I would like the real estate term "takedown" as in a lot takedown
shown in a actual situation to explain in legal terms that takedown in
a real estate contract refers to the purchase of something. To prove
to a third party how that term is defined and understood in land
transactions.

Here are some brief definitions of "takedown":

"Takedown - a schedule of the transfer of capital in phases in order
to complete a commitment of funds. Typically, a takedown is used by a
general partner of a private equity fund to plan the transfer of
capital from the limited partners."

Tuck School of Business, Dartmouth College: Private Equity Glossary
http://mba.tuck.dartmouth.edu/pecenter/resources/glossary_s_z.html#takedown

"Construction Loan Draw
A partial disbursement of the construction loan based on the schedule
of payments in the loan agreement. Also called takedown."

Northern Trust: Financial Glossary
http://www.ntrs.com/library/glossary/c.html

"Takedown -- the actual transfer of money from a lender to a borrower
under a loan agreement, loan commitment, or line of credit."

Office of Thrift Supervision, U.S. Department of the Treasury: OTS
Glossary of Terms
http://www.ots.treas.gov/glossary/gloss-t.html