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Buyer Initials ______ _______ - 1 - Seller Initials _______ _______ CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE (NO BROKER) For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, ,“Seller” whether one or more, and ,“Buyer” whether one or more, do hereby covenant, contract and agree as follows: 1. AGREEMENT TO SALE AND PURCHASE: Seller agrees to sell, and Buyer agrees to buy from Seller the property described as follows: (complete adequately to identify property) County, Illinois. Address: Legal Description (or see attached exhibit): As described on attached Exhibit. Together with the following items, if any: (Strike items to be retained by Seller) curtains and rods, draperies and rods, valances, blinds, window shades, screens, shutters, awnings, wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail boxes, television antennas and satellite dish system with controls and equipment, permanently installed heating and air-conditioning units, window air-conditioning units, built-in security and fire detection equipment, plumbing and lighting fixtures including chandeliers, water softener, stove, built-in kitchen equipment
(if the seller provides a building permit and is a qualified contractor that meets the requirements described in paragraph above, the items may be removed from the property for inspection and, if deemed necessary, for storage. ) . ..................................... 2. Payment in full: or in advance: (if both parties agree, purchase price) a. (if the buyer is an individual, or the buyer is an individual purchasing on behalf of a corporation, partnership or similar business entity, the seller shall pay the agreed upon price for the sale and purchase of property for which the buyer was engaged to perform the work or provided services or both, in cash or by a check, electronic transfer of funds and electronic check or money order) on or before (date) and (date) (date) . B. Or at the time of the sale: date. C. . D. With receipt accompanying title. Purchase price: , cash. (if seller provides a property permit, the date for inspection will be determined upon receipt of the required documents) if the agreement requires payment in advance,, (date). If the agreement does not require payment in advance,, (the date for inspection. ) iii. Seller's receipt: if the agreement requires acceptance of the title contract, then the seller's receipt for the title shall contain the following statement: . (if it does not require acceptance, then the seller's receipt shall contain the declaration of title and a copy of the certificate of title.) 4. Sale price: or up to and including the price of the property, whichever is lower. (if the seller provides a building permit and is a qualified contractor that meets the requirements described in paragraph above, the seller shall pay the agreed upon price for the sale and purchase of property for which the buyer was engaged to perform the work or provided services or both, in cash or by a check, electronic transfer of funds and electronic check or money order). Or up to and including the price of the property, whichever is higher. Or up to and including the price of