CONTRACT TO PURCHASE VACANT LAND
THIS AGREEMENT made and entered into this XXX of March 2018
Fenix Capital Management, LLC, 16630 S. W. Sandstone Ct., Beaverton, OR 97007
with Address in: xxxxxxxxx
1.- WITNESSETH: That the said first party, in consideration of the covenants and agreements on the part of the said second party, hereinafter contained, agrees to sell and convey unto the said second party, and said second party agrees to buy, the following described property located in: XXXXXXXXXXX U.S.A.
LEGAL DESCRIPTION OF PARCEL
2.- The said second party, as consideration for said property, agrees to pay to the said first party the sum of xxxxxx ( xxxxxxx) US$ in lawful money of the XXXXXXX as follows,: to-wit:
XXX consecutive payments of XXXXXXX (XXXXXXX US dollars)
3.- First payment is due on the XXXXX 2018 and thereafter each month until the XXXXX until paid in full.
1.- By wire transfer ( SWIFT) to:
Bank Name: Wells Fargo Bank
Bank Address: 1220 Southwest Scholls Ferry Road
Zip/Postal Code: 97223
ABA/Routing Number: 121000248
Account Number: 7917907102
SWIFT NUMBER: WFBIUS6S
Name/Account Title: Fenix Capital Management LLC , Martin Maier
16630 S.W. Sandstone Ct.
Beaverton, OR 97007 U.S.A.
For: parcel number: XXXXXX
2.- Payment by debit/credit card
or to any other account indicated by Fenix Capital Management, LLC.
4.- Purchaser may prepay any amount directly to the principal without penalty.
5.- This contract and the above property to be conveyed shall be subject to the restrictions and easements of record affecting said property.
6.- And the said second party agrees to pay all taxes or assessments of whatsoever nature, which may be assessed against the premises above described after the XXXXXXXX 20XXX.
7.- In the event of the failure to comply with any of the terms hereof, and of non payment of 3 ( three) monthly payments, by the said second party, the said first party shall be released from all obligation in law or equity to convey said property, and said second party shall forfeit all rights thereto, together with all improvements on, or hereafter placed on said property, including forfeiture of all payments made by second party on this contract at the time of forfeiture, and such payments shall be retained by said first party in full satisfaction as rent and in liquidation of all damages by him sustained; or first party may mature the full unpaid balance of the purchase price then owing hereon, and enforce specific performance of this contract, with damages.
8.- And the said first party, on receiving such payments at the time and in the manner above mentioned, agrees to execute and deliver to the said second party or to his assigns, a good and sufficient WARRANTY DEED by conveying said property, free and clear of all encumbrances, except those herein named or those created or assumed by second party. Standard administration, Notary, Taxes, costs registering with County and processing fees of $150 will be applied.
9.- Second party shall not assign this contract without first obtaining written consent to such assignment by first party or assignees of first party.
10.- And it is understood that time is the essence of this contract and that the stipulations aforesaid are to apply to and bind the heirs, executors, administrators, and assigns of the respective parties.
11.- This conveyance is made and accepted upon the further condition and provision: That the property herein described has been inspected by the second party, or his duly authorized agent, and the same is and has been purchased by the said second party as the result of said inspection, and that the first party herein is not responsible or liable in any way for any inducement, representation, agreement, condition, or stipulation not set forth herein.
12.- This Contract of Deed shall be deemed to have been made in the State of Oregon and any and all performance hereunder, or the breach thereof, shall be interpreted and construed pursuant to the laws of the State of Oregon without regard to conflict of laws rules applied in the State of Oregon. The parties hereby consent to personal jurisdiction and venue exclusively in the State of Oregon with respect to any action or proceeding brought with respect to this Contract of Deed.
IN WITNESS WHEREOF, the said parties to these presents have hereunto set their hands on month XXXX date XXXX year 20XX
Martin Maier, Executive Manager Fenix Capital Management, LLC
Contracts or Agreements for the purchase of an unimproved lot ( without building) may be rescinded by you without cause by sending or delivering written notice of rescission by midnight of the seventh calendar day following the signing.