Jackson Road , Anita, IA 50020(Cass County)

This property is located in Section 19 of Lincoln Township and will be offered in a single tract containing 151.40 of farmland with 142.89 FSA tillable acres carrying a CSR2 of 70.4 including Marshall silty clay loam soils. The balance of the farm is in terraces and well-maintained grass waterways. The existing long-term tenant has taken great care of this property, utilizing conservation farming practices on a corn / bean rotation, and additional tiling has recently been installed to improve drainage. The same long-term tenant has the farm leased for the 2023 crop season, and the buyer will receive a credit at closing for the pro-rated cash rent. Possession will be at closing, subject to tenants rights.

The Live Auction is March 11th, 2023, 10 AM, at the Anita Community Center, 805 Main Street Anita, Iowa 50020. Absentee bidding will be available via online bidding. Online Bidders must register 24 hours prior to the day of auction. Visit our website for full details on how to get registered.

For assistance registering for online bidding, or for questions regarding this property, contact Listing Agent, Zack Wahlert at 515.523.7747.

USDA Information:

Farmland Acres: 151.40

Cropland Acres: 142.89

DCP Crop Data (Corn): 41.30 Base Acres, PLC Yield 149 bu/ac

DCP Crop Data (Soybeans): 43.44 Base Acres, PLC Yield 48 bu/ac

General Summary:

Sign on Property: YES

General Farm Location: South of Anita, Iowa approximately 6 miles

Brief Legal Description: SE 1/4 of 19-T76N-R34W, except Parcel A in NW 4.83ac, Exact Legal to come from abstract.

Parcel Numbers: 190001052004000, 190001052003000, 190001052002000, 190001052001001

Gross Acres: 154.89

Annual Taxes, as of 9/2022: $4,518

Online Bidding: YES (prior registration required)

Closing: April 21st, 2023

Lease: Farm is cash rented for 2023 crop year, at $260/acre ($37,151.40), which will be prorated to the date of closing, and 1st half prorated payment

credited to buyer at closing.

Possession: Immediately upon Closing, Subject to Tenants Rights.

Terms: Cash/Conventional, not subject to buyer financing. 10% Earnest Deposit Due day of Auction.

Abstract: Seller will provide an abstract continued to the date of purchase, at Sellers Expense.

AUCTION DETAILS

Cass County, Iowa Land Auction

151.40 Acres M/L (Offered in 1 Tract)

Saturday, March 11, 2023 at 10 AM

Auction Location:

Anita Community Center

805 Main St

Anita, IA 50020

Online Bidding: Check our website for more details.

Sellers Attorney: James W. Mailander, Mailander Law Office

Agency Disclosure: KILOTERRA and its agents are exclusive representatives of the seller. Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder.

Auction Method: This property will be offered via Public Auction in one individual tract on a price per acre basis through a traditional auction. Participants may view the auction in our Virtual platform, where Online bidding will be available. This is a Reserve Auction. Seller reserves the right to accept or reject any and all offers.

Bidder Registration: All bidders must register with KILOTERRA and obtain a bidder number prior to the start of the auction to place a bid at the Auction. Online bidders must register with KILOTERRA and receive prior authorization 24 hours prior to the auction in order to participate.

Earnest Money Deposit: A deposit in the amount of 10% of the gross sale price is required on the day of auction. Earnest money must be made in form of cash or check, payable to KILOTERRA Trust and will be held by KILOTERRAs Trust Account until the day of closing.

Farm Lease and Payments: The farm is leased for the 2023 crop year. The current rent is $260/acre, and will be pro-rated to the date of closing using an annual lease date of March 1st. The Winning bidder will have immediate possession, upon closing of the property, subject to Tenants rights. This property is not encumbered by any CRP contracts.

Closing and Possession: Closing will occur on or before April 21st, 2023, as agreed by the buyer and seller. The balance of the purchase price is due at closing, in the form of cash, certified check or electronic wire transfer. Closing will be performed by Sellers Attorney. Possession will be immediate upon closing, subject to tenants rights.

Agency Acknowledgement & Purchase Agreement: Immediately upon conclusion of the Auction, Winning Bidder(s) will sign an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Sellers and Winning Bidder is representing themselves.

Contract and Title: Winning Bidder(s) will enter a Real Estate Sales Contract with the seller, which detail the terms of the sale as outlined herein. Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit. This sale is not contingent upon Buyer Financing Approval and will be considered a Cash Transaction. The seller will provide a current abstract at their expense.

Improvements: Improvements, such as but not limited to fences, buildings, terraces, tiling, etc. are in as-is condition and will not be further improved, updated, or replaced by the sellers prior to closing. Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer.

Disclosures: This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist. All property is sold on an As is Where is basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRAs agents, or the Seller. Any announcements made day of Auction by the Auctioneer or Listing Agent(s) will take precedence over any previously published public marketing information. Bidding increments are at the discretion of the Auctioneer and all decisions of the Auctioneer are final.

Disclaimers: Farm Program Information is provided by the United States Department of Agriculture (USDA) offices. All field boundaries are taken from these and other sources believed by the seller and KILOTERRA to be accurate. Values included in statements and or published marketing including but not limited to the conservation plan, gross acres, total crop acres, FSA acres, base acres, and CSR2 ratings, are believed to be reliable and are estimates by the seller and KILOTERRA. However, it is expressed that this information are subject to change if/when the farm is reconstituted by the Cass County FSA and NRCS offices and prospective bidders acknowledge that these values may vary from figures stated within marketing material or day of auction.

Prospective Bidders shall perform their own inspection of the property prior to bidding at the auction.