ or building(s) is in excess of fifty (50%) percent of the total value of the improvements, the Buyer shal the costs of such repair or reconstruction, the Buyer being entitled to any surplus insurance funds over and above the costs of repair or reconstruction, and the Buyer being liable for any deficiencythe improvements, the Buyer shall be obligated to repair or reconstruct, as the case may be, and the Seller shall either turn over the insurance proceeds to the Buyer or apply the proceeds directly tos by fire or other casualty, the rights and obligations of the parties shall be as follows: a. If the damage to the Property and/ or building(s) is less than fifty (50%) percent of the total value of indstorm, insurance, with an insurance company satisfactory to the Seller for a sum not less than its full insurable value. All insurance proceeds shall be payable to the Seller. In the event of a losK OF LOSS AND INSURANCE Risk of loss by negligence, fire or other casualty is on the Buyer. The Buyer agrees to keep the Property insured, by at least content, liability, fire, casualty, hazard, and wd thereafter. TAXES AND ASSESSMENTS The Buyer agrees to pay all taxes, assessments, or impositions that may be legally levied or imposed upon said land apportioned as of the date of this Contract. RISt of reentry or other reverter right which amounts to a qualification of the fee, and subject also to applicable zoning ordinances and real estate taxes for the year in which the deed is delivered, anances except those mortgages or liens, if any, mentioned herein, easements, restrictions, limitations, reservations, covenants and conditions of record not coupled with a possibility of reverter, righens or encumbrances other than taxes and assessments for the current year. Initials Seller _________________ -2- Buyer _________________ TITLE Title shall be conveyed free and clear of all encumbrpurchase price and other amounts, including any late charge, by Buyer, Seller will, at Seller's expense, deliver a Statutory or General Warranty Deed to the Property to Buyer, free and clear of any lid as to the condition of the Property, buildings, improvements or fixtures located thereon, and/or the location of the boundaries of the Property. DEED AND EVIDENCE OF TITLE Upon payment of the total N OF PROPERTY Buyer accepts the Property "as-is" without any type of warranty thereon. Buyer further understands that Seller has not made and does not make any representations or warranties of any kinmprovements now on the Property, or hereafter made or placed thereon, shall also be part of the security for the performance of this contract and shall not be removed from the Property. AS-IS CONDITIOrformance of Buyer and as security of the payment of the obligation of Buyer under this Contract. All improvements on the Property, including, but not limited to, buildings, fixtures, trees or other i that may be charged, shall be computed monthly and deducted from the payment and the balance of the payment shall be applied to the principal SECURITY This Contract shall stand as security for the pe_________________, 20 ___, and continuing on the ______ day of each and every month thereafter, until the ___ day of _____, 20___, when all remaining principal and interest shall be paid. Any interesth interest on the whole sum at the rate of _________ ( ____%) percent per annum, payable in monthly installments of _____________________ Dollars ($_____________) beginning on the ________ day of ____ch and every month thereafter until the ____ day of ______, 20__ when the final payment shall be due. [ _________ / __________ ] The principal sum of _____________________ Dollars ($_____________) wit$_____________) payable in monthly installments of _____________________ Dollars ($_____________) beginning on the ________ day of _____________________, 20 ___, and continuing on the ______ day of ea _____________________, 20 ___, and continuing on the ______ day of each and every month thereafter, until paid in full. [ _________ / __________ ] The principal sum of _____________________ Dollars () with interest on the whole sum at the rate of _________ ( ____%) percent per annum, payable in monthly installments of _____________________ Dollars ($_____________) beginning on the ________ day of_______) paid to the Seller upon execution of this agreement, the receipt of which is hereby acknowledged. [ _________ / __________ ] The principal sum of _____________________ Dollars ($_____________llows (select and initial one or more that apply): Initials Seller _________________ -1- Buyer _________________ [ _________ / __________ ] _________________________________________ Dollars ($__________ (Excluded Items) PRICE AND PAYMENT Buyer herein covenants and agrees to pay to the Seller the sum of _____________________ Dollars ($_____________) as the purchase price for the Property, as fo_________________________________________________________________ ____________________________________________________________________________ _________________________________________________________s are specifically excluded from this contract and shall not be transferred to Buyer as a part of the Property: ____________________________________________________________________________ __________________________________ ____________________________________________________________________________ ______________________________________________________________ (Included Items). The following itemmidifiers; attached outside cooking units; attached fireplace screens and/or glass doors; attic and ceiling fans; builtin kitchen appliances; and: _____________________________________________________um; wall-to-wall carpet; window and porch shades; blinds; storm windows and