1. Representation of Ownership. The undersigned is the owner of the full legal and beneficial title to the aircraft described below.
2. Description of Property.
[aircraft make, serial number, FAA registration number]
3. Sales Price and Identification of Purchaser. The undersigned (Seller) in consideration of the sum of ---------- dollars ($----------) received from [name], residing at [address] (Buyer), sells, transfers, and delivers all of Seller's right, title, and interest in and to the aircraft described above to Buyer and Buyer's executors, administrators, and assigns.
4. Representation of Encumbrances. The aircraft is not subject to any mortgage or other encumbrance except the following:
[type of financial agreement, if any, for which aircraft was given as security, e.g., chattel mortgage, the amount of indebtedness, and the date of the financial agreement]
5. Date. IN WITNESS WHEREOF, I have set my hand (and seal) this [date].