Welcome to our
Contract For Deed Template (Nebraska) page. If you’re looking for a legally binding
real estate agreement, our template provides an important tool in your property purchase. Known in Nebraska as a land contract, this document outlines the fundamental aspects of seller financing and installment payments offering buyer protection as well. Save yourself time and download the template to edit according to your unique needs.
Whether you are a buyer or seller, utilizing a
contract for deed helps ensure that all parties are on the same page with regards to terms of sale, providing transparent and secure transactions.
This downloadable legal document is tailored specifically for real estate transactions within Nebraska and ensures full compliance with state laws and regulations.
CONTRACT FOR DEED
THIS CONTRACT FOR DEED (this “Contract”) is entered into this
______ day of ________, 20______, by and between
____________________, whose address is
_____________________ (hereinafter “Seller”), and
____________________, whose address is
______________________ (hereinafter “Buyer”).
RECITALS
Seller is the owner and in possession of certain real estate located in the State of Nebraska, County of
________________, legally described as follows:
______________________ (hereinafter “Property”). Seller desires to sell, and Buyer desires to purchase the Property on the terms and conditions set forth herein.
AGREEMENT
1.
PURCHASE PRICE
The total purchase price for the Property is
________________ dollars ($
_______).
2.
PAYMENT
Buyer shall pay to Seller the total purchase price, plus any applicable interest, in the manner specified in the attached Exhibit A.
3.
INTEREST
Interest on the unpaid balance of the purchase price (if any) shall accrue at a rate of
_______% per annum.
4.
POSSESSION
Buyer shall take possession of the Property on
________________, 20
______.
5.
INSURANCE
Buyer shall keep the Property insured against loss by fire and other hazards covered by standard extended coverage insurance.
6.
DEFAULT
If Buyer defaults in the performance of any of its obligations under this Contract, Seller may, at its option, declare the entire unpaid balance immediately due and payable.
7.
GOVERNING LAW
This Contract shall be governed by and construed in accordance with the laws of the State of Nebraska.
IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above written.
_______________________
Seller:
__________________
_______________________
Buyer:
__________________
STATE OF NEBRASKA, COUNTY OF
________________
The foregoing instrument was acknowledged before me this
______ day of ________, 20______, by
____________________ (Seller) and
____________________ (Buyer).
_______________________
Notary Public
My Commission Expires:
________________