doors; screens; curtain and drapery rods; awnings; automated garage door openers and remote control units; keys; attached hual heating, ventilation and air conditioning equipment and fixtures; sump pumps; attached TV antennas and cables; lighting and light fixtures; plumbing equipment and fixtures; attached mirrors; linole (unless specifically excluded below), all of which (if any) are owned by Seller free and clear of all liens and encumbrances, including: gas heaters; propane tanks (including propane if owned); centrnd interest of Seller in and to adjacent streets, roads, alleys and rights-of-way. The sale of the Property shall also include the following fixtures and personal property associated with the Propertydescribed on Exhibit "A", attached hereto and made a part hereof. The sale of the Property (and the term "Property") shall include all buildings and improvements on the property and all right, title aes by a good and sufficient warranty deed or equivalent deed, that Property ("Property") situated in the County of _____________________, State of ________________________________________, more fully nd performed, the Seller hereby covenants and agrees to convey to the Buyer, his heirs, executors, administrators, personal representatives, or assigns, in fee simple absolute, clear of all encumbranceinafter referred to as "Buyer"), collectively referred to Parties. WITNESSETH, that if the Buyer shall first make the payments and perform the covenants hereinafter mentioned on his part to be made a entered into this_____ day of ___________, 20 ___, by and between ______________________________________, (hereinafter referred to as "Seller"), and ____________________________________________, (herot be used without consulting with an attorney first. You should also consult an attorney whenever a document is negotiated with another party. 2 CONTRACT FOR DEED THIS CONTRACT FOR DEED is made andontract are fully explained and understood. An attorney should also be consulted whenever a document is negotiated with another party. These forms should only be a starting point for you and should n consulting an attorney first to make sure it fits your particular situation. You should also consult with an attorney and a tax professional to make sure that all legal and tax consequences of this Cintended as and are not a substitute for legal advice. Laws vary from time to time and from state to state. These forms should only be a starting point for you and should not be used or signed without the terms of the Contract are fully understood. An attorney and a tax professional should be consulted to make sure all legal and tax consequences are clear. This information and these forms are not e at: http://www.epa.gov. Please note that the state where the property is located may 1 also have its own laws and regulations regarding lead paint. The Buyer and the Seller must make sure that allamphlet on lead poisoning prevention. More information about lead poisoning and protecting your family can be found at http://www.epa.gov/lead/. Additional information can also be found on the EPA sitnt women. Before selling pre-1978 housing, Sellers must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Buyers must also receive a federally approved pbuilt before 1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnastate broker or attorney, or call your state's attorney general's office. Most states with mandatory disclosure laws have created state approved forms that can be used to make the disclosure. Housing ot required by law, a Buyer may still request the disclosures and try to make them part of the contract.. To find out if your state has any mandatory disclosure laws, you can check with a local real e to determine what additional disclosures, if any, are required in your state. In some of these states, a seller may still be required to make the disclosure, even if the property is sold "as is" If n states requires a seller to make additional written disclosures, including disclosures about the condition of the house and any known problems. Check with a real estate agent or attorney in your areais Contract for Deed contains an AS-IS clause regarding the property. You can also choose between different payment methods i.e. with interest, with no interest, balloon payment etc... The law in sometion are usually lower than transactions involving mortgages, banks or other institutional type lenders. A Contract for Deed also allows Seller to gain interest income from the outstanding balance. Th in situations where the Buyer can't easily obtain financing from other sources or other financing may not be even available to Buyer. Generally, the closing costs associated with this type of transacrice and is entitled to possession and equitable title to the property. The Seller holds legal title and continues to be liable for payment of any underlying mortgage. This type of Agreement is usefuly. When the Buyer completes the required payments, the Seller must deliver valid legal title by way of a deed. During the period of the contract, the Buyer makes installment payments on the purchase pransfer the title to the Buyer once all the payments under the Agreement are made and all other obligations are met. In essence, the Seller finances the purchase and holds the title or deed as securitmetimes also know as a Land Contract, Agreement for Deed, Contract Sale or Real Estate Installment Agreement. This type of Document allows the Seller to retain the title to the property and agree to t negotiated with another party. The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com. Information Contract for Deed A Contract for Deed is soith an attorney and a tax professional to make sure that all legal and tax