Exchange of real for real and personal property document is processed, if two parties agree to exchange both their general stock of merchandise located in a specific state and county mutually. The first party, with property agreed to be conveyed by the second party, hopes to convey the building on the property, appurtenances of them and the fee simple free from all kinds of dispute and problems. The mortgage payment of that property of general stock of merchandise is to be mentioned in the document that has to be showcased to the second party exchanger for confirmation. Including the subject to all liens for street and sewer improvements lies on the exchanger.
The first party should agree to buy all the interest on the mortgages and all installments of both principle and interest of both liens which are due and payable at the date of the agreement. The second party also transfers the goods of merchandise to the first party exchanger in the building contained, free and clear of all disputes of the judicial law. Within a given closure date in the document, both the parties should agree on exchange their property and goods of merchandise as mentioned in the documents. Hence, when both the parties sign this document, they have all the rights to engage in an exchange process and also make dues and payments (if required) for the same. Thus, this document serves as a record of the exchange that took place between two parties.
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