If this proposition is accepted, the purchase price of ________________________ Dollars shall be paid as follows: _____________ (amount) ($________) in cash _______________ (on the acceptance of the proposition or at the opening of escrow), toward which payment the deposit tendered with this proposition shall be credited, and the balance, or __________ (amount) ($________), in equal ____________ (monthly or as the case may be) payments of _________________ (amount) ($________) each, including interest, thereafter, such payments to commence __________________ (within _____ days after the close of escrow or as the case may be) and to continue until the balance of the purchase price has been fully paid. Interest at the rate of __________________ percent per year shall be paid on the deferred balance, to be included in the periodic payments.

Payment of the deferred balance in the manner stated above shall be secured by _________

____________ (a purchase money mortgage or deed of trust to seller, in form approved by the attorney for seller or as the case may be).

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Signature Date

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Signature Date

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Witness Date