This contract made this

....................day of...................., in the year one thousand nine hundred and...................., between ...................., of the City of

Detroit, Wayne County, Michigan, party of the first part, and ...................., party of the second part:

Witnesseth: Party of the first part, in consideration of the payment of...................., heretofore made to first party, receipt whereof is confessed and acknowledged, and the payments to be made, and agreements to be performed by the party of the second part, as hereinafter set forth, agrees to sell and convey to the party of the second part, the following described land, situated in the....................of....................County, of Michigan, to wit: ................................................................................................

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

Party of the second part agrees to pay for said premises in addition to the sum of....................dollars heretofore paid, the sum of....................dollars in installments as follows:.............

....................dollars or more on the....................day of....................

and a like sum or more on the.................... day of every........

............month thereafter, with interest at the rate of six per cent. per annum on all principal sums at any time unpaid hereon, until due, payable....................at the time of the payments of said installments, and thereafter at the rate of seven per cent. per annum until paid, until the entire principal sum of....................dollars shall have been paid.

Party of the second part further agrees to enter for taxation in his own name, and pay within forty (40) days after the same shall become payable, all taxes, assessments, extraordinary as well as ordinary that may be levied thereon, including the....................taxes for the year 19........, also in case party of the first part is obliged to bring any action for the enforcement of this contract, party of the second part will pay the specific motrgage tax of $5.00 per thousand dollars of the amount secured, and all costs of such action, including a reasonable attorney fee for serving notice of termination and representation of first party in court, not to exceed $10.00. All such taxes, assessments, costs and expenses shall, if not paid by second party, upon demand be added to the balance of the principal sum due hereunder and shall bear interest thereafter at........

per cent. per annum.

Party of the second part will keep all buildings and improvements upon and to be placed upon said premises insured in a responsible insurance company, which party of the first part shall have the option of selecting, if he so desires, in an amount to be approved by first party for the benefit of first party until the purchase money is fully paid; and the said party of second part shall and will keep the buildings and all other improvements upon said premises in good repair. Should party of the second part fail to keep said buildings and improvements insured, or to make necessary repairs to prevent damage to the buildings, party of the first part may effect such insurance and may cause said repairs to be made and the expense thereof shall be added to the principal sum due hereunder and bear interest at six per cent. per annum until paid.

Party of the second part accepts this contract subject to all or any building restrictions shown in the chain of title, and agrees to conform to same, and when the premises are finally conveyed to him, will accept a deed subject to such restrictions.

Party of the first part shall have the right to place a mortgage upon said premises for any part of the unpaid balance, and party of the second part upon paying this contract down to said mortgage will accept a deed subject to said mortgage and will assume and pay same.

Time shall be of the essence of this contract and if second party shall fail to make any of the payments or perform any of the conditions above set forth, in the manner, and at the time above limited therefor, party of the first part shall immediately after such failure have the right to declare this contract terminated and may thereupon retain whatever may have been paid thereon and the premises, together with all buildings and improvements, as stipulated damages for the breach of this contract, and rent for the use of said premises. In such event the premises shall be surrendered to first party and the said first party shall have the right to enter and repossess same, and second party shall be deemed and treated as a tenant, or tenants holding over without permission. Any notice of such termination may be given to second party by mailing same to his last known address, or by delivery to the premises. In addition to the foregoing remedy, but not in limitation thereof, first party shall in case of default of second party have the right to declare the entire balance due upon this contract and proceed to immediate collection hereof either by suit at law or in equity.

Upon the execution of this contract, and so long as party of the second part shall not have defaulted thereunder, party of the second part shall have possession of said premises, and upon payment to first party of the sums chargeable hereon, and the performance of all agreements herein, in the manner and at the times above limited, party of the first part upon the surrender of this contract will execute and deliver to said party of the second part a good and sufficient warranty deed of said premises, warranting same against all liens and encumbrances, except such as may have accrued on said land or buildings thereon subsequent to the date hereof, by or through the acts or negligence of any party or parties other than the party of the first part hereto and except any and all restrictions heretofore imposed upon or against the use of said premises, and will also furnish an abstract of title showing marketable title in first party or parties.

Party of the second part shall not assign this contract without the consent of party of the first part being first endorsed in writing hereon, and no payments received by first party upon this contract after such assignment shall be deemed or considered an implied consent to such assignment.

The covenants, conditions and agreements herein contained shall be for the benefit of and binding upon the several parties hereto, and their respective heirs, legal representatives, successors and assigns.

In witness whereof, the parties hereto have executed this agreement in duplicate the day and year first above written.

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In presence of

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

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County of Wayne, State of Michigan, ss.

On this....................day of...................., in the year one thousand nine hundred and......................, before me a notary public in and for said county, personally appeared........................, to me known to be the same person described in and who executed the within instrument as vendor................, who................

acknowledged the same to be....................free act and deed.

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

Notary Public, Wayne County, Michigan. My commission expires .................................