The
purchaser of state lands under the provisions of this chapter,
except in cases where the full purchase price is paid at the time
of the purchase, shall enter into and sign a contract with the
state, to be signed by the commissioner on behalf of the state,
with the seal of the commissioner's office attached, and in a
form to be prescribed by the attorney general, in which the
purchaser shall covenant to make the payments of principal and
interest, computed from the date the contract is issued, when
due, and that the purchaser will pay all taxes and assessments
that may be levied or assessed on such land, and that on failure
to make the payments as prescribed in this chapter when due all
rights of the purchaser under said contract may, at the election
of the commissioner, acting for the state, be forfeited, and that
when forfeited the state shall be released from all obligation to
convey the land. The purchaser's rights under the real estate
contract shall not be forfeited except as provided in chapter 61.30 RCW.
The contract provided for in this section shall be executed
in duplicate, and one copy shall be retained by the purchaser and
the other shall be filed in the department's Olympia office.
The commissioner may, as deemed advisable, extend the time
for payment of principal and interest on contracts heretofore
issued, and contracts to be issued under this chapter.
The department shall notify the purchaser of any state lands
in each instance when payment on the purchaser's contract is
overdue, and that the purchaser is liable to forfeiture if
payment is not made when due.
[2003 c 334 § 361; 1985 c 237 § 18; 1982 1st ex.s. c 21 § 162; 1959 c 257 § 26; 1927 c 255 § 57; RRS § 7797-57. Prior: 1897 c 89 §§ 17, 18, 27; 1895 c 178 §§ 30, 31. Formerly RCW 79.01.228, 79.12.400.]
NOTES:
Intent -- 2003 c 334: See note following RCW 79.02.010.
Severability -- Effective date -- Application -- 1985 c 237: See RCW 61.30.905 and 61.30.910.
Savings -- Captions -- Severability -- Effective dates -- 1982 1st ex.s. c 21: See RCW 79.135.900 through 79.135.904.