CONTRACT OF SALE

(Vacant Land)

THIS AGREEMENT is dated the       day of      , 20      and is between

      whose address is       (“Seller”)

and

      whose address is       (“Purchaser”).

1.Seller shallsellandPurchaser shallbut the realpropertyhereinbelow describedfor the

sum of      ($     ) DOLLARS, payable as follows:

OnthesigningofthisContract,thesumof$     ,thereceiptofwhichishereby

acknowledged and which is subject to collection

those set forth in this Contract. Seller shall pay all transfer tax due as a result of the sale of the

real property. The deed shall contain a clause which complies with Section 13 of the Lien Law.

4.All adjustments of real estate taxes, assessments and water/sewer charges, if any,shall

beconductedinthenormalmannerforrealestatetransactioninthelocalityinwhichthereal

property is situated.

5.ThePurchasershallhavepossessionoftherealpropertyonthedate ofthetransfer of

titleunlessotherwiseagreedto,inwriting,bythepartiesheretoortheirattorneys,inwhich

event,alladjustments shallbecalculatedfromthedatethatthe Purchaser took possessionof

the real property and Purchaser shall be obligated to maintain the real property from said date.

6.IntheeventthatthePurchasershallfailtoperformanyoftheterms,conditionsand

In the event that Purchaser shall fail to cure the default after notice has been duly given,

Seller may avail itself of any of the following remedies:

a.Sellermayacceleratetheentirebalanceofprincipalandinterestanddemand

immediate payment;

b.Seller may take immediate possession of the premises as permitted by law;

c.SellermayperformanyactonPurchaser’sbehalftobeperformed,thecostof

whichshallbethePurchaser’sresponsibilitywhichshallincludeinterestandreasonable

attorneys’fees,ifany,forwhichSellermaydemandimmediatepaymentinfulloraddtothe

existing principal owed by Purchaser to Seller; and/or

contractifPurchaserfailstoorrefusestoexecutesamewithfifteen(15)daysandany

improvements madeto therealproperty, whetherby Seller and/or Purchaser shallbeSeller’s.

The rights afforded Seller hereunder shall be in addition to those afforded Seller by law.

7.ThisContractmayonlybechangedoramendedinawritingsignedbytheparties

hereto.

8.ThisContractshallbebindinguponthe distributees,executors, administrators,

successors and assigns of the parties hereto.

9.The words “Purchaser” and “Seller” shall include the plural thereof where applicable.

10.Riders attached to this Contract are      .

INWITNESSWHEREOFthepartieshavesignedthisContractonthedateandyear

Onthe     dayof     ,intheyear20     ,beforemetheundersigned,personallyappeared     

personallyknowntomeorprovedtomeonthebasisofsatisfactoryevidence,tobetheindividual(s)whose

name(s) is(are)subscribedto thewithininstrument and acknowledgedto me that(he)(she) (they) executedthe

samein(his)(her)(their)capacity(y)(ies),andthatby(his)(her)(their)signature(s)ontheinstrument,the

individual(s) or the person upon behalf of which the individual(s) acted, executed the instrument.

_______________________

Notary Public

Acknowledgement taken outside New York State

*STATE OF       )

SS.:

individual(s)orthepersonuponbehalfofwhichtheindividual(s)acted,executedtheinstrument,andthatsuch

individual(s) made such appearance before the undersigned in the      

(add the city or political subdivision and the state or country or other place the acknowledgment was taken).

_______________________

Notary Public

_________________________________,

     Seller

To

__________________________________,

     Purchaser