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BILL OF SALE

THIS AGREEMENT between Eileen Smith¹ (Seller) of 21 Mead St., South Bend, Indiana² (location of seller), hereinafter SELLER, and Grace Auburn³ (Buyer) of 22 Big Ten St., Mishawaka, Indiana⁴ (location of buyer), hereinafter BUYER, is for the sale of the following:

a storage facility located upon the premises at Lots #4, 5, 6, and 7 of the Regents' Third Addition to The City of South Bend, all yard equipment as shown on Attachment A and all equipment as shown on Attachment B at said premises⁵.

1. PROPERTY AS IS⁶: The property as described above is sold by the SELLER to the BUYER as the property is seen and observed with any and all faults that it may have.
2. PURCHASE PRICE: The BUYER agrees to pay to the SELLER, at SELLER's address, the amount of $130,000⁷. Payment shall be made by the BUYER to the SELLER in the following manner:

$30,000 at the time this agreement is signed⁸.

$25,000 on May 15, 1997

$25,000 on May 15, 1998

$25,000 on May 15, 1999

$25,000 on May 15, 2000

3. DEFAULT⁹: In the event BUYER fails to make payment or is otherwise in default in paying the SELLER, the SELLER has all rights to reclaim the property and/or the SELLER may declare due immediately the entire balance of any sums left unpaid.
4. INTEREST RATE: The interest rate for any unpaid sums shall be the rate of 8%¹⁰ per annum.

This is not a substitute for legal advice. An attorney must be consulted.
Copyright © 1994 - 2015 by LAWCHEK, LTD.

5. DELIVERY OF PROPERTY¹¹: In the event of default, at the demand of SELLER, the BUYER must deliver the goods to the SELLER at the address listed above in the same condition in which BUYER acquired the property from SELLER.

Dated this 15th day of May, yr1996¹², at South Bend, Indiana¹³ (location where signed).

¹⁴	¹⁵
BUYER	SELLER

STATE OF	INDIANA¹⁶	)
		)ss
COUNTY OF	ST. JOSEPH¹⁷	)

On this 15th day of May, yr1996¹⁸, the persons identified above, Eileen Smith, Grace Auburn¹⁹, signed before me, a Notary Public, their signatures when they personally appeared to declare the above voluntary act and deed.

	²⁰
	NOTARY PUBLIC

The form above is an example of how a typical Bill of Sale form may be completed.

The full name of the seller should be set forth.
The location or address of the seller.
The full name of the buyer.
The location or address of the buyer.
A description of the property sold.
Number 1 is sometimes used as a disclaimer and, in some states, may require a more specific description as to the condition of the property.
The total purchase price of the property should be set forth.
A hypothetical method of payment is set forth.
In the event of default, certain provisions of the state's Uniform Commercial Code or Consumer Credit Code may have an effect; therefore, an attorney should be consulted.
An arbitrary rate of interest has been set forth in this particular sample; however, an interest rate in full compliance with state statutes should normally be set forth.
Delivery of the property may vary from state to state. Accordingly, an attorney should be consulted.
The date the transaction is signed.
The location of the transaction.
The signature of the buyer.
The signature of the seller.
The state in which the parties signed the document.
The county in which the document was signed.
The date on which the document was signed.
The names of the parties signing the document before the notary.
The signature of the notary.

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This is not a substitute for legal advice. An attorney must be consulted.