Page1of4BuyerInitials:_________BuyerInitials:_________Revised09/2017SellerInitials:_________SellerInitials:_________

©2017–ChicagoAssociationofREALTORS®-AllRightsReserved

CHICAGOASSOCIATIONOFREALTORS®ResidentialRealEstatePurchaseandSaleContract

(ForusewithSingleFamilyHomes,FeeSimpleTownhomes,orSharedCommunityAssociations)ThisContractisIntendedtobeaBindingRealEstateContract

1. Contract. This Residential Real Estate Purchase and Sale Contract ("Contract") is made by and between1

___________________________________________________________("Buyer"), and ___________________________________________________________ ("Seller")2

(Buyer and Seller collectively, ("Parties"), with respect to the purchase and sale of the real estate and improvements located at3

________________________________________________________________________________________________________________________________("Property").4

ThePropertyP.I.N.#is________________________________________________.LotSize:______________________________.5

AdditionalP.I.N.#(s)(ifapplicable)_____________________________________________________________________________.6

2. FixturesandPersonalProperty.AtClosing(asdefinedinParagraph8ofthisContract),inadditiontotheProperty,SellershalltransfertoBuyerbyaBillofSale7

allheating,cooling,electricalandplumbingsystems,andthefollowingcheckedandenumerateditems(collectively,“FixturesandPersonalProperty”),whichFixturesand8

PersonalPropertyareownedbySeller,andtoSeller’sknowledge,arecurrentlypresentonthePropertyandinoperatingconditionasoftheAcceptanceDate:9

oRefrigerator___ oSumpPump___ oCentralairconditioner__ oFireplacescreen oBuilt-inorattached10

oOven/Range___ oSmokeandcarbonmonoxide oWindowairconditioner___ andequipment___shelvesorcabinets__11

oMicrowave___ detectors__ oElectronicairfilter___ oFireplacegaslog__oCeilingfan(s)___12

oDishwasher___ oIntercomsystem___ oCentralhumidifier___ oFirewood___ oRadiatorcovers___13

oGarbagedisposal__oSecuritysystem___(�rentedor�owned)(checkone) oAttachedgasgrill__oAllplantedvegetation14

oTrashcompactor___oSatelliteDish__ oLightingfixtures___ oExistingstorms oOutdoorplayset/swings15

oWasher__ oAttachedTV(s)___ oElectronicgaragedoor(s) andscreens___ oOutdoorshed16

oDryer___ oTVAntenna___ with___remoteunit(s) oWindowtreatments___17

oWaterSoftener___oMultimediaequipment___ oTackeddowncarpeting oOtherEquipment______________________________________18

Sellershallalsotransfersthefollowing:____________________________________________________________________________________________________.19

Thefollowingitemsareexcluded:________________________________________________________________________________________________________.20

3. PurchasePrice.ThepurchasepricefortheProperty(includingtheFixturesandPersonalProperty)is$__________________________("PurchasePrice").21

4. ClosingCostCredit(Optional).CheckifapplicableoSelleragreestocredittoBuyeratClosing(checkone)o$____________ORo_____%ofPurchasePrice22

(“ClosingCostCredit”), tobeapplied toprepaidexpenses, closing costsorbothas lenderpermits, and that such credit appearson theMaster StatementorClosing23

Disclosure.24

5. HomeWarranty(Optional).CheckifapplicableoSelleragreestoprovideBuyerwithaHomeWarrantyatClosing,atacostofnolessthan:$____________.25

6. EarnestMoney. UponthePartiesexecutionanddeliveryofthisContract,Buyershalldepositwith__________________________________ ("Escrowee"),26

earnestmoneyintheamountof$__________________,intheformof_____________________________within_____BusinessDaysaftertheAcceptanceDate.The27

earnestmoneyshallbeincreasedto(checkone)o______%[percent]ofthePurchasePrice,ORoatotalof$_______________________________("EarnestMoney")28

within_____BusinessDaysaftertheconclusionoftheAttorneyApprovalPeriod(asestablishedinParagraph15ofthisContract).ThePartiesacknowledgeandagreethat29

(i)thePartiesshallexecuteallnecessarydocumentswithrespecttothehandlingoftheEarnestMoneyinformandcontentmutuallyagreeduponbetweentheParties30

and(ii)unlessotherwiseagreed,BuyershallpayallexpensesincurredinopeninganescrowaccountfortheEarnestMoney.31

