MARSHALL COUNTY IOWA LAND AUCTION

Tract 1 – 49.89 Acres M/L – (Subject to final survey)
FSA indicates: 44.98 acres tillable.
Corn Suitability Rating 2 is 72.5 on the tillable acres.
Located in Section 18, Bangor Township, Marshall County, Iowa.
View Tract 1 - FSA Field Map
View FSA 156 Form
View Tract 1 - Soil Map
View Preliminary Survey

View Real Estate Contract

Tract 2 – 75.14 Acres M/L – (Subject to final survey)
Approx. 69 acres tillable of which 7 acres are in CRP as follows:
7 acres at $357.77 = $2,504.00 and expires on 9-30-2025.
Corn Suitability Rating 2 is 80.5 on the tillable acres.
Located in Section 20, Bangor Township, Marshall County, Iowa.
View Tract 2 - FSA Field Map
View CRP Contract
View FSA 156 Form
View Tract 2 - Soil Map
View Preliminary Survey

View Real Estate Contract

Terms: 10% down payment on June 7, 2022.  Balance due at final settlement with a projected date of July 22, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of July 22, 2022. (Subject to tenant’s rights on the tillable land)
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. 

The following taxes are approximate and will be used to prorate at closing:
Tract 1 - $1,492.00 Net
Tract 2 - $2,592.00 Net

Special Provisions:

• Online bidding will be offered. The online buyer’s premium of $1,000 per Tract will be added to the bid amount to arrive at the total contract purchase price.  No buyer’s premium charged if purchased onsite.
• Tracts 1 & 2 are rented for the 2022 farming season on a crop share/split. Seller will retain 100% of their share/split for 2022.
• It shall be the responsibility of the Seller to serve tenant notice, prior to September 1, 2022.
• It shall be the obligation of the Buyer to report to the Marshall County FSA office and show filed deed(s) 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 some fields are combined and/or overlap Tract lines. D. CRP prorate.
• Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agree to indemnify and hold harmless the Sellers for any recovery sought by the FSA due to actions of Buyer, which would violate the requirements of the CRP. In the event the Buyer elects to take the ground out of CRP, the Buyer will be responsible to the Seller for any prorate of the CRP payment that the Seller would have received.
• Both Tracts will be surveyed by a licensed surveyor. Tracts will be sold by the acre with gross surveyed acres being the multiplier for both Tracts.  In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, then adjustments to the final contract price will be made accordingly at closing.
• 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 Iowa state law.
• If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
• 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.
• 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.
• All lines, drawings and boundaries are approximate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Seller: Dorothea M. Prevo Trust
Gregory D. Prevo, Thomas J. Prevo, Suzanne E. Prevo – Co-Trustees
James L. Goodman - Attorney for Seller

For information contact Steffes Group at 641.423.1947;

Mason Holvoet at 319.470.7372 or Nate Larson at 319.931.3944

Downloads:
Tract 1 - FSA Field Map
Real Estate Contract
Real Estate Contract
Tract 2 - FSA Field Map
CRP Contract
FSA 156 EZ form
Tract 1 - Soil Map
Tract 2 - Soil Map
Prevo Auction Flyer
Preliminary Survey