Land Purchase Agreement
Land Purchase Agreement
THIS AGREEMENT
made this 1st DAY OF JANUARY, 2050, between MIKE HAROLD, hereinafter referred to as the "seller" residing at 3378 McDowell St., Nashville, TN 37204, and IKE JAMES, hereinafter referred to as the "buyer" residing at 2229 Bruce Street, Nashville, TN 37204.
PROPERTY
The property to be sold is described as Lot 123, Block A, Sally Estates, hereinafter referred to as the “Premises.”
PURCHASE PRICE AND TERMS OF PAYMENT
The purchase price shall be paid by the buyer to the seller as follows: the amount and the due date are to be determined by the seller and the buyer.
CLOSING
The closing of the purchase and sale of the Premises (the “Closing”) shall take place on a date mutually agreed upon by the parties, but in no event later than 1st DAY of FEBRUARY, 2050 (the “Closing Date”).
POSSESSION AND TITLE
Possession of the Premises shall be given to Buyer at Closing, free and clear of all liens and encumbrances, except as otherwise provided in this Agreement.
REPRESENTATIONS AND WARRANTIES OF SELLER
The Seller represents and warrants to the buyer that the Seller is the lawful owner of the Premises, that Premises are free from all encumbrances, and that the Seller has full power and authority to convey the same.
RISK OF LOSS
Until the Closing, the risk of loss or damage to the Premises shall be on the Seller.
GENERAL PROVISIONS
This agreement shall be governed by and rendered in accordance with the law of the Country. If any provision of the agreement is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provisions.
ENTIRE AGREEMENT
This Agreement represents the entire agreement between the parties and supersedes any prior agreements, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Agreement with effect from the date first above written.
Seller: Mike Harold
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Buyer: Ike James
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