8/14/2019 Allyson Acres Contract for Deed

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~.~ \\ ~~~~ ~QM~\~~~~ ~~ ~~ \ ~ ~~~.~\~~~~~~~~ THIS INSTRUMENT cOMPiiEs WITH THE FEDERAL TRUTH IN lENDING LAW, EFFECTIVE JULY " 1969.

I~. ALLYSOlt~ Ae~U~ \ l~~I

CONTRACT FOR DEEDANDDISCLOSURE STATEMENT

STUDEBAKER LAND co.AN OKLAHOMA CORPORATION

NUMBER DATEWe, the undersigned buyers, wish to become property owners of the lot(s) described below (according tothe plat recorded In the Office of the County Clerk of Delaware County), upon the terms and conditions set forthbelow and on the reverse side hereof.We agree to pay the sums due In accordance with the payment plan (Cash Price or Monthly Payment) selectedbelow on the Truth In Lending Disclosure Statement. The first Installment due undr the Monthly Payment plan shall

be paid one month from the date hereof, and subsequent Installmerits shall be paid on the same day of each suc-eeding month unti the sums due hereunder are paid in full We may prepay any or all installments at any timewithout penalty.The lot(s) which we hereby agree to purchase is located in Delaware County, State of Oklahoma, and is moreparticularly described by reference to the latest amended recorded plat and as follows:

LOT BLOCK SUBDIVISIONFinance Charge Includes only simple interest on the declining bal-ance at the "Annual Percentage Rate" shown the "Total Amount ofPayments" and "Deferred Payment Price" Includes this Interest. Pre-payment may be made at any time and any unearned finance chargewill be refunded according to the "Sum of the Digits" method. In theevent buyer falls to make any required payment, then this contractmay be terminated by sllerand all prior payments may be retainedby seller in accordance with the conditions fully set forth on the re-verse side h.ereof.1. Cash Price $2. Cash Down Payment $3. Amount Financed $(1 minus 2)4. Finance Charge $5. Total Payments $

(3 plus 4)6. Deferred Payment Price $(1 plus 4)

7. ANNUAL PERCENTAGERATE %This property Is being bought for permanent residence Yes Noo 0DooJoint Tenants with Right of Survivorship 8. No. of Monthly PaymentsSOLE OWNER 9. Monthly Payment Amt. $

(Final Payment May Be Less)TENANTS IN COMMONNUMBER OF MONTHS PREPAID 10. Payment Due Dates:Month Starting Of Each19_

You have the option to void your contract or agrement by notice to the seller if you did not receive aProperty Report prepared pursuant to the Rules and Regulations of the Office of Interstate Land Sales Registra-tion, U. S. Department of Housing and Urban Development, in advance.of, or at the time of your signing the con-tract or agreement. If you recived the Property Report less than 48 hours prior to signing the contract or agree-ment, you have the right to revoke the contract or agreement by notice to the seller unti midnight of the thirdbusiness day fOllowing the consummation of the transaction. A business day is any calendar day except Sunday,or the following business holidays: New Years Day, Washington's Birthday, Memorial Day,lndependence Day, la-bor Day, Veterans Day, Columbus Day, Thanksgiving and Christmas.

Buyer's attention is directed to the terms and conditions on the reverse side hereof which are a part of thisContract for Deed.PLEASE PRINT BUYERS NAMES (SHOW RELATIONSHIP) BUYERS SIGNATURES (ALL SIGNATURES REQUIRED)

MR.MRS.MISSMR.MRS.MIS~

xX

ADDRESS PHONE (HOME) (BUS.)CITY STATE ZIPBY DATESTATE OF OKLAHOMACOUNTY OF DELAWARE

The foregoing instrument was aCknowledged before me this _ day ofSS. 19_.My Commission expires:Notary. PublicThe Seller, Studebaker Land Co., an Oklahoma corporation, hereby accepts this Contract for Deed and here"by agrees to sell the above-described.propery to the above-identified buyers on the terms and conditions set

forth herein.

