Hardin County Land Auction
160 Acres M/L
Friday, October 14, 2016 at 10:00 AM
Dakins Community Center
105 W Main Street
Zearing, IA

SALE METHOD: These properties will be sold as Buyers Choice. Top bidder will get choice of either Tract #1 or Tract #2 or the top bidder may have the option of taking both properties at the top amount bid.

TAXES: Tract #1-$2335/yr or $30.32/taxable acre Tract #2-$2126/yr or $27.61/taxable acre 

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 Peoples Company or named attorney’s trust account.

POSSESSION: Possession will be granted at closing, on or about November 15, 2016, subject to the current cash rent lease and current tenant’s rights for the 2016 crop year.

CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Peoples Company 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 November 15, 2016. 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. South boundary of Tract #1 will be located and marked at sellers’ expense.

BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.

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 Auctioneer or Seller. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.

ADDITIONAL INFORMATION: Over the last 40-50 years, this property has had some older buildings and miscellaneous items buried and have either had improvements built on them or have been farmed over. Buyer is purchasing the property “as is, where is, and with all faults,” and specifically and expressly without any warranties or guaranties, either express or implied, of any kind, nature or type whatsoever from or on behalf of seller. Without limiting the generality of the foregoing, seller has not, does not, and will not, with respect to the real estate, make any warranties or representations, expressed or implied, or arising by operation of law, including but in no way limited to, any warranty of condition, merchantability, habitability, or fitness for a particular use or purpose or with respect to the environmental condition of the property, or the presence of asbestos, lead in paint, radon, underground storage tanks, abandoned wells, petroleum, toxic waste or hazardous materials therein, thereon, or thereunder. Buyer acknowledges that buyer has had an adequate opportunity to inspect the property and that buyer acknowledges property is being purchased “As Is, Where Is, and With All Faults.”