WEDNESDAY, SEPTEMBER 9th, 2020, at 3:00 PM
ACKLEY RECREATION CLUB
902 8TH AVENUE
*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 151 acres m/l to be offered in a single tract at auction on Wednesday, September 9th, 2020, at 3:00 P.M. This property consists of 151 acres m/l, of which there are approximately 150.87 taxable acres and 127.29 cropland acres m/l. This property has an average CSR2 of 82.2, with the county average CSR2 being 87.2.
DIRECTIONS: From Wellsburg, Iowa, go north on County Blacktop T-19 to the intersection of T-19 and County Blacktop D-17. The subject property is located in the NW corner of this intersection. Please watch for real estate signs.
LEGAL DESCRIPTION: The Southeast Quarter (SE1/4) of Section Fourteen (14), Township Eighty-nine (89) North, Range Eighteen (18), West of the 5th P.M., Grundy County, Iowa, Except for Parcel 292-B (Bk 73-HPG 0140). Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 127.29 acres
Corn Base: 62.5 acres PLC Yield: 180 bu.
Bean Base: 62.5 acres PLC Yield: 45 bu.
This farm is classified as Non-Highly Erodible Land. This farm does have land classified as Wetlands.
FARM LEASE: Sellers to retain 100% of the 2020 cash rent. The farm lease for 2021 will be terminated prior to closing.
IMPROVEMENTS: The subject property is presently unimproved except for field drainage tile and perimeter fence.
LISTING #20123 - Terms and Conditions
SALE METHOD: This tract will be sold as an individual tract of 151 acres m/l.
TAXES: $3,662/year or $24.27/taxable acre. Property taxes will be prorated to date of closing.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about October 15, 2020, subject to the current cash rent lease and current tenant’s rights for the 2020 crop year.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs.
CLOSING: Closing will occur on or about October 15, 2020. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.
ATTORNEY: Erika Allen
SELLERS: Sow in Faith Legacy Farm LLC
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.