STATE OF OKLAHOMACOUNTY OF TULSA

The foregoing instrument was acknowledged before me bythe Authorized Agent for STUDEBAKER LAND CO. on this_day of19_.5.

THE PRESIDENT OR VICE PRESIDENT OF STUDEBAKER LAND CO.,AN OKLAHOMA CORPORATION ON BEHALF OF THE CORPO.RATION.My Commission expires: Notary Public.

8/14/2019 Allyson Acres Contract for Deed

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ADDITIONAL TERMS ,AND CONDITIONS FOR AGREEMENTPLEASE READ CAREFULLY

Seller hereby agrees tosll,andbuyer hereby agrees' to, purchase, the property described on the' reverS :slde hereof, in ac-cordance with the terms hereof, and seller will issue a General Warranty Deed to buyer upon paymei 'In full of all sumsdue in accordance with the conditions of sale set forth below, subject to taxes for the year of this contract and thereafter,easements, restrictions, water and sewer agreements if applicable, assessments, and patent reservations of record.1. Sixty days after Buyer shall have performed all of the terms and conditions of this contract, Includingfull payment of all sums due hereunder, Seller agrees to issue a General Warranty Deed to Buyer exceptingall minerals, free and clear of any liens or encumbrances, and sbject to the exceptions set forth above andeasements of record.2. Buyer shall pay all taxes and special assessments becoming due after this date. During the term of thisContract, or until delivery by Seller of a General Warranty Deed conveying title to said property to Buyer,Seller may pay taxes On this property. for the account of the Buyer. Buyer agrees to reimburse Seller for suchtaxes advanced upon 'receipt from Seller of a statement as to the amount due therefor.i. All lots will front on an existing or proposed street connecting said property with a private, county, Stateor Federal road system. Buyer shall be entitled to use and occupy the _ property so long as payments a're cur.rent and the agreements and restrictive covenants arE complied with.4. All credits, refunds, allowances, or adjustments are Issued by sellers from their offices at Tulsa, Oklahoma,and by authorized officers of the Corporation only.. Buyer acknowledges that protective covenants have been placed upon the property restricting the use ofthe land to commercial and residential sites. Copies of such protective covenants are avaiiable at the Sellersoffices at Tulsa, Oklahoma and the office of the County Clerk of Deraware County,Oklahoma.6. The Buyer hereby acknowledges that this contract Is not divisable and hereby agrees that should he failto make prompt payment of any of the sums provided under this contract on the date on which said sumsbecome due, and payable or should Buyer violate any of the other terms, covenants, provisions or conditionsof this contract, the contract shall, at the option of the Seller, be terminated and be of no ,further force or ef-fect, and the Buyer shall have no further rights or claims to the land under this contract and the Seller mayInstitute action of forceable entry and detainer to evict any person then In possession of the propertyand retain all payments made by the Buyer under this contract in full and complete satisfaction of and as liquI-dated damages sustained by the Seller. Termination for nonpayment shall be effected by the Seller giving writ-ten notice of such termInation to the Buyer by certified mail at the address of the Buyer herein.

7, This contract contains all of the agreements of the parties and no warranty, covenant or condition not ex-pressly set forth herein or o'n the reverse side hereof shall be bndlngupon the parties. This contract maynot be ltered except in writing signed by both parties hereto. No representative of the company is authorizedto make any representation not contained in the Property Report or the Statement of Record on fie withthe Office of Interstate Land Sales Registration. This contract, and the rights and Interests hereunder, maynot be transferred except on forms furnIshed by Seller, and no such transfer or assignment shall be accepted,or become effective, unless all sums due under this contract to the, date of such assignment or transfer shallhave been paId; provided, that acceptance of such transfer or assignment by Seller shall not relieve the Buy-ers herein from their obligations hereunder. This contract shall be binding upon, arid Inure to the benefit of,Seller, Its Successors and assigns, and the Buyer(s), his. heirs, personal, representatives, and assigns. Whereverrequired by context, the singular shall be deemed to Include the pluraL.

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