7. MortgageContingency.PartiesagreethatthisContract(checkone)o[is]o[isnot]subjecttoParagraph7,MortgageContingency.If[isnot]ischecked,32

thenthisparagraph7doesnotapply.ThisContractiscontingentuponBuyersecuringby________________________("FirstCommitmentDate")awrittenmortgage33

commitmentforafixedrateoranadjustableratemortgagepermittedtobemadebyaU.S.orIllinoissavingsandloanassociation,bank,orotherauthorizedfinancial34

institution,intheamountof(checkone)o$________________ORo____%[percent]ofthePurchasePrice,theinterestrate(orinitialinterestrateifanadjustablerate35

mortgage)nottoexceed_______%peryear,amortizedover______years,payablemonthly,loanfeenottoexceed_______%,plusappraisalandcreditreportfee,ifany36

("RequiredCommitment").Buyershallpayforprivatemortgageinsuranceasrequiredbythelendinginstitution.IfaFHAorVAmortgageistobeobtained,Rider8or37

Rider9shallbeattachedtothisContract.(1)IfBuyerisunabletoobtaintheRequiredCommitmentbytheFirstCommitmentDate,BuyershallsonotifySellerinwriting38

onorbeforethatDate.Thereafter,Sellermay,within30BusinessDaysaftertheFirstCommitmentDate("SecondCommitmentDate"),securetheRequiredCommitment39

forBuyeruponthesameterms,andmayextendtheClosingDateby30BusinessDays.TheRequiredCommitmentmaybegivenbySellerorathirdparty.Buyershall40

furnishallrequestedcreditinformation,signcustomarydocumentsrelatingtotheapplicationandsecuringoftheRequiredCommitment,andpayoneapplicationfeeas41

directedbySeller.ShouldSellerchoosenottosecuretheRequiredCommitmentforBuyer,thisContractshallbenullandvoidasoftheFirstCommitmentDate,andthe42

EarnestMoney shall be returned to Buyer. (2) If Buyer notifies Seller on or before the First Commitment Date that Buyer has been unable to obtain the Required43

Commitment,andneitherBuyernorSellersecurestheRequiredCommitmentonorbeforetheSecondCommitmentDate,thisContractshallbenullandvoidandthe44

EarnestMoneyshallbereturnedtoBuyer.(3)IfBuyerdoesnotprovideanynoticetoSellerbytheFirstCommitmentDate,Buyershallbedeemedtohavewaivedthis45

contingencyandthisContractshallremaininfullforceandeffect.46

8. Closing.BuyershalldeliverthebalanceofthePurchasePrice(lesstheamountoftheEarnestMoney,ClosingCostCredit,plusorminusprorationsandescrow47

fees,ifany)toSellerandSellershallexecuteanddelivertheDeed(asdefinedbelow)toBuyer("Closing").Closingshalloccuronorpriorto________________________48

atatimeandlocationmutuallyagreeduponbytheParties("ClosingDate").SellermustprovideBuyerwithgoodandmerchantabletitlepriortoClosing.49

9. Possession.UnlessotherwiseagreedtoinRider22Post-ClosingPossessionRider,SelleragreestodeliverpossessionofthepropertyatClosing.IfSellerdoes50

notsurrenderpossessionatClosing,SellershallbeconsideredindefaultofthisContract.51

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©2017–ChicagoAssociationofREALTORS®-AllRightsReserved

10. Deed.AtClosing,SellershallexecuteanddelivertoBuyer,orcausetobeexecutedanddeliveredtoBuyer,arecordablewarrantydeed("Deed")withrelease52

ofhomesteadrights(orotherappropriatedeediftitleisintrustorinanestate),orArticlesofAgreement,ifapplicable,subjectonlytothefollowing,ifany:covenants,53

conditions,andrestrictionsofrecord;publicandutilityeasements;actsdonebyorsufferedthroughBuyer;allspecialgovernmentaltaxesorassessmentsconfirmedand54

unconfirmed;homeownersorcondominiumassociationdeclarationandbylaws,ifany;andgeneralrealestatetaxesnotyetdueandpayableatthetimeofClosing.55

