Iowa Short Form Purchase Agreement

Radon Disclosure Fact Sheet – Not necessary, but there is a section on the disclosure of the seller`s attribute clause that relates to radon. This is an issue that needs to be taken seriously in Iowa and it is recommended that all first-time buyers do the necessary testing to mitigate this threat. TERMS OF PURCHASE (VALID MAY 23, 2014) 1. ACCEPTANCE OF CONTRACT: Campbell Hausfeld (buyer) is not bound to an order until the seller completes confirmation 2 REAL ESTATE CONTRACT IT IN THE SUCCESSION OF MAUREEN S. Kelley (“seller”) and returns it to the buyer; and (“buyer”). Sellers agree to sell and buyers agree to purchase real estate in Lee County, Iowa, locally known as Rd Ave., Fort Madison, IA 52627, and legally described as: The entire southwest part of the Northwest Quarter (NW 1/4) of the Northeast Quarter (NE 1/4) section twenty-eight (28), Township six-eight (68) Zone Four (4) Located to the west and west of the public highway #88, with 2.15 hectares, more or less, located in Lee County and the State of Iowa (subject to existing roads and facilities). With all facilities and all soothing services, subject however to the following provisions: a) any zoning and other regulations; b. all disc rings; c. possible facilities for utilities, roads and highways; and d. (consider: pawn rights; mineral rights; other facilities; Interest of others.) (real estate) under the following conditions: 1. PRICE. The total purchase price of the property is dollars (in dollars), of which 10% have been paid. Buyers pay the balance to the seller at Steffes Group, Inc., 605 East Winfield Ave., Mt.

Pleasant, IA 52641, or as ordered by sellers with a deadline of August 8, REAL ESTATE TAXES. The seller must pay unpaid property taxes to be paid in previous years. The buyer must pay all the following property taxes. Each down payment of property taxes on the property is determined by these taxes for the current year, unless the parties explain otherwise. 3. SPECIAL EVALUATIONS. The seller must pay all special taxes which, at the time of this contract, constitute a pawn on the property. All other special taxes are paid by the buyer. 4. PROPERTY DIPLOMA. The seller will take possession of the property from the buyer on the scheduled date of August 8, 2016, provided the buyer is not in default under this contract.

The buyer and seller may agree to extend the deadline for the scheduled date. 5. INSURANCE. The seller must maintain the existing insurance on the property until the time of possession. Buyers accept insurance income rather than sellers replacing or repairing damaged upgrades. After possession and until the full payment of the purchase price, the buyer retains the property improvements against fire, tornado and expanded savings coverage for an amount of no less than 80 percent of the full insurable value to be paid to sellers and buyers, as their interest may appear. The buyer must provide the sellers with proof of such insurance. 6. ABSTRACT AND TITLE. Sellers immediately receive, at their own expense, a disclosure form of the seller`s characteristics (p. 558A.2) – This disclosure form must be completed and delivered to the potential buyer before he makes a home offer or accepts. Disclosure of Seller`s Characteristics (No.

558A.4) – Home sellers are legally required to complete this disclosure form and send it to potential buyers (either by personal delivery or by certified/registered mail).