consequences of this Contract are fully explained and understood. An attorney should also be consulted whenever a document isshould only be a starting point for you and should not be used or signed without consulting an attorney first to make sure it fits your particular situation. The Buyer and Seller should also consult west the disclosures and try to make them part of the contract. These forms are not intended and are not a substitute for legal advice. Laws vary from time to time and from state to state. These forms luded.. Check with a real estate agent or attorney in your area to determine what additional disclosures, if any, are required in your state or locality. If not required by law, a Buyer may still requondition of the house, the neighborhood, environmental disclosures and any other known problems. Some cities and other municipalities may also have specific disclosure requirements that need to be incs contain the basic terms and language that should be included in similar agreements. The law in some states requires a seller to make additional written disclosures, including disclosures about the cminimum of three years as proof of compliance with the rules. A copy of the "Disclosure Of Information On Lead-Based Paint and/or Lead-Based Paint Hazards" form is included in this package. These formLead-Based Paint and/or Lead-Based Paint Hazards". Federal law requires the Seller to keep the signed copy of the "Disclosure Of Information On Lead-Based Paint and/or Lead-Based Paint Hazards" for a atures of all parties. If the property is built before 1978 property (i.e. pre-1978 property), federal law requires that the Seller and Buyer (and their Agents) sign the "Disclosure Of Information On sure Of Information On Lead-Based Paint and/or Lead-Based Paint Hazards. Each party should sign two copies of the final draft of the Contract. Each party should receive one copy with the original signInstructions and Checklist Contract for Deed This package contains: (1) Instructions and Checklist for Contract for Deed; (2) Information about Contract for Deed; (3) Contract for Deed; and (4) Disclo PennsylvaniaPennsylvania : _____________________________ _____________________________ Quitclaim Deed - 2 ____________________ Name typed, printed, or stamped My commission expires: _________________________ Grantee's Address: _____________________________ _____________________________ Grantors Address____________________________ as identification. In witness thereof, I set my hand and seal ___________________________________ Signature of person taking acknowledgment (Notary Public) _______________e foregoing instrument was acknowledged before me this _____ day of ____________________, ______ by __________________________ (name of Grantor), who is personally known to me or who has produced ________________ Quitclaim Deed - 1 ___________________________________ (Witness Signature) Print Name: ___________________________ State of PENNSYLVANIA ) ) ss County of ________________________ ) Th___________________________ ____________________________________________ Grantor's Typed Name Signed in our presence: ________________________________ (Witness Signature) Print Name: _______________s and/or assigns shall have, claim or demand any right or title to the aforesaid property, premises or appurtenances or any part thereof. EXECUTED this day of ________, 20 _______ . _________________scribed property unto the said Grantee, Grantee's heirs, administrators, executors, successors and/or assigns forever; so that neither Grantor nor Grantor's heirs, administrators, executors, successor_____, County of ___________________________________, State of Pennsylvania with the following legal description: TO HAVE AND TO HOLD all of Grantor's right, title and interest in and to the above de, AND FOREVER QUITCLAIMS to ______________________________________________________ ("Grantee"), all right, title, interest and claim to the following real property in the City of _____________________and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned, _________________________________________ ("Grantor"), hereby REMISES, RELEASESnd tax statements to: Above reserved for official use only QUITCLAIM DEED KNOW ALL MEN BY THESE PRESENTS THAT: FOR A VALUABLE CONSIDERATION, in the amount of TEN AND NO/100 DOLLARS ($10.00) in hand ith another party. The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com Recording requested by: and when recorded, please return this deed aor legal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document w a Quitclaim Deed, make sure that it satisfies your needs. Consult a real estate attorney and title insurance company to protect your interests. These forms are not intended and are not a substitute fhe only form of conveyance when buying a property. Quitclaim deeds are mainly used in family situations or to correct possible technical defects in the title to the property. If you are a buyer takingerest exists at all. This type of deed may be useful in cases where a party is unable to transfer a fee simple estate or make promises about the title. A buyer will rarely accept a Quitclaim Deed as tonvey an interest in real estate. A Quitclaim Deed does not include any promise or guarantee by the person making it (i.e. the Grantor) about the nature or quality of that interest, or even if any int another party. [_] The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com Information for Quitclaim Deed This Quitclaim Deed form is used to clegal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document withtype of document, additional requirements may apply. Nonconforming documents may be returned unrecorded or may be charged additional fees [_] These forms are not intended and are not