FAYETTE COUNTY, IOWA LAND AUCTION

HAWKEYE, IOWA

Bidding Opens: Thursday, June 4th    
Bidding Closes: Thursday, June 11, 2020 at 4 PM

167.43 Acres M/L – Sells in 2 Tracts

83.9 CSR2!

Buyer to Receive Half of the Cash Rent!

<Click Here> to view Farm Retirement Equipment also selling!

Tract #1 – 80 Deeded Acres M/L
Land is located 4-½ miles west of Hawkeye, IA on Highway 18, then 3 miles north on W Ave/V68, then 1 mile east on 260^th Street, then ½ mile north on V Avenue.
 
FSA indicates: 77.4 acres tillable
Corn Suitability Rating 2 of 83.9 on the tillable acres.
Located in Section 28, Eden Township, Fayette County, Iowa.

<Click Here> For FSA Information

<Click Here> For Soil Map

Tract 1 - Real Estate Taxes:

Gross                  $2,562.00

Ag. Credit               ($72.99)
Net (Rounded)    $2,362.00

Tract #2 – 87.43 Surveyed Acres
Land is located 1-½ miles west of Hawkeye, IA on Highway 18, then ½ mile south on T Avenue.

<Click Here> for Survey
<Click Here> for Survey Aerial

Approx. 83 acres tillable
Corn Suitability Rating 2 of 57.7 on the tillable acres.
Located in Section 14, Bethel Township, Fayette County, Iowa.

<Click Here> For FSA Information

<Click Here> For Soil Map

Tract 2 - Real Estate Taxes:

Gross                 $2,129.23

Ag. Credit           ($91.05)
Family Farm Cr.    ($63.59)

Net (Approx.)     $1,975.00

Terms: 10% down payment on June 11, 2020.  Balance due at final settlement with a projected date of July 24, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: July 24, 2020. (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.

Special Provisions:

• This online auction will have a 10% buyer’s premium, capped at $1,000.  This means the buyer’s premium in the amount of ten percent (10%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.  The maximum buyer’s premium charge will be $1,000.
• Bidding on Tract #1 will be by the deeded acre and the Seller shall not be obligated to furnish a survey on Tract #1.
• Bidding on Tract #2 will be by the surveyed acre.   If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing. 
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• Tracts will be tied together and will be set to close simultaneously.  This will be indicated on those lots by a paper clip symbol. The paper clip symbol means that each lot tied together will stay in extension until there are no more bids on any of the lots that are tied.
• The farm is rented for the 2020 farming season.  The buyer(s) will receive the second half rent payment from the tenant, as follows:

Tract #1 - $7,700, due October 1, 2020

Tract #2 - $8,300, due October 1, 2020.

• It shall be the responsibility of the buyer(s) to serve the tenant termination notice prior to September 1, 2020, if so desired.
• It shall be the obligation of the buyer to report to the Fayette County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.   Please note final tillable acres will be determined by the FSA office, as FSA fields are combined with other land not selling.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• Buyer(s) will be responsible for installing his/her own entrance, if so desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are 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.

Mark Jencks and Scott Jencks, Owners Of Tract #1
Warren W. & Sandra J. Jencks, Owners Of Tract #2

Patrick B. Dillion - Attorney for Sellers

For information contact Nate Larson at Steffes Group,

641.423.1947 or 319.931.3944