Albia, IA Auction Brochure

MONROE COUNTY, IOWA AUCTION! 324 ac m/l Row Crop, Pasture and Recreational Farm Selling as 5 tracts from 35 ac m/l to 90 ac m/l

Monday, October 6, 2014 at 10 am At the White Buffalo Restaurant,100 Highway 34, Albia, IA 52531

Productive ag land along Hwy 5 just north of Albia.

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Highly Productive Tillable Tracts

All Offered at One Auction!

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Tract 3

Tract 4

Tract 1

Tract 2

Tracts 1 - 4

Plat Map of Properties to be Auctioned

Property to be auctioned as 5 tracts ranging from 35 ac m/l to 90 ac m/l.

Property along Hwy 5 just north/northwest of Albia, IA.

Tract 1 Sells ABSOLUTE! 35 ac m/l of top quality NHEL Monroe County cropland.

FSA 34.64 ac Cropland CSR 68.2 and CSR2 80.5 Soils include: Grundy Haig Arispe

Tract 2 69 ac m/l Combination of Row Crop Pasture Buffer CRP Recreational/Hunting 65.16 FSA Crop Acres 18.28 ac Current Row Crop 52.7 CSR & 61.5 CSR2 19.6 ac CRP $1,748/yr. through 2017 Remaining acres Pasture and Great Wildlife Habitat that serves as home to quality whitetail and turkey populations.

Tract 2 Soils Map

Tract 3 Aerial Map And Aerial of Buildings

Tract 3 - 90 ac m/l highly productive cropland with buildings on-site.

Buildings include: 45’ X 96’ pole barn with shop and large equipment storage, 9,000 bu dryer bin, 2 - storage bins - 9,600 and 3,400 bu capacity Modest older home (to be sold as-is without DNR septic update).

Estimate 75.47 ac row crop (56.4 CSR & 67.4 CSR2).

Soils include high percentage Grundy, Haig, Pershing & Arispe.

Tract 4 - 38 ac m/l rolling cropland and CRP. Estimate 33.11 crop acres with 27.51 current row crop acres (40.2 CSR & 51.3 CSR2) 5.6 ac CRP ($499/yr. through 2017) This tract includes a nice pond and potential building site less than one mile from Hwy 5.

Tract 5 - 90 ac m/l Pasture/Hay CRP Recreation/Hunting 80.91 FSA Crop Acres (none currently in crop) 30.6 CRP ($2,730/yr through 2017) 50.13 ac Pasture/Hay Abundant Wildlife Habitat

Tract 5 Soil Map

FSA Map for Tracts 1 - 4

FSA Map for Tract 5

TERMS AND CONDITIONS OF AUCTION 1. Seller is serious about selling this property at this auction, but does reserve the right to accept or reject the final bid on Tracts 2 - 5 of this property. Tract 1 will sell ABSOLUTE! Each bid shall constitute an offer to purchase, and the final bid, if accepted by the seller, shall constitute a binding contract between the Buyer and the Sellers. Conduction of the auction and increments of bidding are at the direction and discretion of United Country Hawkeye Farm Mgmt & Real Estate, United Country Missouri Land & Home and/or the auctioneers. The successful bidder must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding.

2. Property is sold “AS IS - WHERE IS” and Buyer should take time to examine this property thoroughly and rely on their own judgment. The only guarantee from the Seller is a valid, good and marketable title to the property. Neither the Seller nor United Country Hawkeye Farm Mgmt & Real Estate, United Country Missouri Land & Home or the Auctioneers or Associates are giving any warranties other than a clear title. Buyer must conduct their own inspections at their own expense prior to bidding at the auction. Auctioneers, United Country Missouri Land & Home, United Country Hawkeye Farm Mgmt & Real Estate or its agents are not responsible for any representation made by Sellers or their employees and are not responsible for accidents on the sale property should any occur.

3. All mineral rights owned by the Sellers will be conveyed to the Buyer.

4. The sale of this property is subject to any and all easements of record.

5. 2015 CRP payment will convey to Buyer. Buyer agrees to accept CRP Contract (Expires 2017). All tracts available for 2015 Crop Season. Possession of pasture shall convey as of November 1, 2014. Possession of home to convey on date of closing. Possession of grain bins shall convey on July 1, 2015. Possession of machine shed shall convey on March 1, 2015. Seller and/or current renters of bins and machine shed shall be required to insure the structures and provide proof of such from date of closing until date of possession.

6. Buyer and Sellers will enter into a standard format Contract for the Sale of Real Estate on the day of auction. Contract will call for a 10% down payment in the form of a personal or corporate check, cashier’s check with the balance of the purchase price due, in certified funds, at closing on or before November 6, 2014. Contracts will contain no financing or inspection contingencies and Buyer must have their own financing and make their own inspections prior to bidding at this auction. Escrow payments will be made payable to United Country Hawkeye Farm Mgmt and Real Estate, Albia, IA. Seller will provide abstract for each parcel continued through date of sale to buyers attorney for title opinion and deliver title by General Warranty Deed. Buyer will be responsible for their own mortgage policies of title insurance (if applicable). The 2014 property taxes will be prorated. Customary closing fees will apply to both Seller’s and Buyer’s transactions.

7. Announcements made by United Country Hawkeye Farm Mgmt & Real Estate, United Country Missouri Land & Home and/ or their auctioneers during the time of the sale take precedence over any previously printed materials or any other oral statements made. The sale will be controlled by the auctioneer. United Country Hawkeye Farm Mgmt & Real Estate, United Country Missouri Land & Home and/or the Auctioneers represent the Seller only. The only guarantee from the Seller is a valid, good and marketable title to the property. Neither the Seller nor United Country Hawkeye Farm Mgmt & Real Estate, United Country Missouri Land & Home or the Auctioneers or Associates are giving any warranties other than a clear title.

The property is being sold subject to all easements, covenants, conditions, zoning and any other existing matters. If a tie or dispute occurs between two or more bidders, the Auctioneer may re-open the bidding at the Auctioneer’s sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auctioneer reserves the right to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. The Auctioneer reserves the right to enter bids on behalf of absentee/phone bidders as well as the Sellers. Any and all decisions of the Auctioneer regarding the conduct of the auction shall be final and absolute without liability to any party.

THE BIDDING WILL ONLY LAST A FEW MINUTES, AND THE AUCTIONEER HAS FINAL SAY.