Warren County Land Auction
67.78 Acres M/L
Offered in Two Separate Tracts as "Buyer's Choice"
Tuesday, December 11th, 2018
10:00 AM
Wright Place Event Center
340 Wright Road, Suite A
Norwalk, IA 50211

Auction Method: Farm will be offered in two individual tracts and will be offered through the auction method of ‘Buyer’s Choice’. All bids will be on a price per acre amount. Sale of these tracts will be subject to final court approval.

Farm Program Information: Farm Program Information is provided by the Warren County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Warren County FSA and NRCS offices. No current Conservation Plan is in effect. New buyer(s) will be responsible for obtaining a Conservation Plan should they choose to do so. Contact Auctioneer for more information regarding Conservation Plan.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Verle Norris Law Firm Trust Account.

Closing: Closing will occur on or about January 15, 2019. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer. Closing will take place at the Verle Norris Law Firm in Corydon, Iowa.

Possession: Full possession of the farm will be given at closing, subject to current tenant’s rights.

Farm Lease: The current farm lease has been terminated. Farm will be open for crop year 2019. There are no current hunting leases in place.

Rural Water: Warren Water District has a 2.5 inch rural water line along the east side of 43rd Ave and another 2.5 inch line along the south side of Gear St. According to Warren Water District, each tract should be able to support one residence given their current capacity; however, interested parties are responsible for independently verifying the ability to build their specific residence with Warren Water District prior to bidding at the auction.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Verle Norris Law Firm the required earnest money payment. The Seller will provide a current abstract at their expense. Sale of this farmland is not contingent upon Buyer obtaining financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. By bidding, the bidder makes a representation that the bidder has the present ability to pay the bid price and fulfill the Real Estate Purchase Contract.

Other: 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, Peoples Company, or the Seller. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent will take precedence over all previous marketing 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. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers. No new fences will be installed by the sellers.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated in the marketing material and will be subject to change. Buyer(s) should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.

Brokers Protected: Clients must be registered with a listing broker at least 48 hours prior to start of auction. Participating brokers please contact auctioneer for details and forms.

Seller: The Estate of Cleo Craven