210.31± Acres – Sells in 2 Tracts 

Tract 1 – 60.43± Acres

•        FSA indicates: 53.66 cropland acres, of which 12.50 acres are in CRP as follows:
  4.80 acres X $346.94 = $1,665.00 and expires on 9-30-2031.
  0.70 acres X $204.00 = $143.00 and expires on 9-30-2030.
  2.30 acres X $300.00 = $690.00 and expires on 9-30-2032.
  4.70 acres X $300.00 = $1,410.00 and expires on 9-30-2033.
•        Corn Suitability Rating 2 is 89.5 on the row crop acres.
•        Corn Suitability Rating 2 is 88.2 on the row crop & CRP acres.
•        This tract has pattern tile - View Tract 1 - Tile Map  View Tract 1 - Tile Map 2  View Tract 1 - Tile Invoice
•        Located in Section 18, Dresden Township, Chickasaw County, Iowa.
•        Tax Parcel: 191518200003 = $1,756.00 Net
•        View Tract 1 - FSA 156 EZ Form, FSA Field Map, CRP Contracts
•        View Tract 1 - Soil Maps  
•        View Tract 1 - Real Estate Contract

 Tract 2 – 149.88± Acres

•        FSA indicates: 144.60 cropland acres, of which 3.10 acres are in CRP as follows: 3.10 acres X $300.00 = $930.00 and expires on 9-30-2031.
•        Corn Suitability Rating 2 is 87.3 on the row crop acres.
•        Corn Suitability Rating 2 is 87.3 on the row crop & CRP acres.
•        This tract has pattern tile - View Tract 2 - Tile Map
•        Located in Section 22, Jacksonville Township, Chickasaw County, Iowa.
•        Tax Parcel: 190722425001 & 190722475001 = $4,686.00 Net
•        View Tract 2 - FSA 156 EZ Form, FSA Field Map, CRP Contract
•        View Tract 2 - Soil Maps
•        View Tract 2 - Real Estate Contract

Terms: 10% down payment on September 19, 2024. Balance due at final settlement with a projected date of November 4, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession:  Projected date of November 4, 2024, subject to tenant’s rights on tillable land.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. The 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 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 Chickasaw 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.
•        Seller has served termination to the tenant, therefore the land is selling free and clear for the 2025 farming season.
•        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.
•        Selling subject to Seller’s confirmation.
•        Steffes Group, Inc. is representing the Seller.
•        Any announcements made or published the day of the auction take precedence over advertising.