Transaction involving immovable collateral

Here’s a possible outline for a template or sample contract for a transaction involving immovable collateral:

[Party A Name and Address] [Party B Name and Address]

1. Purpose This agreement (the “Agreement”) sets forth the terms and conditions under which [Party A] (“Borrower”) will receive a loan from [Party B] (“Lender”) in exchange for immovable collateral, as described in Exhibit A attached hereto and incorporated by reference.
2. Loan Amount Lender agrees to lend Borrower the sum of [insert loan amount] (the “Loan Amount”) in exchange for the immovable collateral described in Exhibit A. The Loan Amount shall be used by Borrower solely for the purposes set forth in this Agreement.
3. Collateral Borrower shall provide the immovable collateral described in Exhibit A as security for the Loan Amount. The collateral shall be free of any encumbrances or liens, and shall be in good and marketable condition.
4. Term and Repayment The Loan Amount shall be repaid by Borrower to Lender in accordance with the payment schedule set forth in Exhibit B attached hereto and incorporated by reference. The term of the loan shall be [insert loan term], unless earlier terminated in accordance with this Agreement.
5. Interest and Fees Borrower shall pay Lender interest on the Loan Amount at the rate of [insert interest rate], which shall be calculated and payable in accordance with the payment schedule set forth in Exhibit B. In addition, Borrower shall pay any fees and costs associated with the transaction, as set forth in Exhibit B.
6. Default If Borrower fails to make any payment due under this Agreement or breaches any other term or condition of this Agreement, Lender shall have the right to declare a default and to take any and all actions permitted by law to recover the Loan Amount and/or the collateral. Borrower agrees to cooperate fully with Lender in the event of default.
7. Governing Law and Dispute Resolution This Agreement shall be governed by and construed in accordance with the laws of [insert governing jurisdiction]. Any disputes arising from or related to this Agreement shall be resolved through mediation or arbitration in accordance with the rules of [insert governing mediation or arbitration organization], and the decision of the mediator or arbitrator shall be final and binding on both parties.
8. Representations and Warranties Borrower represents and warrants that it has good title to the collateral, that the collateral is free and clear of all liens and encumbrances, and that it has the power and authority to enter into this Agreement. Lender represents and warrants that it has the necessary power and authority to enter into this Agreement.
9. Limitation of Liability Neither party shall be liable to the other for any indirect, special, incidental, consequential, or punitive damages arising from or related to this Agreement, including but not limited to lost profits, even if the party has been advised of the possibility of such damages.

[Signatures]

Please note that this is just a general outline and not a substitute for legal advice. It’s important to consult with a qualified attorney to ensure that your specific needs and requirements are addressed in the contract.