Version #2 of the agreement

AN AGREEMENT entered into this 15th day of September, 1907, by and between...................., of Chicago, Owner, party of the first part, and...................., also of Chicago, Builder, party of the second part:

Witnesseth: That the said party of the second part, for and in consideration of the sum of Five Thousand (5,000) Dollars, in payments as set forth in the specification, agrees to construct a city dwelling for the said party of the first part, at the corner of..........Ave. and...........St., day of.........., 1907.

City of Chicago, in accordance with drawings numbered..............and specifications all prepared therefor by...................Architect.

Which drawings and specifications are a part of and the basis of this agreement.

In consideration of the foregoing, the said party of the first part agrees to pay to the said party of the second part the full sum of Five Thousand (5,000) Dollars, in payments and under conditions as fully set forth in the specification.

In witness of the foregoing, the parties aforesaid here set their hands and seals to this and one other instrument of like tenor and date, this........

...................., Owner (Seal).

...................., Builder (Seal),

In presence of:

............................

Should changes be necessary, a supplementary agreement in the following form should be prepared for the signature of both parties:

Whereas: ...................., Owner, did, on the Fifteenth day of September, 1907, enter into an agreement with...................., day of............, 1907.

Builder, for the erection of a dwelling in accordance with drawings and specification prepared therefor by...................., Architect, as fully set forth in such agreement; and

Whereas: it is the desire of said...................., Owner, to make certain changes as fully set forth as follows:

...............................................................................................................................................

...............................................................................................................................................

The said...................., Builder, agrees to make such changes and make all necessary modifications in the work necessarily incident thereto, for the sum of One Hundred (100) Dollars, as an addition to the original contract price for the work, it being understood that no additional time is to be required in the completion of the work on account of these changes.

And the said...................., Owner, agrees to pay the additional sum of One Hundred (100) Dollars on account of these changes.

In witness of the foregoing, the parties above said have set their hands and seals to this and one other instrument of like tenor and date this........

......................., Owner. (Seal).

..................... .., Builder. (Seal).

In presence of:

...................

..................................

The above agreement has been duly noted by me,

...................., Architect.

As the work progresses, it will be necessary for the Architect each month to make an estimate of the value of the labor and materials satisfactorily in place, and to issue to the Contractor a certificate for presentation to the Owner. A certificate drawn along the following lines not only serves its purpose of notifying the Owner of the amount due, but also furnishes him with a statement of the account to date. It is very desirable that both Owner and Contractor shall each month see, understand, and sign a clear statement of the conditions existing under the contract; for this closes dp all matters which if allowed to drift, might cause serious misunderstanding.

Certificate No. 2.

Chicago, Illinois.

November 1, 1907. This certifies that...................., Contractor, under his agreement, dated September 15, 1907, with...................., to construct a dwelling at the corner of........Ave. and.............St., City of Chicago, is entitled to a payment in amount Twelve Hundred Dollars ($1,200.00) under the terms of said agreement in accordance with the following statement of the account:

Contract price................................................

. $ 5,000.00

Extra No. 1, dated October 3...................................

100.00

Extra No. 2, dated October 18.......................................

125.00

Total of contract and extras to date...........................

.$5,225.00

Value of work and materials satisfactorily in place at this date.......................................

$2,400.00

Retained percentage 10%..........................

$ 240.00

Certificate No. 1, Oct. 1, 1907......................

960.00

Certificate No. 2, Nov. 1, 1907...................

1,200.00

Total value of work in place on this date....................

$2,400.00

Total balance unpaid under this contract

$ 2,825.00

To.....................Owner. ...................., Architect.

November 3, 1907.

Received from.................. .., Owner, the sum of Twelve

Hundred Dollars ($1,200.00), and I acknowledge that the above statement of the account is complete and correct.

...................., Contractor.