a substitute for description is correct. [_] A Quitclaim Deed may require other documents to be filed with it. Please check your local requirements with your local Recorder's (or similar) office. [_] Depending on the rties. Although witnesses are not required in all states, it is generally a good idea to use them. [_] Documents referencing land should include a legal description of the land. Verify that the legal e a Notary and two witnesses. Among other things, Notarization will allow the Quitclaim Deed to be recorded as a public record. Without filing, the Quitclaim Deed may not be effective against third paInstructions & Checklist for Quitclaim Deed [_] This package contains (1) Instructions and Checklist for Quitclaim Deed (2) Quitclaim Deed [_] The Grantor should date and sign the Quitclaim Deed befor PennsylvaniaPennsylvania indlegalforms.com/public/REAL/DISCL/REAL-DISCL-WI.pdf No state specific statutory requirement Real Estate Disclosure Statement 7 ory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-VA.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-WA.pdf No state specific statutory requirement http://www.fpdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-TN.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-TX.pdf No state specific statutory requirement No state specific statutic/REAL/DISCL/REAL-DISCL-PA.pdf No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-SC.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-SD.blic/REAL/DISCL/REAL-DISCL-OH.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-OK.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-OR.pdf http://www.findlegalforms.com/publ://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-NY.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-NC.pdf No state specific statutory requirement http://www.findlegalforms.com/puCL-NE.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-NV.pdf No state specific statutory requirement No state specific statutory requirement No state specific statutory requirement httptp://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-MS.pdf No state specific statutory requirement No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISICO NEW YORK NORTH CAROLINA NORTH DAKOTA OHIO OKLAHOMA OREGON PENNSYLVANIA RHODE ISLAND SOUTH CAROLINA SOUTH DAKOTA TENNESSEE TEXAS UTAH VERMONT VIRGINIA WASHINGTON WEST VIRGINIA WISCONSIN WYOMING htforms.com/public/REAL/DISCL/REAL-DISCL-MI.pdf No state specific statutory requirement 6 Real Estate Disclosure Statement MISSISSIPPI MISSOURI MONTANA NEBRASKA NEVADA NEW HAMPSHIRE NEW JERSEY NEW MEXcom/public/REAL/DISCL/REAL-DISCL-ME.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-MD.pdf MASSACHUSETTS No state specific statutory requirement MICHIGAN MINNESOTA http://www.findlegalf No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-KY.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-LA.pdf http://www.findlegalforms.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-IL.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-IN.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-IA.pdutory requirement No state specific statutory requirement No state specific statutory requirement No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-ID.forms.com/public/REAL/DISCL/REAL-DISCL-CO.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-CT.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-DE.pdf No state specific statZ.pdf No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-CA1.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-CA2.pdf http://www.findlegalENTUCKY LOUISIANA MAINE MARYLAND No state specific statutory requirement http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-AK.pdf http://www.findlegalforms.com/public/REAL/DISCL/REAL-DISCL-A Estate Disclosure Statement provided above.) ALABAMA ALASKA ARIZONA ARKANSAS CALIFORNIA COLORADO CONNECTICUT DELAWARE DISTRICT OF COLUMBIA FLORIDA GEORGIA HAWAII IDAHO ILLINOIS INDIANA IOWA KANSAS Kied Forms. (Click on the appropriate state link below to access the state's property seller disclosure statement. If your state has no state specific statutory requirements, you can use the Basic Realnswers on the Real Estate Disclosure Statement) Real Estate Disclosure Statement 5 FindLegalForms.com Real Estate Disclosure Statement for States with Specific Statutory Requirements or State Suppler _____________________________________ Printed Name of buyer Real Estate Disclosure Statement 4 APPENDIX A Explanation of Real Estate Disclosure Statement (Explanation or information for "Yes" a receipt by Buyer _________________________________________ Signature of buyer _____________________________________ Signature of buyer _________________________________________ Printed Name of buy the date you receive this disclosure form to cancel your agreement by delivering to the seller a separate signed statement canceling your agreement. _________________________________________ Date of of this disclosure statement and any attachments bearing seller's signature. Unless you have waived the right of cancellation in your real estate sales agreement, you have five (5) business days fromnt attention and observation. 2. I understand that the disclosures set forth in this statement and any amendments and attachments are made only by the seller. 