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Contract For Deed Template (Mississippi). This is an essential
legal document used in real estate agreements within the state of Mississippi.
Our expertly crafted template simplifies the process of creating a contract for deed, ensuring every important detail is included. Feel free to edit this
agreement to suit your unique needs and preferences.
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Mississippi real estate journey today!
CONTRACT FOR DEED
THIS AGREEMENT, made on this
_____ day of ____, 20____, by and between
_______________, (hereinafter “Seller”), and
_______________, (hereinafter “Buyer”).
PROPERTY DESCRIPTION
Seller sells and conveys to Buyer the property located at
_______________, County of
_______________, State of Mississippi, legally described as:
_______________
PURCHASE PRICE
The purchase price is
_______________ Dollars ($_______), payable as follows: Initial payment of
_______________ Dollars ($_______) on execution of this agreement and the balance in monthly installments of
_______________ Dollars ($_______), including interest at the rate of
_____ % per annum.
POSSESSION AND DEED
Upon execution of this agreement, possession of the property will be given to Buyer. The Seller will deliver a deed when full payment has been made under this agreement.
INSURANCE
Buyer will keep the buildings now or later erected on the property insured against loss by fire and other hazards.
DEFAULT
If Buyer fails to make the payments or fails to comply with any term of this agreement, then Seller may, at Seller’s option, declare the entire balance immediately due and payable.
GOVERNING LAW
This contract shall be governed by and interpreted in accordance with the laws of the State of Mississippi. If any provision of this contract is held by a court of competent jurisdiction to be invalid or unenforceable, the rest of the contract shall remain in full force and effect.
SIGNATURES
This agreement is executed in duplicate, each of which is deemed original.
SELLER:
_______________
_____________________
Signature
Date:
_____ day of ____, 20____
BUYER:
_______________
_____________________
Signature
Date:
_____ day of ____, 20____
