CERRO GORDO & FLOYD COUNTY, IOWA
LAND AUCTION

NORA SPRINGS & ROCKFORD, IOWA
Auction to be held at the Rudd Community Center. Blue Room, 501 Floyd St., Rudd, IA

WEDNESDAY, NOVEMBER 3, 2021 AT 10AM

638.35 Surveyed Acres M/L – Sells In 6 Tracts

Survey Now Complete

View Tracts 1- 3 [ Survey Overlay ] [ Survey Plat ]

View Tract 4 [ Survey Overlay ] [ Survey Plat]

View Tract 5 & 6 [ Survey Overlay ] [ Survey Plat ]

83.5 CSR2!

Selling Free and Clear for 2022 Farming Season

Online Bidding Available!

“Selling Choice with the Privilege”
Tracts 1-5 will be sold price per gross surveyed acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts or any combination of Tracts, in any order, times their high bid. This will continue until Tracts 1-5 are sold.  Tracts will not be recombined.  After Tracts 1-5 are sold, then Tract 6 will be sold.  Tract 6 will be sold lump sum price.

Tract 1 – 52.47 Surveyed Acres

Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 49.86 acres tillable.
Corn Suitability Rating 2 is 78.6 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 1 Soil Map

Tract 2 – 128.81 Surveyed Acres
Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 121.93 acres tillable.
Corn Suitability Rating 2 is 83.5 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 2 Soil Map

Tract 3 – 59.12 Surveyed Acres
Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 38.66 acres tillable.
Corn Suitability Rating 2 is 82.5 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 3 Soil Map

Tract 4 – 159.36 Surveyed Acres
Located 4 ½ miles south of Rockford, IA on County Highway T18. Address is 1321 260^th Street, Rockford, IA
FSA indicates: 128.71 acres tillable.
Corn Suitability Rating 2 is 71.5 on the tillable acres.
Beemis Creek runs through this tract.  This tract also has a 16’x26’ shed, two small grain bins & a corn crib.
Located in Section 3, Scott Township, Floyd County, Iowa.

Tract 4 Soil Map

Tract 5 – 228.59 Surveyed Acres
Located 2 ½ miles south of Nora Springs on County Highway S70
Approx. 220 acres tillable.
Corn Suitability Rating 2 is 72 on the tillable acres.
Located in Section 25, Portland Township, Cerro Gordo County, Iowa.

Tract 5 Soil Map

Tract 6 – 10.70 Surveyed Acres
Located 2 ½ miles south of Nora Springs on County Highway S70.  Address is 24575 240^th Street, Nora Springs.
Buildings on this tract include a 72’x144’ machine shed, 48’x112’ machine shed, 14’x24’ building with a bath, 23,353 bu. grain bin, 3,468 bu. grain bin, a holding bin and a non-working well.
Approx. 5 acres tillable.
Corn Suitability Rating 2 is 82 on the tillable acres.
Located in Section 25, Portland Township, Cerro Gordo County, Iowa.
Included: LP tank

Tract 6 Soil Map

View FSA Information

Terms: 10% down payment on November 3, 2021. Balance due at final settlement with a projected date of December 17, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 17, 2021 (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 - Tax parcel Part 320093410000100 - $1,279.00 Net
Tract 2 - Tax parcel Part 320093410000100 - $3,254.00 Net
Tract 3 - Tax parcel Part 320093410000100 - $1,405.00 Net
Tract 4 - Tax parcel 130330000100 - $3,002.00 Net
Tract 5 - Tax parcels 82520000200, 82520000400, 82540000200, 82520000300, 82540000100, Part 82520000100 - $5,041.00 Net
Tract 6 - Tax parcels  Part 82520000100 - $309.00 Net

Special Provisions:

• Seller has served termination to the tenant and the land is selling free and clear for the 2022 farming season.
• It shall be the obligation of the Buyer to report to the appropriate 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 some fields are combined and/or overlap Tract lines. 
• All tracts will be surveyed by a licensed surveyor. Tracts 1 - 5 will be sold by the acre with gross surveyed acres being the multiplier for said tracts. Tract 6 will be sold lump sum price. If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing only on Tracts 1 - 5, where the gross surveyed acres are being used for the multiplier. No adjustments will be made on Tract 6, as it is selling lump sum price.
• 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.
• 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 any fencing in accordance with Iowa state law.
• The Buyer shall be responsible for installing his/her own entrances if needed or desired.
• The Buyer of Tract 6 shall bear the responsibility and expense to have the septic system pumped(if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Cerro Gordo County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Cerro Gordo County Sanitarian for the septic system.
• 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.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Teeple Farms, Inc.

Michael S. Vervaecke – Attorney for Sellers

For information contact Nate Larson of Steffes Group,
641.423.1947 or 319.931.3944

Downloads:
Tract 1 Soil Map
Tract 2 Soil Map
Tract 3 Soil Map
Tract 4 Soil Map
Tract 5 Soil Map
Tract 6 Soil Map
FSA Information
Tracts 1, 2 & 3 - Survey Overlay
Tracts 1, 2 & 3 Survey Plat
Tract 4 - Survey Overlay
Tract 4 - Survey Plat
Tracts 5 & 6 - Survey Overlay
Tracts 5 & 6 - Survey Plat
Tract 1 - Real Estate Contract 11-1 update
Tract 2 - Real Estate Contract 11-1 Update
Tract 3 - Real Estate Contract 11-1 Update
Tract 4 - Real Estate Contract 11-1 Update
Tract 5 - Real Estate Contract 11-1 Update
Tract 6 - Real Estate Contract 11-1 Update