Buchanan County Land Auction
109.2 Acres M/L
Offered in Two Separate Tracts
Tuesday, March 19, 2019
10:00 AM

Sellers:
M&D Seamans Family Trust

Auction Location:
Rowley Community Center
109 Ely Street
Rowley, Iowa 52329

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.

Farm Program Information: Farm Program Information is provided by the Buchanan 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 Buchanan County FSA and NRCS offices.

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 Trust Account of Craig Wilson & Flickinger, Attorneys At Law.

Closing: Closing will occur on or about Friday, April 19, 2019. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Early possession of each tract will be allowed once the 10% earnest money payment has been deposited and proof of liability insurance is provided by the Buyer.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2019 season. CRP payment on Tract 1 will be prorated to the date of closing.

Fall Tillage Payment: Fall tillage has been completed on each tract. A payment of $24/acre will be due from the Buyer(s) at closing for work completed. Tract 1 tillage payment due is $1,240.56 and the Tract 2 payment due is $1,186.08.

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

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company 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 or Listing Agents 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.

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 within the marketing material. Buyer should perform his/her 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.