3. I hereby acknowledge receipt of a copy_______________________________ Printed Name of seller 1. As buyer, I acknowledge my duty to pay diligent attention to any material defects which are known to me or can be known to me by using dilige________________________ Signature of seller _____________________________________ Signature of seller _________________________________________ Printed Name of seller Buyer's Acknowledgment ______this disclosure statement to other real estate licensees or agents and to all prospective buyers of the property. _________________________________________ Date of Seller's signing _________________oregoing answers and attached explanations (if any) are complete and correct to the best of my knowledge on the date signed. I authorize all of my real estate licensees or agents to deliver a copy of dry rot or structural inspection been performed recently? a. If yes, when: 19. Are you aware of any other conditions or defects which affect this property? Real Estate Disclosure Statement 3 The fisposal? q. Appliances? r. Sump pump? s. Heating and cooling system? t. Security system? u. Other (explain)? 17. Has a termite and/or pest inspection been performed recently a. If yes, when: 18. Has aectors? g. Windows or doors? h. Pools, hot tubs, or saunas? i . Sidewalks? j. Garage? k. Floors or walkways? l. Wood stoves? m. Electrical system? n. Plumbing systems? o. Hot water tanks? p. Garbage df any defects in any of the following: If yes to any, please explain: a. Foundations? b. Decks or patios? c. Exterior walls? d. Chimneys and fireplaces? e. Interior walls? f. Fire alarms and smoke detty? a. If yes, were all building permits and inspections obtained? 15. What is the age of the house? a. Has there been any settling or sliding of the house or any other structures? 16. Are you aware oranty transferable? c. Does the roof leak? Real Estate Disclosure Statement 2 Yes No d. Has the roof ever been repaired? 14. Have there been any additions, conversions, or remodeling of the properrty? f. If a septic tank system, was it approved and is the permit available? 13. What is the approximate age of the roof? a. Is there a roof warranty? If yes, explain or attach: b. If yes, is the waro this system? c. If a septic tank system, when was it last pumped? d. If a septic tank system, when was it last inspected? e. If a septic tank system, is the drainfield located entirely on this propee any defects in the system? 12. The sewage disposal system for this property is: a. Are there any known problems with this system? b. Do all plumbing fixtures, including floor or laundry drains, go t? e. Has water been tested recently? f . Is water treated before use? 10. Are there any irrigation water rights for the property? 11. Is there an outdoor sprinkler system for the property? a. Are therhared? b. Are there any written agreements regarding well usage? If yes, explain or attach: c. Are there any known problems or repairs needed? d. Does the well provide adequate year-round water supplyn a designated flood plain or flood way? 8. The source of household water is: a. Are there any water pressure problems? 9. If the property is serviced by a water well: a. Is the well solely owned or sre there any pending special assessments? d. Are there any association or other joint maintenance agreements? If yes, explain or attach: 6. Has the property ever been flooded? 7. Is the property within the property? r. Any greenbelt or utility easements affecting the property? 5. Is there a Home Owners' Association? a. If yes, the name of it is: b. Are there any regular assessments? Amount: ? c. Ader the property? o. Any damage to property from fire, wind, floods, earthquakes, or landslides? p. Any environmental hazards on or near the property? q. Any underground or aboveground storage tanks o or hazardous materials on or near the property? Real Estate Disclosure Statement 1 Yes No m. Any soil settling, standing water, or drainage problems on the property? n. Any fill material in or unuses? i. Any planned or anticipated changes in adjacent properties? j. Any landslides or erosion on this or adjacent property? k. Any landfills or dumps within one mile of the property? l. Any hazards restrictions that affect the property? f. Any pending or anticipated legal disputes concerning the property? g. Any liens against the property? h. Any major changes planned in neighborhood zoning or written agreements for easements or rights of way? c. Pending or existing assessments against the property? d. Zoning or building code violations, or non-conforming uses? e. Covenants, conditions, ora boundary survey available for this property? a. If yes, explain 4. Are you aware of any of the following: If yes to any, please explain on an attachment a. Encroachments or boundary disputes? b. Anyf this disclosure statement. Yes No 1. Do you have legal authority to sell this property? 2. Is the title to this property subject to any leases or rental agreements? a. If yes, explain: 3. Is there ed. If additional information is required, I have attached an explanation or information to this statement and or information to this statement and intend that such attachments be considered as part oof any kind by the seller. This disclosure concerns the following property: This disclosure is intended to satisfy the real estate disclosure requirements of the state in which this property is locatservices. The buyer and seller may wish to provide appropriate provisions in the sales agreement regarding any defects, repairs, or warranties. This disclosure shall not be construed to be a warranty he services of a qualified specialist to inspect the property on your behalf. Examples of specialists are: architects, engineers, surveyors, plumbers, electricians, roofers, or real estate inspection e sales agreement, you have five (5) business days from the date you receive this statement canceling your agreement. For a more comprehensive examination of this property, you are advised to obtain t estate agent or other party. These disclosures are not intended to be a part of any written agreement between the buyer and seller. Unless you have waived the right of cancellation