After the title to the real estate hereinbefore described has been examined and approved by the purchaser or his attorney, or the Chicago Title and Trust Company has indicated in writing its willingness to issue its guarantee policy as provided in said contract, then said purchaser shall deposit with the Chicago Title and Trust Company in escrow the balance of the purchase price aforesaid, together with the purchase money notes and mortgage or trust deed, if any, and the said vendor.... shall deliver to said company, all abstracts of title, leases, insurance policies, tax receipts and title papers in his possession relating to said premises and the Warranty Deed aforesaid, which Warranty Deed, together with said mortgage or trust deed, if any, shall be by said company forthwith placed on record, and the abstract aforesaid or the searches for guarantee policy aforesaid shall be brought down to cover the date of record of said deed and trust deed or mortgage, if any, and if it shall then appear that the title passing to said purchaser. .. .by said Warranty Deed answers the requirements of this con-

1 See Form 32 infra, " Deed and Money." tract, then the Chicago Title and Trust Company shall pay the purchase price and deliver the notes deposited with it hereunder to said vendor.... or to agent designated in writing, and deliver to the purchaser. .. .or agent designated in writing, the abstracts, guarantee policy, leases, tax receipts and title papers deposited with it under the terms hereof.

In case the title shall have been examined and approved by the purchaser. ...or..........attorney as herein set forth, then the title to said premises shall be assumed to be as stated in the written opinion thereon and the title subsequent to the date of such opinion shall be examined and approved by.............................................upon whose opinion the said Chicago Title and Trust Company shall act in performing its duties as escrowee hereunder.

Real Estate broker's commission of....................to be paid by ................................ to................................

Escrow fee to be paid by.........................................

Abstract fee to be paid by.......................................

Guarantee policy premium to be paid by...........................

Recording fees to be paid as follows:..............................................................................................................................................................................................................................................................................................

In Witness Whereof, the said parties hereto have hereunto set their hands and seals this...........................................day of ................................, A. D. 19.....

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This Memorandum Witnesseth, That............................

............................hereinafter called the purchaser.... hereby agree... .to purchase at the price of...........................Dollars, the following described real estate, situate in the County of Cook, and State of Illinois, to-wit:..................................................

(Description here.) and ...............................................................hereinafter called the vendor...., agree.... to sell said premises at said price, and to convey by full Warranty Deed with release of dower inchoate or otherwise, and homestead rights or estates to said purchaser. ... a good and merchantable title thereto, subject to: (1) Existing leases expiring .......................................; (2) Special assessments for improvements not yet completed; (3) The instalments not at the date hereof

1 Form of the Chicago Title & Trust Co.

The following form of contract for sale of real estate provides for a title guarantee policy instead of an abstract of title.

Form 20. - Contract of Sale. Chicago, Illinois.1 due of any special assessment for improvements heretofore completed; (4)

Water taxes payable after....................; (5) General taxes levied or assessed alter the year A. D.........; (6) Building lines, if any; (7)

Building or liquor restrictions, if any; (8) Party wall rights or agreements, if any ..........................................................................................................................................................................................................................................................................................................................................

Said purchaser.... has paid...............................Dollars as earnest money to be applied on said purchase when consummated, and agree.... to pay within........................days after the guarantee policy in substance and form hereinafter mentioned, has been delivered to said purchaser. . . ., the further sum of................................

Dollars, as follows, to-wit:........................................................................................................................................................................................................................................................................................................................to be secured by note or notes and Mortgage or Trust Deed of even date with the Warranty Deed above mentioned, on said premises in the form ordinarily used by the Chicago Title and Trust Company.