40± Deeded Acres – Sells in 1 Tract

•        Approx: 35 HEL cropland acres.
•        Corn Suitability Rating 2 is 42.1 on the cropland acres.
•        Located in Section 30, Tippecanoe Township, Henry County, Iowa.
•        Not included: Farm equipment & Misc. items.
•        View FSA Field Map (combined with other land not selling)
  
•        View FSA 156 EZ Form (combined with other land not selling)
•        View Soil Map 

Terms: 10% down payment on May 15, 2024. Balance due at final settlement with a projected date of July 1, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of July 1, 2024.  (Subject to tenant’s rights)
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Tax parcel: 170073020000400 = $660.00 Net

Special Provisions:

•        This online auction will have a $1,000 buyer’s premium. This means a buyer’s premium in the amount of $1,000 shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
•        If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
•        Down payment is due on the day the bidding closes and signing of the real estate contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
•        Land is selling subject to tenant’s rights on the tillable land for the 2024 farming season.
•        Buyer shall receive the second half cash rent payment of $4,375.00 from the tenant, due September 1, 2024.
•        It shall be the obligation of the Buyer to serve termination to the tenant of the tillable land, prior to September 1, 2024, if so desired.
•        It shall be the obligation of the Buyer to report to the Henry County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.  C. Final tillable acres will be determined by the FSA office, as FSA fields overlap Tract lines.
•        Land will be sold by the acre with deeded acres of 40 being the multiplier used to determine the total bid amount.
•        The Seller shall not be obligated to furnish a survey.
•        This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
•        If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        The Buyer shall be responsible for installing his/her own entrances if needed or desired.
•        If in the future a site clean-up is required, it shall be at the expense of the Buyer.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
•        All lines, drawings, boundaries, dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
•        Steffes Group, Inc. is representing the Seller.
•        Any announcements made the day of sale take precedence over advertising.

Seller: Todd W. Barton
Mitchell L. Taylor of Cray Law, PLC – Closing Attorney