SELLERS
Zihlman Family
Steven D. & Charlotte E. Zihlman
Brian S. & Sarah B. Zihlman
John P. & Theresa L. Zihlman
Angela & Adam Williamson

Jeff Thomas of Bainter & Thomas Law Office – Closing Attorney

AUCTION INFORMATION

42± Acres – Sells in 1 Tract

•        FSA indicates: 24.09 cropland acres of which 16.17 acres are in CRP as follows:
  11.70 acres X $247.94 = $2,900.89 and expires on 9-30-2027.
  4.47 acres X $241.00 = $1,077.27 and expires on 9-30-2025.
•        Corn Suitability Rating 2 is 63.4 on the cropland acres.
•        Balance of land is timber and Lynn Creek runs through the property.
•        Located in Section 18, Marion Township, Henry County, Iowa.
•        Tax Parcel: 090051810000600 = $826.00 Net
•        View FSA Field Map, 156 EZ Form & CRP Contracts
•        View Soil Map

Terms: 10% down payment due on June 26, 2025. Balance due at final settlement/closing with a projected date of August 11, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of August 11, 2025.
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.

Special Provisions:

•        This real estate 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 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.
•        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. 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.
•        Land will be sold on a per acre basis with Assessor’s gross acres being the multiplier used to determine the total bid amount.
•        The Seller is not required to provide a survey of the land.  If the Buyer chooses to obtain a survey, the cost of the survey will be the Buyer’s responsibility.  The total contract purchase price will not be adjusted to reflect any differences between the surveyed acres and acres stated.
•        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 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, 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 acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of auction take precedence over advertising.