SELLER
Bill & Jane Wonderlich Family Trust
William J. Wonderlich & Jane Ann Wonderlich - Trustees
John Wehr - Closing Attorney

AUCTION INFORMATION

186.03± Surveyed Acres – Sells in 3 Tracts

Selling Free and Clear for the 2026 Farming Season

Tract 1 – 77.95± Surveyed Acres

•        FSA indicates: 72.11 cropland acres.
•        CSR2 is 75.2 on the cropland acres.
•        Located in Section 14, Jackson Township, Keokuk County, Iowa.
•        Tax Parcels: JATOP-037500, JATOP-076000 = $2,518.00 Net
•        Not included: 2025 corn crop. 

Tract 2 – 38.76± Surveyed Acres

•        Approx. 35± cropland acres.
•        CSR2 is 71.5 on the cropland acres.
•        62’x70’ open machine shed.
•        8,000± bu. Conrad dryer grain bin, 10,000± bu. FS grain bin, 1,800± bu. Conrad grain bin.
•        Located in Section 13, Jackson Township, Keokuk County, Iowa.
•        Tax Parcels: Part JATOP-075100, Part JATOP-075800 = $1,223.00 Approx. Net
•        Not included: 2025 corn crop, Farm Equipment
•        Included: Any items present on the day of final settlement/closing.

Tract 3 – 69.32± Surveyed Acres

•        Approx. 51± cropland acres.
•        CSR2 is 51.1 on the cropland acres.
•        Balance being timber with mature walnut and oak trees.
•        Located in Section 13, Jackson Township, Keokuk County, Iowa.
•        Tax Parcels: Part JATOP-075100, Part JATOP-075800, JATOP-075900 = $1,365.00 Approx. Net
•        Not included: 2025 corn crop.

Terms: 10% down payment due on November 12, 2025. Balance due at final settlement/closing with a projected date of December 29, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 29, 2025.
Real Estate Taxes: To be prorated to date of final settlement/closing on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This online auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
•        Tracts will be tied together with the bidding set to close simultaneously.  Bid placed within the last 4 minutes of the auction will extend the auction an additional 4 minutes.  Bid extensions continue and auction does not end until there are no bids for 4 minutes on any of the Tracts that are tied together.
•        Down payment is due on the day the bidding closes, and signing of the real estate contracts will take place through email and electronic document signatures, or in person at the Mt. Pleasant, IA Office.  In the event the auction bidding closes after 3:00pm, the down payment/earnest money will be due the following business day.
•        Seller shall grant fall tillage rights, upon the completion of the fall 2025 harvest.
•        All tracts will be selling free and clear for the 2026 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 to be determined by the FSA office, as tract lines overlap field lines.
•        Tracts 1, 2 & 3 will be surveyed by a licensed surveyor, at Seller’s expense. Tracts 1, 2 & 3 will be sold on a per acre basis with gross surveyed acres being the multiplier used to determine the total bid amount. In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at final settlement/closing.
•        This real estate auction is selling subject to final approval of the survey and subdivision requirements of the county, if required.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (Spouses constitute one Buyer).
•        This auction sale is not contingent upon Buyer’s financing, appraisal(s), 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 and paid to Seller.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        The Buyer shall be responsible for installing 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, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, 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. Bidder/Buyer acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of auction take precedence over advertising. 

CONTACT
Steffes Representative Mason Holvoet, (319) 470-7372 or (319) 385-2000
Mason Holvoet - Iowa Real Estate Salesperson S69890000
Steffes Group, Inc., 2245 East Bluegrass Road, Mt. Pleasant, IA 52641