Bidding Opens: Tuesday, January 31^st
Bidding Closes: Tuesday, February 7, 2023 at 1PM

80± Deeded Acres – Sells in 1 Tract 

78.3  CSR2!

Buyer to Receive 100% of the 2023 Cash Rent!

Auctioneer’s Note:  An opportunity to purchase a farm with 78.3 CSR!  Perfect for an investment or add to your farming operation.

80± Deeded Acres
FSA indicates: 76.42 tillable acres.
Corn Suitability Rating 2 is 78.3 on the tillable acres.
Located in Section 20, Great Oak Township, Palo Alto County, Iowa.
Legal description: The West Half (W ½) of the Southwest Quarter (SW ¼) of Section Twenty (20), Township Ninety-five (95) North, Range Thirty-three (33) West of the 5^th P.M., Palo Alto County, Iowa.
View Soil Map
View FSA 156 EZ form & Farm Aerial
View Real Estate Contract

Terms: 10% down payment on February 7, 2023. Balance due at final settlement with a projected date of March 24, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of March 24, 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 170020003020, 170020003030, Net - $2,246.00}

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 land is rented for the 2023 farming season. The Buyer will receive 100% of the 2023 cash rent. The first half payment of $7,642.00 which is due March 1, 2023 will be paid to the Seller and credited to the Buyer at final settlement/closing. The tenant will pay the second half payment to the Buyer $7,642.00, due November 1, 2023.
• It shall be the responsibility of the Buyer to serve tenant notice prior to September 1, 2023, if so desired.
• It shall be the obligation of the Buyer to report to the Palo Alto 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 sold by the acre with deeded acres of 80 being the multiplier used to determine the total bid amount.
• 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 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.
• 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: Gary & Joan Beckman

Laura E. Bergus of Hayek, Moreland, Smith & Bergus, LLP – Closing Attorney for Seller