11. RealEstateTaxes. Sellerrepresentsthatthetotal20____generalrealestatetaxesforthePropertyandallP.I.N.sreferencedparagraph1ofthisContract56

were$__________________. GeneralrealestatetaxesforthePropertyaresubjecttothefollowingexemptions(checkboxifapplicable):oHomeowner's.oSenior57

Citizen's.oSeniorFreeze.oHistoricalTaxFreeze.Generalrealestatetaxesshallbeproratedbasedon_________%ofthemostrecentascertainablefullyeartaxbill,58

unlessmutuallyagreedtootherwisebythePartiesinwritingpriortotheexpirationoftheAttorneyApprovalPeriod.59

12.HomeownersAssociation.PartiesagreethattheProperty(checkone)o[is]o[isnot]apartofahomeownersassociationandthateithertheIllinoisCommon60

InterestCommunityAssociationAct,IllinoisCondominiumPropertyAct,orotherapplicablestateassociationlawapplies(“GoverningLaw”).If[isnot]ischecked,then61

this paragraph 12, Homeowners Association, does not apply. Seller represents that as of the Acceptance Date, the regular monthly assessment pertaining to the62

Propertyis$_______________;aspecialassessment(checkone)o[has]ORo[hasnot]beenlevied.Theoriginalamountofthespecialassessmentpertainingtothe63

Propertywas$______________,andtheremainingamountdueatClosingwillbe$_____________and(checkone)o[shall]ORo[shallnot]beassumedbyBuyerat64

Closing.Buyeracknowledgesandagreesthat(i)therepresentationsinthisParagraphareprovidedasoftheAcceptanceDate;(ii)thisinformationmaychange,andthese65

feesmayincrease,priortoClosing.NotwithstandinganythingtothecontrarycontainedinthisParagraph12,SellershallnotifyBuyerofanyproposedspecialassessment,66

increase in any regular assessment, and amendments or revisions to any items stipulated by the resale disclosure provisions of the Governing Law ("Association67

Documents"), including but not limited to the declaration, bylaws, rules and regulations, and the prior and current years' operating budgets, between the Date of68

AcceptanceandClosing.SellershallnotifyBuyerwithin5BusinessDays(andinnoeventlaterthantheClosingDate)afterSellerreceivesnoticeofanyproposedspecial69

assessment, increase inany regularassessment, andamendmentsor revisions toanyof theAssociationDocuments. Seller shall furnishBuyera statement from the70

properassociationrepresentativecertifyingthatSelleriscurrentinpaymentofassessments,and,ifapplicable,proofofwaiverorterminationofanyrightoffirstrefusal71

orsimilaroptionscontainedinthebylawsoftheassociationforthetransferofownership.SellershalldelivertoBuyertheAssociationDocumentswithin______Business72

DaysoftheAcceptanceDate.IntheeventtheAssociationDocumentsdisclosethatthePropertyisinviolationofexistingrules,regulations,orotherrestrictionsorthat73

thetermsandconditionscontainedwithinthedocumentswouldunreasonablyrestrictBuyer'suseofthePropertyorwouldincreasethefinancialconsiderationswhich74

BuyerwouldhavetoextendinconnectionwithowningtheProperty,thenBuyermaydeclarethisContractnullandvoidbygivingSellerwrittennoticewithin5Business75

Daysafter the receiptof theAssociationDocuments, listing thosedeficiencieswhichareunacceptable toBuyer,and thereuponall EarnestMoneydeposited shallbe76

returnedtoBuyer.Ifwrittennoticeisnotservedwithinthetimespecified,Buyershallbedeemedtohavewaivedthiscontingency,andthisContractshallremaininfull77

forceandeffect.Selleragreestopayanyapplicableprocessing/move-out/transferringfeesasrequiredbytheassociation,andBuyeragreestopaythecreditreportand78

move-infeeifrequiredbytheassociation.Iftherightoffirstrefusalorsimilaroptionisexercised,thisContractshallbenullandvoidandtheEarnestMoneyshallbe79

returnedtoBuyer,butSellershallpaythecommissionpursuanttoParagraphUoftheGeneralProvisionsofthisContract.80

13. Disclosures. Buyer has received the following (check yes or no): (a) Illinois Residential Real PropertyDisclosureReport:o Yes/oNo; (b)HeatDisclosure81

(gas/electric):oYes/oNo;(c)LeadPaintDisclosureandPamphlet:oYes/oNo;and(d)RadonDisclosureandPamphlet:oYes/oNo.82

