Common use of Land Contract Clause in Contracts

Land Contract. The parties agree to enter into a Land Installment Contract providing for a $ down payment and the balance bearing interest at the rate of % per annum, and with payment of $ per PROOF month, with the entire balance due . The title evidence shall be delivered by Seller(s) at or prior to execution of the Land Installment Contract, and that any further title examination or evidence shall be at the expense of Buyer(s). The cost of preparing and recording the Land Installment Contract shall be paid by ❏ Seller(s), ❏ Buyer(s) or ❏ Split Equally. ❏ ❏ ❏ ❏ ❏ ❏ ❏ or, ❏ ❏ ow