Date_______________________,  Hughes County, Oklahoma

Patricia Howard and Investment Exchange agree to sell and (Buyer’s Name)________________________________________________________ agrees to purchase the following described real property:

Hughes County, Oklahoma 20 acres more or less.

Reserving a non-exclusive 30 foot wide easement for public use for ingress, egress and utilities around property and on any existing roads or pipe lines.

Purchase price of $19,000 to be paid as follows: NO down. Balance to be paid with interest from date of this contract at the rate of 9% per annum in installments of $190.00 per month, or more, beginning on the 15th day of 1st month from the date of this contract and continuing until paid. There will be a $10.00 late fee if any payment is delinquent over 20 days.

If Buyer pays $3,000 down the interest will be lowered to 7% .

Time is of the essence in this contract. In the event Buyer fails to make any scheduled payments when due Seller may mail Buyer, at his last known address, a 30 day notice to bring payments current.  Buyer understands that if payments are not brought current within said 30 day period, Seller may keep all monies paid him and Seller will be released from any obligation of delivering title.

Buyer may have been shown photographs of the general area where the land  in this contract is located, however, no representations are made that these pictures are of the exact parcel of land being sold. No oil or mineral rights are being sold. Any surface damages paid will be credit first on Land Purchase Agreement and remainder, if any, to Buyer. Taxes that become due after date of this agreement will be paid by Buyer.

After Buyers have paid $3,000.00 off purchase price, at Buyer's written request, Seller will prepare a mortgage or deed of trust and note for the balance then owed.  Seller will record property into Buyer's name, after Buyers have signed same.

The cash purchase price is $19,000. The interest if all payments are made as agreed is $15,694. The annual percentage rate is 9%. The total finance price with principal and interest is $34,694. Total number of payments is 182. YOU MAY PAY THIS CONTRACT OFF AT ANYTIME AND INTEREST WILL STOP.

Buyer may cut down trees for a building pad and corral. Buyer will not cut down any other trees or plants until this contract is paid in full. Buyer may cancel this agreement and receive all their money back within seven days from date they sign a copy of this agreement.

This contract can not be recorded and Buyer is aware he can not receive a homestead exemption until he has deeded title.

Seller: Patricia Howard

P.O. Box 6205

Woodland Hills, CA  91365     
(818) 932-8920
Fax (818) 878-9148