Tract 1 – 72.37± Acres

•        FSA indicates: 73.15 cropland acres of which 2.70 acres are in CRP as follows: 2.70 acres X $192.00 = $518.00 and expires on 9-30-2030.
•        Corn Suitability Rating 2 is 85.9 on the cropland acres.
•        This tract has 1 wind turbine.
•        Seller states farm has tile to creek, no maps available.
•        Located in Section 30, Linden Township, Winnebago County, Iowa.
•        Tax Parcels: 1030400002, 1030400004 = $3,004.00 Net
•        View Tract 1 - FSA Field Map
•        View Tract 1 - FA 156 EZ Form  
•        View Tract 1 - Soil Map
•        View CRP Contracts
•        View Wind Farm Easement Agreement
•        View Tract 1 - Real Estate Contract

 Tract 2 – 146.02± Acres

•        FSA indicates: 143.46 cropland acres of which 6.0 acres are in CRP as follows: 6.0 acres X $192.00 = $1,152.00 and expires on 9-30-2030.
•        Corn Suitability Rating 2 is 82.7 on the cropland acres.
•        This tract has 2 wind turbines.
•        Seller states farm has tile to creek, no maps available.
•        Located in Section 29, Linden Township, Winnebago County, Iowa.
•        Tax Parcels: 1029300001, 1029300002, 1029300004, 1029300005 = $5,794.00 Net
•        View Tract 2 - FSA Field Map
•        View Tract 2 - FA 156 EZ Form
•        View Tract 2 - Soil Map
•        View CRP Contracts
•        View Wind Farm Easement Agreement
•        View Tract 2 - Real Estate Contract

Special Provisions:

•        This online auction will have a 5% buyer’s premium.  This means a 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.
•        Tracts will be linked together with the bidding set to close simultaneously. 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. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are linked together.
•        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.
•        It shall be the obligation of the Buyer to report to the Winnebago 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 agrees 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.
•        The land is rented on a cash rent basis for the 2024 farming season.  The current lease is based on 200.5 acres, with first half due March 1, 2024 and the second half due December 1, 2024.  The Buyer(s) will receive 100% of the rent from the tenant as follows:
  Tract 1 = 69 acres X $275.00 = $18,975.00
  Tract 2 = 131.5 acres X $275.00 = $36,162.50
•        It shall be the responsibility of the Buyer to serve tenant notice, prior to September 1, 2024, if so desired.
•        Tracts 1 & 2 are selling subject to a Wind Farm Easement Agreement.  View website to view said agreement.  The January 2023 total payment for Tracts 1 & 2 was $41,339.80.  The Buyer(s) will receive 100% of the 2024 payment, this will be credited to the Buyer(s) at closing.  If Tracts 1 & 2 are two different Buyers, the compensation split shall be determined by Crystal Lake Wind II, LLC.
•        Tracts 1 & 2 will be sold by the acre with Assessor acres for each tract being the multiplier used to determine the total bid amount. 
•        The Seller shall not be obligated to furnish a survey on any Tract.
•        This auction sale is not contingent upon the 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.
•        All lines, drawings, boundaries, dimensions, and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        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.

Sellers: Gordon & Marjorie Hall Trust

Gerald M. Stambaugh of Laird Law Firm - Closing Attorney