Where real estate is sold for cash, the contract, of course, is greatly simplified, and many subjects which in the preliminary contract for the execution of a land contract must be dealt with, may be omitted altogether.

The following is a simple form which contains the essential elements of the contract:

John Doe, hereinafter known as the vendor, in consideration of the price of $............, a part payment on which in the sum of $............is by him, hereby acknowledged, does hereby agree to sell and convey to Richard Roe, hereinafter known as purchaser, the following described real estate situated in the City of ................, County of ................, State of Michigan, to wit:

(Here describe real estate.)

..............................................................................................................

The vendor agrees to deliver abstract of title for examination to the purchaser within five days from date, and purchaser shall have ten days' additional time in which to examine said abstract and if same shall show a merchantable title, free and clear from all encumbrances, vendor shall prepare and execute a warranty deed containing release of dower rights for such real estate, and concurrently with the delivery of such deed, the balance of purchase price shall be paid. In the event title to such real estate shall be defective, the time for closing this transaction shall be extended a sufficient length of time to permit such title to be corrected, but in no case to exceed six months from date. In the event it shall be found impossible to correct defects, if any shall exist in said title, then vendor shall return to the purchaser the initial payment made hereon. If purchaser shall fail to pay the balance of such purchase price, and the same shall become due, the vendor shall have the right to retain the payment made herein as liquidated damages for breach of this agreement. Possession shall not be given to the purchaser until full purchase price shall have been made.

Dated this ............ day of............................................

................, A. D............... Vendor.

.......................

Purchaser.