154 N.E. 426 | Ill. | 1926
Appellant filed a bill in the circuit court of Cook county seeking specific performance of a contract for the purchase of real estate. Appellees filed a general demurrer to the bill, the same was sustained and an amendment to the bill was filed. To the bill as amended appellees again demurred, and, on the demurrer being sustained, appellant abided his bill and the same was dismissed for want of equity. He brings the case here on appeal.
The contract provided that appellant was to purchase and appellees were to sell certain real estate described, in Cook county, for the sum of $16,500, appellees to give a good and merchantable title by warranty deed, but subject to taxes, party-wall agreements, etc. The contract further provided that the deed was "also subject to any party-wall agreements of record, to building line restrictions and to building restrictions of record, and to assume a mortgage of $7000, due from date of deed." The contract recited that the purchaser had paid $500 as earnest money, and "agrees to pay, within five days after the title has been examined and found good or accepted by him, said insurance premium and the further sum of $3500, * * * the balance to be paid as follows: Assume a junior mortgage of $5500, payable at $50 per month, with interest at six per cent, all items prorated to date of deed, with interest from the date hereof at the rate of . . . . . . per cent per annum, payable semi-annually, to be secured by purchaser's notes and mortgage or trust deed of even date herewith on said premises, in the form known as the Chicago Real Estate Board form for improved property." The contract also provided for a *79 certificate of title to be issued by the register of titles of Cook county or a complete merchantable abstract of title, and contained further terms usually found in forms of agreements for sale of real estate but which are of no material interest here.
The question in dispute is whether the contract is sufficiently definite to constitute the basis of a decree for specific performance. The bill as finally amended avers that the contract is to be construed as providing that within five days after the title had been found good appellant was to pay $16,000, but after appellees had either secured a first mortgage on said real estate for $7000 and a junior mortgage thereon for $5500, payable $50 per month, at six per cent, or the $16,000 was to be paid within such time as appellant might, with the co-operation of appellees, procure two mortgages, one for $7000 and one for $5500, the lien of which appellant should assume and agree to pay. By the averments of the bill it appears that appellant contends, either that appellees were to procure these mortgage loans, which were to be assumed by appellant, or to aid him in so procuring them. The language of the contract does not justify such a construction. While such may have been the intention of the parties it does not appear from the contract. A written contract is one which is all in writing, so that its terms and provisions can be ascertained from the instrument itself. (Gronowski v. Jozefowicz,
The contract is clearly insufficient to justify a decree for specific performance, and the chancellor was right in so holding.
The decree dismissing the bill for want of equity will be affirmed.
Decree affirmed. *81