Common Contracts

1 similar Real Property Agreement contracts

Contract
Real Property Agreement • May 5th, 2020

(765 ILCS 920/1) (from Ch. 95, par. 71) Sec. 1. As used in this Act: "Agreement" means any mortgage, trust deed or other conveyance having the effect of a mortgage, or any contract for deed, with respect to real property situated in this State. "Obligor" means the mortgagor, the grantor of a trust deed or similar conveyance, the purchaser under a contract for deed, or the successor in interest of any of the foregoing. "Obligee" means the mortgagee, the grantee of a trust deed or similar conveyance, the seller under a contract for deed, or the successor in interest of any of the foregoing. (Source: Laws 1963, p. 1533.)

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