Steffes Group Inc.

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WAPELLO COUNTY, IOWA LAND AUCTION

BATAVIA, IOWA
Land is located 2 miles west of Batavia on Highway 34, then 1 mile south on Washington Road.

Auction to be held at the Agency Community Center, 102 W. Main Street, Agency, IA 52530

THURSDAY, OCTOBER 29, 2020 AT 10AM

Selling Free and Clear for 2021!

202.98 x $6,550.00 = $1,329,519.00

202.98 Acres M/L – SELLS IN 1 TRACT

FSA indicates: 189.52 acres tillable of which 3.44 acres are in CRP as follows:

3.44 acres at $284.34 = $987.00 and expires on 9-30-2027.

Corn Suitability Rating 2 is 59.2 on the tillable acres.

Located in Section 2, Washington Township, Wapello County, Iowa.

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Terms:10% down payment on October 29, 2020. Balance due at closing with a projected date of December 14, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 14, 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.

Real Estate Taxes
Gross                          $5,503.59
Ag. Credit               ($204.11)
Net                              $5,256.00 (Rounded)

Special Provisions:

The seller has served termination to the tenant on the tillable ground and is selling free and clear for the 2021 farming season.
It shall be the obligation of the buyer to report to the Wapello 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. 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.
Seller shall not be obligated to furnish a survey.
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.
The buyer shall be responsible for any fencing in accordance with Iowa state law.
If in the future a site clean-up is required it shall be at the expense of the buyer.
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.