[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-200229-105":3,"doc-detail-200229-en":81,"detail-sidebar-cat-1-en-105":98},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","purchase-agreement-real-property-sale-and-payment-terms","Purchase Agreement - Real Property Sale and Payment Terms","","Purchase Agreement between City of Knoxville (Seller) and Overland Land Group, LLC (Buyer) for the sale of approximately 3 acres within a larger 6.62-acre tract in Knoxville, Iowa, commonly known as 1515 Pleasant W. The agreement defines the Real Property, including land, improvements, easements, permits, leases to be kept, contracts, warranties, and related business records. It sets a total purchase price of $195,000 with $10,000 earnest money deposited in escrow, specifies payment at closing, and includes refundable events and buyer contingencies.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/purchase-agreement-real-property-sale-and-payment-terms/200229/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/purchase-agreement-real-property-sale-and-payment-terms/200229.png","ImageObject",442,249,{"name":42,"@type":43},"Violet","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-12","2026-09-04",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",15,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What property is being sold under this agreement?","Question",{"text":63,"@type":64},"The Property covers approximately 3 acres of a larger 6.62-acre tract, including land, improvements, easements, assignable permits, selected leases, contracts, warranties, and related business records, as more fully defined in the agreement and Exhibit A.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How is the purchase price structured and paid?",{"text":68,"@type":64},"The total purchase price is $195,000. Buyer pays $10,000 as earnest money to be held in escrow, then pays the remaining balance by cashier’s check or wire transfer at closing, subject to prorations and adjustments.",{"name":70,"@type":61,"acceptedAnswer":71},"When can the earnest money be refunded?",{"text":72,"@type":64},"Earnest money (and any accrued interest) is promptly refunded to Buyer upon specified refundable events, including Seller default not cured, termination by Buyer with Seller failure to cure, certain condemnation situations, failure to receive IFA Approval by the Funding Deadline, or termination under designated refund-related sections.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},200229,1788508318,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":22,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":80,"read_time":97},4398048950312,"https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",18,"PURCHASE AGREEMENT  \nTHIS PURCHASE AGREEMENT (the “Agreement”) is dated as of the   day of April, 2024 (the “Effective Date”) and is between City of Knoxville (“Seller”) and Overland Land Group, LLC, a Delaware limited liability company, and its successors or assigns (“Buyer”; hereinafter Seller and Buyer may each be referred to individually as a “Party” and together as the“Parties”) .  \nNOW THEREFORE, for good and valuable consideration, receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:  \n1.  Sale of Property. Subject to the terms and conditions of this Agreement, Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the following (collectively, the“Property”): real property containing a tax identification number of 0988600000, which consists of approximately 3 acres of the current 6.62 acre tract on the eastern side in the City of Knoxville, County of Marion, State of Iowa, commonly known as 1515 Pleasant W, as outlined and depicted on Exhibit A attached hereto (the “Land”) (the legal description is subject to modification based on the Survey (as hereinafter defined) of the real property described in Section 9(a) hereof) together with (1) all structures, and improvements, if any, located on the Land (the“Improvements”), (2) all easements and rights benefiting or appurtenant to the Land or the Improvements (the foregoing is referred to collectively as the “Real Property”); (3) Seller’s interests in all permits, records, licenses, and other authorizations for construction, use, or occupancy of the Real Property, to the extent assignable to Buyer (the “Permits”); (4) all leases, if any, Buyer chooses to keep in place (the “Leases”); (5) all service and maintenance contracts, equipment leases and other contracts (the “Contracts”); (6) all warranties and guaranties relating to the Real Property (the “Warranties”); and (7) all business records, to the extent that Seller has any separate business records pertaining to the Land, including, but not limited to, management, leasing, real estate taxes, assessments, insurance, rents, maintenance, repairs, capital improvements, notices and services (the “Records”) .  \n2.  Purchase Price and Manner of Payment. The total purchase price (“Purchase Price”) to be paid by Buyer to Seller for the Property shall be One-Hundred Ninety-Five Thousand and NO/100 Dollars ($195,000.00) . The Purchase Price shall be payable as follows:  \n(a) Ten Thousand and NO/100 Dollars ($10,000.00) as earnest money (“Earnest Money”), which will be deposited by Buyer by cashier’s check or wire transfer within five (5) Business Days after the Effective Date with Iowa Title Guaranty, 1963 Bell Avenue, Suite 200, Des Moines, Iowa (“Title Company”), which shall hold such Earnest Money in escrow in accordance with the terms of this Agreement. In the event this Agreement is not earlier terminated, the Title Company shall deliver all Earnest Money (as hereinafter defined) to Seller at the Closing (ashereinafter defined), and Buyer shall receive a credit against the Purchase Price for the full amount of the Earnest Money delivered to Seller. Otherwise the Title Company will disburse the Earnest Money to Seller or Buyer as provided in this Agreement. Interest accruing on the Earnest Money, if any, shall become part of the Earnest Money to be applied or disposed of in the same manner as the remainder  \nof the Earnest Money. The Earnest Money payable by Buyer hereunder is consideration for the rights granted to Buyer to purchase the Property.  \nNotwithstanding the foregoing, the Earnest Money, and any interest accrued thereon, that is otherwise nonrefundable or released to Seller under this Agreement shall be promptly refunded to Buyer in the event: (i) Seller defaults and fails to cure such default under this Agreement,(ii) Buyer terminates, and Seller fails to cure, in accordance with terms contained herein,(iii) a condemnation occurs as described in Section 14 he","cbCaighpEkKlyye1","https://ap.wps.com/l/cbCaighpEkKlyye1","pdf",398895,21,"English","# 1. Sale of Property\n# 2. Purchase Price and Manner of Payment\n## (a) Earnest Money\n## (b) Balance of Purchase Price\n# 3. Subdivision of the Parent Parcel\n# 4. Buyer Contingencies","[{\"question\":\"What property is being sold under this agreement?\",\"answer\":\"The Property covers approximately 3 acres of a larger 6.62-acre tract, including land, improvements, easements, assignable permits, selected leases, contracts, warranties, and related business records, as more fully defined in the agreement and Exhibit A.\"},{\"question\":\"How is the purchase price structured and paid?\",\"answer\":\"The total purchase price is $195,000. Buyer pays $10,000 as earnest money to be held in escrow, then pays the remaining balance by cashier’s check or wire transfer at closing, subject to prorations and adjustments.\"},{\"question\":\"When can the earnest money be refunded?\",\"answer\":\"Earnest money (and any accrued interest) is promptly refunded to Buyer upon specified refundable events, including Seller default not cured, termination by Buyer with Seller failure to cure, certain condemnation situations, failure to receive IFA Approval by the Funding Deadline, or termination under designated refund-related sections.\"}]","Purchase Agreement - Real Property Sale and Payment Terms | PDF",7,{"code":4,"msg":82,"data":99},[100,105,110,115,119,124,129,132,136],{"id":101,"doc_module":22,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},11,"Presentations",90,"presentations",{"id":106,"doc_module":22,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},12,"Resumes",80,"resumes",{"id":111,"doc_module":22,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},14,"Invoices",70,"invoices",{"id":55,"doc_module":22,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},"Posters",60,"posters",{"id":120,"doc_module":22,"doc_module_name":25,"category_name":121,"show_sort_weight":122,"slug":123},16,"Social Media",50,"social-media",{"id":125,"doc_module":22,"doc_module_name":25,"category_name":126,"show_sort_weight":127,"slug":128},17,"Forms",40,"forms",{"id":86,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":130,"slug":131},30,"letters",{"id":92,"doc_module":22,"doc_module_name":25,"category_name":133,"show_sort_weight":134,"slug":135},"Paper Templates",5,"papers-templates",{"id":137,"doc_module":22,"doc_module_name":25,"category_name":138,"show_sort_weight":4,"slug":139},158,"General","general-158"]