The following is a form of land contract with a special tax clause whereby the vendee obligates himself to pay not only the taxes assessed against the property but all taxes which may be assessed against the contract or upon the interest of the vendor in such contract.

"This contract, made this (here insert date) between (here insert name of party of the first part) party of the first part and (here insert name of party of the second part) party of the second part.

Witnesseth, that the said party of the first part, in consideration of the sum of....................dollars to be to him duly paid as hereinafter specified, hereby agrees to sell and convey to the said party of the second part all the following described land, situated in (here insert place), to-wit: (here describe property), for the sum of .................... dollars which the said party of the second part hereby agrees to pay to the said party of the first part as follows: (here designate how payments are to be made) with interest on all sums at any time unpaid hereon at the rate of....................per cent. per annum, payable

....................annually.

It is agreed by the parties hereto, that the said party of the second part shall, during the life of this contract, pay and discharge within the time prescribed by law, all such taxes and assessments (extraordinary as well as ordinary) as shall by any lawful authority be imposed upon the premises above described, and, particularly, all taxes which shall be assessed upon this contract, or upon the contract interest of said party of the first part in and to said premises, by virtue of this contract, including the taxes for the year....................and that the payment by said party of the second part of such taxes on this contract, or the contract interest of said party of the first part, shall not, in any case, be considered and treated as a payment on either the interest or the principal of this contract.

It is agreed by the parties hereto that in default of the payment of any or all of said above mentioned taxes and assessments, by said party of the second part, within the time prescribed by law, it shall be lawful for said party of the first part to pay any or all of said above-mentioned taxes and assessments, and the moneys thus paid by said party of the first part may be added to the amount due on this contract, payable forthwith with interest at the rate of....................per cent. per annum, and shall be treated as a part of the money payable under this contract.

It is agreed by the parties hereto, that said party of the second part shall have possession of said land, under this contract on the (here insert date).

It is also agreed by the parties hereto that if the said party of the second part shall fail to perform this contract, or any part of the same, the said party of the first part shall immediately after such failure, have the right to declare this contract void, and to retain whatever may have been paid hereon, and all improvements that may have been made on said land as stipulated damages for non-performance of this contract, and may consider and treat said party of the second part as his tenant holding over without permission, and may take immediate possession of said land, and remove said party of the second part therefrom.

And it is agreed that the stipulations herein contained are to apply to and bind the heirs, executors, administrators and assigns of the respective parties hereto.

In witness whereof, the parties hereto have hereunto set their hands and seals, the day and year first above written.

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Signed, sealed and delivered in presence of

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State of Michigan, County of............, ss.

On this........................day of........................A. D. 19......, before me, the subscribed, a notary public in and for said county, personally appeared (here insert the name of the vendor) to me known to be the person named in and who executed the within instrument as vendor, and acknowledged that he executed the same as his free act and deed for the intents and purposes therein mentioned.

Notary Public,................County,

My commission expires......................... Michigan.