I don't want to go back and forth on this, but I do not think you can dismiss the situation because the contracts are "standardized.". I've seen a variety of "standardized form" real estate buy/sell contracts (from areas around the country) have completely different provisions. Different banks also have their own "standardized form" contracts for various financing arrangements (which contain different provisions).

​

The fact of the matter is, you cannot assume that the contract says what you are implying unless you actually read it (which I recommend OP to do). Also, contract law is generally governed by (very similar; albeit different) state law. So each state interprets contracts (generally) different.