14. DualAgency.Licensee(checkone)o [is]o [isnot]actingasa“DesignatedAgent” forbothBuyerandSeller, (“DualAgency”). If [isnot] ischeckedthis83

paragraph14doesnotapply.ThePartiesconfirmthattheyhavepreviouslyconsentedandagreedtohave_____________________________________("Licensee")act84

asDual Agent in providing brokerage services on behalf of the Parties and specifically consent to Licensee acting asDual Agent on the transaction covered by this85

Contract.InitialbelowifBuyerandSellerconsenttoDualAgencyonthetransactioncoveredbythisContract.86

BuyerInitials:________BuyerInitials:__________SellerInitials:__________SellerInitials:__________87

15. AttorneyModification.Within____BusinessDaysaftertheAcceptanceDate("AttorneyApprovalPeriod"),theattorneysfortherespectiveParties,bynotice,88

may:(a)approvethisContractinitsentirety;or(b)proposemodificationstothisContract("ProposedModifications"),whichProposedModificationsshallnotinclude89

modificationstothePurchasePriceorbroker'scompensation.IfwrittenagreementisnotreachedbythePartieswithrespecttoresolutionoftheProposedModifications,90

then either Partymay terminate this Contract by serving notice, whereupon this Contract shall be null and void and the EarnestMoney returned to Buyer.Unless91

otherwisespecified,allnoticesshallbeprovidedinaccordancewithparagraphDoftheGeneralProvisions.IntheabsenceofdeliveryofProposedModificationsprior92

totheexpirationoftheAttorneyApprovalPeriod,theprovisionsofthisparagraphshallbedeemedwaivedbythePartiesandthisContractshallremaininfullforce93

andeffect.94

16. Inspection. Within ____ Business Days after the Acceptance Date ("Inspection Period"), Buyer may conduct, at Buyer's sole cost and expense (unless95

otherwiseprovidedby law)home,radon,environmental, lead-basedpaintand/or lead-basedpainthazards (unlessseparatelywaived),wood infestation,and/ormold96

inspectionsoftheProperty("Inspections")byoneormoreproperlylicensedorcertifiedinspectionpersonnel(each,an"Inspector").TheInspectionsshallincludeonly97

majorcomponentsof theProperty, including,without limitation,centralheating, central cooling,plumbing,well,andelectric systems, roofs,walls,windows,ceilings,98

floors,appliances,andfoundations.Amajorcomponentshallbedeemedtobeinoperatingconditionifitperformsthefunctionforwhichitisintended,regardlessof99

age,anddoesnotconstituteahealthorsafetythreat.BuyershallindemnifySellerfromandagainstanylossordamagetothePropertyorpersonalinjurycausedbythe100

Inspections,Buyer,orBuyer'sInspector.PriortoexpirationoftheInspectionPeriod,BuyershallnotifySellerorSeller'sattorneyinwriting("Buyer'sInspectionNotice")of101

anydefectsdisclosedbytheInspectionsthatareunacceptabletoBuyer,togetherwithacopyofthepertinentpagesoftherelevantInspectionsreport.Buyeragreesthat102

minor repairs andmaintenance collectively costing less than $250 shall not constitute defects covered by this Paragraph. If the Parties have not reachedwritten103

agreementresolvingtheinspectionissueswithintheInspectionPeriod,theneitherPartymayterminatethisContractbywrittennoticetotheotherParty.Intheeventof104

such notice, this Contract shall be null and void and the EarnestMoney shall be returned to Buyer. In the absence ofwritten notice prior to the expiration of the105

InspectionPeriod,thisprovisionshallbedeemedwaivedbyallParties,andthisContractshallbeinfullforceandeffect.106

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17. GeneralProvisions,RidersandAddendums. THISCONTRACTWILLBECOMEALEGALLYBINDINGCONTRACTWHENSIGNEDBYBUYERANDSELLERAND107

DELIVERED TO BUYER OR BUYER'S DESIGNATED AGENT. THIS CONTRACT INCLUDES THE GENERAL PROVISIONS ON THE LAST PAGE OF THIS CONTRACT AND THE108

FOLLOWINGRRIDERSANDADDENDUMS, IFANY, _________________________________________________________________________________________________109

___________________________________________________________________________________,WHICHAREATTACHEDTOANDMADEAPARTOFTHISCONTRACT.110

ThisContractshallbeofnoforceoreffectifnotacceptedbySelleronorbefore______________________________.111

OFFERDATE:____________________________.112

BUYER’SINFORMATION:113

Buyer’sSignature:_________________________________________________114

Buyer’sName(print):______________________________________________115

Buyer’sSignature:_________________________________________________116

Buyer’sName(print):______________________________________________117

Address:_________________________________________________________118

Phone1:________________________Phone2:________________________119

Email1:__________________________________________________________120

Email2:__________________________________________________________121

ACCEPTANCEDATE:____________________________(“AcceptanceDate”).

