FRIDAY, AUGUST 14th, 2020, at 10:00 AM
CLARE COMMUNITY CENTER
203 N HOOD STREET
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 122 acres m/l to be offered at auction on Friday, August 14th, 2020, at 10:00 A.M. This property consists of 122 acres m/l, of which there are approximately 121.23 taxable acres and 73.36 cropland acres m/l. This tract has an average CSR2 of 49.3, with the Webster County average CSR2 being 77.7.
*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.
DIRECTIONS: From Clare, Iowa, go west on County Highway #C-66 approximately 4.5 miles to Adare Avenue. This property is located on the northwest corner of the intersection of County Blacktop C-66 and Adare Avenue, a county rock road, with the north portion of the farm located 1/4 mile north of this intersection. Please watch for real estate signs.
LEGAL DESCRIPTION: 122 Acres m/l located in the Southwest Quarter (SW1/4) of Section Nineteen (19), Township Ninety (90) North, Range Thirty (30), West of the 5th P.M., Webster County, Iowa. Please contact the auctioneer for entire legal description.
NOTE: Access to the south portion of this property is off of Adare Avenue and County Blacktop C-66. Access to the north portion of this property has been from the northwest off of 335th Avenue or Adams Street. This access is how to get to the west portion of this farm west of Lizard Creek. Access to the portion east of Lizard Creek has been across the East One-Half of Section 19 of Jackson Township. There are currently no written easements on these accesses. Please contact auctioneer for details of these easements or potential easements.
FARM PROGRAM INFORMATION:
Cropland: 73.36 acres
Corn Base: 53.13 acres PLC Yield: 130 bu.
Bean Base: 11.68 acres PLC YIeld: 37 bu.
Of these 73.36 acres, there are 1.1 acres in CRP bid in at $131.58/acre or an annual payment of $145/year until 2029.
This farm is classified as Highly Erodible Land, with this property containing a Wetland, according to FSA and NRCS.
FARM LEASE: The subject property is presently rented for the 2020 crop year. The lease for 2021 has been terminated. Seller to retain all of 2020 cash rent on this property.
IMPROVEMENTS: The improvements on this property are field drainage tile and perimeter fence. No tile maps are available at this time for the tile located on this parcel.
LISTING #20120 TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 122 acres m/l.
TAXES: $1,398/year. 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 1, 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.
COURT APPROVAL: The results of this auction are subject to Court Approval.
CLOSING: Closing will occur on or about October 1, 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: James Nervig-Closing Attorney
SELLERS: Jeffrey T. Obrecht-Referee-#EQCV320916, Marianne Hammer, Cynthia Hammer, Joseph J. Hammer Jr., Marianne Hammer Trust, Cynthia Hammer Trust, William J. Hammer Jr. Trust
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. THE RESULTS OF THIS AUCTION ARE SUBJECT TO COURT APPROVAL.
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.