This auction is postponed due to pending title issue.

HENRY COUNTY IOWA LAND AUCTION

MT. PLEASANT, IA
Land is located 5 ½ miles east of Mt. Pleasant on Winfield Ave/220^th Street.

80.85 Surveyed Acres M/L
FSA indicates: 76.83 tillable acres.
Corn Suitability Rating 2 is 77.3 on the tillable acres.
50’x64’ machine shed.
Located in Sections 4 & 5, New London Township, Henry County, Iowa.
Not included: Hay bales, 2022 crop
View FSA 156 EZ form
View FSA Field Map
View Soil Map
View Survey Overlay
View Survey

Terms: 10% down payment on November 8, 2022. Balance due at final settlement with a projected date of January 2, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of January 2, 2023 (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 Parcels 200090410000700, 200090520000200, Net - $2,594.00}

Special Provisions:

• This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount 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 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.
• The farm is rented for the 2022 farming season. Seller will retain 100% of the cash rent for 2022.
• Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
• 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.
• Land will be surveyed by a licensed surveyor. Land will be sold by the acre with gross surveyed acres being the multiplier.  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, 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 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.
• There is a recorded Easement and Maintenance Agreement which is 25’ wide and runs 218.61’ along the east adjoining line in favor of the acreage to the east for the purpose of maintaining the home. The acreage owner shall bear the responsibility for the use, maintenance and enjoyment of said easement.
• 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 drawings, lines and boundaries are approximate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Sellers: Raymond K. & Sherri L. Beattie
William J. Hargrafen – Closing Attorney for Seller