SELLER’SINFORMATION:

Seller’sSignature:_________________________________________________

Seller’sName(print):______________________________________________

Seller’sSignature:_________________________________________________

Seller’sName(print):______________________________________________

Address:_________________________________________________________

Phone1:________________________Phone2:________________________

Email1:__________________________________________________________

Email2:__________________________________________________________

Thenamesandaddressessetforthbelowareforinformationalpurposesonlyandsubjecttochange122

Buyer’sBroker’sInformation:123

DesignatedAgent:_________________________________________________124

AgentMLS#:________________AgentLicense#:_______________________125

Brokerage:_______________________________________________________126

BrokerageMLS#:______________BrokerageLicense#:__________________127

Address:_________________________________________________________128

AgentPhone:______________________AgentFax:______________________129

Email:___________________________________________________________130

Buyer’sAttorney’sInformation:131

AttorneyName:___________________________________________________132

Address:_________________________________________________________133

Phone:__________________________Fax:____________________________134

Email:___________________________________________________________135

Buyer’sLender’sInformation:136

Lender’sName:___________________________________________________137

CompanyName:__________________________________________________138

Address:_________________________________________________________139

Phone:__________________________Fax:____________________________140

Email:___________________________________________________________141

Seller’sBroker’sInformation:

DesignatedAgent:_________________________________________________

AgentMLS#:________________AgentLicense#:_______________________

Brokerage:_______________________________________________________

BrokerageMLS#:______________BrokerageLicense#:__________________

Address:_________________________________________________________

AgentPhone:______________________AgentFax:______________________

Email:___________________________________________________________

Seller’sAttorney’sInformation:

AttorneyName:___________________________________________________

Address:_________________________________________________________

Phone:__________________________Fax:____________________________

Email:___________________________________________________________

GENERALPROVISIONS142A. Prorations.Rent,interestonexistingmortgage,ifany,watertaxesandotheritemsshallbeproratedasoftheClosingDate.Securitydeposits,ifany,shallbepaid143toBuyer atClosing. Notwithstandinganything to the contrary contained inParagraph9of thisContract, if theProperty is improvedasof theClosingDate,but the last144availabletaxbillisonvacantland,Sellershallplaceinescrowanamountequalto2%ofthePurchasePriceandthePartiesshallreproratetaxeswithin30daysafterthebillon145

