Chechik v. Koletsky

July 3, 1920, Sarah Koletsky, appellant, entered into a written contract with Morris Wodiansky for the purchase of a flat-building in Chicago for the sum of $12,400. The contract recites the payment of $300 as earnest money, to be applied on the purchase when consummated. The purchaser agreed to assume a first mortgage, amounting to $7000, to execute a second mortgage for $2400 to secure a series of notes representing monthly payments of $75 each, and to pay $2700 in cash when the title was approved and the deed delivered. The contract provides for the payment of a broker’s fee of $100 to Max…