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Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
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MEMORANDUM
OF CONTRACT FOR SALE AND PURCHASE OF PROPERTY
This is a
Memorandum of that unrecorded Contract for Sale and Purchase of Property
("Contract"),
dated _______________, between ____________________________________,
(hereinafter
referred to as "Seller"), and ________________________________,
(hereinafter
referred to as
"Buyer") concerning the real property ("Property") described
in Exhibit "A" attached
hereto and made
a part hereof by reference.
For good and
valuable consideration, Seller has agreed to sell and Buyer has agreed to
buy, the
Property upon the terms and conditions set forth in the Contract, which terms
and
conditions are
incorporated in this Memorandum by this reference. Except as provided in the
Contract from
the date hereof, Seller shall not have the right, with respect to the Property
to enter
into any new
contracts, leases or agreements, oral or written, without the prior written
consent of
Buyer.
This Memorandum
is not a complete summary of the Contract. Provisions of this
Memorandum shall
not be used in interpreting the Contract. In the event of conflict between this
Memorandum and
the Contract, the Contract shall control.
IN WITNESS
WHEREOF, the parties have executed this Memorandum on
________________,
19____.
Witnesses:
SELLER:
____________________________
_____________________________
____________________________
____________________________
_____________________________
____________________________
PURCHASER:
____________________________
_____________________________
____________________________
____________________________
____________________________
____________________________
STATE OF
__________________)
)
COUNTY OF
_________________)
The foregoing
instrument was acknowledged before me this ____ day
of
_______________, 19____, by __________________ as Seller.
____________________________
Notary Public
My Commission
Expires: ______________________
STATE OF
__________________)
)
COUNTY OF
_________________)
The foregoing
instrument was acknowledged before me this ____ day
of
______________, 19____, by ___________________ as
Purchaser.
____________________________
Notary Public
My Commission
Expires: _________________
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