MITCHELL COUNTY, IOWA LAND AUCTION

Osage, Iowa
Land is located 4 miles east of Osage on Highway 218, then 5 miles south on Highway 218,
then 3 miles west on Mitchell Line Street to 2229 Mitchell Line Street, Orchard, IA.

Auction to be held at the Cedar River Complex Events Center, 1006 Chestnut St., Osage, IA

THURSDAY, FEBRUARY 24, 2022 AT 11AM

77 Acres M/L – Sells In 1 Tract
 74.1 CSR2! 
Buyer to receive 100% of the 2022 Cash Rent
Online Bidding Available!

View Soil Map
View FSA aerial
View CRP Contract
View FSA 156 Form

Terms: 10% down payment on February 24, 2022. Balance due at final settlement with a projected date of April 8, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of April 8, 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:
Tax Parcel - 15-18-300-002 - $2,032.00 Net (Rounded)

Special Provisions:
• The land is rented for the 2022 farming season. The Buyer will receive 100% of the 2022 cash rent. The tenant will pay the Buyer as follows: $175 X 68.9 acres = $12,057.50, with the first half due March 1, 2022 and the second half due October 1, 2022.
• It shall be the obligation of the Buyer to serve tenant notice prior to September 1, 2022, if so desired.
• It shall be the obligation of the Buyer to report to the Mitchell 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.
• Farm will be sold by the acre with Assessor acres being the multiplier for said tracts.
• Seller shall not be obligated to furnish a survey.
• 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 Time of Transfer Septic Inspection can be exempt from inspection if the Buyer intends to demolish or raze the building, with the Buyer acquiring the proper paperwork prior to closing.  If the Buyer does not demolish or raze the building it shall be the Buyer’s responsibility and expense to have the septic system pumped & 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 Mitchell County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Mitchell County Sanitarian for the septic system.
• 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.
• 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.

Seller: Judee Lee Godden
Mark L. Walk – 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:
Soil Map
FSA Aerial
CRP Contract
FSA 156 EZ form info
Real Estate Contract