$........ should the present first mortgage at any time be satisfied, and such clause shall further subordinate said mortgage to any new first mortgage in place of the present first mortgage, provided the excess of such new first mortgage above $........is paid to the holder of this second mortgage on account of the principal sum, and that the holder of such second mortgage shall execute, acknowledge and deliver any Instruments necessary or proper to effectuate such subordination as above agreed, provided he shall not be obliged to incur any expense in doing so (or. provided he shall be reimbursed for any expenses he may incur in doing so, to an amount not exceeding $......)." closing title and the unfixed meter charge for the intervening time shall be apportioned on the basis of such last reading.

The deed shall be in proper statutory short form for record, shall contain the usual full covenants and warranty, and shall be duly executed and acknowledged by the seller, at the seller's expense, so as to convey to the purchaser (or his assigns) the fee simple of the said premises, free from all incumbrances, except as herein stated.

The seller shall give and the purchaser shall accept a title such as the New York Title Guarantee Company will approve and insure.

The gas fixtures, chandeliers, shades, awnings, gas ranges, mantels, mirrors over mantels, ash cans or receptacles now in or upon said premises, and the carpets, oil cloths and mattings in the halls of the buildings on said premises, and all personal property appurtenant to or used in the operation of said premises is represented to be owned by the seller and is included in this sale.

All sums paid on account of this contract, and the reasonable expense of the examination of the title to said premises are hereby made liens thereon, but such liens shall not continue after default by the purchaser under this contract.

The risk of loss or damage to said premises by fire until the delivery of the deed is assumed by the seller.1

The stipulations aforesaid are to apply to and bind the heirs, executors, administrators, successors and assigns of the respective parties.

Witness the signatures and seals of the above parties.

Executive Realty Company. corporate By Walter Graham, seal President.

In the presence of* Howard McFarlane.

wllmot r. wetmore. [seal]

Form 18. - Contract of Sale. Cook County, Illinois.3

This Agreement Witnesseth, That..............................hereinafter called the purchaser, hereby agree... to buy, and.............

......................................... hereinafter called the seller, hereby agree.. .to sell at the price of...........................dollars, and upon the terms and conditions herein specified, the following described real estate, situated in the County of Cook and State of Illinois, to wit:

.................................................................................................................................... .................................................................................................................................together with all improvements thereon, including all screens for windows or doors, storm doors, storm windows, awnings, shades, gas fixtures and globes, electric light fixtures and globes, heating apparatus, gas ranges...................................and all other fixtures that pertain to and are a part of said premises.

1 Clauses for liquidated damages for breach of the contract are sometimes Inserted. For such clauses see Forms 18-21. 25, 28.

2 Acknowledgment may be added. An acknowledgment makes the contract admissible in evidence without further proof. N. Y. Code of Civil Pro., Sec. 937.

3 This form is supplied by and published with the permission of the Cook County (Illinois) Real Estate Board.

Said premises are..............by..............feet..............being also known as Number......................................and improved with.......................................................

On compliance by the purchaser with his part of this agreement, the seller hereby agrees to convey to him a good and merchantable title to said premises by good and sufficient.......................................warranty deed, with release of dower and homestead rights, and deliver possession of said premises free and clear of all incumbrances except the following, to which said conveyance is to be made subject, viz.:

1. General taxes levied after the year 19.__

2. Special taxes or assessments levied for improvements not completed at the date of this agreement.

3. The following unpaid installments of special assessments which fall due after the date of this agreement, for improvements completed, viz.:

4. The following building lines and restrictions upon the use of the premises, viz.: ......................................................

5. The following party-wall agreements, viz.:.....................

6. Existing leases, expiring as follows:...........................

7. The following mortgages or trust deeds, viz.:...................on which there remains unpaid.......................................dollars.

The purchaser has deposited............................dollars as earnest money to be applied on the purchase. Within five days after the title has been accepted, or all material objections thereto have been cured, or after the seller has furnished a guarantee policy as permitted by this agreement, the purchaser, provided the said..................warranty deed is then ready for delivery, agrees to pay to the seller, at the office of.........

....................the additional sum of.....................dollars, and for the balance of the purchase price to make and deliver to the seller his principal note or notes, of even date with the said...................warranty deed, for the sum of.................................dollars, payable ................................................................................................................................................................................................... with interest at the rate of.............per cent, per annum, payable semiannually, and further evidenced by interest notes; said principal and interest notes to be secured by purchase-money trust deed on said premises to such trustee as the seller shall designate. The said notes shall be payable to the order of and endorsed by the purchaser........................and both principal and interest notes shall bear interest after maturity at the rate of seven per cent, per annum until paid. Said principal and interest notes and trust deed shall be in the form known as Cook County Real Estate Board forms numbers 2, 3 and 4 respectively, including the provisions therein contained for payment in gold coin, and all the other provisions, conditions and stipulations, whether matters of form or of substance, contained in the printed forms of notes and trust deed above specified.