Agreement made this......day of ......, 19-----, between

......, of......, party of the first part, and......, of......, party of the second part. Whereas the said party of the first part is the owner in fee simple of a certain parcel of land, with the buildings thereon, situate in .... aforesaid, bounded and described as follows, viz.: (describe).

And whereas, the said party of the second part is the owner in fee simple of a certain parcel of land, situate in said ......, bounded and described as follows, viz.: (describe).

And whereas the said parties have agreed to make an exchange by way of mutual sale conveyances of their respective properties, now it is agreed as follows:

1. That the said party of the first part shall, in consideration of the property hereby agreed to be conveyed by the said party of the second part to the said party of the first part, and of a sum of money to be paid by the said party of the second part to the said party of the first part, as hereinafter mentioned, sell and convey to the said party of the second part, said described land of said party of the first part, with the buildings thereon, and the appurtenances thereof, in fee simple, free from all incumbrances.

2. That the said party of the second part shall, in consideration of the property hereby agreed to be conveyed by the said party of the first part to the said party of the second part, sell and convey to the said party of the first part, the said described land of said party of the second part, with the appurtenances thereof, in fee simple, free from all incumbrances, and shall pay to the said party of the first part the sum of money hereinafter mentioned.

3. The said premises belonging to the said party of the first part being considered to be of greater value than the said premises belonging to the said party of the second part by the sum of

......dollars, the said party of the second part shall, upon the execution of said conveyance, pay to the said party of the first part the sum of......dollars, the difference in value of the said premises.

4. The said exchange shall be completed on the...... day of...... 19----- at the office of......, at......, when each of said parties shall, by good and proper deeds, convey the said premises belonging to him, unto the other of them, free of all incumbrances.

5. Each of said parties shall be entitled to the possession and to the receipt of the rents and profits of the premises hereby agreed to be conveyed to him, from the...... day of......,

19.....

6. If from any cause whatever, the said respective conveyances shall not be completed on or before the said......day of

......- next, interest at the rate of......per cent. per annum, upon the sum to be paid for equality of value as aforesaid, shall be paid by the said party of the second part, from the......day of......next, until the completion of said conveyance.

In witness whereof, etc.