"Subject to" Section in P&S Contract??

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Hello all! I'm new to the site and wholesaling! I have a couple questions about filling out P&S contract.

Anyone familiar with FreedomSoft contract templates? In the purchase and sale contract it reads:

Sale Price:                                             $_______________

Subject to: ___________________           $_______________

Equity:                                                    $_______________

Payable: ______________________

What goes in the "Subject to" blank and dollar amount? Also, what goes in the "Payable" blank??

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When assigning or double closing I pretty much always open the escrow and deposit the EMD. I'm the purchaser, it's my contract and my funds that go into escrow. If I assign or sell to another buyer, the EMD is added to my sales price. I don't think my way is typical. I'm a control freak on my deals when it comes to escrow and closing. I've usually made promises to the seller about vacancy and tenants and time frames so it's important to me to remain in control. There are lots of different ways to do it.