theimprovedpropertybecomesavailable.146B. UniformVendorandPurchaserRiskAct.TheprovisionsoftheUniformVendorandPurchaserRiskActoftheStateofIllinoisshallbeapplicabletothisContract.147C. Title. At least 5 BusinessDays prior to the ClosingDate, Seller shall deliver to Buyer or his agent evidence ofmerchantable title in the intended grantor by148deliveringaCommitment forTitle Insuranceofa title insurancecompanybearingadateonor subsequent to theAcceptanceDate, in theamountof thePurchasePrice,149subject tonootherexceptions than thosepreviously listedwithin thisContractand togeneralexceptions contained in the commitment. Delay indeliverybySellerofa150CommitmentforTitleInsuranceduetodelaybyBuyer'smortgageeinrecordingmortgageandbringingdowntitleshallnotbeadefaultofthisContract.EveryCommitment151forTitle Insurance furnishedbySellershallbeconclusiveevidenceof titleasshown. Ifevidenceof titledisclosesotherexceptions,Sellershallhave30daysafterSeller's152receiptofevidenceoftitletocuretheexceptionsandnotifyBuyeraccordingly.AstothoseexceptionsthatmayberemovedatClosingbypaymentofmoney,Sellermayhave153thoseexceptionsremovedatClosingbyusingtheproceedsofthesale.154D. Notice.AllnoticesrequiredbythisContractshallbeinwritingandshallbeserveduponthePartiesortheirattorneysattheaddressesprovidedinthisContract.155Themailingof noticeby registeredor certifiedmail, return receipt requested, shall be sufficient service.Noticesmay alsobe servedbypersonal deliveryor commercial156deliveryserviceorbytheuseofafacsimilemachine.Inaddition,facsimilesignaturesordigitalsignaturesshallbesufficientforpurposesofexecutingthisContractandshall157bedeemedoriginals.E-mailnoticesshallbedeemedvalidandreceivedbytheaddresseewhendeliveredbye-mailandopenedbytherecipient.EachPartyshallretainacopy158ofproofoffacsimiletransmissionandemailnoticeandprovidesuchproof,ifrequested.159E. DispositionofEarnestMoney.IntheeventofanydefaultbyeitherParty,EscroweemaynotdistributetheEarnestMoneywithoutthejointwrittendirectionof160Seller andBuyeror their authorizedagents. However, if Escroweehasnot received the jointwrittendirectionof both Seller andBuyeror their authorizedagents, then161EscroweemaygivewrittennoticetoSellerandBuyeroftheintendeddisbursementofEarnestMoney,indicatingthemannerinwhichEscroweeintendstodisburseinthe162absenceof anywrittenobjection. If neitherPartyobjects, inwriting, to theproposeddispositionof theEarnestMoneywithin30daysafter thedateof thenotice, then163EscroweeshallproceedtodispensetheEarnestMoneyaspreviouslynoticedbyEscrowee.IfeitherSellerorBuyerobjectsinwritingtotheintendeddispositionwithinthe30164

dayperiod,thentheEscroweemaydeposittheEarnestMoneywiththeClerkoftheCircuitCourtbythefilingofanactioninthenatureofanInterpleader.Escroweemay165withdrawfromtheEarnestMoneyallcosts,includingreasonableattorney'sfees,relatedtothefilingoftheInterpleader,andthePartiesshallindemnifyandholdEscrowee166harmless fromanyandallclaimsanddemands, includingthepaymentof reasonableattorneys' fees,costs,andexpensesarisingoutof thoseclaimsanddemands. In the167eventofdefaultbyBuyer,theEarnestMoney,lessexpensesandcommissionofthelistingbroker,shallbepaidtoSeller.IfSellerdefaults,theEarnestMoney,attheoptionof168Buyer,shallberefundedtoBuyer,butsuchrefundingshallnotreleaseSellerfromtheobligationsofthisContract.169F. OperationalSystems.Sellerrepresentsthattheheating,plumbing,electrical,centralcooling,ventilatingsystems,appliances,andfixturesonthePropertyarein170workingorderandwillbesoatthetimeofClosing. BuyershallhavetherighttoenterthePropertyduringthe48-hourperiod immediatelypriortoClosingsolelyforthe171purposeofverifyingthattheoperationalsystemsandappliancesservingthePropertyareinworkingorderandthatthePropertyisinsubstantiallythesamecondition,normal172wearandtearexcepted,asoftheAcceptanceDate.173G. InsulationandHeatDisclosureRequirements. IftheProperty isnewconstruction,BuyerandSellershallcomplywithall insulationdisclosurerequirementsas174providedbytheFederalTradeCommission,andRider13isattached. IftheProperty is locatedintheCityofChicago,SellerandBuyershallcomplywiththeprovisionsof175Chapter5-16-050oftheMunicipalCodeofChicagoconcerningheatingcostdisclosurefortheProperty.176H. CodeViolations. Sellerwarrantsthatnonoticefromanycity,village,orothergovernmentalauthorityofadwellingcodeviolationthatcurrentlyexistsonthe177Propertyhasbeen issuedand receivedby Selleror Seller's agent ("CodeViolationNotice"). If aCodeViolationNotice is receivedafter theAcceptanceDateandbefore178Closing,SellershallpromptlynotifyBuyeroftheCodeViolationNotice.179I. EscrowClosing. At thewritten request of Seller or Buyer receivedprior to thedelivery of theDeed, this sale shall be closed through an escrowwith a title180insurance company, in accordancewith the general provisionsof theusual formof deed andmoneyescrowagreement then furnished and in useby the title insurance181company,withsuchspecialprovisions inserted in theescrowagreementasmayberequiredtoconformwith thisContract. Uponthecreationofanescrow,paymentof182