in your real estatg the condition of the property and are provided on the basis of the seller's actual knowledge of the property on the date of this disclosure. These disclosures are not the representations of any realof buyer's receipt of disclosure statement Signature of buyer Printed name of buyer 2 Real Estate Disclosure Statement Notice to the Buyer: The following disclosures are made by the seller concerninuctural inspection? Provide details. Are you aware of any other conditions or defects to the property? Date of seller's signing of disclosure statement Signature of seller Printed name of seller Date of the home? Provide details. Are you aware of any defects in the structure or of any other improvements? Has there been a termite or pest inspection? Provide details. Has there been a dry rot or strProvide details. What is the sewage disposal system for property? Provide details. What is the age of roof? Provide details. Any additions, conversions, or remodeling? Provide details. What is the agebeen flooded? Is it in a flood plain? What is the source of household water? Any problems? If serviced by well, provide details. Are there any irrigation rights? Is there an outdoor sprinkler system? thquakes, or landslides? Any environmental hazards present? Any storage tanks present? Any greenbelt or utility easement present? Is there a homeowner's association? Provide details. Has the property landslides or erosion present? Any landfill or dumps present? Any hazards or hazardous waste present? Any soil or drainage problems? Any fill material present? Any damage from fire, wind, floods, earg or code violations or non-conforming uses? Any covenants, conditions, or restrictions? Any legal disputes? Any liens? Any planned zoning or use changes? Any planned changes in adjacent property? Anyntal agreements? Is there a survey for this property available? Are there any encroachments or boundary disputes? Any written easement or rights of way? Any assessments against the property? Any zonin4. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. Provide a legal description of the property Do you have the legal right to sell this property? Are there any leases or reement, sellers may use the following form. To complete the following form, you will need the following information: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 2ials. An attorney should be consulted for all serious legal matters. Real Estate Disclosure Forms Basic Real Estate Disclosure Statement: For those states that do not have an official disclosure statusiness interruption) however caused and on any theory of liability, whether in contract, strict liability, or tort (including negligence or otherwise) arising in any way out of the use of these materable for any direct, indirect, incidental, special, exemplary, or consequential damages (including, but not limited to, procurement of substitute goods or services; loss of use, data, or profits; or b. The materials are used at your own risk. In no event will: i) FindLegalForms, Inc, its agents, partners, or affiliates, or ii) the providers, authors or publishers of the forms, be responsible or liegalforms.com. These materials are provided "AS-IS." We do not give any express or implied warranties of merchantability, suitability or completeness for any of the materials for your particular needsonship is created by use of these materials. FindLegalForms, Inc. does not provide legal advice. The purchase and use of these materials is subject to the "Disclaimers and Terms of Use" found at findlry requirements or a state supplied form. These forms are provided at no additional charge and may require that you have an Adobe Acrobat Reader on your computer. Disclaimer No Attorney-Client relatiate disclosure form for use in states that do not have specific statutory requirements or have not provided official forms; and iii) links to official forms for those states that have specific statutoefects in the home itself, and any prior inspections which may have been performed. This kit includes: i) a questionnaire that will help you prepare for your disclosure statement; ii) a basic real esttatement regarding most provisions required by most states. The provided sample statement covers questions relating to ownership of the property, water/sewer issues, possible site problems, possible day also be local or municipal disclosure requirements. You are cautioned to consult a local real estate professional, lawyer, or your state's following basic disclosure statement provides a detailed sctest laws, the seller is required to disclose all facts that materially affect the value or desirability of the property which are known or are accessible only to him or her. Please note that there mr time-share properties may require additional disclosures. About 33 states have varying requirements for disclosure regarding residential real estate and 31 states have specific forms. Under the striisclosure Document and Condition Report). In general, sales of commercial, industrial, or multi-family residences do not require disclosure statements. In addition, condominiums, vacation properties oequiring some form of disclosure regarding sales of residential real estate, most often in the form of a Real Estate Disclosure Statement (also referred to as a Property Condition Disclosure Report, Dreparing, drafting, and finalizing a Real Estate Disclosure Form. Instructions: In addition to the federal requirement to disclose information regarding lead in a home, many states have adopted laws rInformation Real Estate Disclosure Statement Kit - Residential Provided under agreement with copyright holder, © Nova Publishing Company 2006 This kit provides tools and guidelines to assist you in p Pennsylvania