PurchasePriceanddeliveryofdeedshallbemadethroughtheescrow,thisContractandtheEarnestMoneyshallbedepositedintheescrow,andtheBrokershallbemadea183partytotheescrowwithregardtocommissiondue.ThecostoftheescrowshallbedividedequallybetweenBuyerandSeller.184J. LegalDescriptionandSurvey.Atleast5BusinessDayspriortoClosing,SellershallprovideBuyerwithasurveybyalicensedlandsurveyordatednotmorethan185sixmonthspriortothedateofClosing,showingthepresentlocationofallimprovements.IfBuyerorBuyer’smortgageedesiresamorerecentorextensivesurvey,thesurvey186shallbeobtainedatBuyer’sexpense.ThePartiesmayamendthisContracttoattachacompleteandcorrectlegaldescriptionoftheProperty.187K. AffidavitofTitle;ALTA.SelleragreestofurnishtoBuyeranaffidavitoftitlesubjectonlytothoseitemssetforthinthisContract,andanALTAformifrequiredby188Buyer'smortgagee,orthetitleinsurancecompany,forextendedcoverage.189L. RESPA.BuyerandSellershallmakealldisclosuresanddoallthingsnecessarytocomplywiththeapplicableprovisionsoftheRealEstateSettlementProcedures190Actof1974,asamended.191M. TransferTaxes.Sellershallpaytheamountofanystamptaximposedbythestateandcountyonthetransferoftitle,andshallfurnishacompleteddeclaration192signedbySellerorSeller'sagentintheformrequiredbythestateandcounty,andshallfurnishanydeclarationsignedbySellerorSeller'sagentormeetotherrequirements193as established by any local ordinancewith regard to a transfer or transaction tax. Any real estate transfer tax required by local ordinance shall be paid by the person194designatedinthatordinance.195N. RemovalofPersonalProperty.SellershallremovefromthePropertybytheClosingDatealldebrisandSeller'spersonalpropertynotconveyedbyBillofSaleto196Buyer.197O. Surrender.SelleragreestosurrenderpossessionofthePropertyinbroom-cleanconditionandinthesameconditionasitwasontheAcceptanceDate,ordinary198wearandtearexcepted,subjecttoParagraphBoftheGeneralProvisionsofthisContract. TotheextentthatSellerfailstocomplywiththisparagraph,Sellershallnotbe199responsibleforthatportionofthetotalcostrelatedtothisviolationthatisbelow$250.00.200P. Time.TimeisoftheessenceforpurposesofthisContract.201

Q. Number.WhereverappropriatewithinthisContract,thesingularincludestheplural.202R. FloodPlainInsurance.IntheeventthePropertyisinafloodplainandfloodinsuranceisrequiredbyBuyer'slender,Buyershallpayforthatinsurance.203S. BusinessDaysandTime. BusinessDaysaredefinedasMondaythroughFriday,excludingFederalholidays.BusinessHoursaredefinedas8:00AMto6:00PM204ChicagoTime.205T. PatriotAct.SellerandBuyerrepresentandwarrantthattheyarenotacting,directlyorindirectly,fororonbehalfofanyperson,group,entity,ornationnamed206byExecutiveOrderortheUnitedStatesTreasuryDepartmentasaSpeciallyDesignatedNationalandBlockedPerson,orotherbannedorblockedperson,entity,nationor207transactionpursuanttoanylaw,order,ruleorregulationwhichisenforcedoradministeredbytheOfficeofForeignAssetsControl("OFAC"),andthattheyarenotengagedin208thistransactiondirectlyorindirectlyonbehalfof,orfacilitatingthistransactiondirectlyorindirectlyonbehalfof,anysuchperson,group,entity,ornation.EachPartyshall209defend,indemnify,andholdharmlesstheotherPartyfromandagainstanyandallclaims,damages,losses,risks,liabilities,andexpenses(includingreasonableattorneys’fees210andcosts)arisingfromorrelatedtoanybreachoftheforegoingrepresentationandwarranty.211U. Brokers. The real estate brokers named in this Contract shall be compensated in accordance with their agreements with their clients and/or any offer of212compensationmadebythelistingbrokerinamultiplelistingserviceinwhichthelistingandcooperatingbrokerbothparticipate.213V. ExecutedContract.ThelistingbrokershallholdthefullyexecutedcopyofthisContract.214

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